Banks may have repaired their balance sheets but we're still waiting for any notable shift in their culture, according to a market commentator.» Read More
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.
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's acquisition of Indonesia's Bank Danamon is transformational, the Chairman of the Singapore-based lender told CNBC on Monday.
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.
Investment banks are to shrink their balance sheets by another $1 trillion or up to 7 percent globally within the next two years, says a report that foresees a shake-up of market share in the industry. The FT reports.
Like shifting sands, financial markets are rapidly realigning, and that trend will be the thing to watch Thursday, when inflation data and the latest jobless claims are released.
The Fed sounded the all clear for most major U.S. banks, and its stress test results could be positive for stocks Wednesday, even though four of the 19 institutions failed.
Developed economies are still experiencing an economic “hard landing” after the credit crunch, despite data showing small increases in gross domestic product, Stephen Gallo, head of market analysis at Schneider Foreign Exchange, said in an interview.
Beijing's recent announcement that it has enough room to ease monetary policy is sending mixed signals about its stance on the property market, says a market watcher who sees an increase in liquidity working against curbs introduced to cool the real estate sector.
While China's ballooning local government debt has many investors steering clear of financial stocks, one equity analyst maintains that all banks are not made equal, and it's the smaller policy lenders, or banks tasked to finance economic and trade development projects, which are the weak links.
Standard Chartered Bank's Asia CEO Jaspal Bindra has warned that the European Central Bank's long-term refinancing operations could lead to unintended consequences.
"Being also very close to Italy I'm not so worried about Italy as some others, the main reason being that Italy is a rich country," Eric Strutz, Commerzbank CFO, told CNBC.
Banks feel squeezed by the European Banking Authority's request to raise capital, and the measure is pushing some banks out of some markets, but Commerzbank has not suffered from it, Eric Strutz, the bank's chief financial officer, told CNBC on Thursday.
Concerns about the crisis in the euro zone and the effect of sweeping regulatory changes on bank lending have pushed confidence in London’s commercial property market to the lowest level in two years. The FT reports.
What should investors watch in 2012? As the new year dawns, there are plenty of short-term issues on the horizon, ranging from the eurozone to fiscal gridlock in the US to upheavals in the Middle East. The Financial Times reports
An industry task force sponsored by the US Federal Reserve is working on a plan to scale back systemic risk in the funding market at the center of the financial crisis and to reduce trader dependence on JPMorgan Chase and Bank of New York Mellon. The Financial Times reports
Fund managers and financial advisers should be forced to study financial history to reduce the likelihood of future market panics and crashes, according to a leading trade body for investment professionals. The Financial Times reports
Eurozone banks have deposited record amounts of cash at the European Central Bank, just days after it provided unprecedented levels of liquidity in an effort to reduce tension in the financial system. The Financial Times reports
Banks are the key to fixing Europe's ongoing economic crisis, and they must be helped to lend while recapitalization of European financial institutions takes place early next year, analysts said on Tuesday.
Mario Draghi warned of the costs of a euro zone break-up, breaching a taboo for a president of the European Central Bank, in an interview with the Financial Times.