Finance Banks


  • TOKYO, Feb 10- The Bank of Japan said on Wednesday it would expand its bond lending scheme to reduce possible shortages of government bonds in the market, which could be exacerbated by the central bank's new policy to introduce negative interest rates. The BOJ said it will increase the amount of JGBs it can lend to brokers and banks to one trillion yen per each issue,...

  • LONDON, Feb 10- The dollar languished close to a 3-1/ 2- month low against a basket of major currencies on Wednesday, as traders waited for U.S. interest rate guidance from Federal Reserve Chair Janet Yellen. Worries over sliding commodity prices, a slowing China and the health of European banks have also dampened dollar demand in favour of safe-haven assets such...

  • WASHINGTON— Federal Reserve Chair Janet Yellen will address Congress on Wednesday at a time of deepening uncertainty about the Fed's interest rate policies. After testifying to the House Financial Services Committee on Wednesday, Yellen will address the Senate Banking Committee on Thursday. There is less certainty now than when the Fed raised its target...

  • MOSCOW, Feb 10- Turkish business conglomerate Fiba Group has put up for sale its Russian mid-sized lender Credit Europe Bank, two banking sources told Reuters, against a backdrop of a diplomatic row between Moscow and Ankara that shows no sign of abating. Turkey and Russia have been at loggerheads since Turkey downed a Russian warplane in late November that...

  • TOKYO, Feb 10- Asian stocks dipped early on Wednesday amid growing concerns about the health of the global banking sector, particularly in Europe, while the safe-haven yen stood near a 15- month high versus the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent. Japan's Nikkei, which sank more than 5 percent Tuesday, extended...

  • *Abenomics rally has come to an end- analyst. TOKYO, Feb 10- Japan's Nikkei share average fell more than 2 percent to its lowest level since October 2014 on Wednesday as worries about the health of global banks persisted. It had dropped to as low as 15,626.04 earlier, a level not seen since Oct. 30, 2014.

  • The rout in oil prices since 2014 has hurt banks that made loans to oil and gas companies across the United States. At a conference on Tuesday ahead of the downgrade, senior executives at Comerica Inc estimated it would need to set aside an additional $75 million to $125 million in loan-loss reserves over the course of a year if oil prices remain at $30 per barrel.

  • Commonwealth Bank of Australia, the country's top mortgage lender, posted H1 cash profit of $3.4B, in line with expectations.

  • 'Banks are no longer allowed to take risks'

    Banks' significant headwinds will only reduce their appetites to extend loans and hurt economic growth, says Axel Merk from Merk Investments.

  • TOKYO, Feb 10- The dollar nursed losses around 3-1/ 2- month lows on Wednesday, pressured by the specter of a global economic slowdown as European banks struggled to fend off growing doubts over their health and as oil prices slipped back. Many traders suspect those troubles will prevent the Federal Reserve from raising interest rates in the near future and look...

  • TOKYO, Feb 10- Asian stocks dipped early on Wednesday amid smouldering banking sector concerns, particularly banks in Europe, while the safe-haven yen stood atop large gains made overnight. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2 percent. The decline was limited after Wall Street shares cut most of their losses overnight and...

  • Credit Suisse branch in Geneva, Switzerland.

    It's been a rough start to the year for financials, but some analysts remain optimistic on the sector.

  • Feb 9- Standard and Poor's Ratings Services has cut its credit ratings by one notch on four U.S. regional banks with large energy portfolios, citing a deterioration in the banks' asset quality over the past year. The regional U.S. banks are expected to have a rise in loan losses over the next two years, even if energy prices rebound modestly from current levels, the...

  • Buy the banks?! Here's why: Pro

    Larry McDonald, Societe Generale, weighs in on comments made by Deutsche Bank CEO as he disputed financial stability worries and states his bet on banks.

  • Deutsche Bank co-Chairman John Cryan

    Deutsche Bank is considering buying back billions of euros of its debt, in efforts to stop the tumbling value of its securities.

  • Stress tests will include negative rate scenario: Sources

    The Federal Reserve is telling banks to prepare for the possibility of negative interest rates, yet the scenario in stress tests is not a forecast, reports CNBC’s Jeff Cox.

  • Albertson: Overreaction in US banks

    Discussing some of the troubles pressuring big bank stocks, is Robert Albertson, Sandler O'Neill principal. The 20 percent correction in U.S. banks since December cannot be explained by global economic issues concerning investors, explains Albertson.

  • Feb 9- As interest rates turn negative around the world and Federal Reserve Chair Janet Yellen prepares to testify before Congress on Wednesday, investors are wondering how the Fed will respond and how far it could go. Some investors believe that should market conditions worsen, the Fed will be forced to join central bankers in Japan, the euro zone and others in...

  • Regional banks risky, but here's why to own: Analyst

    Paul Miller, FBR Capital, weighs in on regional banks, and how their exposure to the energy sector worries investors.

  • Bank pros highlight opportunities in pressured sector

    Erin Davis, Morningstar; Chris Wheeler, Atlantic Equities; give their perspective on international and U.S. banks.

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