Finance Banks


  • MONDAY, MARCH 21 SAVANNAH, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on the economic outlook and monetary policy before the Rotary Club of Savannah- 1640 GMT. LONDON- European Central Bank Vice President Vitor Constancio at the European Capital Markets conference "Expanding market-based finance for sustainable growth"...

  • BOGOTA, March 18- Colombia's central bank raised its benchmark lending rate on Friday to 6.50 percent, the seventh consecutive monthly increase, as policymakers grapple with high inflation figures and a deep current account deficit. "Large increases in food prices and the partial transference of the depreciation to internal prices continue to exert...

  • *Univ. of Michigan consumer sentiment lower than expected. NEW YORK, March 18- U.S. In contrast, at the December meeting of the Federal Open Market Committee, the central bank projections showed at least four rate increases for 2016. "This is still a follow-through from Wednesday's announcement from the Fed, but we are now in the re-evaluation stage," said Jim Vogel,...

  • Katz: Buy in the next pullback

    David Katz, Chief Investment Officer at Matrix Asset Advisors, talks about the potential in financial stocks, and gives his sector advice.

  • Big bank buybacks

    CNBC's Bob Pisani reports on buybacks from JPMorgan Chase and Bank of America lifting financials today.

  • MEXICO CITY, March 18- Mexico's central bank held borrowing costs steady on Friday, noting that measures taken by financial authorities had helped spur a peso rally. In a joint announcement with the central bank, Mexico's finance ministry also said on Friday that it would cut spending this year after weak oil prices hobbled government income from sales of crude.

  • Trading Nation: Bank stocks bounce back

    Christopher Verrone of Strategas Research Partners and Gina Sanchez of Chantico Global discuss the financials market with Brian Sullivan.

  • NEW YORK, March 18- Federal Reserve supervisors can reduce but not eliminate the risk of bank failures, New York Fed President William Dudley said on Friday in a defense of his agency's Wall Street oversight as a congressional review of it ramps up. Supervisors, who sometimes work day-to-day inside banks, "can reduce the chances" that these firms fail "but can never...

  • LONDON, March 18- As central bank rhetoric turns more dovish, investors will search for further hints of easing in a week with few data releases to indicate whether years of loose monetary policy are having any material effect. The European Central Bank chopped interest rates again and bolstered its asset purchase programme earlier this month.

  • Bank of America's board authorizes repurchase of up to $800m in common stock

    The bank says the buyback will be designed to offset share count dilution from equity incentive compensation awarded to employees eligible for retirement.

  • Bank of America

    Bank of America on Friday said its board of directors has authorized increasing its common stock repurchase plan by up to $800 million.

  • JPMorgan Chase

    JPMorgan Chase, the biggest U.S. bank by assets, said it will repurchase up to $1.88 billion in common shares through the end of the second quarter.

  • NAIROBI, March 18- Kenya's KCB Group is looking at medium-sized lenders to buy as part of an expansion plan and is building up capital to boost its acquisition war chest, the chief executive of country's biggest bank by assets said on Friday. Kenya's Equity Bank had said earlier this week that it could be interested in some Barclays assets. Oigara said KCB expected...

  • *BPM, Banco trying to create Italy's No.3 bank. MILAN, March 18- Banca Popolare di Milano and Banco Popolare will decide by March 22 whether to go ahead with a planned merger, after the European Central Bank set out tough conditions for the tie-up. BPM and Banco Popolare have been discussing a deal to create Italy's third-largest lender for months.

  • Finding value in UK challenger banks

    Ian Gordon, head of banks research at Investec Securities, says Aldermore is more of a diverse play, which is why it’s his top pick within the U.K. challenger banks space.

  • PORT LOUIS, March 18- The Mauritius central bank said it has issued a banking license to Bank of China, the first Chinese bank licensed to operate on the Indian Ocean island. Zhang Xiaoqing, who is leading a team setting up the Mauritius unit, said Bank of China wanted to provide financial services to African businesses and serve multinationals and others doing...

  • LONDON, March 18- Portugal's 10- year bond yield hit a seven-week low on Friday, leading a fall in euro zone bond yields after comments from the European Central Bank appeared to put further interest rate cuts back on the table. European Central Bank Executive Board Member Peter Praet was quoted as saying that interest rates had not reached their lower limit, and...

  • MILAN, March 18- European shares opened slightly lower on Friday with banking stocks leading the decline and Italian insurer Generali down after net profit fell short of expectations. The pan-European FTSEurofirst 300 index was down 0.2 percent at 1,336.86 points by 0811 GMT, and was on course for its first negative week in five. While Germany's DAX fell 0.6...

  • Italian insurer Generali posted a 22 percent increase in its full-year net profit and boosted its financial strength, it said on Friday as new Chief Executive Philippe Donnet took over.

  • UBS Group CEO, Sergio Ermotti

    UBS' Chief Executive $14.8 million in total compensation for 2015, according to the Swiss bank's annual report which was published on Friday.

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