Financials
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Scores of independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.
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Structured finance deals of a type last seen before the financial crisis are set to come back in 2013, according to market experts, signaling a return to the credit boom in 2004.
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The heads of France's top three banks said tougher laws to curb risky trading would put the country at a competitive disadvantage as it struggles with record unemployment and a grim economic outlook.
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Refinances dropped 10 percent this week, reports CNBC's Diana Olick. Mortgage bankers said the rate on the 30-year fixed moved up from 3.62 percent to 3.67 percent.
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CNBC's Mary Thompson reports Sigtarp's quarterly report says it is too early to tell if Dodd-Frank eliminates "too big to fail," and that financial firms remain too interconnected.
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A bankruptcy court will soon review a proposal that would return 93 percent of MF Global's missing money, and another proposal could plug the remaining shortfall for U.S. customers, sources said. The NYT reports.
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The heads of France's top three banks will face questions on Wednesday from a parliamentary committee looking into proposed reforms designed to curb risky trading and beef up regulatory oversight.
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The policy of quantitative easing pursued by the Bank of England since 2008 has hurt the nation's savers and any further stimulus would have marginal benefits, according to evidence heard by U.K. policymakers.
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The CEO of Swedish banking group Swedbank told CNBC on Wednesday that a sustained economic recovery remained elusive, with corporate and private customers reluctant to borrow.
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Monte dei Paschi's risk control unit and its own internal audit team were alarmed about the department responsible for a series of opaque structured finance deals at the troubled bank as long ago as November 2009, bank documents show.
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The European commissioner in charge of regulatory reform of the region's banks has signaled a retreat from plans to force lenders to build barriers around their securities trading operations, as policy makers focus on stimulating growth. The Financial Times reports.
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The wealthy have for centuries stashed their gold in Swiss vaults. But Swiss bankers are now reluctant to accept the world's bullion in the same old way, as they seek to reduce the size of their balance sheets. The Financial Times reports.
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The bulls were banking on Regions Financial, with the stock near its 52-week highs.
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Activist investor Jana Partners has been calling for fertilizer producer Agrium to break up into separate wholesale and retail businesses. Michael Wilson, Agrium president and CEO, says his company's stock is up and it has "nothing to do with Jana."
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Italy's troubled Monte dei Paschi bank said on Monday it had no evidence of bribery in a 2007 takeover now under scrutiny over alleged corruption, but acknowledged accounting irregularities over derivatives deals under previous management.
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Royal Bank of Scotland Group is close to a 500 million pounds ($785.32 million) settlement with U.S. and British authorities over claims that some of its employees submitted false Libor rates, the Wall Street Journal reported, citing people briefed on the negotiations.
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George Osborne is braced for a new political backlash over bank bonuses, as state-controlled Royal Bank of Scotland prepares to pay as much as 250 million pounds to staff at an investment banking division heavily implicated in the Libor-rigging scandal. The FT reports.
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IPOs have been hot in 2013. With 7 new IPOs all higher for the year, what's not to like, right?
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India's central bank is widely expected to make a modest cut in interest rates later on Tuesday to support an economy set for its slowest growth in a decade, with a deeper cut unlikely due worries over the fiscal and external deficits and inflation.
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SIGTARP is criticizing the Treasury's Office of the Special Master for approving pay plans at AIG, GM & Ally, reports CNBC's Mary Thompson.
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The Federal Reserve is set to release its stress test results for big banks on March 7th, reports CNBC's Bob Pisani.
Banks
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Daniel Harden, Senior Commercial Dealer at Global Reach Partners says the euro zone looks healthier as banks have stopped borrowing emergency funds and have started paying back their loans.
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Nicholas Ferres, Investment Director, Global Asset Allocation at Eastspring Investments discusses his calls in the European market.
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Independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.