A legal battle between Goldman Sachs and the Libyan sovereign wealth fund could have more permanent repercussions for the banking industry, experts have told CNBC.» Read More
Wells Fargo isn't overly exposed to the U.S. mortgage market and still has opportunities to grow that business, CEO John Stumpf told CNBC.
Societe Generale said on Wednesday that its quarterly earnings would be hit by hundreds of millions of euros of one-off charges.
Germany's Deutsche Bank benefited from trades pegged to the London Interbank Offer Rate (Libor) currently under investigation, the Wall Street Journal reported on Thursday, adding that the bank made at least 500 million euros ($654 million) in profit from the trades in 2008.
When Morgan Stanley's top executives gathered in mid-September at the Gramercy Park Hotel in Manhattan to discuss strategy, some participants complained that the room was too small. The NYT reports.
Investment banking has been the focus of much of the recent news in the financial universe, with politicians urging banks to refocus on their traditional retail operations.
The banking industry faces an uncertain regulatory environment in 2013 as Dodd-Frank rules continue to be written but big bank stocks could continue to perform well even after a strong 2012, BankUnited CEO John Kanas told CNBC on Thursday.
David Marshall, Senior Analyst, Asia-Pacific Financials, CreditSights says that Europe's outlook remains sanguine with hopes pinned on more refinancing, but the environment for bank profitability is shrouded in doubts.
David Marshall, Senior Analyst, Asia-Pacific Financials, CreditSights is positive that Chinese banks can maintain their earnings in 2013, but risks remain with shadow banking and transparency issues.
Knight Capital Group said it will be acquired by rival electronic trading firm Getco Holdings in a cash-and-stock deal that the companies valued at $1.4 billion.
The scale of Libor manipulation at Swiss bank UBS was laid bare today in documents published by U.K. authorities which showed one trader openly boasting of keeping the benchmark rate artificially low.
Big bank stocks are poised to post double-digit gains, analyst Meredith Whitney told CNBC.
Jefferies Group said fourth quarter earnings rose on strong performance in its fixed income unit.
One of the key destinations for financial jobs, Singapore is fast losing its lure as bank layoffs threaten the once robust job market in this Southeast Asian city state.
The financial industry should not go “overboard” in cutting costs in reaction to current market conditions, the chief executive of Goldman Sachs has warned, a day before the bank is poised to announce one of its smallest ever groups of new partners. The FT reports.
In theory, banks are supposed to be overflowing with tellers, ATMs and loan officers. In reality, they are increasingly focused on servicing legal claims.
Banks once offered simple checking and savings accounts. Now they offer brokerage accounts and other financial products. How do you know what's FDIC-insured?
Thailand’s rising banking shares could jump a further 30 percent over the next 12 months as profitability soars on strong investment and corporate lending growth, according to Japanese brokerage Nomura.
An international response is needed to the issue of the manipulation of the Libor to ensure that cartel behavior is not possible, Sharon Bowles, Liberal Democrat MEP for South East England and chair of the European Parliament's Economic and Monetary Affairs Committee, told CNBC on Friday.
Authorities in the U.S. and Europe need to get involved together with the UK authorities to make sure rigging of interest rates by banks cannot happen again, Sharon Bowles, Liberal Democrat MEP for South East England and chair of the European Parliament's Economic and Monetary Affairs Committee told CNBC.
The absence of an Asian name in the list of financial institutions, which saw their credit ratings cut by Moody’s on Thursday, highlights the strength of the region’s banking sector, says one analyst.