The Federal Deposit Insurance Corp. said Friday that it has taken over Highland Community Bank, which operated two branches. United Fidelity Bank, based in Evansville, Indiana, agreed to assume all of Highland Community Bank's deposits and to buy essentially of the failed bank's assets. The failure of Highland Community Bank is expected to cost the federal...» Read More
Robert Zoellick, Distinguished Visiting Fellow at the Peterson Institute for International Economics explains why he thinks Japan needs to invest heavily in structural reforms.
Helen Zhu, Chief China Equity Strategist at Goldman Sachs, says although China's reform agenda remains unclear, Li Keqiang's urbanization plan will be the key driver of economic growth for the next 5 to 10 years.
Lord John McFall, former labour minister and chair of the Commons Treasury Select Committee, says the "financial architecture" is not to blame for the crisis but the lack of "engagement" and "judgment" by individuals is.
Richard Gibbs, global head of economic research and chief economist at Macquarie Bank, says the Japanese government needs to encourage capital spending and reform its labor market and taxes.
"Lightning doesn't strike the short trees," former analyst Jack Grubman tells CNBC in his first TV interview since his settlement with the SEC in 2003.
Martin Schulz, president of the European parliament, rejects the idea that implementing tougher bonus limits will reduce European banks' competitiveness.
Harris Georgiades, Cyprus finance minister, comments on Cypriot reforms, discussions with Russia, capital controls and why he expects the first installment of the bailout shortly.
Antonio Fatas, Professor of Economics at INSEAD says a lot of the political debates in Europe have gone away little by little. He says it is time to find ways to bring growth back to Europe's economy.
Richard Ward, CEO of Lloyd's, highlights that the European Union is very important to the U.K's financial sector but that some of its planned regulations could hurt.
Edward Pinto, resident fellow at American Entreprise Institute, discusses how the U.S. mortgage lending business should be reformed following strong profits from Fannie Mae.
Greg Medcraft, Chairman of the International Organization of Securities Commissions, explains why the issue for financial systems is not about more regulation, but about appropriate regulation.
Robert Pickel, CEO of the International Swaps and Derivatives Association, delves into the complexities of setting global standards for the derivatives market.
Martin Schulz, senior economist at Fujitsu Research Institute, tells CNBC that many Japanese business leaders remain skeptical over prime minister Abe's motives for reform.
Thousands of U.K. financial sector workers risk being frozen out of the industry unless they pass mandatory tests measuring their personal ethics and integrity.
China's financial reform campaign has indeed chalked up considerable victories, but it appears more time will be needed before additional and necessary reform measures take root. The Caixin 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.
Jiong Shao, Regional Head of Internet & Chief China Strategist at Macquarie tells China investors which industries and sectors they should put their money in.
Andrew Leung, Founder of Andrew Leung International Consultants discusses what's in store for China now that the NPC has come to a close.
Scott Darling, Head of Oil & Gas Sector Research at Barclays gives his top picks in China's oil & gas sector and warns that the nation's shale gas revolution might be running late by almost a decade.
Thanos Papasavvas, strategist, fixed income and currencies at Investec Asset Management, tells CNBC that the period before the September elections in Germany is crucial for European leaders to push Germany into taking a more dovish stance on EU reforms as she tries to win over supporters of her main challenger in the elections. The opposition SPD places a greater emphasis on growth than Merkel who has stressed the need for austerity.