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Finance Banks

  • LONDON, March 23- Financial firms must not base a decision to move from London after Brexit on expectations of being less heavily regulated, a senior Irish regulator said on Thursday. Sharon Donnery, deputy governor for central banking at the Central Bank of Ireland, said her country was receiving many enquiries from UK- based financial firms about relocating to...

  • LONDON, March 23- Financial firms must not base a decision to move from London after Brexit on expectations of being less heavily regulated, a senior Irish regulator said on Thursday. Sharon Donnery, deputy governor for central banking at the Central Bank of Ireland, said her country was receiving many enquiries from UK- based financial firms about relocating to...

  • NJ public bank plan brings money back to citizens: Phil Murphy

    Phil Murphy, democratic candidate for governor of New Jersey, shares his plans to create a public bank to invest in the Garden State.

  • A customer leaves an ATM at a Wells Fargo branch in Denver.

    Starting on Monday, Wells Fargo depositors can withdraw money using a smartphone at any branded ATM.

  • LONDON, March 23- Bonds from vulnerable euro zone governments like Portugal and Italy were in demand on Thursday as the European Central Bank prepared to dispense the final instalment of cheap, long-term bank loans that have been running for over five years. Investors appeared to be anticipating solid demand for the cash with the central bank also set to trim...

  • LONDON, March 23- Bonds from vulnerable euro zone governments like Portugal and Italy were in demand on Thursday as the European Central Bank prepared to dispense the final installment of cheap, long-term bank loans that have been running for over five years. Investors appeared to be anticipating solid demand for the cash with the central bank also set to trim...

  • MUMBAI, March 23- India's finance ministry has called bankers into a meeting on Friday to discuss setting up a new facility to absorb surplus cash in the banking system, according to a letter sent to heads of lenders seen by Reuters on Thursday. The cash would be deposited with the Reserve Bank of India, and revives a proposal issued by the central bank in 2014 as...

  • MUMBAI, March 23- India's finance ministry has called bankers into a meeting on Friday to discuss setting up a new facility to absorb surplus cash in the banking system, according to a letter sent to all heads of lenders seen by Reuters on Thursday. The proposal on draining surplus cash through such a facility had previously been mooted by the Reserve Bank of India.

  • HONG KONG, March 23- China's yuan fell against the U.S. dollar on Thursday, even as the central bank set a firmer midpoint, after the global dollar index rebounded from 1-1/ 2- month lows. The People's Bank of China set the midpoint rate at 6.8856 per dollar prior to market open, firmer than the previous fix 6.8889. Federal Reserve raised interest rates last week, the...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • NEW YORK, March 22- Starting on Monday, Wells Fargo& Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking. Jonathan Velline, Wells Fargo's head of ATM and store strategy, said that the San Francisco- based bank decided to apply the smartphone technology to all of...

  • WASHINGTON, March 22- U.S. prosecutors are building potential cases that would accuse North Korea of directing the theft of $81 million from Bangladeshs account at the Federal Reserve Bank of New York last year, the Wall Street Journal, citing people familiar with the matter. The charges, if filed, would target alleged Chinese middlemen who prosecutors believed...

  • SAN FRANCISCO, March 22- With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. "I think we are moving toward a period where we...

  • LONDON, March 22- Several European banks are being closely monitored by the agency responsible for closing lenders which go bust in the euro zone, but none are failing or about to fail, the head of the Single Resolution Board said on Wednesday. Elke Koenig did not mention any EU country by name but told the European Parliament's economic affairs committee the SRB...

  • LONDON, March 22- British-based banks would be foolhardy to expect to retain access to European Union markets in return for sticking closely to the bloc's rules after Brexit, a senior banking official said on Wednesday. Banks in Britain can currently trade across the bloc's single market under European "passporting" rules, but this is expected to end after the UK...

  • JERUSALEM, March 22- The Bank of Israel allowed Altshuler Shaham Investment House to raise its holding in a banking corporation to 7.5 percent on Wednesday, the second such approval this year. Israel's two biggest banks, Hapoalim and Leumi, are the biggest stocks on the Tel Aviv Stock Exchange's blue-chip index. In most advanced economies, including the United...

  • SAN FRANCISCO, March 22- With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. "I think we are moving toward a period where we...

  • ING has confirmed it is facing a criminal investigation into alleged money laundering and corruption from Netherlands authorities.

  • President Donald Trump speaks before signing an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington February 3, 2017.

    Lobbyists say they are facing the reality that bank deregulation legislation will have to wait behind healthcare reform and taxes.

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