• Policing Wall Street     Wednesday, 16 Jul 2014 | 2:50 PM ET

    David Nelson, Belpointe Asset Management chief strategist, explains why he has a problem with the way the justice system is policing the finance world.

  • WASHINGTON, July 16- The U.S. economy continued to expand in recent weeks, with manufacturing activity widening and employers in several parts of the country reporting difficulties finding skilled workers, the Federal Reserve said on Wednesday.

  • WASHINGTON, July 16- The U.S. consumer finance watchdog on Wednesday proposed publishing on its website individuals' stories about bad experiences with credit cards, student loans and other financial services, prompting quick pushback from banks.

  • WASHINGTON, July 16- Federal Reserve Chair Janet Yellen defended the central bank's independence on Wednesday at a U.S. congressional hearing, handling tough questions from Republican lawmakers who want to rein in the Fed's authority.

  • *Gold steady after biggest 2- day loss since Oct, down 3.3 pct. LONDON, July 16- Gold steadied around 1,300 an ounce on Wednesday as investors found value after two days of losses, but was still trading near a four-week low on a stronger dollar and fears the Federal Reserve could raise U.S. interest rates sooner than expected.

  • Bank of America offering $13B to resolve probe Wednesday, 16 Jul 2014 | 10:35 AM ET

    Bank of America has offered $13 billion to settle a probe into mortgage securities sold by the bank, the Wall Street Journal reported.

  • Italy banks ready for stress tests: Central banker Wednesday, 16 Jul 2014 | 10:04 AM ET
    Pedestrians pass an Intesa Sanpaolo SpA branch in Rome, Italy

    Italy’s banks are “quite well-prepared” for the upcoming European stress tests, the second-in-command at the central bank told CNBC.


  • Bank of America quarterly profit drops 43 percent Wednesday, 16 Jul 2014 | 9:30 AM ET

    Mortgage revenue fell and litigation costs increased for Bank of America in the second quarter.

  • Big banks crush earnings expectations. But how? Wednesday, 16 Jul 2014 | 6:00 AM ET
    JP Morgan Chase World Headquarters on Park Avenue in New York.

    For the first time in recent memory, Main Street borrowing and spending has been a bigger driver of earnings than Wall Street's trading.

  • Financials are still laggards: Pro     Wednesday, 16 Jul 2014 | 5:50 AM ET

    Christine Short, global markets intelligence director at S&P capital IQ, says that while banks have delivered "really impressive results" so far, the environment remains challenging.

  • Espirito Santo: 'Not a systemic situation'     Wednesday, 16 Jul 2014 | 4:20 AM ET

    Alberto Gallo, head of European macro credit research at RBS, discusses the financial difficulties the Espirito Santo family of companies is facing and says that it is not a systemic situation for Portugal.

  • ECB says euro lost ground as reserve currency last year Wednesday, 16 Jul 2014 | 6:00 AM ET

    FRANKFURT, July 16- The euro's share in global foreign exchange reserves fell further last year as central banks appeared to diversify their holdings but foreign investment into the euro zone rose, the European Central Bank said on Wednesday.

  • Portugal's bank woes just got more complicated Wednesday, 16 Jul 2014 | 5:28 AM ET
    Portugal Telecom logo

    The saga surrounding troubled lender Banco Espirito Santo has taken another twist, shedding more light on the strength of Portugal's banking sector.

  • *CIMB plans seen highly likely to push Maybank towards a deal. *Maybank expected to wait first to see if CIMB clinches RHB. CIMB Group Holdings' proposal to buy RHB Capital Bhd and Malaysia Building Society Bhd would make it the country's biggest bank by assets and give it an enviable lead in domestic loans.

  • JGBs dip on BOJ Kuroda's view on long-term rates Tuesday, 15 Jul 2014 | 10:25 PM ET

    TOKYO, July 16- Japanese government bond prices edged lower on Wednesday, weighed by Bank of Japan Governor Haruhiko Kuroda's remarks the previous day that the current level of long-term rates was low. The central bank could have sent a warning against an excessive fall in yields, "said a trader at a Japanese bank in Tokyo.

  • SINGAPORE, July 16- Gold retained two days of losses to trade near a four-week low on Wednesday, below $1,300 an ounce, on a stronger dollar and fears that the Federal Reserve could hike U.S. interest rates sooner than expected.

  • Individual weaknesses sparked BRICS bank: UBS     Tuesday, 15 Jul 2014 | 7:44 PM ET

    Jorge Mariscal, Regional CIO, Emerging Markets at UBS, says internal weaknesses among BRICS nations was likely the main catalyst for the creation of the new development bank.

  • The main challenge for BRICS success: China Tuesday, 15 Jul 2014 | 7:22 PM ET

    In negotiations to create the new BRICS development bank, the main challenge was not a lack of resources or commitment, but fellow partner China.

  • China developers at risk as trust funds dry up Tuesday, 15 Jul 2014 | 7:05 PM ET

    China's shadow banking firms slashed lending to property developers, potentially spelling trouble for the sector and the economy.

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