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Commercial Banks

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  • More Regulation for Banks Not Excluded     Friday, 29 Jun 2012 | 11:15 AM ET

    The Financial Services Authority's agreement with banks that they will pay compensation for mis-selling interest rate hedging products is not a guarantee that more regulation for banks isn't on the way, Martin Wheatley, head of financial conduct at the FSA, told CNBC.

  • International Response Needed in Libor Scandal     Friday, 29 Jun 2012 | 11:13 AM ET

    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.

  • UK Will Not Join Banking Union: Juncker     Friday, 29 Jun 2012 | 11:09 AM ET

    The UK is unlikely to join a banking union as the one proposed for banks in the euro zone, Jean-Claude Juncker, president of the Eurogroup group of finance ministers in the euro zone, told CNBC.

  • Criminal sanctions can be applied in the U.S. for manipulating Libor but not in the UK and the UK government is looking into changing that, Mark Hoban, UK Financial Secretary, told CNBC.

  • Asian Banks Better Positioned Than Western Ones: Pro Friday, 22 Jun 2012 | 4:04 AM ET

    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.

  • Will Bank Deposits Continue Leaking in Europe?     Friday, 15 Jun 2012 | 11:00 AM ET

    "The concern of course is that we continue to see deposits leaking. We could see more deposits leaving¿ in the worst case next week," David Owen, chief European economist, Jefferies International, told CNBC.

  • Europe Needs to Allow 'Freedom to Fail'     Friday, 1 Jun 2012 | 11:30 AM ET

    "We need a huge purge of insolvency of the banking sector, financial sector right across the European Union," Declan Ganley, Libertas chairman, told CNBC. "We need to let capitalism work once again. For the freedom to succeed in the European Union in business you have to allow and guarantee the freedom to fail."

  • 'Critical Times' for Spain     Friday, 1 Jun 2012 | 11:20 AM ET

    Spain is going through "critical times" and the lack of a clear plan to sort out the crisis is "not good news," Antonio Garcia Pascual, chief southern European economist at Barclays told CNBC.

  • Spanish Banks May Need More Government Cash: S&P Wednesday, 23 May 2012 | 12:36 PM ET
    Spain

    Spanish banks are likely to need more money from the government to make sure they are well capitalized, Moritz Kraemer, head of European Sovereign ratings at S&P, told CNBC on Wednesday.

  • Banks' countries of origin have become important again and Deutsche Bank will continue its expansion in its home market, as well as in emerging markets and the U.S., Anshu Jain, head of the corporate and investment bank at Deutsche Bank, told CNBC in an interview.

  • Spanish Banks Could Need Up to $76 Billion More: IIF Tuesday, 22 May 2012 | 8:03 AM ET

    Spanish banking stocks saw some relief early on Tuesday after heavy continued losses on Monday on concern about the banks' property losses.

  • JPMorgan’s biggest worry in the wake of the "London Whale" $2 billion trading loss should be losing the trust of Congress, analyst Jim Bianco of Bianco Research told CNBC Tuesday.

  • Euro bank notes in a briefcase

    A "ring of defense" has to be built around eastern European neighbors Romania, Bulgaria and Serbia to help them cope with the fallout from a possible Greek exit from the euro zone, bankers said on Friday.

  • China's Biggest Banks Are Squeezed for Capital Monday, 23 Apr 2012 | 7:24 PM ET
    Signage for the Agricultural Bank of China Ltd. hangs in Beijing, China

    Banks around the world have been tapping investors for new funds as they struggle with slumping share prices and waning profits. But Chinese firms have maintained that their profit growth is strong and their balance sheets are solid, raising red flags among some analysts about the banks’ persistent capital needs. The NYT reports.

  • Once Seen as Risky, Banks Rethink Franchise Loans Tuesday, 17 Apr 2012 | 10:02 AM ET

    The Consumer Bankers Association will announced today a standardized lending “template” for working with franchisees that should speed up, and strengthen, the relationship between banks and franchisees.

  • Spain

    Spanish banks' borrowing from the European Central Bank almost doubled in March from February to 316.3 billion euros ($415.9 billion).  The question whether Spanish banks need to be recapitalized hangs over the sector like the sword of Damocles.

  • A branch of the Agricultural Bank of China, the third-largest bank in the country by assets and the fourth-largest by market cap. China's new stress tests are aimed at ensuring banks have enough capital in the eventuality of a property market correction.

    Breaking up China's biggest banks would be the "most aggressive reform measures" seen in post-1978 China, a Beijing-based economist told CNBC on Wednesday, adding that it was badly needed if growth in the world's second-biggest economy was to be sustained.

  • DBS Shares Slump After ‘Expensive’ Danamon Deal Monday, 2 Apr 2012 | 11:13 PM ET

    Shares of DBS Group Holdings fell almost 4 percent Tuesday after it said that it will buy Indonesia's Bank Danamon for $7.2 billion, prompting markets to question whether it is paying too much to become the country’s fifth biggest lender.

  • DBS Ups Exposure to Emerging Market Growth via Deal Monday, 2 Apr 2012 | 4:42 AM ET

    DBS's acquisition of Indonesia's Bank Danamon is transformational, the Chairman of the Singapore-based lender told CNBC on Monday.

  • Auditors on Alert Over Chinese Results Sunday, 25 Mar 2012 | 10:33 PM ET

    A new wave of scandals involving Chinese companies listed overseas could hit New York and Hong Kong in the coming weeks as the annual results season get under way with auditors on high alert for fraud. The FT reports.