Should big banks jack up fees, Rep. Barney Frank, (D-Mass.), told CNBC Friday that he would urge bank customers to shop around and find community banks and credit unions that offer services for free.
High consumer demand for broadband and mobile networks would offset any loss of margins for telecommunications equipment maker Ericsson caused, potentially, by AT&T's purchase of Deutsche Telekom T-Mobile USA, Ericsson’s CEO Hans Vestberg told CNBC Wednesday.
Heavy-machinery company Deere still sees itself doubling in size over the next eight years, due in large part to construction and agriculture in Asia, the corporation’s CEO, Samuel Allen, told CNBC Tuesday.
Responding to criticism that the newly formed Consumer Protection Financial Bureau (CPFB) is too powerful, its head, Elizabeth Warren, told CNBC Tuesday that it’s the “most constrained of all federal agencies.”
Credit quality and earnings are strengthening, meaning the banking sector is on the upswing, FDIC Chairman Sheila Bair said Tuesday.
In spite of gloomy news about housing coming from virtually all directions, a new survey reveals that 70 percent of Americans would advise friends and family to buy a house, Thomas Wilson, CEO and chairman of the insurance company Allstate Corporation, told CNBC Friday.
Business and consumer confidence, the result of an improved attitude toward business coming from the Obama administration, will result in good growth here in the US. Stephen Schwarzman, CEO and co-founder of the Blackstone Group, told CNBC Friday.