Chris Skinner, CEO of Balatro and director of the Financial Services Club, says bad banking culture has changed but there is still "a long way" to go.» Read More
The Fed and the SEC also brought civil charges against three former managers at the company's Regions Bank unit: Thomas Neely Jr, once a senior commercial credit executive; Jeffrey Kuehr, who led a problem loan workout department; and Michael Willoughby, who was chief credit officer.
France and Switzerland agreed to cooperate to crack down on citizens with hidden Swiss bank accounts to root out tax dodgers and cheats.
NEW YORK, June 25- The U.S. dollar slid to a one-month low against a basket of major currencies on Wednesday after weak U.S. gross domestic product and durable goods orders data signalled the likelihood of a continued dovish stance from the Federal Reserve.
New York AG Eric Schneiderman will file a securities fraud lawsuit against Barclays for its use of "dark pools" on Wednesday.
This year it rejected plans by Citigroup to buy back $6.4 billion of shares and boost dividends, and also objected to plans from the U.S. units of three European banks: HSBC, RBS and Santander.
SHANGHAI/ HONG KONG/ SYDNEY, June 26- A warehouse fraud at China's third-largest port has forced banks and trading houses to consider new controls in the country's massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.
HALLE, Germany, June 25- Germany's top central banker has warned the European Central Bank against buying securitised debt, saying that such a move could turn it into the bad bank of Europe.
The regulator overseeing U.S. national banks warned that lenders are increasingly taking on more risk in the search of profits.
U.S. SENATE BANKING COMMITTEE APPROVES NOMINATION OF JULIAN CASTRO TO BE HUD SECRETARY, CLEARING WAY FOR FINAL SENATE VOTE.
HARARE, June 25- A series of Zimbabwean-owned banks are struggling to stay above water as loan defaults grow, forcing lenders to turn to foreign investors if they can and undermining President Robert Mugabe's black economic empowerment drive.
London’s reputation as a leading financial hub has been hit, but some argue that financial technology could be its saving grace.
*Cash bolsters Deutsche Bank capital base, fund revamp. FRANKFURT, June 25- Deutsche Bank successfully completed an 8.5 billion euro capital increase aimed at fortifying its regulatory ratios and paying for restructuring at Germany's biggest lender.
Former Gov. Haley Barbour, (R-Miss.), shares his thoughts on the upcoming elections and which issues should top the Republican agenda.
We can either export our goods or we're going to end up exporting our jobs, says former Gov. Haley Barbour, (R-Miss.), defending the need to retain the Export-Import Bank.
CNBC's Eamon Javers reports the House is holding a hearing on Wednesday to determine whether to re-authorize the Ex-Im Bank amid kickback allegations.
BEIJING, June 25- More Chinese bankers believe the economy is cooling in the second quarter than earlier in the year and demand for loans has weakened, according to a central bank survey published on Wednesday. Business confidence in China cooled in the second quarter compared with the first quarter, according to the People's Bank of China.
BEIJING, June 25- More Chinese bankers believe the economy is cooling in the second quarter than earlier in the year and demand for loans has weakened, according to a central bank survey published on Wednesday.
HONG KONG, June 25- The index of Chinese companies listed in Hong Kong edged down to a one-month closing low on Wednesday, weighed down by China banks and insurers, while the benchmark index remained tepid. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong shed 0.7 percent at 10180.05 points, its lowest since May 27.
Cyrus Daruwala, Managing Director at Asia Pacific IDC Financial Insights, says Singaporean lenders are faced with a "mammoth task" to meet new liquidity rules by January 2015.
David Marshall, Senior Analyst at CreditSights, discusses comments from Industrial and Commercial Bank of China's chairman that shadow banking supports economic activity.
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