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The Bank of Japan’s policy board says creditworthy commercial banks with overseas operations will be given access to subordinated loans of up to $3.5 billion in order to help weather economic storms.



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Japanese shares fall back from their highs and into negative terriotry as a steep cut to Sumitomo Mitsui’s earnings forecast pressures banks.



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When an investment company fires a fund manager, the typical pitch to shareholders is that they should stick around because better days must be ahead.



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Japan’s Sumitomo Mitsui Financial Group says it could issue as much as $8 billion in new equity, and expects to post a loss for the recent fiscal year.



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Wells Fargo delivers a dose of good cheer, announcing that it expects to report record profits for the first quarter.



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Wells Fargo Corp.'s projected blowout quarter is helping to spur a banking rally, but the banking bulls should hold their breath -- Wells is hardly like the rest of U.S. banks.



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Wells Fargo & Co.’s early release of first-quarter results, which showed record profits, helped push up all financial stocks on Thursday.



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The Bank of England’s Monetary Policy Committee on Thursday left the central bank’s key lending rate unchanged at 0.5%, an all-time low.



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European shares notched gains on Thursday morning ahead of a four-day holiday weekend, with financials advancing amid potential asset sales at Barclays and ING.



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Faced with losses on their shareholding portfolios and rising corporate bankruptcies, analysts believe Japanese banks may have to downgrade their earnings forecasts and could see more challenging times ahead.



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