×

Finance Banks

More

  • TOKYO, Nov 18- The dollar was poised for robust weekly gains on Friday, after Federal Reserve Chair Janet Yellen provided a strong signal that U.S. interest rates will likely increase by year-end. President-elect Donald Trump said during his election campaign that he would replace Yellen when her term expires. "While we continue to believe that the December FOMC...

  • TOKYO, Nov 18- The euro skidded to a nearly one-year low against the dollar in Asian trading on Friday, as investors expect the European Central Bank to maintain its loose monetary policy stance to stoke euro zone inflation while the U.S. Federal Reserve is poised to raise rates by year-end. The euro inched down on the day to $1.06200 after falling as low as $1.06195,...

  • NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System and the Freelancers Union convene a forum titled "The Evolution of Work." Speakers include William Dudley, president and CEO of the Federal Reserve Bank of New York, and Lael Brainard of the Board of Governors of the Federal Reserve System. NEW YORK- Federal Reserve...

  • NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System and the Freelancers Union convene a forum titled "The Evolution of Work". Speakers include William Dudley, president and CEO of the Federal Reserve Bank of New York, and Lael Brainard of the Board of Governors of the Federal Reserve System. NEW YORK- Federal Reserve...

  • BRUSSELS, Nov 18- The European Central Bank risks conflicts of interests over its bank supervision powers when it uses the same staff to perform monetary and supervisory functions, EU auditors said on Friday. They also cautioned about ECB's excessive reliance on national supervisors, and said the bank had not provided it with all the information they needed.

  • Cramer spells out why Donald Trump has removed the 'gloom' on Wall Street

    Jim Cramer compares Trump's election to the moves of Ronald Reagan and Alan Greenspan, and thinks the optimism is here to stay.

  • U.S.-BASED FINANCIAL/BANKING SECTOR FUNDS ATTRACT $6.7 BLN; LARGEST INFLOWS ON RECORD- LIPPER.

  • Incoming President Donald Trump and other key Republicans who will be running Congress have been critical of the U.S. central bank and could pose a threat to its hallowed independence from political interference. In September, Trump accused Fed Chair Janet Yellen of keeping interest rates low to make President Obama look good. Representative Jeb Hensarling,...

  • TORONTO, Nov 17- Canada's main stock index rose on Thursday to its highest close in three weeks as Canadian banks tracked gains for their U.S. counterparts on expectations that the Federal Reserve will raise interest rates in December. Bond yields resumed their march higher since last week's U.S. election as Fed Chair Janet Yellen said in congressional...

  • NEW YORK, Nov 17- The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings. Federal Reserve Chair Janet Yellen, in her congressional testimony, solidified bets that the central bank was on track to raise...

  • NEW YORK, Nov 17- The U.S. dollar climbed to a 13-1/ 2- year high and global stock indexes rose on Thursday after comments by U.S. Federal Reserve Chair Janet Yellen bolstered the case for raising interest rates next month. Yellen, who testified on the economic outlook before the congressional Joint Economic Committee, indicated little had changed following the...

  • Donald Trump

    Most hedge fund managers are feeling pretty good about a Donald Trump presidency, even though they have some significant reservations.

  • BRUSSELS, Nov 17- European Union bail-in rules to reduce taxpayers' costs in bank rescues may not be appropriate if a banking crisis is systemic, a senior European Commission official said on Thursday. The comments by Jose Leandro, a top adviser to Commission president Jean-Claude Juncker on euro zone reform, could signal a departure from a German-led model that...

  • MEXICO CITY, Nov 17- Mexico's central bank raised interest rates on Thursday and warned that the election of Donald Trump as U.S. president had cast doubt on the direction of Latin America's No. 2 economy. The Banco de Mexico raised its key rate by 50 basis points to 5.25 percent, as expected by the median of 15 analysts polled by Reuters from the end of last week.

  • NEW YORK, Nov 17- The benchmark S&P 500 index rose and was near its record high on Thursday as bank stocks got a boost on bets that the U.S. Federal Reserve was on track to raise interest rates in December following comments by Chair Janet Yellen. Banks, which would benefit from higher rates, rose, and Yellen's vow to stay in her job for the duration of her current term...

  • BRUSSELS, Nov 17- European Union bail-in rules to reduce taxpayers' costs in bank rescues may not be appropriate if a banking crisis is systemic, a senior European Commission official said on Thursday. The comments by Jose Leandro, a top adviser to Commission president Jean-Claude Juncker on euro zone reform could signal a departure from a German-led model that...

  • WASHINGTON, Nov 17- JPMorgan Chase& Co has agreed to pay U.S. authorities $264 million to resolve allegations that it hired the relatives of Chinese officials in order to win banking deals, the U.S. Securities and Exchange Commission and the Justice Department said in statements Thursday. In a multi-year investigation, the SEC and Justice Department had been...

  • *Fed could raise rates "relatively soon"- Yellen. Nov 17- The S&P 500 was within shouting distance of its record high on Thursday as bank stocks got a boost after Federal Reserve Chair Janet Yellen indicated the central bank was on track to raise interest rates at its meeting next month. U.S. stocks had been on a tear since Donald Trump's surprise victory in the U.S....

  • BRUSSELS, Nov 17- European Union bail-in rules to reduce taxpayers costs in bank rescues may not be appropriate to face a systemic banking crisis, a senior Commission official said on Thursday, signaling a possible departure from a German-led model that has caused concerns in southern European countries. Jose Leandro, who is one of the top advisers to...

  • Chase: I'm relatively bullish on the market

    Andy Chase, Morgan Stanley Private Wealth, weighs in on the current market environment, amid a Trump presidency and possible Fed rate hike.

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.