The Federal Deposit Insurance Corp. said Friday that it has taken over NBRS Financial Bank of Rising Sun, Maryland. Howard Bank of Ellicott City, Maryland, has agreed to pay the FDIC a premium of 1.19 percent to assume all of the failed bank's deposits. Depositors of NBRS Financial will automatically become depositors of Howard Bank, the FDIC said.» Read More
Paul Krake, Founder, View from the Peak: Macro Strategies warns of a credit crisis in China. He says the composition of growth is skewed and reforms aren't taking place quickly enough.
Christian Meissner, head of global corporate and investment banking at Bank of America Merrill Lynch, tells CNBC that regulatory certainty in Europe benefits the banking sector.
Anthony Jenkins, CEO of Barclays, speaks to CNBC about job cuts, broad changes in the financial services sector and imposing a new code of conduct on the bank.
Jim Walker, Founder and CEO, Asianomics says the new Basel III regulations may give banks more breathing room, but won't result in a much-needed shrinking of balance sheets.
Helen Zhu, Chief China Equity Strategist, Goldman Sachs is upbeat on China's A-share market in 2013. She expects economic reforms to gain traction in the mainland this year.
Francis Lun, Managing Director, Lyncean Holdings said he expects Beijing to take action to support the Chinese market next year.
Jahangir Aziz, Chief India Economist, JP Morgan says a compromise on the land acquisition bill and the national goods and services tax will be key for a real economic boost.
The looming "fiscal cliff" is a bigger problem for business than consumers, Bank of America CEO's told CNBC Friday.
Patricia Jackson, Head of Financial Regulatory Advice for Europe, Middle East, India and Africa, Ernst & Young says there is currently a conflict between the need for growth through increased bank lending and the need for stability in the sector.
Toby Lawson, Head of Financial Futures & Options and Cash Equities, at Newedge Asia Pacific explains the reforms China has undertaken to develop its futures market. He says full liberalization of the yuan is essential for more progress.
Jinny Yan, economist at Standard Chartered, tells CNBC the expected and desired result of China's new leadership is a reform agenda that will drive consumption growth.
CNBC's Gary Kaminsky talks about the cost to business of implementing health care and tax reform, with Peter Baum, Essex Manufacturing Inc. CFO & COO.
CNBC's Rick Santelli weighs in on "rising above" the nation's fiscal problems and implementing "real" tax reform.
Julian Callow, chief international economist at Barclays, tells CNBC he is hopeful the outcome of the presidential election will end uncertainty in the market..
One of France's most high-profile business figures has released a report which could be the wake-up call many believe France’s economy needs – or could end up gathering dust on an Elysee shelf.
Greece’s economy, in its fifth year of recession, is showing “tentative signs” of stabilization despite on-going political uncertainty, according to the latest research note from Credit Suisse. The bank pointed to increased industrial production and exports, as well as an improvement in competitiveness that is “well under way,” but also warned of the growing social cost.
The managing director of private equity giant Carlyle Group says ending too big to fail is a debate the market needs to have.
So the inventor of the financial superstore has finally turned against his creation.
Ever noticed how breakfast cereal tends to cluster together when the milk is added? There's a lesson in there for how to handle the global economic crisis.
Diane Lin, Fund Manager at Pengana Capital discusses China's move to expand its foreign investment quota.