Swedish bank Swedbank said on Tuesday Chief Executive Michael Wolf was stepping down with immediate effect.» Read More
Chinese banks are alarmed by a rising number of defaults among jewelry manufacturers, prompting them to review new gold lending more carefully.
SAN FRANCISCO, Nov 10- Neel Kashkari, who as a top U.S. Kashkari, who also ran a failed bid for California governor in 2014 and was previously an executive at Goldman Sachs and at bond fund Pimco, will take over from current chief Narayana Kocherlakota on Jan. 1. Named in People Magazine's "sexiest men alive" issue in 2008, Kashkari ran the government's $700 billion...
TOKYO, Nov 10- Japan's $2.6 trillion regional banking industry faces more pressure to consolidate under a government proposal to free one of its biggest rivals, state-controlled Japan Post Bank, to compete harder for deposits. The government is considering raising the deposit limit at the newly listed Japan Post Bank Co by up to half, people involved in the...
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.
Financial stocks are surging, thanks to the Fed's signals it is raising rates and recommendations by major Wall Street research shops.
Kelly King, BB&T chairman & CEO, discusses the banking giant's plans for expansion, and the overall health of lending and small business.
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.
Ben Willis, Princeton Securities Group, talks about the concern for US stock market investors, interest rates, and why to look at regional banks.