Visa and MasterCard, the world's largest credit card companies, ended their support of Crimean banks following U.S.-imposed sanctions.» Read More
The New York attorney general’s office is expected to announce that Capital One has agreed to change its use of the largest database, ChexSystems.
Half of the firms in the global asset management industry will be gone by 2030, consultants KPMG said in a report.
Banks looking to get in on a booming market for financing new-car sales have run into a formidable competitor: the auto manufacturers themselves.
The recent probe into commodities-backed financing will make institutions more wary about providing such loans to Chinese firms, says Michael Langford, CEO of Fractaux.
It is an interesting time for banks. CNBC's Jeff Cox discusses the developments on the weakness in trading for bank firms like JPMorgan.
The bank's CFO said that JPMorgan could cut compensation for investment banking employees if it continues to post lower revenue.
Egypt's economy is suffering from record unemployment and one of the highest budget deficits in the region. Hisham Ezz Al-Arab, chairman of Commercial International Bank (CIB), lays out the country's challenges.
Hisham Ezz Al-Arab, CIB chairman responds to the recent hype around Islamic finance, and looks back at the first few weeks of Egypt's uprising in 2011.
Today CIB is Egypt's largest private sector bank with over 5,400 employees. In an exclusive interview with CNBC, the bank's chairman, Hisham Ezz Al-Arab, explains how he is keeping the bank profitable.
South Korea's central bank held interest rates steady for a 13th consecutive month on Thursday.
British finance minister George Osborne will reject European Union plans to outlaw currency market manipulation on Thursday.
Austria’s finance minister admitted he could not understand the reasoning behind Standard and Poor's' warning about the country’s banks.
Stocks are calm, but investors need to be vigilant against complacency because it can lead to upheaval in the market, Goldman Sachs CEO tells CNBC.
The bank made its final multibillion-dollar settlement offer, but it was said to be short of what the Justice Department wants it to pay.
It is "not normal" that both sides of the Atlantic do not have the same set of rules, says Jean-Claude Trichet, former ECB president, commenting on the BNP Paribas fine.
This bank's "sins" are 6 to 8 years old and the good things are all coming, value investor Bill Smead tells CNBC.
Steven Lewis, global banking and capital markets lead analyst at EY, comments on banking in emerging markets and says there is "huge opportunity for growth", as well as challenges.
Rather than China's latest reserve requirement cut for certain banks satisfying market calls for easing, it has instead spurred calls for more.
Bernardo Mingrone, CFO and deputy CEO of Banca Monte dei Paschi di Siena, discusses the recent rights issue and its technical problems and explains why he's "optimistic" the bank will pass the stress tests.
Carlo Alberto Carnevale-Maffe, professor of strategic management at SDA Bocconi University, says Monte De Paschi's rights issue might not be successful and could lead to a shareholder reshuffle.
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