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Finance Banks

  • Bankia CFO, Leopoldo Alvear talks about the barriers it faces in getting to the 10 percent return on equity (ROE), while comparing the state of Spanish bank to Italian ones.

  • 2016A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt, Germany.

    The German lender Deutsche Bank has received a new $204 million bill for inadequate anti-money laundering controls.

  • LONDON, Jan 31- Britain's financial regulator fined Deutsche Bank 163 million pounds for serious failings in relation to anti-money laundering controls, it said on Tuesday. The fine was the biggest ever imposed by the Financial Conduct Authority or its predecessor, the Financial Services Authority. On Monday, New York's banking regulator said Deutsche Bank...

  • NEW YORK/ FRANKFURT, Jan 30- Deutsche Bank AG has agreed to pay $425 million to New York's banking regulator over a "mirror trading" scheme that moved $10 billion out of Russia between 2011 and 2015, the regulator said on Monday. The scheme involved clients buying stocks in Moscow in rubles and related parties selling the same stocks shortly thereafter through the...

  • Wall Street NYSE

    The finance world delivered a muted response to Trump's temporary ban on immigration. The New York Times reports.

  • Jan 30- Wells Fargo& Co's asset-based lending head Guy Fuchs has decided to resign and will leave the bank March 31, according to bank spokeswoman Trisha Schultz. Fuchs' resignation was first reported by The Wall Street Journal. Blakey, who oversees Wells Fargo Commercial Capital- a unit with $250 billion in assets- may take some time to decide on a replacement for...

  • NEW YORK/ FRANKFURT, Jan 30- Deutsche Bank AG has agreed to pay $425 million to New York's banking regulator over a "mirror trading" scheme that moved $10 billion out of Russia between 2011 and 2015, the regulator said on Monday. In addition, Britain's Financial Conduct Authority is about to penalize the bank roughly $200 million for the suspicious trades, a person...

  • John Cryan, chief executive officer of Deutsche Bank AG

    Regulators say "mirror trades" allowed Russian clients to move $10 billion out of the country.

  • WASHINGTON, Jan 30- The Federal Reserve on Monday announced that smaller lenders will be exempted from parts of a rigorous "stress test" of their financial health in a move that had been expected. Last year, 33 firms underwent a "qualitative" exam of back office functions but that number will be pared to 13 lenders, the Fed said. The rule is meant to remove a "significant...

  • FEDERAL RESERVE EXEMPTS SMALLER BANKS FROM PART OF ANNUAL STRESS TEST IN EXPECTED MOVE.

  • Banks down despite Trump attack on regulation

    Jeffery Harte, Sandler O'Neill, and Dick Bove, Rafferty Capital VP, weigh in on financials as President Trump aims for more deregulation and the repeal of Dodd-Frank.

  • Jan 30- Wells Fargo& Co's asset-based lending head Guy Fuchs has decided to resign and will leave the bank March 31, according to bank spokeswoman Trisha Schultz. Fuchs has resigned because he prefers working with colleagues and customers on transactions as opposed to having a role that requires a large amount of administrative responsibilities, Schultz said...

  • The more things change, the more analyst ratings stay the same

    Even with the market at all-time highs, big bank equity research ratings almost never change. CNBC's Eric Chemi reports.

  • By Francesco Guarascio and Huw Jones. LUXEMBOURG/ LONDON, Jan 30- The European Union should create a publicly-funded asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. In a speech in Luxembourg on Monday, EBA Chairman Andrea Enria sketched out how...

  • Jan 30- Goldman Sachs Group Inc CEO Lloyd Blankfein became the first major bank CEO to speak out against President Donald Trump's order to halt arrivals from several Muslim-majority countries. Most U.S. corporate bosses have stayed silent on Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash...

  • LUXEMBOURG/ LONDON, Jan 30- The European Union should create an asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an...

  • NEW YORK, Jan 30- U.S. Traders are pricing in only a 4 percent chance of a rate hike this week, after the U.S. central bank raised rates for the first time in a year in December, according to the CME Group's FedWatch Tool. Refunding announcements and borrowing projections by the Treasury Department will be a focus for traders.

  • Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc.

    Blankfein used a voicemail to employees to make known his position about Trump's order.

  • LONDON, Jan 30- The European Union should create an asset management company to scoop up a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an average bad loan...

  • MILAN, Jan 30- Italy's biggest bank by assets, UniCredit, said on Monday its end-2016 capital ratios would fall short of European Central Bank requirements, highlighting the importance of its planned 13 billion euro rights issue. This is because the bank expects to book 12.2 billion euros in one-off charges in the fourth quarter- a figure already announced to the...

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