Mastercard's stock purchase highlights one of the main drivers of the stock rally in the last few years.» Read More
Elizabeth Warren, (D-MA), defends the 21st Century Glass-Steagall Act, her bill designed to rein in too-big-to-fail banks.
"I think Wells Fargo reported a great quarter," said David Hilder, Drexel Hamilton analyst, providing perspective on the big bank's earnings beat, as shares slipped before the opening, following the news.
"For the life of me, I do not understand... why anyone would want to recreate the very companies that caused the past financial crisis," declared Dick Kovacevich, former chairman & CEO at Wells Fargo, sharing his views on breaking up big banks and the future of financial institutions.
Bart Chilton of the Commodities Futures Trading Commission explains why he is pushing for new regulation of banks doing business overseas.
MOSCOW, July 12- Russia's central bank signalled policy easing ahead on Friday and introduced a new mechanism for long-term bank funding to try and boost lending, while keeping interest rates on hold for now.
July 12- Bank of Nova Scotia withdrew its application to acquire a nearly 20 percent stake in Bank of Guangzhou on Friday after Chinese authorities decided against proceeding with the C $719 million deal. Bank of Guangzhou is primarily government-owned and is not publicly listed.
Some of the names on the move ahead of the open.
JPMorgan reported a 31 percent rise in quarterly profit as trading revenue rebounded and the biggest U.S. bank by assets avoided another "London Whale" derivatives loss.
Christopher Whalen, Carrington Investment Services, provides perspective on pending bipartisan legislation that would separate traditional banking activity from riskier financial services. Also a look at how the financial sector will fare in the third quarter.
MOSCOW, July 12- Russia's central bank kept key interest rates on hold on Friday and signalled policy easing ahead, warning in a statement of risks to economic growth while downplaying inflation concerns. Other central banks, such as the European Central Bank, have also moved to provide longer-term financing.
BEIJING, July 12- A broad measure of liquidity in the Chinese economy fell to its lowest in nearly a year in June as the central bank allowed a credit crunch to send short-term interest rates soaring in message to banks to reduce risky lending.
King Lip, CIO of Baker Avenue Asset Management is bullish on U.S. financials especially JP Morgan. David Kuo of the Motley Fool Singapore joins in the discussion.
Fed Chairman Ben Bernanke raised the prospect of a lower threshold for the jobless rate last month, but the message was lost in the din created when he said the central bank's policy-setting Federal Open Market Committee planned to halt the bond purchases by mid-2014- a comment that sent bond yields soaring.
Vasu Menon, Vice President of Wealth Management Singapore at OCBC Bank gives his reasons for being a long term bull on U.S markets.
SHANGHAI, July 12- China may scrap the official floor under banks lending rates as the first major step to liberalise its interest rate regime, the official China Securities Journal reported on Friday, as regulators signal for accelerated reforms to cope with distorted capital flows and slowing economic growth.
You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
CNBC's Brian Sullivan reports on RadioShack's statement in response to speculation of bankruptcy.
The Fast Money traders share their final trades of the day.
"Fast Money's" Guy Adami discusses whether he is still bearish on Restoration Hardware; and how to play gold, Electronic Arts and other stocks requested on Twitter now.
TJX Companies has rallied 23 percent this year, and investors keep flocking to Lockheed Martin. Hold these stocks, or fold 'em?