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Finance Banks

  • BOSTON/ SAN FRANCISCO, March 1- The Federal Reserve is setting the stage for a U.S. interest-rate increase later this month, with the central bank's leading voice on international economics saying the global economy seems to have turned a corner, clearing the way for a hike "soon." "After being an important constraint in the past few years, the external environment...

  • Goldman Sachs run not done: Trader

    "Fast Money" trader Guy Adami pitches to the desk why to buy Goldman Sachs.

  • Ellison: Financials fundamentally poised to improve for years to come

    David Ellison, Hennessy Funds, and Jason Goldberg, Barclays, share their outlook on financials.

  • DALLAS/ NEW YORK, March 1- The Federal Reserve is setting the stage for a U.S. interest-rate increase later this month, with another policymaker Wednesday making the case that economic strength at home and stability abroad have created a window for action. The comments were the latest in a period with an unusually high concentration of Fed speeches, with four out...

  • *Lucy Neville-Rolfe handed new Brexit role. LONDON, March 1- Britain has sidelined the minister responsible for financial services from addressing the impact on the sector of leaving the EU, a shakeup that a senior bank executive called a "vote of no confidence" in the industry's main government contact. The new arrangement means Simon Kirby, the Treasury's...

  • Trading Nation: Bank stocks surge

    Chris Verrone, Strategas Research Partners, and Gina Sanchez, Chantico Global, discuss the moves in bank stocks with Melissa Lee.

  • A Wells Fargo bank branch in New York City.

    More Wells Fargo customers may have been impacted by a sales scandal than believed before, a new filing has revealed.

  • The amount of commercial bank loans to state and local governments has more than doubled since the financial crisis, increasing from $66.5 billion at the end of 2010 to $153 billion by the end of 2015, according to the SEC. The SEC said it will seek public comment on the proposal before taking its final action. The National Federation of Municipal Analysts in...

  • President Donald Trump's measured and inclusive tone in his first speech to a joint session of Congress since taking office added to the optimism in the market. New York Fed President William Dudley, among the most influential U.S. central bankers, said on Tuesday that the case for tightening monetary policy "has become a lot more compelling" since the election...

  • President Donald Trump's measured and inclusive tone in his first speech to a joint session of Congress since taking office added to the optimism in the market. New York Fed President William Dudley, among the most influential U.S. central bankers, said on Tuesday that the case for tightening monetary policy "has become a lot more compelling" since the election...

  • *Loonie touches its weakest since Jan. 20 at C $1.3357. TORONTO, March 1- The Canadian dollar weakened on Wednesday against its U.S. counterpart to a fresh five-week low, pressured by increased chances of a Federal Reserve interest rate hike in March and a cautious tone from the Bank of Canada. "I think they will keep doing that until we get some clarity on U.S. policy,"...

  • TORONTO, Feb 23- Canada's main stock index bounced higher on Wednesday as its heavyweight financial services group cheered signs from U.S. New York Fed President William Dudley, one of the most influential U.S. central bankers, said the case for tightening monetary policy had become "a lot more compelling," while San Francisco Fed President John Williams said he...

  • NEW YORK, March 1- The dollar hit a seven-week high on Wednesday after hawkish comments from two Federal Reserve officials late on Tuesday increased expectations that the U.S. central bank is closer to raising interest rates. Williams and Dudley are very strongly signaling the fact that March is a live meeting, and thats occurring against the backdrop of...

  • *Loonie touches its weakest since Jan. 20 at C $1.3346. TORONTO, March 1- The Canadian dollar weakened on Wednesday to a fresh five-week low against its U.S. counterpart ahead of a Bank of Canada interest rate decision, pressured by increased chances of a Federal Reserve interest rate hike in March. President Donald Trump's first major policy speech to Congress.

  • A Wells Fargo bank branch in New York City.

    CNBC's Wilfred Frost reports that Wells Fargo has announced new compensation measures for executives to promote accountability.

  • Canada's sixth-largest bank said net income in its personal banking and commercial business rose 18.3 percent to C $213 million, helped by higher personal mortgage lending. Net income in its wealth management business rose to C $101 million in the first quarter ended Jan. 31 from C $77 million. National Bank of Canada, which was the top adviser on Canadian debt...

  • Trading Trump's Congressional address

    Jeff Korzenik of Fifth Third Bank gives his take on the markets following President Trump's first Congressional address.

  • March 1- National Bank of Canada said its first-quarter profit surged 90.4 percent compared with the year-ago period, when it took a write-off charge of C $236 million. Canada's sixth-largest bank said its net income rose to C $497 million, or C $1.34 per share, in the latest quarter from C $261 million, or 67 Canadian cents per share, a year earlier.

  • LONDON, March 1- Gold fell on Wednesday as the dollar gained after comments from U.S. Federal Reserve officials raised expectations of an interest rate hike in March and overshadowed President Donald Trump's first major policy speech to Congress. New York Fed President William Dudley-- one of the most influential U.S. central bankers-- said the case for...

  • LONDON, March 1- The dollar hit its highest in seven weeks on Wednesday as signs from two influential Federal Reserve policymakers that interest rates could rise this month overshadowed President Donald Trump's first major policy speech to Congress. New York Fed President William Dudley, a permanent voter on the U.S. central bank's open market committee and...

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