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
Rep. Shelley Moore Capito, (R-WV), discusses how higher capital requirements are stifling lending and hurting small banks.
Lower rates don’t make that much difference anymore, and in between bouts of market volatility, investors can actually get back to stock picking, Dinakar Singh, founder and CEO of TPG-Axon Capital, told CNBC’s “Squawk Box” on Monday.
Dinakar Singh, TPG-Axon Capital CEO, discusses the best way to trade financials after the banking crisis.
CNBC's Mary Thompson reports on whether banks are the best way to play the comeback in the U.S. economy, with the Fast Money traders.
A closer look at a regional bank that has been thriving in the Midwest, with Stephen Steinour, Huntington Bancshares, president/CEO.
Bryan Jordan, First Horizon National CEO, discusses today's downgrade by Morgan Stanley and the outlook for his regional bank, with Mad Money's Jim Cramer.
The Fast Money crew with the trade on financials, after Warren Buffett's optimistic comments on banks, especially Wells Fargo.
The Swiss Competition Commission said Friday it has launched an investigation into possible cartel behavior by a dozen banks including the country's two biggest institutions UBS and Credit Suisse.
Herbert Hoover, you were right. That is the consensus of all right-thinking people on UK fiscal policy, writes Martin Wolf in the FT.
Bryan Jordan, First Horizon chairman & CEO discusses the turnaround in banks, and the outlook for the regional banker, with Mad Money's Jim Cramer.
The head of Royal Bank of Scotland’s embattled investment bank is in line to receive a special bonus this year of more than $6.1 million, an award that will be contentious given the government’s vow to crack down on excessive executive pay, the FT reports.
As many as 10,000 bankers at Royal Bank of Scotland face the prospect of losing their jobs, as the state-owned UK bank draws up detailed plans to retreat from investment banking, the FT reports.
Are regulations or lackluster earnings stalling small banks consolidation? CNBC's Mary Thompson has the details.
The “Mad Money” host says “there’s no room at the inn” for these two groups in 2012.
The Fast Money traders weigh in on shares of Bank of America falling below its support level, and the trade on financials. Also a preview of Jeffries earnings, with Douglas Sipkin, Ticonderoga Securities analyst.
How are regional banks thriving in an uncertain economy? Dick Evans, Cullen/Frost Bankers chairman & CEO, counts the ways.
Hudson City Bancorp shares are down 59% this year. Is more pain ahead for the company? David Darst, Guggenheim Securities, discusses.
The debt situation on either side of the Atlantic is unlikely to improve for some time, but the United States remains the key engine for growth in the world, albeit hampered by political partisanship, while Europe will continue to suffer because of lack of liquidity in the banking system, Anthony Fry, UK Chairman of Espirito Santo Investment Bank told CNBC.
China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.
ABN Amro, the Dutch bank that has seen two of its three post-crisis owners collapse, is on a mission to re-emerge as a force in the sector and has promised to be a buyer of euro zone financial assets that capital-stretched banks are preparing to sell, the FT reports.