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  • TOKYO, March 21- Asian shares clung to their 15- month highs on Tuesday while the dollar and U.S. bond yields were on the back foot on the prospects of a less-hawkish Federal Reserve policy trajectory. In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, staying near a 15- month high it touched on Monday, with South Korean...

  • *Fed's intended gradual pace of hikes disappoints dollar bulls. TOKYO, March 21- The dollar was on the defensive in Asian trading on Tuesday, after Chicago Federal Reserve President Charles Evans reinforced the perception that the U.S. central bank won't accelerate the pace of its interest rate hikes. The dollar index, which tracks the greenback against a basket...

  • LONDON- Federal Reserve Bank of New York President and CEO William Dudley will attend an event "Banking Culture; An International Challenge and an Opportunity" organized by Banking Standards Board and the Lord Mayor of London- 0820 GMT. LONDON- Federal Reserve Bank of New York President and CEO William Dudley will attend an event "Worthy of Trust?

  • LONDON- Federal Reserve Bank of New York President and CEO William Dudley will attend an event "Banking Culture; An International Challenge and an Opportunity" organized by Banking Standards Board and the Lord Mayor of London- 0820 GMT. LONDON- Federal Reserve Bank of New York President and CEO William Dudley will attend an event "Worthy of Trust?

  • March 20- Goldman Sachs Group Inc, known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank's website. The bank last year launched Marcus, its first major foray into consumer lending, as well as a complementary deposit-taking platform...

  • WASHINGTON, March 20- The Federal Reserve on Monday approved Cathay General Bancorp purchase of SinoPac Bancorp, allowing the tie-up between the two California lenders. The two banks are relatively small with less than $16 billion in combined assets. Through the deal, Cathay General indirectly acquired Far East National Bank.

  • NEW YORK, March 20- U.S. Treasury prices gained on Monday as Chicago Federal Reserve President Charles Evans reiterated the U.S. central bank's view that two more interest rate hikes this year are likely, disappointing investors who had anticipated a faster path of rate increases. "After last week, investors understood that the Feds not quite as hawkish as they...

  • A woman passes a Wells Fargo sign.

    The bank reports a 55 percent drop in new credit card applications and 43 percent drop in new checking account openings, year over year.

  • Tellers serve customers at the Wells Fargo bank in downtown Denver.

    The bank, emerging from a fake consumer account scandal, reported a relatively stable February in retail banking.

  • NEW YORK, March 20- Wells Fargo& Co saw a drop in the number of consumers opening checking and credit card accounts in February, the bank said on Monday, marking a sixth month of declines since a sales scandal rocked the bank last year. Consumers opened 3 percent fewer checking accounts from January, and 43 percent, or 0.3 million, fewer compared with February 2016,...

  • NEW YORK, March 20- Wells Fargo& Co saw a drop in consumers opening checking and credit card accounts in February, the bank said on Monday, marking the sixth straight month of decline since a sales scandal rocked the bank last year. "It will take time for us to work through the changes we are making in our business, but we remain focused on strengthening our...

  • The government has turned to relatively unknown institutions to provide a service known as correspondent banking, as international banks are increasingly concerned about the risks of doing business with socialist-ruled Venezuela amid investigations into corruption and drug trafficking. It also coincides with complaints by President Nicolas Maduro...

  • NEW YORK, March 20- U.S. Chicago Fed President Charles Evans said on Monday that the U.S. central bank is on track to raise rates twice more this year after a policy tightening last week, and could be more or less aggressive depending on fiscal policies and other effects on the economy. We have a light week for data, we have no nominal coupon supply either, so really the...

  • NEW YORK, March 20- The Federal Reserve is on track to raise interest rates twice more this year after a policy tightening last week, and it could be more or less aggressive depending on inflation and fiscal policies from the Trump administration, a Fed rate-setter said on Monday. The public comments from Chicago Fed President Charles Evans were among the first...

  • FRANKFURT, March 20- Money created by the European Central Bank to shore up euro zone growth and inflation is piling up in Germany as investors are reluctant to venture outside the bloc's strongest economy, Bundesbank data showed on Monday. In its monthly report, the Bundesbank said this money does not then flow to other parts of the euro zone, even though bond...

  • FRANKFURT, March 20- Deutsche Bank, which is seeking to raise 8 billion euro from shareholders, predicted on Monday that group revenues would be steady in 2017 as it reported a strong start to the year in bond trading. However, shares in Germany's largest bank fell by more than 3.2 percent to 17.29 euros after it gave details of its capital increase on Sunday and...

  • FRANKFURT, March 20- Money created by the European Central Bank to shore up euro zone growth and inflation is piling up in Germany as investors are reluctant to venture outside the bloc's strongest economy, Bundesbank data showed on Monday. But in its monthly report, the Bundesbank said this money does not then flow to other parts of the euro zone, even though bond...

  • BEIJING, March 20- China's central bank should clarify its new short-term policy rate and the target rate level as soon possible, according to a central bank working paper, as authorities in the world's second-largest economy slowly shift to a tightening bias. These actions will help to stabilize expectations about the "interest rate corridor" framework, the...

  • against basket@ HONG KONG, March 20- China's yuan fell slightly against the U.S. dollar on Monday after a weaker official midpoint fixing, and on views that the central bank will stick to a very modest and gradual pace of monetary tightening to avoid hurting economic growth. China's central bank surprised markets by raising short-term interest rates for the...

  • thoughtless rights issues

    Charles Newsome, divisional director at Investec Wealth, and Bob Parker, senior advisor on investment, strategy and research at Credit Suisse, discuss how companies can ensure shareholder loyalty.

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