Settlements for the JPMorgan Chase and Madoff case could possibly involve roughly $2 billion in penalties and a rare criminal action. The NYT reports.» Read More
*ECB overshadowed by Sept. 17-18 Fed meeting. FRANKFURT, Sept 3- European Central Bank chief Mario Draghi will battle to talk down market interest rates on Thursday but a fledgling euro zone recovery and a looming U.S. "I don't think they'll be discussing a rate cut," said Andrew Bosomworth, a senior portfolio manager at Pimco, the world's largest bond fund.
LONDON, Sept 3- The euro fell to a 1-1/ 2 month low against a buoyant dollar on Tuesday, weighed by expectations that the European Central Bank will reiterate its pledge to keep interest rates low to support a nascent recovery.
Helia Ebrahimi, CNBC's UK business editor takes a look at Lloyds banking group and how easy it will be for the government to sell.
Olly Burrows, senior banks analyst at Rabobank, tells CNBC that Lloyds has always been a safe bet and they are doing remarkably well.
Banks face being hit with a new set of international capital rules aimed at forcing bondholders rather than taxpayers to bail out failing institutions. The Financial Times reports.
More needs to be done to combat the banking sector's "too big to fail" problem, which still poses a risk to global finance and the economy, according to the Financial Stability Board.
The Seychelles islands in the Indian Ocean, better known for their pristine beaches and crystal clear waters, are the most indebted nation in the world, according to a new report released on Monday.
How do you make money in these markets? Here is what some of the experts have been saying to CNBC.
*Possibly gesture toward G20 summit in Russia this week. *Longer term, yuan supported by China's improving economy.
Banks are increasingly rolling out new fees for what was once at the core of the banking experience: interacting with a teller.
As more people bank online, banks have been experimenting with charges for "premium services," which now include seeing a bank teller, reports CNBC's Kayla Tausche. Neil Weinberg, American Banker editor-in-chief, provides perspective.
Want to do business at your bank in person? CNBC's Kayla Tausche reports it could cost you.
TORONTO, Aug 30- Laurentian Bank of Canada, the country's seventh-largest bank by assets, reported a 6 percent fall in quarterly profit on Friday as higher operating and integration costs stemming from recent acquisitions offset higher revenue.
Morgan Stanley plans to delay upgrading to BlackBerry's latest smartphones and operating system due to concerns that it might not back its platform long-term.
WASHINGTON/ BERN, Aug 30- The United States and Switzerland have struck a deal to allow some Swiss banks to pay fines to avoid or defer prosecution over tax evasion by their U.S. customers, moving closer towards ending a long-running dispute.
*But Chinese banks cheapest in Asia on P/E basis- data. SHANGHAI/ HONG KONG, Aug 29- China's top four banks posted better-than-expected quarterly profits this week, even as their stock market valuations remain the lowest in Asia, highlighting how pessimism about slowing Chinese economic growth is overshadowing resilient profitability in the sector.
An internal exam of JPMorgan's hiring practices in Asia is looking at the employment of about 200 people for possible instances of illegal nepotism, a source said.
NEW YORK, Aug 29- Two former employees of a New York broker-dealer pleaded guilty on Thursday to conspiring to pay kickbacks to Venezuelan state banking officials, as U.S. prosecutors moved to broaden their case.
Shares of TD rose today after reporting better than expected earnings. Ed Clark, CEO and president of TD Bank, discusses talks of merging branches to cut costs. "TD is putting a number of new branches in NYC, and we set a target by 2016 that we'll be the number 3 bank there" he says.
Royal Bank of Canada is up 1 percent today after increasing its dividend by 6 percent. CEO Gordon Nixon joins to discuss a successful Q3 and what is next for the Canadian bank.