The data issued Wednesday by the Federal Deposit Insurance Corp. showed continued improvement for the banking industry seven years after the crisis struck. The FDIC reported that U.S. banks earned $43 billion in the second quarter, up from $40.1 billion a year earlier. "The banking industry had another positive quarter as recent trends have continued," FDIC...» Read More
Ed Ponsi, Managing Director at Barchetta Capital Management, believes the common currency will remain in the 1.05-1.13 range against the greenback.
The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination. American Honda Finance Corporation said in a statement that it opposed discrimination. According to the complaint, Honda charged thousands of...
Jonathan Cavenagh, Senior FX Strategist at Westpac, says the euro could hit 1.05 or 1.06 per dollar over the next two to three months.
John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.
Lindsey Piegza, Chief Economist at Stifel Fixed Income, says getting the Greek population on board with Monday's bailout plan will require "extreme political maneuvering."
Guillaume Chatain, Executive Director and Head of Equity Solutions at JP Morgan Private Bank, expects Athens to seek changes to Monday's bailout deal over the next couple of months.
Patrick Basham, Director at the Democracy Institute, says Clinton's populist speech on Monday "threw a lot of red meat at the liberal center-left base of the party."
Jason Brady, Head of Fixed Income & Managing Director at Thornburg Investment Management, doesn't expect the Greek citizens to willingly accept the new harsh measures outlined in the bailout deal.
John Canally, Investment Strategist and Economist at LPL Financial, explains why Greece still faces long-term structural problems.
Rahul Chadha, Co-Chief Investment Officer at Mirae Asset Global Investments Hong Kong, is confident both creditors and Athens can reach a compromise.
Xavier Denis, Global Strategist at Societe Generale, expects a deadline to be set on Wednesday due to a fundamental lack of trust between creditors and Athens.
Mark Melatos, Senior Lecturer at the University of Sydney's School of Economics, explains why a 5-year exit from the common currency isn't likely for Greece.
Dominic Schnider, Head of Commodity & APAC Forex at UBS Wealth Management, explains his optimism even as an emergency summit in Brussels continues into Monday.
Malcolm Wood, Chief Investment Strategist for Australia at Bank of America Merrill Lynch, says global financial and trade exposure to Greece are much lower from previous years, so risks are limited.
Robert Kahn, Senior Fellow for International Economics at the Council on Foreign Relations, says Germany purposely proposed the idea of a 'time-out' to provoke debate and maintain their tough stance.
Greece has submitted a package of reform proposals to its euro zone creditors. Tasos Telloglou, TV Presenter and Investigative Journalist at Star Channel, has more from Athens.
For the first time, Greece submitted a proposal that is close to creditors' expectations, says Eric Robertsen, head of global macro strategy at Standard Chartered Bank.
SYDNEY, July 9- Australian financial services firm AMP Ltd on Thursday said Chinese regulators contributed to the panic sell-off in mainland equities when they rolled out a series of measures to calm market sentiment. The firm's AMP Capital China Growth Fund, the biggest Australian fund that invests exclusively in China shares, has seen its market value...
SYDNEY, July 9- Australian financial services firm AMP Ltd on Thursday criticised Chinese regulators for contributing to the panic sell-off in mainland equities, the first time a foreign investor has publicly censured Beijing's intervention in its markets as counter-productive. The firm's AMP Capital China Growth Fund, the biggest Australian fund that...
Jing Ulrich, MD & Vice Chairman of Asia Pacific at JP Morgan, says it is crucial to monitor if the market selloff has affected the real economy as well as the pace of reform.