Kelly King, BB&T chairman and CEO, reacts to the role mortgage lending played in its weak quarterly report. King says the current yield curve reflects a slow economy.» Read More
This number is absolutely preposterous, says former federal and state prosecutor Jacob Frenkel, providing insight into the big bank's tentative $13 billion settlement with the government.
Retail banks care becoming increasingly concerned about being left behind by trends in social networking and mobile computing, according to a survey of the industry.
*Dollar index near 8- month low. TOKYO/ SINGAPORE, Oct 21- The dollar was mired near an 8- month low against a basket of currencies on Monday on growing expectations the U.S. The U.S. economy is losing steam and cannot withstand tapering, "said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank.
CNBC's Maria Bartiromo looks back on 2 decades of reporting on the financial markets with CNBC.
But for Morgan Stanley, "you have more good news to come," Mike Mayo of CLSA says.
"I see it as dead money," says Mike Mayo, analyst at CLSA, about JPMorgan. FMHR trader Pete Najarian says he totally disagrees.
CNBC's Mary Thompson speaks with Morgan Stanley CEO James Gorman, who discusses cutting risk, increasing flow business and putting aside reserves for potential litigation.
The European Central Bank will announce new details on its banking union project next week. Alberto Gallo of RBS says this will boost transparency across European banks. Peter Sorrentino, Huntington Asset Advisors, shares his views on the outlook for big banks.
Bank of America is considering a plan to introduce a checking account that curbs overdraft practices, according to a WSJ report.
Brennan Hawken, UBS director of equity research, provides his take on Morgan Stanley's Q3 earnings and turnaround plan. And Hawken weighs in on the headwinds facing other fixed income companies.
Morgan Stanley reported a 50 percent rise in revenue as higher income from equities sales and trading made up for a drop in fixed income.
Chris Kotowski, senior research analyst at Oppenheimer & Co, comments on U.S. banking earnings ahead of Morgan Stanley's results and says it's been a "weak quarter in trading".
The chairman of Spanish bank Banco Santander has told CNBC he is not concerned about the upcoming round of stress tests, arguing that Spain will "come out on top."
A unit of British bank HSBC was hit with a record $2.46 billion final judgment in a U.S. securities class action lawsuit on Thursday.
Vera Eve Lim, CFO-Director Bank Danamon Indonesia, says Indonesia's economic fundamentals helped the lender sustain positive growth amid high inflation and a weakening currency.
Japanese gangsters are poised for a credit crunch after the country's top banking lobby declared it would to cut them off. The Financial Times report.
Goldman Sachs has found a way to manipulate its internal market for lunch.
Investor complacency was dashed by political budge battles.
Roger Freeman, Barclays, and Anton Schutz, Mendon Capital Advisors provide insight on Goldman Sachs' Q3 earnings which beat estimates.
The Fed's Beige Book reports fierce competition for commercial and industrial loans. Concerns over credit standards rising.
Get the best of CNBC in your inbox