Finance Banks


  • LONDON, Feb 4- Bank of England Governor Mark Carney and some of his fellow policymakers are answering questions after the central bank cut its growth and inflation forecasts in its latest inflation report and voted unanimously to keep interest rates on hold. Below are some of their comments. MARK CARNEY, BANK OF ENGLAND GOVERNOR:.

  • LONDON, Feb 4- The Bank of England cut growth forecasts on Thursday and the lone advocate of a rate hike reversed his position, suggesting rates were on hold for an extended period even as its governor said the next move was still likely to be up. Echoing downbeat comments from central banks around the globe, BoE chief Mark Carney warned that global growth was only...

  • LONDON, Feb 4- The Bank of England cut its economic growth forecasts on Thursday due to a darker global outlook, and the lone policymaker who had backed a rate rise in recent months unexpectedly abandoned this position. The central bank said its Monetary Policy Committee had voted 9-0 this week to keep rates on hold at a record-low 0.5 percent, where they have been...

  • LONDON— The likelihood that the Bank of England will raise interest rates in coming months receded on Thursday, after the bank cut its economic forecasts due to the slowdown in global growth and market turmoil. While in previous months one member had voted for an increase, the unanimous vote indicates greater concerns about the effects on the U.K. of the recent...

  • FOREX-No traction for dollar after Fed rates collapse Thursday, 4 Feb 2016 | 4:24 AM ET

    LONDON, Feb 4- The dollar was back on the defensive in early trade in Europe after a collapse in expectations of a further rise in U.S. interest rates this year drove its biggest daily fall in over two months on Wednesday. Another warning by European Central Bank chief Mario Draghi that the bank would not hesitate in doing what was necessary to get inflation back to...

  • Global economic fears no justified: CEO Thursday, 4 Feb 2016 | 4:03 AM ET
    Global economic fears no justified: Credit Suisse CEO

    Credit Suisse CEO, Tidjane Thiam says the company is working very hard to achieve its targets and its well on track to deliver.

  • *Underlying Q4 earnings 822 mln euros; forecast 765 mln. AMSTERDAM, Feb 4- ING, the Netherlands' largest bank, reported better than expected fourth-quarter earnings on Thursday and sought to calm worries about its exposure to oil industry lending that led to a 20 percent fall its share price in January. Chief Risk Officer Wilfried Nagel told reporters ING had 4.8...

  • *BOJ board members told of negative rate plan days before meeting. TOKYO, Feb 4- Just days before the Bank of Japan stunned financial markets with its radical adoption of negative interest rates, members of the central bank's own policy board had also been taken by surprise by the move. That would be in keeping with the single-minded style of central bank Governor...

  • GENEVA— Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday. It reported a pretax quarterly loss of 6.4 billion, including a 3.8- billion-franc impairment charge...

  • Credit Suisse posts loss, CEO says 'buy banks' Thursday, 4 Feb 2016 | 3:43 AM ET

    Credit Suisse on Thursday posted a pre-tax loss after a challenging fourth quarter and warned its expected markets to remain volatile throughout the remainder of 2016.

  • ING to pay dividend of 2.51 billion euros Thursday, 4 Feb 2016 | 1:16 AM ET
    ING to pay dividend of 2.51 billion euros

    Patrick Flynn, CFO of ING, reports underlying net profit of of 4.2 billion euros and says the Dutch lender is unaffected by low oil prices.

  • MEXICO CITY, Feb 4- Mexico's central bank is expected to hold borrowing costs steady on Thursday after inflation expectations improved despite a deep slump in the peso last month. The Banco de Mexico hiked its key rate in December for the first time in seven years from a record low of 3 percent, hoping to support the peso after a rate increase by the U.S.

  • TOKYO, Feb 4- Bank of Japan Governor Haruhiko Kuroda said the central bank was not engaging in a currency war by adopting negative interest rates, stressing that the move was aimed at stimulating the economy through lower borrowing costs. "As with the Federal Reserve, the European Central Bank or any other major central bank, the BOJ doesn't target exchange rates...

  • TOKYO, Feb 4- The dollar nursed hefty losses against the yen and euro on Thursday after tumbling overnight when a top Federal Reserve official tempered expectations on the timing of future U.S. interest rate increases. The U.S. currency took a beating on Wednesday after New York Fed President William Dudley said financial conditions were considerably tighter...

  • TOKYO, Feb 4- The dollar nursed hefty losses against the yen and euro on Thursday after tumbling overnight when a top Federal Reserve official tempered expectations on the pace of future U.S. interest rate increases. The U.S. currency took a beating on Wednesday after William Dudley, president of the Federal Reserve Bank of New York, said financial conditions are...

  • *BOV Aviation set for $3 bln IPO, biggest for lessor. SINGAPORE, Feb 4- Fresh from taking on the world in financial services, China's cashed-up banks are targeting a bigger slice of the surging global aviation market, beefing up affiliates bent on supplying planes to airlines around the planet. Four Chinese lessors- including BOC Aviation- are among the world's top...

  • Feb 3- The Federal Reserve Bank of San Francisco on Wednesday imposed a new policy banning staff from tweeting from its official Twitter account on their personal devices, a day after the bank apologized for an employee's unauthorized tweet dismissing the Iowa caucuses as irrelevant. On Monday night, as results were coming in from the Iowa caucuses, a San...

  • Financials due for a turnaround? Wednesday, 3 Feb 2016 | 3:00 PM ET
    Financials due for a turnaround?

    Ariel Investments' Charley Bobrinskoy and Societe Generale's Larry McDonald debate a turnaround in financials.

  • Opportunity in European banks: Lasry Wednesday, 3 Feb 2016 | 2:50 PM ET
    Opportunity in European banks: Lasry

    CNBC's Seema Mody highlights an opportunity in European banks flagged by Avenue Capital CEO Marc Lasry.

  • Regional bank stocks see turnaround Wednesday, 3 Feb 2016 | 1:00 PM ET
    Regional bank stocks see turnaround

    CNBC's Bob Pisani explains the factors that are sending S&P higher.

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