Bank of America could see its shares climb 50 percent over the next three years, Barron's financial newspaper said on Sunday.» Read More
LONDON, April 9- Royal Bank of Scotland has agreed to pay 1.5 billion pounds to cancel an arrangement that gives the government priority over dividends, clearing an obstacle to the lender's eventual privatisation.
NEW YORK, April 9- The dollar dropped to more than two week-lows against the euro and Swiss franc on Wednesday after minutes of the latest Federal Reserve monetary policy meeting suggested that the U.S. central bank may not raise interest rates anytime soon.
A bitter turf war between China’s two most important financial regulators is hampering reform. The Financial Times reports.
NEW YORK, April 9- U.S. stocks jumped on Wednesday, with the three major indexes hitting session highs after the minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than previously expected.
CNBC's Rick Santelli reports the 10-year/5-year spread has steepened after the release of the FOMC minutes.
Credit and debit card fraud is a multibillion-dollar problem, but putting an exact figure on the cost is not that easy.
Discussing the Fed minutes, and the debate about whether Fed Chair Yellen is more hawkish or dovish, with Joseph Lavorgna, Deutsche Bank, and Robert Brusca, FAO Economics.
Some participants of the Federal Reserve were concerned the rise in a funds rate forecast could be "misconstrued as indicating a move by the committee" to tighter policy. CNBC's Steve Liesman reports the Fed minutes.
CNBC's Jon Fortt and CNBC contributor Natali Morris explain an exposed security flaw affecting most of the internet.
CNBC's Mary Thompson explores data from Javelin Strategy & Research that claims debit and credit card fraud in 2013 rose 4.6 percent in 2013, impacting 8 percent of U.S. consumers.
By Laura Noonan and Gianluca Semeraro. LONDON/ MILAN, April 9- The European Central Bank has dismissed the latest appeal by the region's biggest lenders for concessions, including easier deadlines, to make rigorous health checks of their industry less logistically onerous, sources told Reuters.
Michael Kennedy, clearXchange CEO & co-founder, discusses his company's P2P network that allows customers to send person-to-person payments easily and securely with only an email address or phone number.
LONDON/ MILAN, April 9- The European Central Bank has dismissed the latest appeal by the region's biggest lenders for concessions, including easier deadlines, to make rigorous health checks of their industry less logistically onerous, sources told Reuters.
That caused colossal losses for banks and tarnished securitisation, which has yet to recover in Europe with Nomura estimating the market now to be 650- 700 billion euros, half its pre-crisis size.
The U.S. banking industry has almost completely recovered from the global financial crisis, but Europe's banks are lagging, JPM's Jamie Dimon says.
Goldman Sachs Group Inc. is mulling the idea of shutting down its private stock-trading venue, Sigma X, according to the Wall Street Journal.
DUBAI, April 9- The second-in-line to the Saudi Arabian throne has denounced banks in the kingdom, saying they are contributing too little to society compared to what they take, Saudi media reported on Wednesday.
With Ukrainian and Western banks closing, Crimea's 2 million people have been forced to deal with a cash economy since Russia annexed the Black Sea peninsula last month- an illustration of the economic obstacles that might lie ahead for a contested region.
SHANGHAI, April 9- China shares ended at a new 7- week high on Wednesday, as certain tech stocks outperformed but profit-taking in banking shares weighed on index performance. Industrial Bank Co Ltd slid 0.6 percent, while China Minsheng Banking Corp Ltd and Ping An Bank Co Ltd shed 1.1 percent and 0.8 percent, respectively.
Dick Bove, Vice President of Equity Research at Rafferty Capital, describes three negative consequences that may arise after U.S. regulators voted for tougher rules on banks.
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