In a speech Thursday, Treasury Secretary Jacob J. Lew will make it clear that more measures may be needed to strengthen the global financial system.» Read More
Wal-Mart Stores will sell Twinkies in all of its domestic U.S. stores starting at midnight on July 14th—a day earlier than when Hostess snacks rolls out all its products.
"I think Wells Fargo reported a great quarter," said David Hilder, Drexel Hamilton analyst, providing perspective on the big bank's earnings beat, as shares slipped before the opening, following the news.
"For the life of me, I do not understand... why anyone would want to recreate the very companies that caused the past financial crisis," declared Dick Kovacevich, former chairman & CEO at Wells Fargo, sharing his views on breaking up big banks and the future of financial institutions.
Bart Chilton of the Commodities Futures Trading Commission explains why he is pushing for new regulation of banks doing business overseas.
Tax services provider H&R Block said it will sell its banking assets to a unit of Republic Bancorp as it looks to avoid a sharp rise in costs because of stricter banking rules.
MOSCOW, July 12- Russia's central bank signalled policy easing ahead on Friday and introduced a new mechanism for long-term bank funding to try and boost lending, while keeping interest rates on hold for now.
July 12- Bank of Nova Scotia withdrew its application to acquire a nearly 20 percent stake in Bank of Guangzhou on Friday after Chinese authorities decided against proceeding with the C $719 million deal. Bank of Guangzhou is primarily government-owned and is not publicly listed.
Anthony Polini, Raymond James analyst and managing director, breaks down the big bank's second quarter earnings and how to play it.
Christopher Whalen, Carrington Investment Services, provides perspective on pending bipartisan legislation that would separate traditional banking activity from riskier financial services. Also a look at how the financial sector will fare in the third quarter.
A flurry of activity in Washington this week has sparked trash talk among members of Congress from both sides of the aisle, reports CNBC's John Harwood.
MOSCOW, July 12- Russia's central bank kept key interest rates on hold on Friday and signalled policy easing ahead, warning in a statement of risks to economic growth while downplaying inflation concerns. Other central banks, such as the European Central Bank, have also moved to provide longer-term financing.
BEIJING, July 12- A broad measure of liquidity in the Chinese economy fell to its lowest in nearly a year in June as the central bank allowed a credit crunch to send short-term interest rates soaring in message to banks to reduce risky lending.
Richard Staite, U.S. banks analyst at Atlantic Equities, discusses JPMorgan and Wells Fargo ahead of quarterly results and explains why he prefers JPMorgan.
King Lip, CIO of Baker Avenue Asset Management is bullish on U.S. financials especially JP Morgan. David Kuo of the Motley Fool Singapore joins in the discussion.
Fed Chairman Ben Bernanke raised the prospect of a lower threshold for the jobless rate last month, but the message was lost in the din created when he said the central bank's policy-setting Federal Open Market Committee planned to halt the bond purchases by mid-2014- a comment that sent bond yields soaring.
Vasu Menon, Vice President of Wealth Management Singapore at OCBC Bank gives his reasons for being a long term bull on U.S markets.
SHANGHAI, July 12- China may scrap the official floor under banks lending rates as the first major step to liberalise its interest rate regime, the official China Securities Journal reported on Friday, as regulators signal for accelerated reforms to cope with distorted capital flows and slowing economic growth.
Cramer is getting nervous about the big financials. “They stopped going up with the rest of the market," he said.
Crime is starting to erode the valuation of once hot markets, CNBC's Maria Bartiromo observes.
Copper and gold prices also gained on the idea that continuing stimulus from the Fed and other central banks would support the global economy. Copper prices hit their highest level in nearly a month. Having Bernanke come out obviously worked, giving the market some stability, "said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey."