Financials

More

• JPMorgan Averts CEO/Chair Split, Bolstering Dimon Tuesday, 21 May 2013 | 12:03 PM ET

  

  A proposal to cleave the roles of chairman and CEO at banking giant JPMorgan Chase was defeated in a narrow shareholder vote on Tuesday.

• Financials in Focus: CFOs - Part 2  Tuesday, 21 May 2013 | 8:42 AM ET

  

  William Gerber, TD Ameritrade CFO; Tom Naratil, UBS CFO; and Timothy Sloan, Wells Fargo CFO, share their perspective on job creation and the economic recovery.

• Financials in Focus: CFOs - Part 1  Tuesday, 21 May 2013 | 8:33 AM ET

  

  William Gerber, TD Ameritrade CFO; Tom Naratil, UBS CFO and Timothy Sloan, Wells Fargo CFO, share their perspective on the impact of regulations on global banking competition.

• It's Back: Shadow Banking Hits Post-Crisis Highs Tuesday, 21 May 2013 | 7:26 AM ET

  

  What Warren Buffett once called "financial weapons of mass destruction" are firing again, with securitization and shadow banking at post-crisis highs.

• JPMorgan Vote Should Be 75%-25% for Dimon, Bove Says Tuesday, 21 May 2013 | 7:38 AM ET

  

  Ahead of the JPMorgan Chase shareholder vote Tuesday to split the chairman and CEO roles currently held by Jamie Dimon, banking analyst Richard Bove lauded Dimon's track record.

• Why Credit Crazy Brazil Is Heading for Trouble Tuesday, 21 May 2013 | 2:17 AM ET

  

  Brazil faced a minor bank run over the weekend, but one analyst told CNBC the real issue facing the country's banking system is a runaway credit boom.

• Fisher vs. Gregg on How to End 'Too Big to Fail' Monday, 20 May 2013 | 2:25 PM ET

  

  Dallas Fed President Richard Fisher and former Sen. Judd Gregg rail on CNBC against keeping taxpayers on the hook for the banks, but disagree on how to end the problem.

• Market and the Economy: What the Fed Is Missing Monday, 20 May 2013 | 10:57 AM ET

  

  Whatever course it chooses, the Fed will have to grapple with the reality that while its policies have helped stocks, they've been less effective at growing the economy.

• Health Insurance Evolution Becomes a Revolution Wednesday, 15 May 2013 | 8:01 PM ET

  

  Health insurance was already evolving before the Affordable Care Act. But this year the law's sweeping changes will reshape how you get health care.

• What's Leading Markets to New Heights?  Monday, 20 May 2013 | 8:30 AM ET

  

  Thomas Lee, Chief U.S. Equity Strategist at JPMorgan, discusses whether the markets have room to run, and explains why he believes the tech, health care and financials sectors are cheap now.

• Goldman to Exit ICBC With $1.1 Billion Sale: IFR Monday, 20 May 2013 | 7:07 AM ET

  

  Goldman Sachs is selling about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, the world's biggest bank.

• Six Weeks Key to Deciding Detroit's Bankruptcy Fate Sunday, 19 May 2013 | 5:24 PM ET

  

  There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.

• Wall Street Bonuses, Staff Levels to Rise in 2013 Friday, 17 May 2013 | 3:23 PM ET

  

  Wall Street bonuses and staff levels are expected to rise again in 2013, according to a closely watched report released on Friday by a compensation consultancy Johnson Associates.

• Adult Entertainer? No Loan for You... Friday, 17 May 2013 | 10:48 AM ET

  

  Adult movie star Chanel Preston knows not everyone approves of her chosen profession, but she never thought it would affect her ability to open a bank account.

• Moller-Maersk CEO: No Need for New Capacity Friday, 17 May 2013 | 3:50 AM ET

  

  The chief executive of the world's largest container shipping company Moeller-Maersk told CNBC that the company would not order any new ships this year and it had idled 28 vessels around the world this year.

• STMicro CEO Cautious Despite Strong Demand Friday, 17 May 2013 | 2:42 AM ET

  

  The chief executive of European chipmaker STMicroelectronics told CNBC that the company had to be careful as it winds down a loss-making venture with telecoms operator Ericsson.

• Ex-Goldman Partner Recovers From Bankruptcy, Coma Friday, 17 May 2013 | 2:06 AM ET

  

  Fred Eckert is a onetime Goldman Sachs partner whose business and wealth came crashing down in the turmoil of the financial crisis. Today Mr. Eckert is trying to start a new money management business.

• JC Penney Reports Bigger Loss Than Expected Thursday, 16 May 2013 | 5:58 PM ET

  

  J.C. Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."

• Citi Bans Trader Chatter on Bloomberg Terminals Thursday, 16 May 2013 | 11:51 AM ET

  

  Citigroup is banning some traders from accessing internal chat groups on their Bloomberg terminals, in the latest sign of concern by banks over online security issues.

• Splitting Dimon's Roles 'Misguided': Ex-Director Thursday, 16 May 2013 | 10:00 AM ET

  

  It's "nonsensical" to split the role of chairman and CEO at JPMorgan Chase when Jamie Dimon has had such a strong track record, former board member Lawrence Bossidy tells CNBC.