Four of Europe and the U.S.'s biggest banks have joined forces to work on a digital-only cash system, which they hope to launch in two years' time. » Read More
Abu Dhabi stepped up its rivalry with Dubai to be the financial hub of the Middle East and diversify from oil production on Wednesday.
Recent stock market turmoil demonstrated that markets overpriced the risk of deflation, the chief global equities strategist at Goldman Sachs said.
Bank stocks remain cheap, despite having a rally at the start of March, explains Charles Bobrinskoy, Ariel Investments.
Index ETFs have grown in popularity but they aren't always a wise strategy, says Michael Farr. Here's why.
A Belgian judge has charged Swiss bank UBS with money laundering and serious and organised tax fraud, Brussels prosecutors said in a statement.
Edward Yardeni, President of Yardeni Research, says financial stocks are cheap and that even though it is choppy now, next year we'll see a bull market.
The "Fast Money" traders give their final trades of the day.
CreditSights' David Marshall says Asian banks are concerned about asset quality, low or negative interest rates and regulatory risks.
Singapore GDP was driven by strong financial sector activity amid volatility, and construction, says Song Seng Wun from CIMB.
Jimmy Dunne, Sandler O'Neill, shares his thought on the state of big banks and why Dodd-Frank should be repealed.
Jimmy Dunne, Sandler O'Neill, weighs in on "political" comments made by Neel Kashari about breaking up big banks.
The Federal Reserve should stick with its plan to raise interest rates gradually, a top policymaker said on Thursday.
DBS' Jason Law explains that the rally in Asia markets is likely a technical rebound with limited upside because fundamentals are unchanged.
Brokers are seemingly not too concerned about another full-blown recession, but that doesn't mean they are recommending you buy banks either.
The "Worldwide Exchange" crew discusses the morning's top attention-grabbing headlines, including a story in the Financial Times which shows how banks fare during economic downturns.
Old Blackheath Companies' Jeremy Hill talks about a call from the Minneapolis Fed's Neel Kashkari for a break-up of large banks.
The PBOC needs to deal with the root of banks' bad debts and not just repackage the bad debt problem, says Macquarie Investment Mgmt's Sam Le Cornu.
Prolonged low rates and dwindling liquidity for loans on the secondary market could grind home sales to a halt again.
The three-month London Interbank Offered Rate — Libor — is around the highest level it's been since May 2009.