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Finance Banks

  • PYONGYANG, North Korea— No modern airport terminal is complete without an ATM, and Pyongyang's now has two. ATMs are an alien enough concept in North Korea that those in the capital's shiny new Sunan International Airport have a video screen near the top showing how they work and how to set up an account to use them. Years ago, the Ryugyong Commercial Bank installed...

  • LOS ANGELES, California- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a question-and-answer session at " Opportunity and Inclusive Growth Institute, TBTF"- 1530 GMT. **BRUSSELS- European Central Bank board member Daniele Nouy participates at the ECON Committee Public Hearing in Brussels 0830 GMT. LUXEMBOURG- EU General Affairs...

  • The memorandum of understanding signed at the World Bank and International Monetary Fund spring meetings in Washington comes a year after the two multilateral lenders established mechanisms for cost-sharing and co-financing of investment projects. Since then, the AIIB and the World Bank have co-financed five projects, supporting power generation in...

  • The memorandum of understanding signed at the World Bank and International Monetary Fund spring meetings in Washington comes a year after the two multilateral lenders established mechanisms for cost-sharing and co-financing of investment projects. Since then, the AIIB and the World Bank have co-financed five projects, supporting power generation in...

  • Definitely won’t see a big surge of further regulation in US: Weber

    UBS Chairman Axel Weber talks about the state of banking regulation, with specific discussion on the roll back of Dodd Frank.

  • Must gear your bank to be the ‘bank of the future’: Axel Weber

    UBS Chairman Axel Weber takes a look at the European banking sector and how banks have to change to shifting business landscapes, especially after the crisis.

  • WASHINGTON, April 22- The European Central Bank can supply cash to banks if Sunday's presidential vote in France roils markets but suppressing a rise in governments' borrowing costs would go beyond its remit, ECB policymaker Ignazio Visco said on Saturday. "The problem is more long term and has to do with what happens to spreads but this transcends monetary...

  • WASHINGTON, April 22- The European Central Bank can supply cash to French banks if needed after Sunday's presidential vote but tackling a rise in governments' borrowing costs would be beyond its remit, ECB policymaker Ignazio Visco said on Saturday. "The problem is more long term and has to do with what happens to spreads but this transcends monetary...

  • *Nowotny doesn't expect need for ELA after France's vote Sunday. WASHINGTON, April 22- The European Central Bank could provide emergency cash to French banks if needed after the first round of France's presidential election on Sunday, but it doesn't expect such a move will be necessary, ECB policymaker Ewald Nowotny said on Saturday. Investors fear that a...

  • WASHINGTON, April 22- The European Central Bank could provide emergency cash to French banks if needed after the first round of France's presidential election on Sunday, but it doesn't expect such a move will be necessary, ECB policymaker Ewald Nowotny said on Saturday. ELA, Emergency Liquidity Assistance, but we don't expect of course any special movements, "...

  • Klaus Kleinfeld.

    Klaus Kleinfeld has resigned from Morgan Stanley's board, effective immediately, and will not stand for election at its annual meeting.

  • The G-20 discussions were being held in conjunction with the spring meetings of the 189- nation International Monetary Fund and its sister lending organization, the World Bank, which are scheduled to conclude Saturday. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Janet Yellen were representing the United States at the discussions.

  • Trump signs financial executive order and memoranda

    CNBC's Eamon Javers reports the details of President Donald Trump's latest executive actions on financial regulations.

  • President Donald Trump (C) displays a financial services executive order as Treasury Secretary Steven Mnuchin (R) looks on during a signing ceremony at the Treasury Department in Washington, U.S., April 21, 2017.

    President Donald Trump speaks at the Treasury Department ahead of signing executive actions on financial regulations.

  • Trump: Taking steps to make economy more fair and prosperous

    President Donald Trump speaks at the Treasury Department ahead of signing executive actions on financial regulations.

  • Trump: Want Mnuchin to begin tax simplification process

    President Donald Trump speaks at the Treasury Department ahead of signing executive actions on financial regulations.

  • Goldman Sachs

    This software-based process will supplement the bank's annual review process with more frequently occurring check-ins, the company said.

  • LONDON— U.K. Treasury chief Philip Hammond says taxpayers have recovered all of the funds Britain injected into Lloyds Banking Group at the height of the 2008 financial crisis. Hammond said Friday in Washington that it had passed the milestone, recovering all 20.3 billion pounds injected. By contrast, Royal Bank of Scotland— the other major institution bailed...

  • LONDON, April 21- Taxpayers have recouped all of the 20.3 billion pounds invested in the bailout of Lloyds Banking Group during the 2008 financial crisis, British finance minister Philip Hammond said on Friday. The government has received 20.4 billion pounds from share sales and dividends since it began selling its stake in 2013, Hammond said in a speech...

  • WASHINGTON— The Latest on global finance meetings:. The minister, Wolfgang Schaeuble, spoke with reporters after a meeting Friday of the finance ministers and central bankers of the Group of 20, which represents the world's major economic powers. The No. 2 official at the Federal Reserve says he agrees with the assessment of the International Monetary Fund that...

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