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
The best way to play the resurgence of bank stocks is to stick with the regional plays, says Mad Money's Cramer. They're all "buys" on the strength of the turn in housing, and the rebound in commercial construction.
Discussing the burden of regulations on banks and the willingness of regional lenders to make loans, with John Walsh, Acting Comptroller of the Currency.
The largest bank deal of 2012 involves two small banks. Discussing the details of the $1.5 billion dollar deal and M&A activity, with Jimmy Dunne, Sandler O'Neill senior managing principal, and John Jordan, The Jordan Company.
The Fast Money crew with the trade on financials, after Warren Buffett's optimistic comments on banks, especially Wells Fargo.
Fed chief Ben Bernanke says community banks have strengthened despite the slow economic recovery. Caryn Feinberg, SecondMarket, and Frank Keating, American Bankers Association, discuss.
The Swiss Competition Commission said Friday it has launched an investigation into possible cartel behavior by a dozen banks including the country's two biggest institutions UBS and Credit Suisse.
Herbert Hoover, you were right. That is the consensus of all right-thinking people on UK fiscal policy, writes Martin Wolf in the FT.
First Niagara Bank is up 2% today - The northeastern bank posted record earnings results for 2011. John Koelmel, First Niagara Bank president & CEO, discusses.
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 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.
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.
CNBC's Mary Thompson weighs in on predictions for the banking industry, and why issues facing big banks next year won't impact smaller players.
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.