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Finance Banks

  • NEW YORK, July 26- U.S. stocks climbed modestly on Wednesday to record closing highs after the Federal Reserve kept interest rates unchanged and strong earnings reports from Boeing and AT&T. The U.S. central bank's statement did not dramatically sway Wall Street's major indexes, which hit all-time peaks on a busy day of corporate earnings reports.

  • TORONTO, July 26- Canada's main stock index closed lower on Wednesday, as financial stocks fell in late trade after the Federal Reserve was seen as striking a more dovish tone, while gold miners rallied as the precious metal hit a six-week high.

  • NEW YORK, July 26- The Dow industrials, S&P 500 and the Nasdaq Composite notched record closing highs on Wednesday after the Federal Reserve kept interest rates unchanged and on strong earnings reports from Boeing and AT&T.

  • WASHINGTON, July 26- The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy. After pushing rates nearly to zero to fight the 2007-2009 financial crisis and recession, the Fed pumped over $3 trillion into the economy in a...

  • Amazon's global reach benefits credit card issuers like Citigroup, Michael Corbat argues.

  • LINZ, Austria, July 26- The European Central Bank could reduce asset purchases from the start of next year but should not completely stop bond buys, Austrian central bank governor Ewald Nowotny said on Wednesday, adding that policymakers needs a flexible, careful plan. With economic growth picking up strength and the threat of deflation gone, the ECB has room to...

  • NEW YORK, July 26- U.S. stocks added slightly to gains on Wednesday after the Federal Reserve kept interest rates unchanged and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy. The U.S. central bank's statement did not dramatically sway Wall Street's major indexes, which hit record...

  • *Dollar dips after Fed statement. *U.S. companies report more upbeat earnings. NEW YORK, July 26- The dollar turned lower while U.S. stocks stayed higher on Wednesday after the Federal Reserve signaled it could begin to cut its massive bond portfolio "relatively soon."

  • FRANKFURT/ LONDON, July 26- Deutsche Bank's planned listing of its asset management arm is unlikely before the first half of next year and could be later, as it wants more time to refine and sell the business's strategy to potential investors, people close to the matter said. Germany's largest lender announced plans to list the unit, including its main DWS retail...

  • WASHINGTON, July 26- The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy. After pushing rates nearly to zero to fight the 2007-2009 financial crisis and recession, the Fed pumped over $3 trillion into the economy in a...

  • July 26- U.S. stocks added slightly to gains on Wednesday after the Federal Reserve kept interest rates unchanged and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy. The Fed's statement did not dramatically sway Wall Street's major indexes, which hit record highs earlier in the...

  • U.S. STOCKS SLIGHTLY ADD TO GAINS AFTER FEDERAL RESERVE STATEMENT.

  • WASHINGTON— The Federal Reserve is keeping its key interest rate unchanged at a time when inflation remains persistently low. But it signaled Wednesday that it's edging closer to gradually shrinking its bond holdings, a step that would likely boost long-term borrowing rates including mortgages. The Fed noted Wednesday in a statement that inflation has...

  • WASHINGTON— President Donald Trump's choice of a key player in his drive to scale back financial rules would likely push to relax regulations on community banks, ease restrictions on some speculative trading and soften annual tests of big banks' health. A Senate committee will hold a confirmation hearing Thursday for Quarles. He is expected to eventually win...

  • The ruling in the case of Joseph Jiampietro, the ex-managing director, followed investigations of how one of his subordinates at Goldman obtained leaked documents from a friend who worked at the Federal Reserve Bank of New York. In a ruling unsealed last week, Administrative Law Judge Christopher McNeil recommended the Federal Reserve Board of Governors bar...

  • SAO PAULO, July 26- Most Latin American currencies edged higher on Wednesday as investors stuck to bets the Federal Reserve will stand pat on interest rates later in the day. Currencies from Brazil, Mexico, Chile and Colombia firmed between 0.1 and 0.4 percent as traders avoided making risky moves ahead of the Fed decision. Trading in Brazil's currency and...

  • *Fed statement expected at 2 p.m. ET. *Boeing rises to record high after raising forecast. July 26- Wall Street got a big boost from strong corporate earnings on Wednesday, with all three major indexes hitting record highs, while investors awaited the outcome of a two-day Federal Reserve meeting.

  • FRANKFURT/ LONDON, July 26- Deutsche Bank's planned listing of its asset management arm is unlikely before the first half of next year and could be later, as it wants more time to refine and sell the business's strategy to potential investors, people close to the matter said. Germany's largest lender announced plans to list the unit, including its main DWS retail...

  • *Fed statement expected at 2 p.m. ET. *Boeing rises to record high after raising forecast. July 26- Wall Street got a big boost from strong corporate earnings on Wednesday, with all three major indexes hitting record highs, while investors awaited the outcome of a two-day Federal Reserve meeting.

  • July 26- Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country's planned exit from the European Union. The association expects 3,000 to 5,000 new jobs in Frankfurt over the next two years as a result of Brexit, its head Stefan Winter, of UBS, told German newspaper Welt am Sonntag in June. Bank of America became the...

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