NEW YORK— CIT Group's second-quarter profit slipped as net finance margins fell and the bank incurred higher costs. The commercial lender earned $115.3 million, or 66 cents per share, for the period ended June 30. The average estimate of eight analysts surveyed by Zacks Investment Research was for slightly higher earnings of 68 cents per share.» Read More
Analysts think a prolonged decline in oil prices could hurt loan growth of regional banks, reports CNBC's Mary Thompson.
Forget Wall Street. Regional banks are getting bigger through acquisitions, making them the best stock bet in the financial sector.
Some investors are wondering whether it's time to invest in financial stocks. The answer depends on who you ask.
Matthew Phan, Analyst on Asia-Pacific Banks at Creditsights, compares the earnings of Singaporean bank UOB with its peer DBS.
On the four-year anniversary of Dodd-Frank, perhaps there is a lesson big banks can learn from smaller, regional banks, says Dan O'Donnell.
CNBC's Bob Pisani reports on the market's open, and explains healthy action in the regional banking space, but pinpoints their biggest single problem.
Banks looking to get in on a booming market for financing new-car sales have run into a formidable competitor: the auto manufacturers themselves.
The independent banks Wal-Mart houses inside its stores pay some of the highest bank fees, according to a report.
Russell Goldsmith, Chairman & CEO of City National Bank, shares his thoughts on how banking regulations are impacting regional banks. Neel Kashkari, (R-Calif.) gubernatorial candidate, weighs in.
Matt Flake, Q2 Holdings CEO, explains how his cloud-based banking platform allows community banks to compete with the big banks online.
Big banks may be gaining in their share of overall deposits, but they're not new customers. CNBC's Sharon Epperson reports on a new survey that finds about one in four big bank customers say they're considering switching banks in the coming year.
CNBC's Rick Santelli and Frank Keating, American Bankers Association president & CEO, discuss the pros and cons of rising interest rates for banks and the future of community banks.
Andy Xie, Independent Economist, says that China is showing some resolve in reigning in its credit bubble.
Fed Governor Jeremy Stein told economists that financial firms outside of traditional banking are less stable because they rely less on cash deposits.
As Beijing allows local governments to refinance debt by issuing bonds, Viktor Shvets, Head of Strategy Research, Asia at Macquarie, says capital markets are now responsible for solving a banking crisis.
Sharnie Wong, Asia Banks Analyst at Barclays, expects tapering to hit margins of Hong Kong and Singapore banks, so she advises to position defensively in lenders with strong deposit franchises.
According to Barclays, a reduction of the Fed's QE program could start earlier than expected, which could hit profit margins, loan growth and asset quality in Asian lenders. CNBC's Adam Bakhtiar reports.
CNBC's Sri Jegarajah reports on the latest developments from Europe after finance ministers failed to reach an agreement on a banking union. David Mann of Standard Chartered weighs in.
William Rogers, SunTrust Banks chairman & CEO, provides insight into whether the Volcker Rule will impact his regional bank.
Russell Goldsmith, City National Bank chairman & CEO, explains how tapering is a sign the U.S. economy is improving, and weighs in on how the Volcker Rule will likely impact banks.