After the U.S. Fed announcement, the KBW Bank Index closed higher. TheStreet.com on the winners and losers.
Lakshmi Mittal is meeting with France's president over accusations of “lying” and “blackmail."
Some of Barclays’ biggest investors have urged Antony Jenkins, the bank’s new chief executive, to take an axe to its investment bank. The FT reports.
The financial industry should not go “overboard” in cutting costs in reaction to current market conditions, the chief executive of Goldman Sachs has warned, a day before the bank is poised to announce one of its smallest ever groups of new partners. The FT reports.
Remember the advert that went: “Can a bank really stand for something, can it balance its ambition with its conscience," as you saw images of raindrops falling on leaves, children flying kites and Indians playing with colors?
Japan’s big banks are unlikely to see a sustained rebound in earnings until risk appetite returns to global financial markets, one analyst told CNBC on Wednesday.
HSBC is to apologize to US lawmakers for failing to have appropriate controls in place to ensure it did not facilitate the financing of terrorism and other criminal activities, transgressions that analysts estimate may cost it up to $1 billion in fines.The FT reports.
There's plenty of uncertainty for stock market investors, making it hard to make asset allocations.
Six years ago, Wall Street and the City of London were consumed with “Goldman envy”. But that seems to be changing. The FT reports.
Moves by Australian banks to raise mortgage rates independently of the central bank did not change the impact of monetary policy, a top central banker said on Tuesday, dampening speculation of a cut to its official rate in response.
Headhunters say the recent lay-offs in Asia’s banking industry are just the beginning and expect there will be far worse to come, predicting the total size of the sector in the region could shrink by more than 20 percent. The FT reports.
There is no shortage of companies waiting to go public in 2012, but whether they succeed is highly uncertain and will depend on the health of the global economy and broader markets, say analysts.
The European debt crisis, which has pummeled global markets and is taking a heavy toll on its banks, is threatening to spill over into the Asian banking sector as the region’s lenders calculate their own exposure to the crisis — direct or otherwise. The FT reports.
China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.
U.S. banking stocks followed the broad decline in Wall Street's Tuesday session on renewed uncertainty over Greece's debt deal. Despite the pessimism, some analysts believe the sell-off in American financials has been overdone and it is time to start buying into the sector.
As their student enrollments in the United States continue to shrink, some for-profit schools are hoping to find growth opportunities in other countries.
The sputtering initial public offering market may never again be as robust as it once was because there's much more incentive for the owners of growing, young companies to sell out than to go public, suggests one study.
As volatile markets and economic uncertainty keep investors on edge, companies are folding their plans to go public in record numbers.
Even as financial shares on Wall Street have slumped as much as 40 percent in the past year, the investment community remains divided about whether now is a buy or still a sell for the lenders..
As Americans struggle to pay off underwater mortgages and student loan debt, some experts say simple changes to bankruptcy law could provide many with financial relief and potentially help the economy.