Former hedge fund manager Raoul Pal predicts several big European banks could be on the verge of bankruptcy.
2016 is proving a difficult year for European banks, as the industry grapples with nonperforming loans, rocky markets, increasing regulation and EM volatility.
European equities closed sharply lower on Thursday, as a raft of weak earnings offset positive sentiment surrounding the rebound in oil prices.
European stocks finished sharply higher on Thursday, as investors cheered the latest European Central Bank news.
Barclays will cut about 230 jobs and exit cash equities in Asia, as part of a broader retrenchment, the FT reports.
The "Fast Money" traders give their final trades of the day.
Analysts, mutual-fund managers and other forecasters are telling investors to expect lower returns from stocks and bonds in 2016 than in past years.
Wondering how you will fare financially in 2016? Here are what experts think next year will hold for financial matters close to home.
European equities finished higher on Tuesday, boosted by positive trade overseas and a bounce back in oil prices.
Deutsche Bank is to sell its stake in the Chinese lender for up to €3.7B in an effort to strengthen its balance sheet, the FT reports.
Seven of the biggest investment banks operating in London paid little or no tax in Britain last year.
Deutsche Bank has identified up to $4 billion in suspicious transactions relating to its Russian operations, a Bloomberg report said on Tuesday.
JPMorgan Chase, U.S. Bancorp and PNC joined Wells Fargo in raising the prime rate.
European markets held onto gains on Wednesday ahead of a widely-expected interest rate rise by the U.S. Federal Reserve.
Citigroup plans to keep its bonus pool for traders and bankers unchanged from last year, Bloomberg reported, citing people familiar with the matter.
A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.
Deutsche Bank's new co-chief executive John Cryan doesn't understand how bonuses will make bank employees work harder, the FT reports.
U.S. stock futures were under pressure this morning, after Wall Street posted its best week of the year.
The bank hopes the system will free customers from passwords and allow it to lift limits on mobile transactions, the Financial Times reports.
The last Fed meeting minutes were pretty convincing for Deutsche Bank, which decided to join the consensus expecting an interest rate hike in December.