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  • WASHINGTON, March 9- President Donald Trump promised in a meeting with community bankers on Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access to capital. Trump, joined by National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks play a "...

  • MILAN, March 9- Struggling Italian bank Monte dei Paschi di Siena has approved a long-awaited preliminary restructuring plan that must now be cleared by European authorities for the lender to be granted a state bailout. The European Central Bank has since put the capital shortfall that the lender must fill at 8.8 billion euros, and the Italian government is...

  • Bank customer teller transaction

    Laurie Stewart, CEO of Sound Community Bank and Sound Financial Bancorp, speaks about meeting with President Trump with other community bank CEOs.

  • WASHINGTON, March 9- President Donald Trump promised in a meeting with community bankers on Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access to capital. Trump, joined by National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks play a "...

  • WASHINGTON, March 9- A U.S. Senate panel on Thursday approved with bipartisan support a raft of bills aimed at spurring capital formation, marking its first step this year toward modernizing market rules that critics have said are outdated and get in the way of business expansion and investment. The Senate Banking Committee, led by Idaho Republican Chairman...

  • President Donald Trump holds a National Economic Council listening session with the CEOs of small and community banks, in the Roosevelt Room at the White House on March 9, 2017 in Washington, D.C.

    Camden Fine, ICBA president & CEO, dicusses his meeting with President Trump and community bank executives at the White House.

  • *Etisalat missed payment on $1.2 bln loan. ABUJA/ LAGOS, March 9- Nigeria's telecoms regulator and central bank governor intervened on Thursday to try and help Etisalat Nigeria resolve debt restructuring talks with its lenders, after the company missed a payment on a $1.2 billion loan. The Nigerian Communications Commission said in a statement that it was...

  • Trump: We must ensure small bank access to capital

    At a meeting with community bank executives, President Donald Trump speaks about the importance of community banks to the economy.

  • Blodget: Real opportunity to rollback small business lending regulation

    Henry Blodget, Business Insider CEO, discusses President Trump's meeting with community banking executives.

  • LONDON, March 9- Banks' currency trading arms believe they can exempt teams of strategists from new European rules on research by changing their job titles and imposing hard limits on what they can say in public. The MiFID II directive, due to be implemented by the end of this year, is a sweeping reform of European Union securities rules to apply lessons from the 2008...

  • Community bank CEOs to meet President Trump

    CNBC's Eamon Javers reports on the House Ways & Means Committee's approval of the GOP health care bill and the meeting between President Trump and community banking executives.

  • March 9- The Federal Reserve will raise interest rates next week in response to a series of strong economic data, according to all of more than 100 economists polled by Reuters, with two more hikes likely to follow later this year. Hawkish comments from several Fed officials have pushed interest rate futures markets to bet on a rate hike on March 15, with the...

  • March 9- Wells Fargo& Co has taken further steps to restructure its retail banking business, demoting some senior executives within the bank, the Wall Street Journal reported on Thursday, citing employees and memos. Mary Mack, who took over the retail banking unit in July, wrote in a memo on Tuesday that she was reorganizing groups within the business to expand its...

  • FRANKFURT, March 9- The European Central Bank pledged on Thursday to keep its aggressive stimulus policy at least until the end of the year, maintaining its support for the economy as anti-euro sentiment rises before elections in France and the Netherlands. While expected, the decision showed the ECB's leadership was resisting calls from Germany to start...

  • Donald Trump

    President Donald Trump will meet with Main Street community bankers to learn more about their difficulties in complying with the tougher regulations.

  • enate Banking, Housing and Urban Affairs Committee Chairman Sen. Tim Johnson (D-SD) (L) with ranking member Sen. Mike Crapo (R-ID).

    A U.S. Senate panel on Thursday is poised to approve with bipartisan support a raft of bills aimed at spurring capital formation.

  • BEIJING, March 9- China's new loans fell sharply in February from near-record levels the previous month but were still higher than expected, highlighting the difficulties the government faces as it struggles to put rising debt under control. Under its new "prudent and neutral" policy, the People's Bank of China has adopted a modest tightening bias in a bid to cool...

  • The Senate Banking Committee, led by Chairman Mike Crapo, is slated to send to the Senate floor five bills, with some Democrats expected to join with their Republican colleagues to vote for and co-sponsor several of the measures. The bills would make a variety of changes to the Securities and Exchange Commission's regulations, such as raise the dollar amount of...

  • *Policy seen firmly on hold. FRANKFURT, March 9- The European Central Bank is set to keep monetary policy firmly on hold on Thursday as it casts a nervous eye towards high-risk elections in France and the Netherlands during an upsurge in populist sentiment that threatens to derail the recovery. "The fast improvement in economic data and an energy-driven jump in...

  • BERLIN, March 9- German Finance Minister Wolfgang Schaeuble said on Thursday he was in favour of a "timely start to the exit" from the European Central Bank's loose monetary policy, as the central bank gathered for a policy meeting. Speaking at an event of regional banks in Berlin, Schaeuble called for more international tough rules for big banks, adding that the U.S....

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