"It's definitely politics. It has nothing to do with justice or restitution to the innocent victims," former Wells Fargo chief Dick Kovacevich says.» Read More
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.
Commercial bank Chase will start providing a three-page disclosure to help consumers quickly identify the key terms of its basic checking account, such as the monthly fee and under what conditions it might be waived.
UK Prime Minister David Cameron on Monday defended his decision to veto European Union treaty changes at last week's summit of EU leaders, saying he was faced with a choice of treaty change without safeguards for Britain, or no treaty.
Latvia's largest bank is scrambling to contain a run among depositors gripped by fears of the bank's imminent collapse.
British Prime Minister David Cameron is facing criticisms of leaving the UK isolated after he said he would not agree to a new European Union treaty.
China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.
A third of the price that Sir Richard Branson’s Virgin Money is paying to buy Northern Rock will be funded from the state-owned bank’s current capital base, the Financial Times has discovered.
As most retail customers move online to bank, branches are regrouping by aggressively going after accounts with small-business owners, who tend to need a lot more face time than other types of customers.
The week's top business news and investing advice, including small caps and high-end retail picks, with CNBC's Brian Sullivan.
Austrian bank Erste announced on Friday that it had drastically reduced its credit default swaps (CDS) portfolio and that it would close it by the end of the year, after valuing it based on what it would be worth in the market - known as marking to market - earlier in the month.
Shares of China's "big four" banks rose sharply on Tuesday after a unit of the country's $400 billion sovereign wealth fund — Central Huijin Investment — increased its stake in the lenders. However, three analysts tell CNBC that while the intervention to boost investor confidence in China's financial system is encouraging, the move will not change market sentiment.
The Nordic country of 5 million people may decide to leave the single European currency and return to its markka if it is forced to cough up funds to support weaker euro zone members, Matthew Lynn, an analyst with Strategy Economics, wrote in a research note on Thursday.
Billionaire investor George Soros and 95 prominent politicians, business leaders and academics urged euro zone leaders to take swift action to resolve the crisis plaguing the region, calling for the creation of a euro zone treasury and stressing that the euro can only be saved if all 17 countries that share the currency act in unison.
Paul Gambles, Managing Partner at MBMG International believes Europe's banks will need to raise more capital than expected.
The crisis plaguing the euro zone has reached a "systemic dimension", outgoing European Central Bank President Jean Claude Trichet said on Tuesday, warning that the risk of economic shocks spreading further across the financial sector has increased.
Since August the market has been very volatile. Huge market swings for stocks added to a sense of crisis as investors fretted over Greek default, the global banking system and a slowdown in the US economy.
Europe has too many broken banks and the time has come to fix them. With Dexia's problems laid bare, it must now be apparent to even the most myopic politician that the European Banking Authority's 2011 stress tests were a complete failure, writes CNBC's Guy Johnson.
As the French and Belgian governments race towards a second rescue for stricken financial group Dexia, fears that the Franco-Belgian group is just the first of many banks in need of aid are intensifying.