HSBC, one of the largest hedge fund investors in the world, has changed the leadership of a key private banking unit.» Read More
A British pension fund advisor—joining calls for JPMorgan to split the role of chairman and CEO—told CNBC its decision is unaffected by the threat of a possible Jamie Dimon exit.
The cell hacked into credit card processors to steal MasterCard debit card data, which it used to make about 36,000 transactions over 10 hours, the Justice Department said.
Investors cheered HSBC first quarter results on Tuesday, but analysts said the bank's profit-beat was misleading, and recommended RBS and Lloyds shares.
Royal Bank of Scotland is expected to report its first quarterly profit in 18 months on Friday, the fruit of efforts to focus on bread and butter lending.
Lachlan Colquhoun, Head of Markets Analysis at East and Partners outlines how factors like cost-cutting are helping spur solid earnings results from Australia's 'big four' lenders.
With banking behemoths UBS and Deutsche Bank announcing strong quarterly profit growth Tuesday, strategists face off on which bank is likely to trump its rivals over the long term in the volatile banking sector.
David Ellis, Head of Australian Banking Research at Morningstar Australasia says that despite modest credit growth, Australia's top lenders can generate solid earnings-per-share growth.
In a marked difference to prior annual meetings, Citigroup shareholders praised management and the board on Wednesday for revitalizing the bank's strategy.
Breaking up "too big to fail" banks could allow Chinese banks to top financial system, banking analyst Bove told CNBC.
Simon Maughan, financials sector strategist at Olivetree Financial Group, tells CNBC that the banking sector is being "dragged along" by the market and questions why anyone would want to own bank shares.
Chinese banks made $171 billion of new local currency loans in March, central bank data showed on Thursday, well above market expectations and adding to evidence of an economic recovery being fueled by ample credit.
Bank stock investors are braced for a disappointing first quarter, but there is still plenty of value in select mid-cap names. TheStreet.com takes a closer look.
British banks could pay up to a quarter more to be supervised as two new watchdogs adopt more intrusive regulation and impose higher fines which will be paid into the coffers of cash-strapped government.
Bank chiefs at HBOS, once one of Britain's biggest banks, were condemned as a "model of self-delusion", in a damming report by Britain's Banking Standards Commission on Friday.
Ivan Li, Deputy Head of Hong Kong Research at Kim Eng Securities believes slow loan growth and margin pressure will reduce growth prospects, but he adds that 2013 may not be as bad as 2012.
Cyprus banks were supposed to re-open on Tuesday but the island nation late Monday ordered all banks to remain closed until Thursday.
Global markets took a roller-coaster ride after a European official's comments sparked fear that the new normal in Europe will be hitting up a bank's own customers in a bailout.
Pay for Credit Suisse Chief Executive Brady Dougan rose by more than one third to 7.77 million Swiss francs ($8.22 million) in 2012, the Swiss bank said on Friday.
A recent study out of the FDIC makes it clear that no one has any idea what compliance with financial regulations, including the Dodd-Frank financial reforms, actually costs.
Ina Drew, the former JPMorgan Chase executive in charge of the unit that harbored the disastrous "London Whale" trades, blamed others for deceiving her.