NEW YORK— CIT Group will buy privately owned OneWest Bank in a $3.4 billion cash-and-stock deal. IMB shareholders will receive $2 billion in cash and 31.3 million CIT Group shares that are currently valued at $1.4 billion. OneWest will merge with CIT Group's banking subsidiary CIT Bank, and all locations will operate under the CIT Bank sign.» Read More
As Beijing allows local governments to refinance debt by issuing bonds, Viktor Shvets, Head of Strategy Research, Asia at Macquarie, says capital markets are now responsible for solving a banking crisis.
Sharnie Wong, Asia Banks Analyst at Barclays, expects tapering to hit margins of Hong Kong and Singapore banks, so she advises to position defensively in lenders with strong deposit franchises.
According to Barclays, a reduction of the Fed's QE program could start earlier than expected, which could hit profit margins, loan growth and asset quality in Asian lenders. CNBC's Adam Bakhtiar reports.
CNBC's Sri Jegarajah reports on the latest developments from Europe after finance ministers failed to reach an agreement on a banking union. David Mann of Standard Chartered weighs in.
William Rogers, SunTrust Banks chairman & CEO, provides insight into whether the Volcker Rule will impact his regional bank.
Russell Goldsmith, City National Bank chairman & CEO, explains how tapering is a sign the U.S. economy is improving, and weighs in on how the Volcker Rule will likely impact banks.
Nathan Bell, Research Director at Intelligent Investor explains which Australian banks he likes best.
Mike Hirst, Managing Director at Bendigo and Adelaide Bank explains the challenges to growing the lender's top line as the bank holds its annual general meeting (AGM) on Monday.
Jean-Claude Trichet, Former president of the European Central Bank says euro zone officials must decide on a single authority to handle the region's 'bad banks' as soon as possible.
Singapore is widely touted as the Switzerland of the East, and as Peter Sands, Group CEO of Standard Chartered told CNBC, that's why the city-state is one of bank's key markets.
Many of the stocks most loved by the market may be troublesome for investors, Cramer said, and buying now could be a dangerous proposition.
A top litigation lawyer for JPMorgan Chase is leaving the bank as it faces mounting regulatory headaches, lawsuits and investigations, sources tell The Wall Street Journal.
CNBC's Rick Santelli talks with Harris Simmons, chairman and CEO of Zions Bancorp, about the impact of rising interest rates on banks.
The nation's banks are bracing for a new round of cyberattacks. CNBC's Kayla Tausche reports on a message by the Al-Qassam Cyber Fighters.
Tight loan underwriting is about halfway back to the "too liberal" standards before the Great Recession, BB&T Chairman and CEO Kelly King warns on CNBC.
Kelly King, BB&T chairman & CEO, discusses how the yield curve is impacting the mortgage business and weighs in on the commercial and retail banking space.
Gerard Cassidy, RBC Capital Markets lead bank analyst, explains how a jump in interest rates will likely impact bank stocks.
The coal stocks are getting hammered today, reports CNBC's Bertha Coombs. And the trade on Apple's dip below $400, with the FMHR crew. Also Anton Schutz, Mendon Capital Advisors shares his rising rates bank picks.
Christopher Wolfe, MD, Financial Institutions at Fitch Ratings says that the top 5 banking giants in the U.S. are well insulated to prevent a repeat of the 2008 financial crisis.
Michael Kurtz, Global Head of Equity Strategy at Nomura sees the Nikkei 225 hitting 16,000 by the end of 2013 and highlights possible sectors that have yet to reap the benefits of 'Abenomics'.