A number of tricks used by China's bankers will likely undercut any attempt to measure any change in lending stemming from the PBOC's rate cut.» Read More
Digging into Citigroup's strong earnings, and what its $7 billion settlement with the DOJ means for the bank, with David Katz, Matrix Asset Advisors CIO. Katz explains why he is focused on lower risk financials.
CNBC's Kayla Tausche reports on Citigroup's $7 billion payout to the Justice Department.
Citigroup reported $1.24 earnings per share in Q2, beating Wall Street's estimates. CNBC's Jim Cramer shares his analysis of the company's profits.
David Hilder, Drexel-Hamilton banking analyst, breaks down Citi's Q2 results, and weighs in on its $7 billion settlement with the U.S. government over shoddy mortgage-back securities.
Citigroup will pay $7 billion to settle a U.S. Justice Department investigation into subprime mortgages.
Earnings from some of the biggest U.S. tech companies will be in the spotlight this week, giving investors a chance to evaluate the sector's health.
Jim Sinegal, associate director of equity analysis at Morningstar, discusses Citigroup ahead of the bank's earnings and highlights that the group has "so many problems to deal with".
*Bank of Japan, China data feature this week. LONDON, July 14- The dollar edged up against the yen on Monday, though stayed well within recent ranges, as investors awaited Federal Reserve Chair Janet Yellen's congressional testimony for cues on the outlook for U.S. monetary policy.
*Bank of Japan, ZEW, China data, earnings feature this week.
Citigroup agreed to pay $7 billion to resolve an investigation into mortgage-backed securities they sold in the run-up to the 2008 financial crisis.
Financiers are grumbling that the U.S. is acting like an imperial power in punishing foreign banks for dealings beyond U.S. territory.
NEW YORK, July 13- Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.
LONDON/ HONG KONG, July 13- Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.
July 12- A debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than planned because of recent improvements in the U.S. job market, the Wall Street Journal reported.
JACKSON HOLE, Wyoming, July 11- U.S.
NEW YORK, July 11- Wells Fargo& Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.
NEW YORK, July 11- Major global equities markets edged higher and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
John Shrewsberry, Wells Fargo CFO, discusses the housing purchase market and how it impacts its mortgages business.
*Wells Fargo falls, more banks' earnings due next week. Shares of Wells Fargo& Co., down 0.5 percent at $51.54, were in the spotlight as the biggest U.S. mortgage lender was the first major U.S. bank to report earnings. Wells Fargo's results will be followed next week by earnings from Citigroup, Goldman Sachs, JPMorgan Chase and Bank of America.
CNBC's Dominic Chu outlines bank earnings to watch for in the coming weeks.
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