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Finance Banks

  • Federal Reserve Board Chairwoman Janet Yellen.

    Carter Worth, Cornerstone Macro Head of Technical Analysis, goes to the charts to discuss why investors should sell financials ahead of the Fed decision.

  • BlackRock: Here's what to buy

    Kate Moore, BlackRock chief equity strategist, discusses what investors can still buy with stocks at record levels.

  • NEW YORK/ WASHINGTON, Dec 13- Wells Fargo would damage financial markets if it were pushed to bankruptcy, U.S. regulators said on Tuesday as they imposed restrictions on the bank's business. On Tuesday, regulators determined that Wells Fargo's living will still fell short and that the San Francisco- based bank would be sanctioned, the Federal Deposit Insurance...

  • WELLS FARGO FAILS ITS' LIVING WILLS' TEST, FACES SANCTIONS- U.S.

  • Wells Fargo was one of five banks to fail an initial assessment in April. On Tuesday, regulators determined that Wells Fargo's living wills fell short and that the San Francisco- based bank would be sanctioned, the Federal Deposit Insurance Corporation said in a statement. Wells Fargo may submit an amended living will by March 31 and regulators may lift...

  • SANTIAGO, Dec 13- Chile's central bank held the benchmark interest rate at 3.5 percent on Tuesday, as expected, but adjusted its previously neutral bias to indicate that monetary stimulus may soon be on the cards. "The board considers that, should recent economic backdrop trends continue, alongside their implications for the medium-term outlook on inflation, it...

  • Dozens of balloons hover in the sky during the Mass Ascencion at the opening of the International Balloon Fiesta at Balloon Fiesta Park in Albuquerque, New Mexico.

    The move in yields shouldn't start impacting equity values until the 10-year note doubles from its current level.

  • By Huw Jones and Andreas Kröner. LONDON/ FRANKFURT, Dec 13- Global banking regulators have softened proposed new capital rules in a bid to ease European concerns that extra demands would cause banks to crimp their lending, three sources said. The Basel Committee of banking supervisors from nearly 30 countries met in Chile last month in an effort to complete new...

  • Dead heat horse race

    Overall, medium-term gains for stock investors should be moderate, said Kate Moore, chief equity strategist at BlackRock.

  • MILAN, Dec 13- UniCredit has raised the bar for other Italian banks by announcing a radical clean-up of its balance sheet through the sale of bad loans worth 17.7 billion euros. Italy's biggest lender by assets said on Tuesday that it plans to raise 13 billion euros in a share issue early next year to offset the capital hit from 8 billion euros in fourth-quarter...

  • Warren Buffett

    While the rest of the market awaits a big milestone, Warren Buffett just passed a milestone of his own.

  • TORONTO, Dec 13- Canada's main stock index resumed a recent rally on Tuesday after a slip in the prior session, helped higher by gains among heavyweight banking and energy stocks, while materials stocks weighed. At 10:27 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index rose 53.04 points, or 0.35 percent, to 15,340.74. Canadian Natural Resources Ltd...

  • *Euro briefly hits 5- day high vs dollar of $1.0653. NEW YORK, Dec 13- The U.S. dollar was steady against a basket of major currencies on Tuesday on uncertainty over whether the U.S. "Understandably, the market is in a little bit of a holding pattern" ahead of the Fed's policy statement, said Richard Franulovich, a senior currency strategist at Westpac Banking Corp in New...

  • *UniCredit sees central and eastern Europe as growth area. MILAN/ LONDON, Dec 13- Italy's largest bank, UniCredit, plans to raise 13 billion euros in the country's biggest-ever share issue to shore up its balance sheet and shield itself from a broader banking crisis. They come at a turbulent time for Italian banks and the economy- with Monte dei Paschi di Siena at risk...

  • Manila- based Rizal Commercial Banking Corp was responding to comments by a Bangladeshi investigator that some Bangladesh Bank officials deliberately exposed its computer systems and enabled hackers to steal the money from its account at the Federal Reserve Bank of New York. Bangladesh Bank had been demanding that RCBC compensate it for the loss, blaming...

  • Cramer on downgrades: Analysts just don't believe

    The "Squawk on the Street" crew discusses the banking sector as the Dow heads towards 20,000.

  • MILAN/ LONDON, Dec 13- Italy's largest bank, UniCredit, plans to raise 13 billion euros in the country's biggest-ever share issue to shore up its balance sheet and shield itself from a broader banking crisis. The plans announced on Tuesday, which also include 14,000 job cuts, come at a turbulent time for Italian banks and the economy- with Monte dei Paschi di Siena at...

  • LONDON, Dec 13- Global banking regulators have softened proposed new capital rules in a bid to ease European concerns that extra demands would cause banks to crimp their lending, three sources said. The Basel Committee of banking supervisors from nearly 30 countries met in Chile last month in an effort to complete new bank capital rules used by lenders in the...

  • LONDON, Dec 13- Global banking regulators have softened proposed new capital rules in a bid to ease European concerns that piling on requirements would cause banks to crimp their lending, three sources familiar with the discussions said on Tuesday. Among the most contentious elements, Basel proposed a "floor" for capital, which sources said Basel members have...

  • LONDON, Dec 13- Global banking regulators have softened proposed new capital rules in a bid to ease European concerns that piling on requirements would cause banks to crimp their lending, three sources familiar with the discussions said on Tuesday. Among the most contentious elements, Basel proposed a "floor" for capital, which sources said Basel members have...

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