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Commercial Banks

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  • Jamie Dimon

    When an outside analysis uncovered serious flaws with thousands of home loans, JPMorgan Chase executives found an easy fix. The NYT reports.

  • Credit Suisse Swings to Profit, Misses Forecasts Thursday, 7 Feb 2013 | 12:36 AM ET

    Credit Suisse said on Thursday it will cut more costs than expected, after swinging to a lower-than-expected fourth-quarter net profit.

  • UBS Swings to Net Loss After Libor Fine, Revamp Tuesday, 5 Feb 2013 | 3:13 AM ET

    UBS saw weak client inflows at its flagship private bank in the fourth quarter as it reported a hefty net loss due to a $1.5 billion fine for rigging benchmark interest rates and restructuring costs.

  • Richard Bove of Rafferty Capital Markets.

    Noted analyst Richard Bove's bullish stance comes despite near zero interest rates and tighter regulations.

  • Bank of America Plagued by Online, Mobile Outages Friday, 1 Feb 2013 | 4:55 PM ET

    BAC experienced widespread outages Friday on its website and mobile banking apps due to an internal technical malfunction, according to a person familiar with the situation.

  • Santander Profit Plunges on Property Losses Thursday, 31 Jan 2013 | 3:22 AM ET

    Spain's biggest bank Santander on Thursday said its 2012 net profit had more than halved, hurt by write downs on soured property assets at home while profit from key growth spots such as Latin America also fell.

  • Bank CEOs Say Trading Curbs Will Stifle French Economy Thursday, 31 Jan 2013 | 1:15 AM ET

    The heads of France's top three banks said tougher laws to curb risky trading would put the country at a competitive disadvantage as it struggles with record unemployment and a grim economic outlook.

  • Swedbank CEO: Real Economy 'Still Biting' Wednesday, 30 Jan 2013 | 1:59 AM ET

    The CEO of Swedish banking group Swedbank told CNBC on Wednesday that a sustained economic recovery remained elusive, with corporate and private customers reluctant to borrow.

  • Bulls Bank on Regions Financial Tuesday, 29 Jan 2013 | 12:37 PM ET

    The bulls were banking on Regions Financial, with the stock near its 52-week highs.

  • Royal Bank of Scotland

    Royal Bank of Scotland Group is close to a 500 million pounds ($785.32 million) settlement with U.S. and British authorities over claims that some of its employees submitted false Libor rates, the Wall Street Journal reported, citing people briefed on the negotiations.

  • Deutsche Bank, Frankfurt

    German regulator BaFin has launched a special probe against four lenders including Deutsche Bank as part of an investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), the Sueddeutsche Zeitung newspaper reported on Monday.

  • JPMorgan to Block Shareholder Vote on Bank Break-Up Friday, 25 Jan 2013 | 7:05 AM ET
    Jamie Dimon listens during a panel discussion on the opening day of the World Economic Forum (WEF) in Davos, Switzerland.

    A federation of U.S. labor unions is looking to force JPMorgan Chase's board to consider breaking up the company after the disastrous "London Whale" affair, but the bank is trying to ensure that its shareholders do not get to vote on the union's proposal.

  • BofA's Moynihan Sees More Cash Coming Off Sidelines Thursday, 24 Jan 2013 | 1:06 PM ET
    Brian Moynihan, CEO of Bank of America

    Bank of America's CEO Brian Moynihan is expecting to see companies and investors become more aggressive with their cash as uncertainty fades.

  • Citi CEO: 'Legacy' Issues Weigh, but Strategy Right Thursday, 24 Jan 2013 | 5:05 AM ET
    Citigroup Center

    Citigroup needs to continue to clean up its non-core "legacy assets" and focus on operating efficiency, its new CEO Michael Corbat told CNBC at the World Economic Forum in Davos.

  • CEOs: Europe Recovery on Track Wednesday, 23 Jan 2013 | 7:39 AM ET

    The European economy will continue to stabilize albeit slowly this year as the euro zone crisis looks to be contained, a number of CEOs told CNBC at the World Economic Forum in Davos, Switzerland.

  • The Answer to Big Bank Fees: Pay What You Want Saturday, 19 Jan 2013 | 10:19 AM ET
    GoBank app on iPhone.

    Green Dot is taking on big bank fees by allowing customers to voluntarily pay what they want each month, CEO Steven Streit told CNBC this week.

  • Wells Fargo CEO Sees More Mortgage Growth Thursday, 17 Jan 2013 | 5:34 PM ET

    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.

  • SocGen Says Writedowns and Debt Provisions Loom Thursday, 17 Jan 2013 | 3:08 AM ET

    Societe Generale said on Wednesday that its quarterly earnings would be hit by hundreds of millions of euros of one-off charges.

  • Deutsche Bank Benefited From Libor Trades: Report Thursday, 10 Jan 2013 | 5:19 AM ET
    Pedestrians pass 30 South Colonnade, centre, where the London interbank offered rate, or Libor, was set daily.

    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.

  • Deep Cuts Raise Questions About Morgan Stanley Wednesday, 9 Jan 2013 | 10:49 PM ET

    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.