"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
Simon Maughan, financials sector strategist at Olivetree Financial Group, tells CNBC that the banking sector is being "dragged along" by the market and questions why anyone would want to own bank shares.
Chinese banks made $171 billion of new local currency loans in March, central bank data showed on Thursday, well above market expectations and adding to evidence of an economic recovery being fueled by ample credit.
Bank stock investors are braced for a disappointing first quarter, but there is still plenty of value in select mid-cap names. TheStreet.com takes a closer look.
British banks could pay up to a quarter more to be supervised as two new watchdogs adopt more intrusive regulation and impose higher fines which will be paid into the coffers of cash-strapped government.
Bank chiefs at HBOS, once one of Britain's biggest banks, were condemned as a "model of self-delusion", in a damming report by Britain's Banking Standards Commission on Friday.
Ivan Li, Deputy Head of Hong Kong Research at Kim Eng Securities believes slow loan growth and margin pressure will reduce growth prospects, but he adds that 2013 may not be as bad as 2012.
Cyprus banks were supposed to re-open on Tuesday but the island nation late Monday ordered all banks to remain closed until Thursday.
Global markets took a roller-coaster ride after a European official's comments sparked fear that the new normal in Europe will be hitting up a bank's own customers in a bailout.
Pay for Credit Suisse Chief Executive Brady Dougan rose by more than one third to 7.77 million Swiss francs ($8.22 million) in 2012, the Swiss bank said on Friday.
A recent study out of the FDIC makes it clear that no one has any idea what compliance with financial regulations, including the Dodd-Frank financial reforms, actually costs.
Ina Drew, the former JPMorgan Chase executive in charge of the unit that harbored the disastrous "London Whale" trades, blamed others for deceiving her.
Bill Smith, CEO & Senior Portfolio Manager at SAM Advisors, reacts to the Fed's stress test on U.S. banks, and explains why banks will continue to be hobbled by stringent regulations.
Sterling has lost over 90 percent of its value since the 1970s: hardly a good advertisement for the stability of public money. So why is it only central banks that have the right to print money? Why can't any bank print it?
John McCormick, Chairman, Asia Pacific at RBS discusses the bank's return to health after Bank of England Governor Mervyn King recommended splitting RBS into a 'good' and 'bad' bank last week.
Scott Redler, Chief Strategic Officer at T3live.com, reveals how to trade U.S financials which he thinks have room to move higher.
In an internal memo by Goldman the investment bank said it will name a new class of managing directors every two years, instead of on an annual basis, beginning in 2013.
Investors in U.S. bank stocks may be in for a volatile ride over the next two weeks as the Federal Reserve releases results of its annual stress tests of bank capital in two steps.
Jaspal Bindra, Asia CEO at Standard Chartered, tells CNBC how the bank managed to post a $6 billion profit despite being hit by a whopping $667 million fine for violating U.S sanctions.
As the Dow roars into record territory, there's one sector that's nowhere near its glory days: Financials.
Goldman Sachs is trying to work around a financial reform regulation to keep investing in the profitable business of buying and selling companies.