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Finance Banks

  • Former Rep. Barney Frank (D-MA) (L) and former Sen. Chris Dodd (D-CT) talk about their hallmark and namesake legislation, the Dodd-Frank reform law, on the fifth anniversary of the law at the Newseum July 20, 2015 in Washington.

    Recent court rulings may force Congress to revisit two crucial components of financial regulatory reform.

  • NEW YORK, Nov 8- U.S. lawmakers should take advantage of low interest rates by making infrastructure investments and encouraging innovations that boost productivity, a Federal Reserve policymaker said on Tuesday as Americans voted in a presidential election. The Fed, which is expected to raise rates before year end, has occasionally emerged as an issue in the...

  • WASHINGTON, Nov 8- The U.S. Supreme Court on Tuesday indicated it could allow Miami to pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers resulting in loan defaults that drove down city tax revenues and property values. In September 2015, the Atlanta- based 11th U.S. Circuit Court of Appeals overturned a lower...

  • HALIFAX, Nov 8- Structural weaknesses are weighing heavily on Canada's export sector but an improved mix of fiscal and monetary policy has taken some pressure off the central bank to stimulate demand, a senior Bank of Canada official said on Tuesday. Bank of Canada Deputy Governor Lawrence Schembri also said Governor Stephen Poloz believes the central bank...

  • *Global shipping debt estimated at $400 billion. LONDON, Nov 8- Bank of Ireland said it is winding down its shipping business, joining other banks looking to cut non-core lending and exposure to an industry suffering its worst downturn. "As previously stated, Bank of Ireland no longer lends within the shipping finance sector and we have been winding down the...

  • MOSCOW, Nov 8- Russia's biggest bank Sberbank keeps around $10 billion in bank deposits and highly liquid securities on Western financial markets, its chief financial officer told Reuters. We have there around $10 billion constantly, "he said. Sberbank has outperformed its rivals during Russia's economic crisis, earning record profits this year.

  • WASHINGTON, Nov 8- The U.S. Supreme Court on Tuesday indicated it could allow Miami to pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers resulting in loan defaults that drove down city tax revenues and property values. If the court splits 4-4, the 11th Circuit ruling would stand and Miami would prevail.

  • KIEV, Nov 8- Ukraine risks not receiving loans worth $1.3 billion that it is awaiting from the International Monetary Fund before the end of 2016, due to parliament's reluctance to pass key reforms, the head of the central bank told Reuters on Tuesday. If Ukraine does not receive the IMF cash and an additional $700 million from the European Union this year...

  • Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany, on Thursday, Oct. 20, 2016.

    Deutsche Bank says Bank of America is trading at 11 times 2017 estimated earnings, 'a slight premium to other market-sensitive banks.'

  • HALIFAX, Nov 8- Structural weaknesses are weighing heavily on the recovery of Canada's export sector but there is good reason to believe exports should strengthen as the U.S. and global economies gain momentum, a key Bank of Canada official said on Tuesday. In a speech highlighting how the central bank overestimated Canada's export recovery, Deputy Governor...

  • WASHINGTON, Nov 8- The U.S. Supreme Court on Tuesday indicated it could allow Miami to pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers resulting in loan defaults that drove down city tax revenues and property values. In September 2015, the Atlanta- based 11th U.S. Circuit Court of Appeals overturned a lower...

  • NEW YORK, Nov 8- U.S. lawmakers should take advantage of low interest rates by making infrastructure investments and encouraging innovations that boost productivity, a Federal Reserve policymaker said on Tuesday as Americans voted in a presidential election. The Fed, which is expected to raise rates before year end, has occasionally emerged as an issue in the...

  • LONDON, Nov 8- Britain's National Crime Agency is leading a criminal inquiry into the theft of money from thousands of Tesco Bank accounts that the UK financial watchdog said was unprecedented. New cyber crime agency National Cyber Security Centre, a government body, announced in November last year and tasked with handling cyber incidents in Britain, said it is...

  • As the outcome of the most bitterly fought U.S. presidential elections starts to roll out by Wednesday in Asia, the regional markets will the first to trade on the results. As a result, Asia- focused banks HSBC and Japan's Nomura Holdings Ltd are among institutions boosting staff levels, while others are raising the margin requirements for trading to cope with a...

  • *Saudi bank debt estimated at 13 bln riyals- source. DUBAI, Nov 8- Construction giant Saudi Oger has asked banks to agree to a freeze in repayments on at least 13 billion riyals of debt, sources aware of the matter said, as it seeks more time to collect money owed by the kingdom's government. The request opens the way for the company, owned by the family of Lebanese Prime...

  • BEIJING, Nov 8- China's central bank said on Tuesday that it will maintain ample liquidity in the country's financial system while taking steps to prevent asset bubbles in an increasingly leveraged economy. In its third-quarter monetary policy implementation report, the People's Bank of China said it will maintain a prudent monetary policy, fine-tuning in a...

  • RBS under fire for mistreating small business customers

    Barings Investment Director Sonja Laud takes a look at the challenges banks are facing at present, amid news that RBS is to set up compensation fund for small businesses.

  • RBS

    Scheme to reimburse fees to customers who claim they were mistreated by its small business restructuring unit.

  • Under pressure from low rate climate: Credit Agricole

    Credit Agricole Deputy CEO Xavier Musca talks about its retail banking business in France, with comment on LCL.

  • Credit Agricole boosts capital base

    Does the world need to move on from its obsession with capital levels? Credit Agricole Deputy CEO Xavier Musca weighs in while discussing earnings.

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