The Fast Money traders have their eyes on next week's earnings parade, and the FOMC minutes. Also, the outcome of a match-up between Bank of America and Honeywell. And, the final trades of the week.
The head of Cyprus's central bank has sought to deflect blame for the chaos that has engulfed the island's financial system but has promised a steady lifting of capital controls. The FT reports.
Will Danoff, whose $92 billion Fidelity Contrafund is the largest active shareholder in Apple, cut its stake in the company over the first two months of 2013.
Since the financial crisis, compensation for the directors of the nation’s biggest banks has continued to rise even as the banks themselves are reining in bonuses and pay. The New York Times reports.
Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.
Cyprus conceded on Thursday that tight capital controls would remain in force longer than expected as the island's banks reopened for the first time after the government was forced to accept a tough EU rescue package to avoid bankruptcy.
What did JPMorgan know about Bernie Madoff's activities? CNBC's Scott Cohn has the story. Jeffrey Sonnenfeld, Yale School of Management and Jessica Pressler, New York Magazine, discuss whether the coverage is worse than the actual problem.
Despite worries that bank contagion could spread throughout Europe in another banking crisis, the financial sector ETF has dropped only 1.5 percent over the past week and a half. However, the effect of Cyprus could certainly been seen in the credit market.
JPMorgan has found itself in the crosshairs of the Bernie Madoff scandal. CNBC's Scott Cohn reports the bank has been under suspicion in the Madoff case almost from the beginning.
Thirty-year-old Jason Fieber says he has saved $100,000 in three years even though his annual net income is $50,000. His goal: retire by age 40. USA Today reports.
JPMorgan Chase may be losing its pull in Washington while at least eight federal agencies investigate the nation's strongest bank, The New York Times reports.
American International Group is investing billions of dollars in "big data" as part of its major focus on "rebuilding the foundation of the company," CEO Robert Benmosche told CNBC.
U.K. banks will be need to raise an extra 25 billion pounds ($38 billion), the Bank of England's Financial Policy Committee (FPC) said on Wednesday, detailing the capital shortfall facing the country's financial institutions.
Strong mortgage originations have propped up bank earnings over the past several quarters, but the trend may have weakened in the first quarter, according to FBR Capital. TheStreet.com reports.