Finance Banks

  • SHANGHAI, Aug 25- China's central bank has urged banks to spread out the tenors of their loans, hinting at its displeasure with a recent trend of banks focusing on overnight lending, banking sources told Reuters on Thursday. Imbalances in China's financial system are increasing as the economy slows, complicating challenges facing policymakers as they try to...

  • Aug 25- Gold rose slightly on Thursday after hitting a four-week low in the previous session, with the dollar losing strength ahead of a speech by Federal Reserve Chair Janet Yellen that will be closely watched for clues on U.S. interest rate policy. *Spot gold was up 0.2 percent at $1,326.22 an ounce at 0102 GMT. *Yellen is scheduled to address a meeting of central...

  • TOKYO, Aug 25- The dollar bobbed higher in Asian on Thursday but major currencies continued to tread water ahead of the global central bankers' gathering in Jackson Hole, Wyoming, at which Federal Reserve Chair Janet Yellen may offer new clues on U.S. monetary policy. Futures markets on Wednesday were indicating an 18 percent chance the U.S. central bank would hike...

  • JACKSON HOLE, WYOMING, United States- Bank of England's Deputy Governor for Markets and Banking Nemat Shafik to participate in a panel discussion titled "Adapting to Changes in the Financial Market Landscape"- 1450 GMT. FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States- Federal Reserve Chair Janet Yellen speaks on "The Federal Reserve's Monetary Policy...

  • WASHINGTON, Aug 24- U.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT. In a letter responding to questions from Representative Carolyn Maloney, a Democrat from New York, the regulators also said...

  • WASHINGTON, Aug 24- U.S. banking regulators said in a letter released on Wednesday that they are continuing to focus on cybersecurity risks and controls for U.S. financial institutions after attacks earlier this year on the global financial network known as SWIFT. In the letter responding to questions from Representative Carolyn Maloney, a Democrat from New...

  • NEW YORK, Aug 24- The dollar rose on Wednesday in thin trading, helped by data the previous day showing a surge in U.S. new home sales, but gains were capped by uncertainty ahead of Federal Reserve Chair Janet Yellen's speech at a central bankers' conference on Friday. Late on Wednesday, futures markets assigned an 18 percent chance the Fed would hike rates at its...

  • A real estate agent places an ad for a house in the window display board.

    Prolonged low rates and dwindling liquidity for loans on the secondary market could grind home sales to a halt again.

  • Aug 24- Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is awaiting Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyoming on Friday when she is expected to give a steer on the direction of monetary policy.

  • FRANKFURT, Aug 24- Euro area banks saw their profits fall by a fifth in the first three months of this year as they made less money from trading and most other business areas, European Central Bank data showed on Wednesday. Net profit fell by 20 percent year on year to 18 billion euros. In cash-rich Germany, several banks have responded by charging fees on bank...

  • LONDON/ MILAN, Aug 24- European shares rose on Wednesday, helped by a buoyant banking sector, while a disappointing update from British miner Glencore dragged the mining sector lower. However... after the rally that it's seen, this report doesn't really warrant a leg higher in the share price, " Jonathan Roy, advisory investment manager at Charles Hanover Investments,...

  • Janet Yellen

    The three-month London Interbank Offered Rate — more commonly known as Libor — is around the highest level it's been since May 2009.

  • Aug 24- Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is squarely focused on Federal Reserve Chair Janet Yellen's speech at Jackson Hole, Wyoming on Friday when she is expected to give a steer on the direction of monetary policy.

  • NEW YORK, Aug 24- The dollar rose on Wednesday in thin trading, helped by data the previous day showing a surge in U.S. new home sales, although gains were capped by uncertainty ahead of a meeting of central bankers on Friday. Policymakers from across the globe will gather at the U.S. mountain resort of Jackson Hole at the end of the week, where the focus lies squarely on a...

  • *China announces new rules for P2P lending. BEIJING/ SHANGHAI, Aug 24- China took aggressive steps on Wednesday to head off signs of growing risks in its financial and banking system, unveiling detailed rules to curb an unruly peer-to-peer lending sector and intervening in its money markets. But sharply increasing debt levels have raised alarm bells, most lately...

  • LAGOS, Nigeria— Nigeria's Central Bank has banned nine local banks from trading in foreign exchange, accusing them of withholding $2.1 billion in government funds and "round-tripping" to profit from a devalued naira currency. The Central Bank on Tuesday said it would punish banks accused of withholding the money belonging to the state oil company that was to be...

  • *Express Inc plunges after slashing forecast. Aug 24- Wall Street was little changed on Wednesday morning as investors played a waiting game ahead of Federal Reserve Chair Janet Yellen's speech on Friday for clues on the timing of an interest rate hike. "This is going to be a lackluster drift upwards, with perhaps some stocks that have really run-up being the...

  • The government said Wednesday it has won provisional approval from European authorities to recapitalize Portugal's biggest bank by assets, state-owned Caixa Geral de Depositos, with 5.1 billion euros. The government will inject 2.7 billion euros into CGD, the Finance Ministry said in a statement. Also, it will convert 960 million euros' worth of...

  • New York Stock Exchange

    Big banks are being eyed by activist investors; it could mean more changes to strategy.

  • Four of the world's biggest banks have teamed up to develop a new form of digital cash, the Financial Times reports.

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