The investors said Citigroup looked askance at the loans' "abysmal performance."» Read More
When KeyCorp said on Friday that it agreed to buy First Niagara Financial Group, shares of both banks dropped fell, with KeyCorp dropping 7 percent and First Niagara slipping nearly 1 percent. When New York Community Bancorp agreed to buy Astoria Financial Inc, the acquirer's shares fell 12 percent, and Astoria's shares fell 7.7 percent. After the KeyCorp and New...
RBS had spun off Citizens Financial Group in 2014, and recently announced it sold the reminder of its shares. Bruce Van Saun, Citizens Financial Group Chairman & CEO, weighs in.
KeyCorp on Friday announced plans to buy First Niagara Financial in a deal the company valued at $4.1 billion.
Lending growth at Australia's major banks is easing as the broader economy cools following the end of a mining investment boom.
Big banks could face headwinds from fixed income trading and weak underwriting revenues in the third quarter, Barclays analyst Jason Goldberg says.
Dick Bove, Rafferty Capital, provides a preview of this week's earnings for both regional and big banks.
Kelly King, BB&T chairman & CEO, and former Wells Fargo CEO Dick Kovacevich discuss whether regulations are driving consolidation in banking.
Kelly King, BB&T chairman & CEO, discusses the three areas of banking that will likely change in the future. And former Wells Fargo CEO Dick Kovacevich weighs in.
*Japan Post Bank unit is country's biggest deposit taker. TOKYO, Sept 9- Listing Japan Post Holdings Co and two units, the world's biggest initial public offering this year, will not just reap a windfall for public coffers but help Japan's government pursue an unstated aim: to shake up smaller regional banks that have resisted pressure to consolidate.
The "Halftime Report" traders tackle what's on the watch list for the second half.
Data from the FDIC show that America’s smaller banks have been suffering for decades both in falling numbers and a declining share of total assets.
WASHINGTON, June 29- The U.S. Justice Department said on Friday it reached a resolution with the Swiss regional bank Ersparniskasse Schaffhausen AG on possible tax-related criminal offenses. According to terms of the agreement, EKS will cooperate in any related criminal or civil proceedings, show implementation of controls to stop misconduct and pay...
TOKYO, June 23- Lawmakers from Japan's ruling Liberal Democratic Party have proposed tripling deposit limits on Japan Post's banking unit to 30 million yen per account, as the state-owned group prepares to go public later this year. Similarly, even Japan Post President Taizo Nishimuro is skeptical, people familiar with the matter said, as the bank struggles to...
Financial stocks are surging, thanks to the Fed's signals it is raising rates and recommendations by major Wall Street research shops.
June 8- The Federal Reserve Bank of Minneapolis on Monday launched a search for a "strategic thought leader" to replace current president Narayana Kocherlakota, who is returning to academia after years of failing to persuade colleagues in the U.S. central bank to support more accommodative monetary policy. Kocherlakota, a university professor before...
Kelly King, BB&T chairman & CEO, discusses the banking giant's plans for expansion, and the overall health of lending and small business.
WASHINGTON, June 1- First Tennessee Bank agreed to pay $212.5 million to resolve a case involving Federal Housing Administration- insured mortgage lending, the U.S. Justice Department said on Monday. Benjamin Mizer of the Justice Department's Civil Division said First Tennessee's "reckless underwriting has resulted in significant losses of federal funds...
Nordea CEO, Christian Clausen, says the lender is offering one of the highest dividend yields across European banks and will increase its pay-outs to shareholders this year.
Bank stocks will move as interest rates rise, but how so is a complex question. Here are 9 keys to bank-stock profits as the Fed acts.
Gerard Cassidy, RBC Capital Markets, shares his thoughts on the implications of the Fed's stress test for banks and why he would buy a big bank stock versus a regional bank.