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  • MILAN, Dec 13- Italy's largest bank, UniCredit, said on Tuesday it would raise 13 billion euros in the country's biggest share issue to clean up its balance sheet and boost longer-term profitability. UniCredit's move comes at a troubled time for Italian banks and the economy, with the country's third-largest bank, Monte dei Paschi di Siena, at risk of failure, a new...

  • Domestic fundamentals in Indonesia are looking good

    Vera Eve Lim, CFO at Bank Danamon Indonesia, discusses expectations for the Indonesian economy in 2017.

  • Hackers are becoming more sophisticated and are targeting the global bank transfer system.

  • LONDON/ BOSTON, Dec 12- Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February's heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a previously undisclosed letter the organization sent to banks worldwide.

  • NEW YORK- Federal Reserve chair Janet Yellen holds a news conference- 1930 GMT. **HELSINKI- Bank of Finland Governor and European Central Bank council member Erkki Liikanen will speak at a news conference focused on the outlook of Finnish economy and the state of the country's public finances- 0900 GMT. FRANKFURT- European Central Bank governing council meeting.

  • Mad Money 2

    Jim Cramer explains why regional banks keep roaring even after a slew of analyst downgrades.

  • DHAKA, Dec 12- Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top investigator in Dhaka told Reuters on Monday. The comments by Mohammad Shah Alam of the Dhaka police are the first sign that investigators have got a...

  • 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.

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