Finance Banks

More

  • LONDON, Sept 21- World stocks rose on Wednesday, led by a surge in bank shares, after the Bank of Japan overhauled its monetary policy to target interest rates, though the yen recovered initial losses against the dollar on skepticism those moves would stoke inflation. Expectations of a rate increase have all but evaporated after some weak economic data, and Wall...

  • Bill Clinton 'surprised' by Wells Fargo blunder

    Former President Bill Clinton says the responsible thing for Wells Fargo to do is "clean up" its account scandal, and he says it proves the Financial Stability Oversight Council is needed.

  • Sept 21- U.S. stock index futures were higher on Wednesday as investors shifted their focus to the Federal Reserve after the Bank of Japan announced a massive overhaul of its monetary policy. *Also supporting futures was a 2 percent rally in oil prices spurred by a surprise drop in U.S. crude inventories and a strike by oil workers in Norway which could affect...

  • TOKYO, Sept 21- The Bank of Japan overhauled its monetary policy framework on Wednesday, switching to targeting interest rates and the shape of the government bond yield curve from its previous policy of targeting base money. The following is a look at what is new and what has changed:. The new centrepiece of the BOJ's monetary policy is controlling the shape of the...

  • *Gold neutral in $1,313- $1,319 range- technicals. LONDON, Sept 21- Gold edged higher on Wednesday after the Bank of Japan adopted a target for long-term interest rates, and further gains are expected if the U.S. central bank holds back from a rate increase. "It provided a bit of a lift to gold as well as well as other assets, but certainly we are going to be more or less on...

  • Stumpf's testimony worst than Dimon's 'Whale': Pro

    Ian Katz, Capital Alpha Partners, talks about Wells Fargo CEO John Stumpf's testimony on Capitol Hill and why he likely angered the Senate committee. There is a case to be made this is a bigger public relations issue than a financial one, says Katz.

  • LONDON, Sept 21- Asian stock market gains on the back of a rally in Tokyo boosted emerging equities half a percent on Wednesday as investors digested the Bank of Japan's latest policy moves and waited for the U.S. But Asian stocks tracked their Japanese counterparts higher, with Hong Kong, Seoul and Taipei markets all rising more than. But currencies across Asia...

  • *Equities mostly track rebound in Western Europe and Asia. BUDAPEST/ WARSAW, Sept 21- Equities in Central Europe rebounded on Wednesday, tracking Western European stocks, except in Poland where continuing concerns over a possible constitutional crisis weighed on the country's assets. It eased on Tuesday because Hungary's central bank eased policy, capping...

  • *US dollar hits one-week high of 102.79 yen. SINGAPORE, Sept 21- The Bank of Japan's monetary policy reboot on Wednesday was met with a rising dollar, tepid Asian stock markets and a broad uptick in bond yields, indicating investors struggled for clarity on what the changes mean for global risk appetite. "The measures don't add a lot of stimulus into the system," said...

  • *Dollar/ yen +0.3 pct, euro/ yen +0.5 pct. LONDON, Sept 21- World stocks rose on Wednesday, led by a surge in bank shares, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates. Europe's STOXX 600 was up 1 percent in early trading with euro zone banking shares up nearly 3 percent and poised for their best day in...

  • *Expectations of pick-up in China demand underpin copper prices. MELBOURNE, Sept 21- London copper hovered below four-week highs on Wednesday ahead of a key U.S. central bank interest rate decision, but expectations of a pick-up in demand from China underpinned prices. But as indicators improve from the world's top metals user, China, it appears more likely that...

  • LONDON, Sept 21- European shares rose on Wednesday, buoyed by a rally in banks, after a policy overhaul at the Bank of Japan lifted risky assets globally. Europe took its cue from Asian markets which welcomed the Bank of Japan's decision to adopt a target for long-term interest rates. Among the fallers, however, Ubisoft declined 1.7 percent after launching...

  • SHANGHAI, Sept 21- China stocks rose slightly on Wednesday, aided by strength in property and financial stocks, although the general mood remained cautious. The market was also underpinned by surge in major steelmakers as investors bet on the next target of government-led restructuring after the disclosure of merger plans between Baoshan Iron and Steel and...

  • Wells Fargo

    CLSA's Mike Mayo says the Wells Fargo scandal has definitely hurt the bank's credibility but the actual financial harm is relatively immaterial.

  • China Banks

    Fitch Ratings' Sabine Bauer says Hong Kong banks face growing risks by lending across the border and by having exposure tied to China's yuan volatility.

  • How will the Fed affect Russia's economy?

    Andrey Kostin, CEO of VTB, talks about Russia's economy and the strength of its banking system in light of a possible September 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.