Two leading investment banks are looking to move into P2P lending, underlining the race to embrace of technology by even established financial institutions. The Financial Times reports.» Read More
I believe the sun, moon and stars are lining up, says JPMorgan CEO Jamie Dimon providing an outlook on business. But we need immigration and tax reform, Dimon added, sharing his thoughts on the economy, banking and Janet Yellen. A strong economy makes it easier for tapering which is a good thing, says Dimon.
Jamie Dimon, JPMorgan chairman & CEO, shares his thoughts on the digital currency and whether he could ever imagine incorporating it into his business.
JPMorgan Chairman & CEO Jamie Dimon discusses his firm's legal problems and asks that his entire company not be judged because something went wrong. Also Dimon shares his political views, the outlook on the economy, immigration reform, the future of his company and global growth prospects for Europe and Asia.
Santander Consumer USA raised $1.8 billion from an IPO amid a recovery in U.S. car sales and strong interest in high-yielding loans. The FT reports.
Christian Meissner, head of global corporate and investment banking at Bank of America Merrill Lynch, says that U.S.-exposed banks are benefiting from the U.S.'s better underlying environment but that Europe remains a "long-term game."
Herman Gref, CEO at Sberbank, says there are a lot of concerns about the slowdown of the Russian economy but the country is a "gift to foreign investors."
Andrey Kostin, president and chairman of the management board at VTB Group, explains that Russia is "moving in the right direction", just not as fast as most would like.
Tim Adams, president and CEO of Institute of International Finance, says there have been "monumental" changes in the banking sector and European banks are still behind the U.S.
The Reserve Bank of India should make inflation its main objective and set monetary policy by committee, a central bank panel has recommended.
Due to financial regulations, big banks are changing their rule on "deposit advances," loans against upcoming paychecks. CNBC's Kayla Tausche reports on the policy shift.
Wells Fargo has banned its employees from loaning their own money on peer-to-peer lending platforms. CNBC's Kayla Tausche explains the risks involved with the lending strategy.
CNBC's Kayla Tausche reports on how advance deposit works for 4 big banks including Wells Fargo. Also, how peer-to-peer lending rules changed at Wells Fargo.
The winners from the fourth quarter are underdogs, companies that have for years been cleaning up messes. Find out who they are.
Monsignor Nunzio Scarano, now on trial for an alleged plot to smuggle 20 million euros, was charged with laundering millions through the Vatican bank.
China's push to reform shadow banking is set for its first big test as a high-yield trust investment product appears set to default.
Nick Xanders, head of European equity strategy at BTIG, says investors should be "more cautious" on the European banking sector and Swiss banks are "probably the safest" at the moment.
Mark Littlewood, director general at the Institute of Economic Affairs, says that while the U.K. Labour Party leader is correct in highlighting the lack of competition in the retail banking sector, his solution would be "disastrous."
Ben Collett, Head of Asian Equities at Sunrise Brokers, explains why he doesn't mind taking the 3-4% losses while buying into any weakness in China.
Jim Antos, Bank Analyst at Mizuho Securities Asia, says slowing economic growth has resulted in decreasing bank deposits within China.
Deutsche Bank posted a surprise pre-tax loss of 1.153 billion euros for the fourth quarter.
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