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Finance Banks

  • Tom Hoenig, vice-chair of the Federal Deposit Insurance Corporation, pitched his idea to bankers attending an industry conference as a more palatable alternative to the regulatory regime which has existed since the Dodd-Frank financial legislation was enacted after the 2007-2008 financial crisis. It is likely that Hoenig's proposal would require an act...

  • WASHINGTON, March 13- University of Southern California economics professor Raphael Bostic has been named president of the Atlanta Federal Reserve bank, breaking the Fed's longstanding color barrier at the top of its network of regional institutions. As an assistant secretary at the Department of Housing and Urban Development from 2009 to 2012 he...

  • Preet Bharara, U.S. attorney for the Southern District of New York

    Not everyone in the financial world is all broken up over President Donald Trump forcing former U.S. Attorney Bharara out of office.

  • WASHINGTON, March 13- University of Southern California economics professor Raphael Bostic has been named president of the Atlanta Federal Reserve bank, breaking the Fed's longstanding color barrier at the top of its network of regional institutions. He replaces Dennis Lockhart, whose retirement in February touched off a nationwide search that drew broad...

  • WASHINGTON, March 13- University of Southern California economics professor Raphael Bostic has been named president of the Atlanta Federal Reserve bank, breaking the Fed's longstanding color barrier at the top of its network of regional institutions. He replaces Dennis Lockhart, whose retirement in February touched off a nationwide search that drew broad...

  • HARARE, March 13- Zimbabwe's mining output is under threat because banks are delaying processing foreign payments by up to three months due to a shortage of dollars, the southern African country's mining chamber warned on Monday. Zimbabwe introduced a so-called bond note currency, which is denominated in U.S. dollars, in November in a bid to ease cash shortages,...

  • *Total EM bond issuance YTD at $138 bln, TR data shows. LONDON, March 13- Turkish banks, a Ukrainian sunflower oil firm and crisis-mired countries such as Nigeria and Egypt have all stampeded to raise money on dollar bond markets this year, trying to get ahead of Fed rate increases and strike while the market is hot. It's both a carrot and stick the carrot being that the...

  • Iceland plans to lift all remaining capital controls that have been in place since the Nordic country's biggest banks collapsed in 2008.

  • WASHINGTON, March 13- University of Southern California economics professor Raphael Bostic, an expert on housing issues and former senior economist at the Fed's Board of Governors, has been named the new president of the Atlanta Federal Reserve bank. The appointment of Bostic, 50, comes amid calls for the Fed to diversify its leadership. From 2009 to 2012 he was...

  • ATLANTA FEDERAL RESERVE BANK NAMES UNIVERSITY OF SOUTHERN CALIFORNIA ECONOMICS PROFESSOR RAPHAEL BOSTIC AS NEW PRESIDENT, SUCCEEDING DENNIS LOCKHART.

  • *Mobileye jumps on $15.3 bln Intel deal. March 13- U.S. stock index futures pointed to a subdued open on Wall Street as investors bided time ahead of an all-but-certain interest rate hike by the Federal Reserve. "Right now the markets appears to be in a wait-and-see phase ahead of the Fed decision," said Andre Bakhos, managing director at Janlyn Capital in...

  • NEW YORK, March 10- Wall Street's top banks were unanimous on the view the Federal Reserve will increase interest rates at its policy meeting next week following a stronger-than-forecast February U.S. payrolls report, a Reuters poll showed on Friday. "It ticks all the boxes for the Fed to move next week," said Michael Hanson, chief U.S. macro strategist at TD...

  • LONDON, March 13- The world's biggest financial market may be only half as big as you thought it was. CLS, a vital piece of FX infrastructure for the past decade, has long reported numbers of around $5 trillion which broadly match those given by the two triennial surveys conducted since 2013 by the Bank of International Settlements and seen as the industry...

  • TOKYO, March 13- Benchmark Japanese government bonds edged down slightly on Monday as investors cautiously awaited this week's U.S. and Japanese central bank meetings. The Bank of Japan, in its asset buying operations on Monday, offered to buy 450 billion yen of JGBs maturing in five to 10 years, and 70 billion yen of JGBs maturing in up to one year.

  • :The DBS Group Holdings Ltd. logo is displayed atop the company's DBS Asia Hub building in Singapore, on Thursday, Feb. 9, 2012.

    DBS Group is looking for a new chief investment officer for its expanding wealth management division to replace Lim Say Boon, sources told CNBC.

  • This investor is overweight banks and CoCos bonds

    Arbitrage opportunities regarding regulations make contingent convertible (CoCo) bonds an interesting asset, according to Bryan Goh from Bordier & Cie.

  • TOKYO, March 13- The euro firmed to one-month highs against the dollar in Asian trading on Monday, after some European Central Bank policymakers raised the possibility of hiking interest rates before bond purchases end. The euro was up 0.2 percent at $1.0699, after rising as high as $1.0701, its highest level since Feb. 9. Some members of the ECB's Governing Council...

  • HSBC

    Shares of HSBC in Hong Kong could go up to 70 Hong Kong dollars after it tapped AIA's chief to take over as chairman, one analyst told CNBC.

  • Mark Tucker will bring new energy to HSBC: Analyst

    Jackson Wong of Huarong International Securities says the newly-named HSBC chairman, Mark Tucker, possesses the know-how when it comes to operating in Asia.

  • TOKYO, March 13- The euro edged up near a one-month high against the dollar in Asian trading on Monday, after some European Central Bank policymakers raised the possibility of hiking interest rates before bond purchases end. The euro was up 0.1 percent at $1.0691, after rising as high as $1.0699 on Friday, its highest level since Feb. 9. Some members of the ECB's...

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