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  • Andrew Cuomo is urging federal regulators to reject KeyCorp's $4.1 billion deal to buy First Niagara Financial Group and create the 13th largest commercial bank in the United States. The New York Democrat says the proposed acquisition of Buffalo- based First Niagara by Cleveland- based KeyCorp would reduce retail banking competition in upstate New York,...

  • Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...

  • Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...

  • NEW YORK, Feb 10- New York Governor Andrew Cuomo on Wednesday urged federal regulators to block KeyCorp's plan to acquire First Niagara Financial Group Inc, saying the merger would impede retail banking competition and cost thousands of jobs upstate. The request, unusual for a sitting governor, came 3-1/ 2 months after Cleveland- based KeyCorp announced plans to...

  • WASHINGTON, Feb 10- The Federal Reserve said on Wednesday the U.S. financial system is well-positioned to weather headwinds and the fall in stock prices may have put the nation's asset markets on a healthier path. In its semi-annual monetary policy report to Congress, the Fed said financial vulnerabilities in the United States have continued to moderate since...

  • NEW YORK, Feb 10- The dollar fell to a 15- month low against the yen on Wednesday as investors packed into the safe-haven Japanese currency, backing away from earlier optimism that the Federal Reserve would continue to raise interest rates. Investors perceived dovishness on the part of Federal Reserve Chair Janet Yellen, who testified before the House...

  • SAN FRANCISCO, Feb 10- Interest payments that Federal Reserve Chair Janet Yellen calls "critical" to the U.S. central bank's conduct of monetary policy came under fire on Wednesday from lawmakers, raising questions about new potential political hurdles ahead for the Fed. In an unusual display of bipartisanship, Jeb Hensarling, the Republican who chairs the...

  • Yellen supports labor market benefitting African Americans

    Fed Chairman Janet Yellen addresses the Fed's stance on the unemployment rate among African Americans.

  • BUENOS AIRES, Feb 10- Argentine banks are gearing up for a potential lending boom that could push depressed private credit demand to a 16- year high, bolstered by the reforms undertaken by newly-elected President Mauricio Macri. An end to the 14- year standoff between Argentina and the lenders who refused to participate in the earlier debt restructuring could...

  • Monetary policy 'highly accommodative': Yellen

    Fed Chairman Janet Yellen explains the Fed's expectations for progress in the U.S. labor market and addresses racial disparities in unemployment.

  • Lending standards attempt to prevent predatory lending: Yellen

    Fed Chairman Janet Yellen discusses the difficulty that people without excellent credit are having in obtaining loans and mortgages.

  • Lack of big bank subsidies could hurt economy: Yellen

    Fed Chairman Janet Yellen explains why so much money is being devoted to "too big to fail" banks.

  • Structural factors restrain U.S. growth: Yellen

    Fed Chairman Janet Yellen addresses the concept of negative interest rates as "gimmicks" and the structural issues that are holding back economic growth.

  • WASHINGTON, Feb 10- Federal Reserve Chair Janet Yellen said on Wednesday that the U.S. central bank is analyzing the prospect of negative interest rates in the spirit of prudent planning, but it is not a preferred option. She told a committee of lawmakers in Congress that given the implementation of negative rates by the Bank of Japan and the European Central Bank...

  • WASHINGTON, Feb 10- Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the Federal Reserve would need to reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers on Wednesday. Financial conditions overall have tightened, driven by falling stock prices,...

  • Community banks concerned about over-regulation

    Fed Chairman Janet Yellen addresses the burdens on community banks and the need to simplify regulations.

  • Negative rates possible in U.S.: Yellen

    Fed Chairman Janet Yellen addresses the possibility and concerns about having negative interest rates in the United States.

  • No more 'too big to fail' institutions?

    Fed Chairman Janet Yellen says the Fed needs to make sure that previously too big to fail and too big to jail institutions can fail without having systemic consequences for the country.

  • After being out of investors' spotlight for months, the single currency zone is facing a range of new concerns— from questions over Greece to the stability of its financial system. That's evident from developments in recent days, such as the fall in Greece's stock market to 26- year lows and questions over the financial health of Deutsche Bank, Germany's largest...

  • NEW YORK, Feb 10- Stock indexes worldwide rebounded on Wednesday after concerns eased about the banking sector and Federal Reserve Chair Janet Yellen said the U.S. central bank has plenty of flexibility to adjust monetary policy if needed. Yellen's testimony to Congress boosted sentiment. "What Yellen said has been taken positively," said Richard Sichel, chief...

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