Sector: Banks

Indonesia's central bank is set to limit the maximum stake a single shareholder can take in the country's banks to below 50 percent, a move that could scupper Singapore-based DBS Group's $7.3 billion bid for Bank Danamon.

In the first quarter, the industry reported its highest quarterly earnings since the first half of 2007, but signs remain that it is having trouble fully recovering from the financial crisis.

The funding crisis for mainland Chinese property developers is intensifying, ratings agencies say, with real-estate builders facing spiking borrowing costs and a limited ability to raise cash at a time when sales and economic growth are slowing.

With Greece’s membership in the euro zone teetering, fears of bank insolvency rising and Europe’s leaders bickering about what to do, the euro crisis is once again intensifying and threatening to undermine fragile growth globally. The NYT reports.

The head of the SEC told lawmakers on Tuesday that her agency is probing JPMorgan's financial reporting and emphasized that big banks are required to publicly disclose changes to the models they use to measure risk.

South Korea’s President Lee Myung-bak says Greece needs to accept the terms of a $130 billion international bailout agreed in March and there will be no disbursement of money from the International Monetary Fund (IMF), unless the country does so.

Months after the first invitations were mailed, only a small percentage of eligible borrowers have accepted a chance to have their foreclosure cases checked for errors and maybe win restitution. USA Today reports.

Britain's Barclays said it is to sell all of its $6.1 billion stake in U.S. asset manager BlackRock which it has held for almost three years.

Trans-Atlantic tension in JPMorgan Chase’s chief investment office in 2010 and 2011 contributed to the unit’s giant losing trades in 2012, current and former bankers said, The New York Times reports.

A federal investigation into JPMorgan Chase’s multibillion-dollar trading loss widened Friday as regulators pursued a new line of inquiry. The NYT reports.

Australia and New Zealand Banking Group's chief executive said European funding markets were "essentially closed" because of turmoil in Europe, while Asia and U.S. markets were open, clarifying his earlier comments on the closure of credit markets. 

Jim Rogers, the chairman of Rogers Holdings, says he expects more turmoil in the global financial markets after Asian stock markets on Friday fell close to four-month lows.

HSBC CEO Stuart Gulliver said in a strategy update on Thursday that Europe's biggest bank is still on track to meet his return on equity (RoE) target of above 12 percent.

The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses. The NYT reports.