Shareholders should throw out Bank of America's corporate governance board after it promoted CEO Brian Moynihan to chairman, analyst Mike Mayo tells CNBC.» Read More
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.
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.
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.
The bulls were banking on Regions Financial, with the stock near its 52-week highs.
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.
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.
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.
Bank of America's CEO Brian Moynihan is expecting to see companies and investors become more aggressive with their cash as uncertainty fades.
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.
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.
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 isn't overly exposed to the U.S. mortgage market and still has opportunities to grow that business, CEO John Stumpf told CNBC.
Societe Generale said on Wednesday that its quarterly earnings would be hit by hundreds of millions of euros of one-off charges.
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.
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.
Investment banking has been the focus of much of the recent news in the financial universe, with politicians urging banks to refocus on their traditional retail operations.
The banking industry faces an uncertain regulatory environment in 2013 as Dodd-Frank rules continue to be written but big bank stocks could continue to perform well even after a strong 2012, BankUnited CEO John Kanas told CNBC on Thursday.
David Marshall, Senior Analyst, Asia-Pacific Financials, CreditSights says that Europe's outlook remains sanguine with hopes pinned on more refinancing, but the environment for bank profitability is shrouded in doubts.
David Marshall, Senior Analyst, Asia-Pacific Financials, CreditSights is positive that Chinese banks can maintain their earnings in 2013, but risks remain with shadow banking and transparency issues.
Knight Capital Group said it will be acquired by rival electronic trading firm Getco Holdings in a cash-and-stock deal that the companies valued at $1.4 billion.