July 23- The U.S. Securities and Exchange Commission has approved a new brokerage industry rule to ban dispute settlements between securities firms and investors that require investors to agree to erase complaints from brokers' public records.» Read More
Bank of America CEO Brian Moynihan sounded optimistic Wednesday about a US economic recovery and discussed his plan to improve the company’s stock price.
Kevin Kabat, Fifth Third Bancorp president & CEO, discusses the company's earnings miss and its outlook for 2012.
In a House hearing, regulators are defending the merits of the Volcker Rule today, with CNBC's Eamon Javers.
The Fast Money traders weigh in on the trade on Goldman Sachs, ahead of its earnings, and a preview of the banking sector, with Fred Cannon, KBW chief equity strategist.
CNBC's Mary Thompson has details on more bonus cuts coming on Wall Street, and whether this is a growing trend, with Gary Goldstein, Whitney Partners, and John Carney, CNBC.com senior editior.
The investigation into MF Global is intensifying as federal authorities unearth new details and confront potential obstacles in their hunt for roughly $1.2 billion in customer money that disappeared. The New York Times reports.
As many as 10,000 bankers at Royal Bank of Scotland face the prospect of losing their jobs, as the state-owned UK bank draws up detailed plans to retreat from investment banking, the FT reports.
China is poised to unveil measures to bolster the country’s nascent short-selling industry in an effort to deepen its capital markets, according to securities officials and fund managers. The Financial Times reports.
Mergers and acquisitions activity collapsed in the fourth quarter as the sovereign debt crisis and market volatility put the brakes on dealmaking and equity sales, pushing European investment banking fees to their lowest level in more than a decade. The FT reports.
The Fast Money traders weigh in on shares of Bank of America falling below its support level, and the trade on financials. Also a preview of Jeffries earnings, with Douglas Sipkin, Ticonderoga Securities analyst.
Is the decline in financials only halfway done? John Roque, WJB Capital, takes a look at the charts for clues.
India's economy, which was relatively sheltered during the last financial crisis in 2008, is looking especially fragile this time around.
The Fast Money traders discuss Gimme Credit's 'buy' rating on Jefferies, versus Egan-Jones' downgrade, and the investment banking business model.
The CEO of Southeast Asia’s largest lender DBS expects dollar funding shortages to continue into 2012 but he said Asian banks were well equipped to deal with the situation.
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.
Years after the dotcom bust, capital is again flowing to needy entrepreneurs, but the funding structure is very different.
Discussing Schwab's exposure to European sovereign debt; the ripple effect of the turmoil in the EU on U.S. markets; and if there is any truth to the rumor, Schwab is interested in pieces of MF Global, with Charles Schwab, Charles Schwab chairman.
CNBC's Kayla Tausche reports the latest details on MF Global on Wednesday, with a 17% rise in short interest on the stock, and how to trade it, with the Fast Money traders. Also, a look at how Goldman Sachs would benefit from the acquisition of MF, with Dick Bove, Rochdale Securities.
Jes Staley, J.P. Morgan Investment Bank CEO, shares his view on Europe and how investment banks are dealing with pressures on the global economy and regulation.
Goldman Sachs, once Wall Street’s highest flier, has been grounded, and it does not bode well for the rest of the financial industry or the New York City economy that depends on it, the New York Times reports.