×

Finance Banks

  • BOAO, China, March 25- An advisor to China's central bank said on Saturday that he believed the People's Bank of China would want a smooth transition to holding less foreign exchange reserves. Fan was speaking at the Boao Forum for Asia in southern China's Hainan province. China's foreign exchange reserves rose for the first time in eight months in February,...

  • BOAO, China, March 25- Globalization is a reality for all countries, and is not a matter of choice, the People's Bank of China's governor, Zhou Xiaochuan, on Saturday. Zhou hopes to see clearer language on free trade and globalization at a G20 summit in July, the Chinese central bank governor said at the Boao Forum for Asia. This month, G20 finance ministers and central...

  • President Donald Trump's push to force U.S. industry to bring jobs home is opening investment avenues for Chinese companies in Mexico, an executive with Industrial and Commercial Bank of China, the country's largest lender, said on Friday. Yaogang Chen, head of ICBC's Mexico unit, said U.S. industry's loss could be China's gain. China's BAIC Motor Corp Ltd in June...

  • WASHINGTON, March 24- The Federal Reserve's willingness to accept higher inflation is not an effort to "make up" for weak price increases in recent years, but to ensure its 2 percent target is viewed credibly, San Francisco Fed President John Williams said on Friday. After years of seeing inflation run below its target, the U.S. central bank wants to avoid any...

  • WASHINGTON, March 24- The Federal Reserve is not trying to push inflation higher to compensate for years of weak price increases, but aiming instead to ensure its 2 percent target is viewed credibly, San Francisco Fed President John Williams said on Friday. Fed officials' recent statements that the U.S. central bank was willing to allow above-target price...

  • MOSCOW, March 24- Russia's central bank trimmed its main lending rate on Friday and said there could now be gradual easing as inflation eases down to new post-Soviet lows. "We could have pauses, though we really see a trend towards easing, towards lowering the rate in the medium term," Central Bank Governor Elvira Nabiullina said. The bank is focused on bringing...

  • WASHINGTON, March 24- The Federal Reserve says it remitted $91.5 billion in profits to the U.S. The central bank had previously estimated in January that it would send $92 billion to the U.S. government. For 2015, the Fed sent a record $97.7 billion to the Treasury.

  • DUBLIN, March 24- Bank of Ireland Chief Executive Richie Boucher will retire before the end of the year after almost a decade in charge of the lender he guided from the brink of nationalization to lead a revival across the sector. Boucher, who joined Ireland's largest lender by assets in 2003, headed its corporate banking and retail divisions before being...

  • JOHANNESBURG, March 24- South Africa's Capitec Bank has purchased a 40 percent stake in Latvia's Creamfinance for 21 million euros, the lender said on Friday, its first acquisition outside its home market. Capitec has grown from a startup to a bank of nearly 8 million clients within 15 years in a banking sector long dominated by Barclays Africa Group, Standard...

  • WASHINGTON, March 24- Northern Trust Corp had shortcomings in its "living will" plans and has until year-end to update a proposal for how to unwind if it went bankrupt, U.S. regulators said on Friday as they granted an extension for four foreign banks to comply. The Fed and Federal Deposit Insurance Corp on Friday granted the extension and gave guidance to those four...

  • Pedestrians walk by the Northern Trust banking company's headquarters in Chicago, Illinois.

    Northern Trust had shortcomings in its 'living will' plans and will have until year-end to update its plan on how to unwind in bankruptcy, U.S. regulators said.

  • MOSCOW, March 24- Achieving low and stable inflation is the main task for her new term in office, Russian Central Bank Governor Elvira Nabiullina said on Friday. Russian President Vladimir Putin said this week he would nominate Nabiullina for a new term. Speaking at a briefing in Moscow on Friday, Nabiullina also said she hoped to finish cleaning up of the banking...

  • MOSCOW, March 24- Russia's Central Bank expects lending growth of 5-7 percent this year, Governor Elvira Nabiullina said on Friday.

  • LONDON, March 24- The Bank of England is to increase the fees it levies on the banks it regulates to meet additional costs resulting from Britain's move to leave the European Union- and may have to ask for more cash later on. The central bank's Prudential Regulation Authority published a consultation paper on Friday on its annual funding requirement for the...

  • LONDON, March 24- Emerging stocks paused on Friday ahead of a vote on a key U.S. reform that may pave the way for stimulative tax cuts, whilst the Russian rouble firmed ahead of a central bank meeting at which interest rates are expected to stay on hold. Investors are awaiting a U.S. healthcare bill vote seen as a litmus test of whether President Donald Trump can muster...

  • EXCLUSIVE-HSBC EXEC SAYS PLANS TO ADD AS MANY AS 1,000 NEW STAFF IN CHINA RETAIL BANKING AND WEALTH MANAGEMENT BUSINESS IN 2017, MOST IN PEARL RIVER DELTA.

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering center to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering centre to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • TOKYO, March 24- Toshiba Corp's main lenders are asking it to submit a bankruptcy filing for U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources. Such a move would pile further pressure on the embattled conglomerate to make a quick decision over a Chapter 11 filing after...

  • TOKYO, March 24- Toshiba Corp's main lenders are asking Toshiba to submit a bankruptcy filing for its U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources. Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd have asked that Westinghouse file for Chapter 11 so that future losses...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.