Sept 19- Presidents of the Federal Reserve's 12 regional banks are more likely to dissent in favor of tighter monetary policy, than the political appointees who make up the central bank's Board of Governors, according to a Fed study published on Friday.» Read More
Bryan Jordan, First Horizon chairman & CEO discusses the turnaround in banks, and the outlook for the regional banker, with Mad Money's Jim Cramer.
The head of Royal Bank of Scotland’s embattled investment bank is in line to receive a special bonus this year of more than $6.1 million, an award that will be contentious given the government’s vow to crack down on excessive executive pay, the FT 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.
Are regulations or lackluster earnings stalling small banks consolidation? CNBC's Mary Thompson has the details.
The “Mad Money” host says “there’s no room at the inn” for these two groups in 2012.
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.
How are regional banks thriving in an uncertain economy? Dick Evans, Cullen/Frost Bankers chairman & CEO, counts the ways.
Hudson City Bancorp shares are down 59% this year. Is more pain ahead for the company? David Darst, Guggenheim Securities, discusses.
The debt situation on either side of the Atlantic is unlikely to improve for some time, but the United States remains the key engine for growth in the world, albeit hampered by political partisanship, while Europe will continue to suffer because of lack of liquidity in the banking system, Anthony Fry, UK Chairman of Espirito Santo Investment Bank told CNBC.
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.
ABN Amro, the Dutch bank that has seen two of its three post-crisis owners collapse, is on a mission to re-emerge as a force in the sector and has promised to be a buyer of euro zone financial assets that capital-stretched banks are preparing to sell, the FT reports.
Banks are just too tough to own in this environment, says Mad Money's Jim Cramer, but not all banks are created equal, and BB&T is pretty darned good. Discussing regional banks, and the outlook for his company, with Kelly King, BB&T CEO.
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.
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.
"I've no regrets." Federico Ghizzoni, chief executive of UniCredit, told the FT after his first year in the top job at Italy's largest bank by assets.
The CEO of BNY Mellon, the nation's sixth-largest bank, is stepping down due to disagreements over how to run the company. The current president was named as the new CEO.
The Fast Money traders weigh in on a trade on Joy Global; Tony Wible, Janney Montgomery Scott provides insight on Netflix's new payment plans, and CNBC's Jon Fortt has the details on Facebook's music service announcement.
The boss of Credit Agricole, France’s number three bank, is confident despite what he describes huge “market irrationality.”
Market turmoil in Europe and the U.S. may have made financial institutions in Asia—particularly China—even more attractive sources of credit for Latin American banks.
The idea that Paulson needed a crisis in order to solve a bigger crisis could be seen by some as a post-game rationalization by the former official, but it raises some interesting questions for German Chancellor Angela Merkel and Europe's ongoing sovereign debt crisis.