Keeping close watch on your credit can have a positive impact on your spending, love life and overall sense of self.
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.
The U.S. regional bank, which also plans to reorganize its branches and real estate assets and outsource some functions, said the restructuring actions are expected to cut costs by about $160 million by the end of 2018.. Dallas- based Comerica said profit fell to $103 million, or 58 cents per share, in the second quarter ended June 30, from $134 million, or 73 cents per...
It's not easy creating your own legacy when you're the heir to a famous banking empire, but Wee Teng Wen pulled it off with Lo & Behold.
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...
Kelly King, BB&T Chairman & CEO, talks about the company's earnings release and his strategy going forward.
Discussing regional banks versus big banks, with Robert Sarver, Western Alliance Bancorporation CEO.
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.
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.