Post-election committee leadership changes and growing momentum behind bipartisan fixes may lead to tweaks to the 2010 Dodd-Frank law for the smallest community banks, larger firms such as PNC Financial Services of Pittsburgh and Regions Financial of Birmingham, Alabama, and insurers, lobbyists and congressional staffers said.» Read More
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.
Paul Gambles, Managing Partner at MBMG International believes Europe's banks will need to raise more capital than expected.
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.
Peter Esho, Chief Market Analyst at City Index, recommends going long on CBA and short on NAB over the next few weeks.
John Wadle, Head of Regional Banks Research at Mirae Asset Securities, explains why Asia-focused lender Standard Chartered may actually benefit from the turmoil in Europe.
"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.
Lorraine Tan, Vice President at Standard & Poor's Equity Research, likes Asian banks that are well managed on the capital front, along with energy & port operators.
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.
Although the entire banking sector is taking it on the chin, there may be investment opportunities in financials. Jeffery Harte, Sandler O'Neill weighs in.
CNBC's Mary Thompson reports on the health of regional banks.
CNBC's Mary Thompson has the details on the health of community banking in America.
Discussing the risks and rewards of acquiring HSBC branches, with John Koelmel, First Niagara president/CEO.