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RBS pay stance tough

RBS branch sign

U.K. Prime Minister David Cameron said he will seek to bring down the level of compensation per person at Royal Bank of Scotland, hardening his stance on pay at the state-owned lender.

Jamie Dimon says

Jamie Fonzie Dimon

CNBC's Andrew Ross Sorkin Sits Down with Jamie Dimon, JPMorgan Chase Chairman & CEO.

Biggest risk for 2014? Bank stress tests

Stress Test

European bank stress tests are one of the world's biggest risks going into 2014, Huw van Steenis, head of European financial services research at Morgan Stanley, has told CNBC.

World's largest bank won't make good investors

Pile Of Coins

The chairman of the Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, said Thursday that it would not compensate investors for losses related to a fund product it marketed to them.




World Bank issues 'perfect storm' warning for 2016

The risk of the global economy being battered by a “perfect storm” in 2016 has been highlighted by the World Bank in a flagship report that warns that a synchronised slowdown in the biggest emerging markets could be intensified by a fresh bout of financial turmoil.