China is making efforts to reform its debt-laden economy, but authorities could do even more, the IMF's First Deputy MD David Lipton says. » Read More
June 27- General Electric Co said it would sell a bulk of GE Capital's U.S. restaurant franchise loan portfolio to three regional banks in separate deals as the industrial conglomerate winds down its financing arm to reduce regulatory burden. GE said it had signed GE Capital deals worth about $180 billion so far and that GE Capital expects to deliver about $35...
Dick Bove, Rafferty Capital, discusses the Brexit effect on the U.S. banking industry.
Testifying before the Senate Banking Committee, Federal Reserve Chair Janet Yellen answers questions by Sen. Richard Shelby (R-Alabama) about the long-term effects of low interest rates, stress tests for regional banks and the consequences of a Brexit.
Discussing the challenges facing banks, and which names are a buy here, with Steve Massocca, Wedbush Equity Management, and Erik Oja, S&P Global Market Intelligence.
UniCredit Chief Executive Federico Ghizzoni is to step down in a move expected to lead to a broader shake-up of the group.
CNBC's Dominic Chu looks at whether the markets are ready for a potential rate hike in June from the Federal Reserve.
May 13- M&T Bank Corp, a large northeast U.S. regional bank, agreed to pay $64 million to settle civil charges it misled the government into insuring hundreds of risky mortgages, leading to substantial losses when the loans went into default. The accord was announced on Friday by the U.S. Department of Justice. "Mortgage lenders that fail to follow FHA program rules...
What "too big to fail" banks want to do is "glom onto our agenda," says Camden Fine, Independent Community Bankers of America president and CEO, responding to JPM CEO Jamie Dimon's assertion that large and small banks are allies not enemies.
May 3- Regional bank operator Comerica Inc said on Tuesday that Chief Financial Officer Karen Parkhill had resigned and would be replaced by General Auditor David Duprey, effective immediately. The news comes two weeks after the Dallas- based lender reported a 55 percent fall in quarterly net profit as its loan loss provisions increased by more than 10 times to...
"The low oil price environment continues to pressure our energy clients, which contributed to the increase in non-performing loans, our reserves and provision expense," William Rogers, chief executive of Atlanta- based SunTrust said on a post-earnings call on Friday. Dallas- based Comerica said this week its energy loans accounted for about 6 percent of its...
Kelly King, BB&T Chairman & CEO, talks about the company's earnings release and his strategy going forward.
April 18- Minneapolis Federal Reserve Bank President Neel Kashkari on Monday doubled down on his call for reforms to the U.S. banking system, saying that failing to make changes could leave taxpayers on the hook for big bank bailouts in any future financial crisis. His efforts have been applauded by some fellow policymakers, but Fed leaders in Washington and...
Discussing regional banks versus big banks, with Robert Sarver, Western Alliance Bancorporation CEO.
WASHINGTON, April 13- The U.S. economy continued to expand from late February to early April and low unemployment appears to be spurring an uptick in wage growth, the Federal Reserve said on Wednesday. Pay increased in all but one of the Fed's 12 regional bank districts and several reported signs of a pickup in wage growth, the U.S. central bank said in its Beige Book...
Anton Schutz, Mendon Capital Advisors President & CIO, talks about whether it's time to buy the banks ahead of big earnings releases this week, and he gives his picks in the sector.
NEW YORK, April 12- A Texas- sized selloff of companies based in the Lone Star State is helping one small-cap fund manager produce outsized returns. Hodges is prospering mainly by buying Texas- based homebuilders, banks and hotel chains whose shares were caught up in the deep selloff in early 2016 triggered by fears that oil prices would dip into the $20 range.
Italian banks may be rallying on Monday, but the sector has still to shake off the concerns over their hefty bad loan books.
CNBC's Bob Pisani looks at financial stocks ahead as they recover slightly ahead on next week's earnings releases.
Barclays senior analyst Jason Goldberg discusses the banking sector going into earnings season and why big banks are valuable.
Neel Kashkari, Federal Reserve Bank of Minneapolis President & CEO, discusses his position on breaking up the banks. Kashkari saying that now is the time to reflect on what we learned since the financial crisis of 2009.