The investors said Citigroup looked askance at the loans' "abysmal performance."» Read More
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.
Banks are just too tough to own in this environment, says Mad Money's Jim Cramer, but not all banks are created equal, and BB&T is pretty darned good. Discussing regional banks, and the outlook for his company, with Kelly King, BB&T CEO.
Goldman Sachs, once Wall Street’s highest flier, has been grounded, and it does not bode well for the rest of the financial industry or the New York City economy that depends on it, the New York Times reports.
Since August the market has been very volatile. Huge market swings for stocks added to a sense of crisis as investors fretted over Greek default, the global banking system and a slowdown in the US economy.
"I've no regrets." Federico Ghizzoni, chief executive of UniCredit, told the FT after his first year in the top job at Italy's largest bank by assets.
The CEO of BNY Mellon, the nation's sixth-largest bank, is stepping down due to disagreements over how to run the company. The current president was named as the new CEO.
The Fast Money traders weigh in on a trade on Joy Global; Tony Wible, Janney Montgomery Scott provides insight on Netflix's new payment plans, and CNBC's Jon Fortt has the details on Facebook's music service announcement.
The boss of Credit Agricole, France’s number three bank, is confident despite what he describes huge “market irrationality.”
Market turmoil in Europe and the U.S. may have made financial institutions in Asia—particularly China—even more attractive sources of credit for Latin American banks.
The idea that Paulson needed a crisis in order to solve a bigger crisis could be seen by some as a post-game rationalization by the former official, but it raises some interesting questions for German Chancellor Angela Merkel and Europe's ongoing sovereign debt crisis.
CNBC's Mary Thompson reports on the growing power of regional banks, and a look at profitable Canadian banks, with John Taft, RBC U.S. Wealth Management CEO.
With the XLF exchange traded fund making a series of lower highs, the Fast traders weigh in on what it means and where they would put their money.
Distressed corporate debt represents an excellent opportunity for investors as political and economic uncertainty rattles global bond markets and small and medium sized businesses struggle to raise capital, Jon Macintosh, manager at closed-ended investment company Acencia Debt Strategies told CNBC.
New capital requirements proposed by global regulators demanding that the biggest banks hold extra capital by 2019 will bring about a new recession, Rochdale's vice-president for equity research Dick Bove wrote in a weekend market note.
Discussing what the new financial regulations will mean for regional banks, with Brian Foran, Nomura Securities and CNBC's Kayla Tausche.
To find out, Cramer interview this financial institution's CEO.
In Ireland the Irish Times columnist Morgan Kelly has caused a stir by suggesting that his country needs to break free of the terms of its bailout from the European Union and the International Monetary Fund if it is to thrive as a nation.
Investors would do well to start preparing themselves for rising inflation in the U.S., and the best way to do that is to invest in U.S. banks, according to Michael Yoshikami, CEO and Founder of YCMNET Advisors.