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  • Wells Fargo, the United States' third-largest bank by assets, agreed to pay $190 million earlier this month to settle regulatory charges that some of its employees opened as many as 2 million accounts without customers' knowledge, in order to meet sales targets. The lawsuit, which was filed in the U.S. District Court of Northern California, comes nearly a week after...

  • WASHINGTON— A claim from the presidential debate and how it stacks up with the facts:. Under former chairman Ben Bernanke and current chairwoman Janet Yellen, the Fed has attracted controversy by pegging the short-term interest rate it controls to nearly zero for seven years. Bernanke was initially appointed by Republican President George W. Bush, and...

  • Fintech O2O

    Fintech helps to make banking transactions and asset management more efficient and accessible, says Nexchange Chief Strategy Officer Andrew Economos.

  • BOJ

    Central banks trying to control the yield curve is seen as a positive for banks, says BNP Paribas Investment Partners' Colin Graham.

  • Global Financials

    Banks are struggling in an environment of weak global growth and low interest rates that keep returns muted, says Ted Moynihan from Oliver Wyman.

  • BELLINGHAM, Wash., Sept 26- Central banks may find it more challenging to maintain inflation targets as the world economy becomes more integrated with increased international trade, the head of the Bank of Canada said on Monday. Policymakers need to acknowledge the risks from these changes and consider how to blunt their potential impact on monetary policy...

  • Treasury Secretary Jack Lew meets with Brazilian President Michel Temer and Finance Minister Henrique Meirelles WASHINGTON- Federal Reserve Vice Chair Stanley Fischer speaks on "Why Study Economics?" WEDNESDAY, SEPTEMBER 28 WASHINGTON- Federal Reserve Chair Janet Yellen gives semi-annual testimony on Federal Reserve supervision and regulation of the...

  • Treasury Secretary Jack Lew meets with Brazilian President Michel Temer and Finance Minister Henrique Meirelles WASHINGTON- Federal Reserve Vice Chair Stanley Fischer speaks on "Why Study Economics?" WEDNESDAY, SEPTEMBER 28 WASHINGTON- Federal Reserve Chair Janet Yellen gives semi-annual testimony on Federal Reserve supervision and regulation of the...

  • BUENOS AIRES, Sept 26- Argentina's central bank will continue to set its policy rate on a weekly basis in 2017 but will no longer tie the rate to short-term Lebac securities, central bank chief Federico Sturzenegger said on Monday. The bank is seeking to contain inflation that economists see at around 40 percent in 2016, also a priority of center-right President...

  • BELLINGHAM, Wash., Sept 26- Central banks may find it more challenging to maintain inflation targets as the world economy becomes more integrated with increased international trade, the head of the Bank of Canada said on Monday. Policymakers need to acknowledge the risks from these changes and consider how to blunt their potential impact on monetary policy...

  • MINNEAPOLIS, Sept 26- The Federal Reserve made the "right move" in deciding last week to leave interest rates unchanged, a top Fed official said on Monday, because inflation remains low and more workers are returning to the labor force. "That to me suggests we have time before we need to adjust rates," Minneapolis Fed President Neel Kashkari told reporters after a...

  • BUENOS AIRES, Sept 26- Argentina's central bank will continue to set its policy rate on a weekly basis in 2017 but will no longer tie the rate to short-term Lebac securities, central bank chief Federico Sturzenegger said on Monday. The bank is seeking to contain inflation that economists see at around 40 percent in 2016, also a priority of center-right President...

  • NEW YORK— U.S. stocks slumped Monday, and banks took the biggest losses. Deutsche Bank hit an all-time low as investors worried about the financial health of Germany's largest bank. Pfizer pulled drugmakers down after it announced it won't break up into two companies.

  • WASHINGTON, Sept 26- The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller lenders as it updates its annual stress test, Fed Governor Daniel Tarullo said on Monday. "In pulling this package of modifications together, we have consciously shaped them in accordance with the principle that financial...

  • SAN ANTONIO, Sept 26- Dallas Federal Reserve President Robert Kaplan said on Monday he would have been comfortable with an interest rate increase at the Fed's policy meeting last week when the central bank chose to keep rates steady. I would have been comfortable seeing that accommodation removed in September, "Kaplan told a banking conference in San Antonio.

  • Deutsche Bank plunged as investors worried about the financial health of Germany's largest bank. Pfizer pulled drugmakers down after it announced it won't break up into two companies. European banks tumbled after the German magazine Focus said Deutsche Bank won't get a government bailout if it asks for one.

  • BUENOS AIRES, Sept 26- Argentina's central bank will target inflation of 8 percent to 12 percent in 2018, down from a 12 percent to 17 percent target in 2017, central bank chief Federico Sturzenegger said on Monday. Inflation should fall to around 5 percent in 2019, he said in a presentation to explain the bank's inflation targeting strategy for next year.

  • A pedestrian carries an umbrella while entering a subway station in front of the New York Stock Exchange.

    The ETFs tracking banks and regional banks both fell below their 50-day moving averages on Monday.

  • WASHINGTON, Sept 26- Large regional banks that must satisfy the U.S. Under the plan, banks with less than $250 billion in consolidated assets would be exempted from the' qualitative' review. Among the banks that meet the size standard for the lighter stress test review are Regions Bank and SunTrust Bank.

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