CNBC's Simon Hobbs reports on the negative activity in the European market, and the ECB's call for bank reforms and its effect on the euro.» Read More
The Federal Reserve is preparing regulation that would see it veto banks' compensation policies if it believes they encourage bank employees to take too much risk, the Wall Street Journal reported Friday.
The economic recovery may be sharper than many forecasters, including the International Monetary Fund, have predicted, precisely because the recession was so deep, Michael Mussa, senior fellow, Peterson Institute for International Economics, told CNBC.com.
The Federal Reserve and the Treasury Department should have let 10 banks fail, not just Lehman Brothers, for the financial system to clean itself up, legendary investor Jim Rogers told CNBC Monday.
Abolish the Federal Reserve and let AIG go bankrupt for the world economy to emerge cleaner from the financial meltdown, legendary investor Jim Rogers told CNBC a year ago. A year after Lehman Brothers collapsed, here is what Jim Rogers tells CNBC:
JP Morgan changed its preference to traditional, credit-exposed banks from investment banks after regulators pledged to toughen capital rules for financial institutions, Reuters reported Wednesday, quoting research by the bank.
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September has historically been a month when stocks rose only if they had fallen in the preceding months, but this does not mean this month should be the same, as conditions now are very different, two market analysts told CNBC Tuesday.
A weaker dollar and government intervention in the markets are to be expected as President Barack Obama reappointed Ben Bernanke as Fed chairman, analysts said.
Prices in the 16 countries that use the euro fell on an annual basis for the second straight month in July and by more than previously anticipated, official figures showed Friday.
The surprise rise in German and French gross domestic product does not mean the world recession is over, and central banks are likely to make mistakes that would bring about a second recession, Roger Nightingale, strategist at Pointon York, told CNBC Friday.
The dollar bulls may finally get the upper hand as it becomes clear to investors that the euro zone is behind the U.S. and the U.K. in its economic recovery prospects, Jane Foley, currencies analyst at Forex.com, told CNBC Tuesday.
Deutsche Bank's effort to spy on its critics was more extensive than previously disclosed, involving a plan to target as many as 20 people, including a number of investors, a detective involved in the affair told the Wall Street Journal.
Italy has blocked the nearly euro13-million ($18-million) sale of two luxury yachts believed to have been bound for the impoverished nation of North Korea in violation of international sanctions, authorities said Thursday.
Economic cycles will never be the same, as we are going to see more turbulence and shorter periods of prosperity, John Caslione, founder and CEO of GCS Business Capital and author of "Chaotics" told CNBC Wednesday.
‘Web stress’ has become a major source of frustration in the European work place. It can dent morale, cut productivity and even led to resignations, but the UK has it worst, new research from software giant CA revealed.
Day two at the G8 and all's not going swimmingly. No, I'm not still going on about the logistics (I mean what's three hours to get to the venue between friends). No, I'm talking about the fact that with the major developing nations, the so-called G5 turning up, things are just not so cozy and glossy for Silvio and all.
Thank you Silvio Berlusconi. No, really, thank you.
Ever since two middle-aged men with Japanese passports were caught in Italy this month trying to smuggle a purported $134.5 billion in United States government bearer bonds into Switzerland, the Internet has been abuzz with theories.
European credit spreads edged wider and gilts and bunds prices tumbled Thursday, after the US Treasury's 'sloppy' auction which reinforced investors' expectations that the Federal Reserve will have to raise rates sooner rather than later.
European banks still have upside potential despite the recent rally, as the worst is over for the continent's financial institutions, analysts at financial services investment bank KBW, who upgraded the European banking sector to 'Overweight', said Monday.