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  • WASHINGTON, Dec 12- The Federal Reserve Board laid out on Monday how U.S. banks can apply to take five more years to comply with the Volcker Rule, a reform emerging from the 2007-09 financial crisis that has received some of the harshest criticism from Wall Street. The rule, intended to keep banks from speculating with their customers' money, limits the amount of...

  • STRASBOURG, Dec 12- The European Commission is ready to discuss with Italy several options to address problems in its banking sector, the vice president of the EU executive said on Monday, signalling state support would be viewed benignly under EU fiscal rules. Without a direct reference to Monte Paschi, he said that Italy's problems can be tackled within EU...

  • LONDON/ BOSTON, Dec 12- Cyber attacks on the global banking system have continued- and succeeded- since February's heist of $81 million from the Bangladesh central bank, underscoring the continuing vulnerability of the SWIFT messaging network, a SWIFT official told Reuters. The revelations provide fresh evidence that SWIFT remains at risk of copycat attacks...

  • Gary Cohn, president and chief operating officer of Goldman Sachs Group Inc.

    Gary Cohn owns more than 870,000 Goldman shares outright and may decide to sell to avoid a conflict of interest.

  • David Solomon

    Cohn will be leaving to join the administration of President-elect Donald Trump, sources told CNBC.

  • Bolvin: You shouldn't panic sell, or panic buy either

    Gina Bolvin, Bolvin Wealth Management president, weighs in on the current state of the markets and shares her investment strategy.

  • ROME, Dec 12- Italy is ready to pump capital into Monte dei Paschi di Siena if the ailing bank fails to get the 5 billion euros it needs to remain in business from private investors, a Treasury source said on Monday. Italy's third-biggest bank is pressing ahead with a last-ditch attempt to raise the cash on the market this year despite a government crisis triggered...

  • NEW YORK, Dec 12- The U.S. dollar fell against most major currencies on Monday on concerns that the Federal Reserve could suggest in its next policy statement that the greenback's gains have gone too far, while a rally in oil prices boosted commodity-linked currencies. With a hike largely priced in, focus has turned to what signal the Fed will send on further policy...

  • STRASBOURG, Dec 12- The European Commission is ready to discuss with Italy a variety of possible solutions to problems in the country's banking sector, the vice president of the EU executive said on Monday. "We are in close contact with the Italian authorities and we are ready to discuss different solutions within our legal framework," Valdis Dombrovskis told the...

  • A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City.

    Ignored amid all the excitement over the postelection market rally is that the bulls have lost one key tenet of their pro-stocks argument.

  • PARIS/ MILAN, Dec 12- Amundi is to buy rival Pioneer Investments from UniCredit for 3.6 billion euros, a deal that will extend the French asset manager's reach in Europe and bring in much needed capital for the Italian bank. The deal comes as UniCredit, Italy's largest bank, prepares to publish a new business plan and announce a fundraising via a share issue that...

  • ROME, Dec 12- Italy is ready to pump capital into Monte dei Paschi di Siena if the ailing bank fails to get the 5 billion euros it needs to remain in business from private investors, a Treasury source said on Monday. Italy's third-biggest bank is pressing ahead with a last-ditch attempt to raise the cash on the market this year despite a government crisis triggered...

  • McNamee: We have a classic situation, more buyers than sellers

    Roger McNamee, Elevation Partners, weighs in on how "the election turned the markets on its head" and the cutting of taxes.

  • NEW YORK, Dec 12- The U.S. dollar fell against most major currencies on Monday on concerns that the Federal Reserve could suggest in an upcoming policy statement that the greenback's gains had gone too far, while a rally in oil prices boosted commodity-linked currencies. With a hike largely priced in, focus has turned to what signal the Fed will send on further...

  • MILAN/ FRANKFURT, Dec 12- Italy's Banca Monte dei Paschi di Siena will likely turn to Rome to help plug a hole in its finances within weeks, officials and regulators believe, although many questions remain over how the bank might be saved. The bank needs to raise 5 billion euros of fresh capital to cover losses from the sale of 28 billion euros of bad loans and the...

  • DUBAI, Dec 12- Kuwait National Petroleum Co has selected 10 international banks to provide a loan facility of more than $4 billion to back its Clean Fuels project, banking sources said. The loan, which has guarantees from various countries' export credit agencies, is expected to include the participation of BBVA, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Credit...

  • Gary Cohn, Goldman Sachs

    Cohn will add another veteran of the firm that Trump repeatedly bashed during his campaign.

  • Wells Fargo's sales practices have been under a spotlight since September when regulators ordered the bank to pay $190 million in fines and restitution to settle charges that its employees opened as many as 2 million deposit and credit card accounts without customers' permission. Former Wells Fargo employees have blamed the San Francisco- based bank's...

  • Should you buy the banks in this rally?

    Bill Smead, Smead Capital Management CEO & CIO, and John Wilson, Sprott Asset Management CEO, discuss the performance of bank stocks in the Trump rally and what we could see from the sector under President-elect Trump.

  • LONDON, Dec 12- The dollar dipped against the euro and a basket of currencies on Monday, an oil-driven rise in inflation expectations not enough to push on its broader rally as traders worried about the outcome of Wednesday's Federal Reserve policy meeting. The euro gained almost half a percent in morning trade to push back above $1.06, pushing the dollar index a...

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