×

Finance Banks

  • NEW DELHI, March 30- The New Development Bank set up by the BRICS group of major emerging economies plans to raise up to $500 million via rupee-denominated masala bonds in the second half of the year, the bank's president, K.V. Kamath, said on Thursday. The BRICS- Brazil, Russia, India, China and South Africa- agreed to create the infrastructure-focussed lender in July...

  • March 30- Canadian Imperial Bank of Commerce said on Thursday it has raised its offer for Chicago- based lender PrivateBancorp Inc by 20 percent to about $4.9 billion, after some PrivateBancorp shareholders opposed CIBC's initial bid. PrivateBancorp's board has backed CIBC's revised offer. CIBC shares dropped 3 percent to C $113.66 on Thursday, while...

  • LUSAKA, March 30- A Chinese bank will help finance the construction of 2,000 homes for Zambian military personnel who face a critical shortage of housing, president Edgar Lungu said on Thursday. The 1.5 bilion kwacha project would be financed by the Development Bank of Zambia with support from the Industrial and Commercial Bank of China, Lungu said in a...

  • SHANGHAI/ BEIJING, March 30- The world's largest lender, Industrial and Commercial Bank of China, reported its slowest rate of annual profit growth in more than a decade on Thursday, and China's bankers pledged to do more to help borrowers struggling with debt. China's main banks are preparing to roll out measures this year to ease the burden for struggling...

  • FRANKFURT, Germany— Germany's statistics agency says inflation dipped to 1.6 percent in March, down from 2.2 percent in February. The drop was seen as dampening speculation that the European Central Bank will start raising interest rates. Higher rates are aimed at controlling inflation.

  • LONDON, March 30- The euro dipped and bond yields hit multi-week lows on Thursday as easing inflation in Spain and Germany led investors to row back further on expectations of when the European Central Bank might tighten monetary policy. The single currency dipped 0.3 percent against the dollar and the yield on Germany's 10- year government bond, the benchmark...

  • LONDON, March 30- The euro dipped and bond yields hit multi-week lows on Thursday as easing inflation in Spain and Germany led investors to row back further on expectations of when the European Central Bank might tighten monetary policy. The single currency dipped 0.3 percent against the dollar and the yield on Germany's 10- year government bond, the benchmark...

  • NAIROBI, March 30- Kenya's central bank on Thursday invited investors interested in buying a stake in Chase Bank to submit their bids, with the aim of concluding the transaction by the end of September. It is now in the hands of Kenya Deposit Insurance Corporation, a state body that protects depositors in the case of a bank failure, and the central bank has said it...

  • TORONTO, March 30- Scrutiny of Canada's financial oversight sparked by reports of improper sales practices at the nation's top banks shows its watchdogs lack the muscle and the bite to tackle consumer abuses as aggressively as their U.S. and European peers. Canada's banking system avoided failures in the 2007-09 financial crisis and the World Economic Forum...

  • SHANGHAI, March 30- China's banking regulator is inspecting off-balance sheet risks at smaller regional banks, two sources told Reuters on Thursday, as China steps up checks on financial institutions in an effort to control risky lending. The China Banking Regulatory Commission is checking the size and potential risks from off-balance sheet activities...

  • March 30- U.S. stock index futures were slightly lower on Thursday as investors awaited key economic data, including a final reading on fourth-quarter GDP numbers, and speeches by a host of Federal Reserve officials. *Investors have been assessing what the Republicans' failure to pass a healthcare bill means for tax reform and the rest of President Donald...

  • SHANGHAI, March 30- The chairman of Industrial and Commercial Bank of China Ltd, the world's largest lender, said on Thursday he expects asset quality to improve this year. Yi Huiman made the comments at a press conference following the release of the bank's annual results. ICBC said its net profit slipped 0.64 percent in the fourth quarter of 2016 as margins...

  • AMSTERDAM, March 30- The European Central Bank could start winding down its massive asset buying scheme earlier than planned but only if the economy continues to outperform expectations, Dutch central bank chief Klaas Knot said on Thursday. "Only if the economy does even better than we now expect in our estimates could we consider bringing the tapering forward,...

  • AMSTERDAM, March 30- The European Central Bank could start winding down its massive asset buying scheme earlier than planned but only if the economy continues to outperform expectations, Dutch central bank chief Klaas Knot said on Thursday. "Only if the economy does even better than we now expect in our estimates could we consider bringing the tapering forward,...

  • LONDON, March 30- The euro dipped and bond yields hit multi-week lows on Thursday as easing inflation in Spain and Germany led investors to row back further on expectations of when the European Central Bank might tighten monetary policy. The single currency dipped 0.3 percent against the dollar and the yield on Germany's 10- year government bond, the benchmark...

  • TEL AVIV, March 30- Bank Hapoalim, Israel's largest lender, reported lower quarterly net profit because of one-off items including provisions for a U.S. tax evasion investigation, as well as sharply higher expenses for credit losses. Hapoalim, which issued a profit warning last week, said on Thursday it earned 138 million shekels in the fourth quarter, down from...

  • TEL AVIV, March 30- Bank Hapoalim, Israel's largest lender, reported lower quarterly net profit because of one-off items including provisions for a U.S. tax evasion investigation, as well as sharply higher expenses for credit losses. Hapoalim, which issued a profit warning last week, said on Thursday it earned 138 million shekels in the fourth quarter, down from...

  • SHANGHAI, March 30- The cost of borrowing short-term cash against bonds at China's stock exchanges more than tripled to as much as 32 percent on Thursday as smaller financial institutions scrambled for funds before a central bank health-check on the banking industry. The one-day repo rate at the Shanghai Stock Exchange shot to as high as 32 percent- jumping...

  • Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its IPO.

  • fears@ HONG KONG, March 30- China's yuan slipped to its lowest against the U.S. dollar in nearly a week on Thursday after the greenback firmed overnight, while interbank borrowing costs continued to edge higher on concerns about tighter liquidity heading into quarter-end. The People's Bank of China set the midpoint rate at 6.8889 per dollar prior to the market...

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.