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Finance Banks

  • MILAN, Feb 22- Italian banks are stuck in what stressed-debt experts call purgatory, still forced to pay a heavy price for their past sins despite loan data that suggests they are turning a corner. Italy has 130 billion euros in unlikely-to-pay loans, where borrowers are in trouble but remain in business. "Unlikely-to-pay loans are like purgatory: to avoid...

  • SHANGHAI, Feb 22- China's financial regulators have circulated a draft framework of new rules aimed at curbing risks in the country's booming asset management industry, according to several Chinese news outlets and details of the draft seen by Reuters. The rules, formulated by the central bank in conjunction with China's securities, banking and insurance...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • A man rides a scooter past the People's Bank of China (PBOC) headquarters in Beijing, China, on Monday, March 7, 2016.

    China's financial watchdogs are considering casting a huge new regulatory net over the country's shadow banking sector, the SCMP reports.

  • *Traders are focused on the release of minutes from the Fed's Jan. 30- Feb. 1 meeting, due on Wednesday at 1900 GMT. *Also on the radar is President Donald Trump's address to Congress on Feb. 28, which analysts and traders hope will offer details on infrastructure spending and tax cuts. *Bank of England Governor Mark Carney faced a challenge from lawmakers on Tuesday...

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • Bank of America

    Analysts Fred Cannon and Jeffery Harte discuss the impact of bank tax cuts on financials.

  • ABUJA, Feb 21- Nigeria's central bank took a step nearer to outright devaluation of the naira currency on Tuesday, providing 23 commercial banks with a combined $370.8 million at forward exchange rates up to 15 percent weaker than the official rate. On Tuesday, it said it sold dollars using one- and two-month forward exchange rates to commercial banks whose bids...

  • MEXICO CITY— Mexico's central bank says it will sell $20 billion in peso coverage contracts to cushion the risk of holding the country's currency. The Bank of Mexico said in a statement that "in recent months the peso has shown a high degree of volatility in exchange rates against the U.S. dollar, which is not consistent with the country's economic fundamentals."

  • The Bank of America headquarters in Charlotte, N.C.

    Fred Cannon, Keefe, Bruyette & Woods, and Jeffery Harte, Sandler O'Neill, weigh in on what a proposed tax cut means for banks.

  • 'Something behind the scenes' at HSBC?

    Kevin Leung of Haitong International Securities Group says the $1 billion share buyback was disappointing but that capital was likely to be spent elsewhere.

  • NEW YORK, Feb 21- U.S. "I see stocks have bounced very sharply, so this could just be risk sentiment, said Gennadiy Goldberg, interest rates strategist at TD Securities in New York." Fed Chair Janet Yellen said last week a rate increase would be considered at every policy meeting, suggesting the U.S. central bank could move next month.

  • NEW YORK, Feb 21- U.S. "I see stocks have bounced very sharply, so this could just be risk sentiment, said Gennadiy Goldberg, interest rates strategist at TD Securities in New York." Fed Chair Janet Yellen said last week a rate increase would be considered at every policy meeting, suggesting the U.S. central bank could move next month.

  • Claudia Russ Anderson, former chief risk officer for the Wells Fargo branch banking unit where the sales problems occurred, was among those fired. She chose to take a personal leave from the bank in September, bank spokeswoman Mary Eshet said. The others fired by the bank were Pamela Conboy, Arizona lead regional president; Shelley Freeman, former Los Angeles...

  • Buyback bonanza?

    Quincy Krosby, Prudential Financial Market Strategist, and Liam Dalton, Axiom Capital Management Founder, weigh in on the buyback binge.

  • Lloyd Blankfein, chairman and CEO of Goldman Sachs at the World Economic Forum in Davos, Switzerland.

    The major U.S. equity indexes weren't the only ones making history on Tuesday.

  • A pedestrian carries an umbrella as she passes by the New York Stock Exchange.

    Wall Street may look no further than its own paychecks for an explanation why the Fed is not likely to raise rates in March.

  • Wells Fargo

    Wells Fargo says four current or former senior managers in community banking have been terminated.

  • Feb 21- Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks' ties to the sector. The comment letter, filed by the Securities Industry and Financial Markets Association and the Institution of...

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