The Fed gave banks two more years to shed risky loans, a move that does nothing to prevent another crisis, bank analyst Dick Bove tells CNBC.» Read More
Deutsche Bank scrapped its profit target for this year, announced 500 job cuts and said that it would take further impairment charges on its holdings of Greek sovereign debt, sending its shares down on Tuesday.
With only two countries apart from Slovakia left to approve the extension of the euro zone's bailout fund, all eyes are on the Eastern European nation of around 5 million people who are not keen on helping richer Greece.
Slovakia's parliament may vote on the expansion of the euro zone's bailout fund as soon as mid October, but the risk of a Greek default is still possible, Slovak Prime Minister Iveta Radicova told CNBC in an interview in Bratislava.
Hungary's decision to help its citizens pay back the foreign exchange loans they took at the height of the economic boom a few years back has sparked outrage among banks and spooked foreign investors.
UBS’s $2 billion rogue trading loss highlights the need for a pan-bank risk management body, Don Tapscott, author of ‘Wikinomics: how mass collaboration changes everything’ and chairman of nGenera Insight think tank, told CNBC.
China banks are a good long-term investment, says Alvin Chong, Director of Research, Head of Research at Sun Hung Kai Financial. He explains why.
Paul Donovan, MD & Deputy Head of Global Economics at UBS, says troubles in Europe's banking sector will not evolve into a Lehman-type crisis.
The CEO of BNY Mellon, the nation's sixth-largest bank, is stepping down due to disagreements over how to run the company. The current president was named as the new CEO.
"There might be some traders out there who might go into these banks¿ or take this opportunity to trade Greek bonds," Michael Mewes, head of fixed income, JP Morgan Asset Management, told CNBC. But he added that JP Morgan Asset Management was on the sidelines.
Greek banks EFG Eurobank and Alpha Bank announced they merged to create southeast Europe's largest lender. Nicholas Nanopoulos, CEO of EFG Eurobank, talks to CNBC about the merger.
The way to solve the euro zone banking crisis for the long-term is for a third of the industry to disappear, according to Ralph Silva, the research director at financial management consultant SRN.
Market turmoil in Europe and the U.S. may have made financial institutions in Asia—particularly China—even more attractive sources of credit for Latin American banks.
Two big deals last week — Google’s takeover bid for Motorola Mobility and Hewlett-Packard’s purchase of Autonomy — underscored the growing influence of boutique investment banks. The New York Times reports.
Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure practices, the New York Times reports.
Second quarter profit and revenue at BNP Paribas missed forecasts on Tuesday as it took a 534 million euro ($761.1 million) provision due to its holdings of Greek debt.
China’s banks have been putting aside more money to prepare for rising losses from loans to local governments. According to a recent report by China Construction Bank, mainland lenders have already put aside double their expected non-performing loans (NPLs) as reserves.
David Marshall, Senior Analyst, Asia-Pacific Financials at CreditSights, believes that a crisis in the U.S. bond market would affect all Japanese banks. He explains more.
Italian bank shares were sharply lower in Wednesday morning trade after Reuters reported German Finance Minister Wolfgang Schaeuble said the euro zone's rescue fund should only purchase bonds on the secondary market in exceptional circumstances.
Bankers believe that an additional disclosure requirement, relating to previously unpublished details of banks’ credit exposures, could trigger approaches for credit portfolios from specialist buyers. The FT reports.
China bank stocks fell on Wednesday after Singapore sovereign wealth investor, Temasek, sold down part of its stakes in Bank of China and China Construction Bank. But some analysts say the move could be positive for the stocks and shows there is still plenty of demand for the sector from long-term investors.