Blair Effron watched his bank's star rise in a crowded field. His star may rise if Hillary Clinton is elected. » Read More
A government official is looking into the offshore accounts revealed in the Panama Papers.
*The market has been grappling with mixed signals from central bank officials, with some supporting an aggressive plan to raise rates, while Fed Chair Janet Yellen staying cautious. *Several Fed officials are slated to speak on Wednesday, including Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard.
*RBC is major lender to oil firms, Alberta consumers. TORONTO, April 6- Royal Bank of Canada, Canada's biggest lender, faces shareholders at its annual meeting in Montreal on Wednesday amid concerns over its oil and gas exposure following an increase in bad loans in the first quarter. RBC is one of the biggest lenders to oil and gas firms in Canada and has a sizeable...
ING CEO, Ralph Hamers tells CNBC why the latest monetary policy move by the European Central Bank went too far, and how it impacts banks and consumers.
TOKYO, April 6- Japanese government bonds mostly slipped on Wednesday, though the Bank of Japan's buying operations kept losses in check. The central bank offered to buy 350 billion yen of JGBs in the 1- to 3- year zone, 440 billion yen of JGBs in the 3- to 5- year zone, and 450 billion yen of JGBs in the 5- to 10- year zone, under its asset purchase programme.
WARSAW, April 6- Polish bluechip lender Alior Bank plans to raise up to 2.2 billion zlotys from a rights issue of shares to finance its flagged takeover of local rival BPH and strengthen its capital base, it said on Wednesday. PZU plans to build Poland's fifth-largest bank through Alior, which will raise its assets to 60 billion zlotys and move to the No.9 spot by...
*March new loan f'cast 1.05 trln yuan vs Feb's 726.6 bln yuan. *End-March FX reserves seen at $3.18 trln vs $3.2 trln at end-Feb. BEIJING, April 6- China's exports likely returned to growth for the first time in nine months in March while the pace of bank lending may have picked up, adding to signs that the world's second-largest economy may be stabilizing.
A key component of the Fed's stress tests is the banks' capital planning processes in the event of a crisis, says The Motley Fool's John Maxfield.
WARSAW, April 6- Polish bluechip lender Alior Bank plans to raise up to 2.2 billion zlotys from a rights issue of shares aimed at financing its flagged takeover of local rival BPH and to strengthen its capital base, Alior said on Wednesday. The bank, controlled via a 25.2 percent stake by Polish insurer PZU, wants its shareholders to approve the issue of 220 million...
Despite concerns about the safety of U.S. banks, they're the strongest they've been in decades, storied bank analyst Richard Bove said.
Alex Leyland from Leyland Private Asset Management says markets are not too concerned about the outcome of Westpac's rate-rigging accusations.
SHANGHAI, April 6- China's yuan eased against the dollar on Wednesday after the central bank fixed a softer midpoint, and traders expected further mild weakening absent any strong moves in the dollar index. The People's Bank of China set the midpoint rate at 6.4754 per dollar prior to the market open, 0.14 percent weaker than the previous fix of 6.4663.
Banks are in a much stronger position, based on liquidity and capital, than they have been in decades, argues Richard Bove from Rafferty Capital Markets.
WEDNESDAY, APRIL 6 ST LOUIS- Federal Reserve Bank of St. Louis President James Bullard gives welcome remarks before a Homer Jones Memorial Lecture event- 2230 GMT. CLEVELAND- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the U.S. and regional economic outlook and monetary policy before a joint Cleveland Association for Business...
Gerard Cassidy from RBC Capital Markets says banks have built in sufficient liquidity and capital to withstand a 2008-like scenario.
Minneapolis Fed President Neel Kashkari contended further financial system regulation is needed, but said progress has been made.
Neel Kashkari, Federal Reserve Bank of Minneapolis President & CEO, discusses his position on breaking up the banks. Kashkari saying that now is the time to reflect on what we learned since the financial crisis of 2009.
*Italy mulls fund with private investors-sources. MILAN/ ROME April 5- Italy is considering setting up a state-backed fund that would help troubled lenders by buying up bad loans and plug capital shortfalls, three sources close to the matter said, as the government looks for ways to shore up its ailing banks. Italy's banks together hold 360 billion euros of bad...
MILAN/ ROME April 5- Italy is considering setting up a state-backed fund that would help troubled lenders by buying up bad loans and plug capital shortfalls, three sources close to the matter said, as the government looks for ways to shore up its ailing bank sector. The governor of the Bank of Italy, the economy minister and the chief executives of banks UniCredit,...
Panama Papers reveal hidden offshore accounts, hitting bank stocks around the world.