Discussing loan growth in financials and the drag of litigation on Bank of America's earnings, with Gerard Cassidy, RBC Capital Markets lead banking analyst.» Read More
The "Squawk on the Street" news team share their views on the big bank's earnings and outlook.
Cash bonuses at RBS will be limited to £2,000 next year, Britain's Prime Minister David Cameron told Parliament.
David Hilder, Drexel Hamilton analyst, breaks down the big bank's fourth quarter earnings. The investment bank and capital markets business is performing very well, says Hamilton.
A U.S. Senate is set to grill regulators on plans to address the risks of banks' involvement in physical commodities markets.
*Dec new loans 482.5 bln yuan vs f'cast 600 bln yuan. BEIJING, Jan 15- China's new bank lending slowed more than expected in December and broad money supply growth also eased, highlighting the policy tightrope the central bank must walk as it tries to contain risky debt levels without braking the economy too hard.
BEIJING, Jan 15- China's new bank lending slowed more than expected in December while growth of broad money supply also eased, suggesting the central bank's efforts to tap the brakes on credit expansion to contain debt levels is gaining traction.
NEW YORK/ WASHINGTON, Jan 14- The U.S. The Fed "expect to engage in additional rulemaking in this area," according to prepared remarks of Michael Gibson, the Fed's director of bank supervision and regulation, to a U.S. Senate banking committee hearing on Wednesday.
NEW YORK, Jan 14- In a case with wide implications for the global banking industry, New York's highest state court has been asked to decide if banks operating in the state can be forced to turn over to litigants assets held in their foreign branches.
NEW YORK, Jan 14- The Federal Reserve on Tuesday laid out the breadth of its review of physical commodity trading on Wall Street, showing that no aspect of the business was beyond its scrutiny. Over the years, Goldman Sachs, Morgan Stanley, JPMorgan Chase and other banks have used a range of legal means to keep multibillion-dollar commodity franchises.
Cheap valuations and solid management make the financials sector Bill Nygren's top pick.
DALLAS/ PHILADELPHIA, Jan 14- The Federal Reserve should bring its bond-buying program to a swift close, according to two of its most hawkish policymakers who take up voting power this year, with Dallas Fed chief Richard Fisher vowing to use his vote to support cuts to the program even if stocks, now near record highs, take a tumble.
The Mortgage Bankers Association lowered its 2014 forecast for originations by $57 billion. CNBC's Diana Olick looks into the year-over-year decline in mortgage lending rates.
*Fed buys $1.39 bln bonds due 2038-23. NEW YORK, Jan 14- U.S. Charles Plosser, president of the Philadelphia Fed, and Dallas Fed chief Richard Fisher, who spoke separately on Tuesday, are both considered policy hawks.
NEW YORK/ WASHINGTON, Jan 14- The U.S. In a 19- page document that included two dozen questions, the Fed offered a host of reasons for imposing new restrictions in the interests of protecting the safety and soundness of the banking system, invoking incidents among which were BP's Deepwater Horizon disaster and last summer's oil-train tragedy in Quebec.
CNBC's Kate Kelly reports the Federal Reserve is raising questions about safety, and bank commodity holdings.
FEDERAL RESERVE VOTES TO FORMALLY SEEK COMMENT AS IT CONSIDERS RESTRICTIONS ON FINANCIAL FIRMS' PHYSICAL COMMODITY ACTIVITIES.
WASHINGTON, Jan 14- The U.S. Federal Reserve on Tuesday took a first formal step toward limiting the role of Wall Street banks in physical commodities markets, asking for public input on whether such activity endangers financial markets and whether additional capital requirements are necessary. The Fed is seeking comments through March 15.
Lawsuits, fines and regulatory hurdles will continue to hurt the bank's earnings, Dick Bove of Rafferty Capital told CNBC on Tuesday.
TORONTO, Jan 14- Canada's bank regulator will force the country's lenders to adopt a global leverage standard put in place by the Basel Committee on Banking Supervision, but will not follow the lead of the United States by requiring the banks to go above the Basel requirement.
*Spain exploring sale of up to 18 pct in Q1-sources. Bankia became a symbol of Spain's financial crisis after the huge losses it and other banks suffered due to a property market collapse forced the government to take 41.3 billion euros in European aid to rescue its weakest lenders. Spain owns 68.4 percent of Bankia through its bank restructuring fund.
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