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Finance Banks

  • BOE must change its numbers - mild stagflation for the UK next year

    Nick Gartside, international CIO of fixed income at JPMorgan Asset Management, discusses his expectations of today's Bank of England meeting.

  • BEIJING, Nov 3- China's central bank said it lent 437 billion yuan to 21 financial institutions via its medium-term lending facility on Thursday. Interest rates for the MLF loans were unchanged at 2.85 percent for six-month ones and 3.0 percent for one-year loans, the People's Bank of China said on its official weibo account. The central bank lent 230 billion...

  • CAIRO, Nov 3- Egypt's central bank floated the pound currency on Thursday, devaluing by 32.3 percent to an initial guidance level of 13 pounds to the U.S. dollar in a move to rebalance currency markets after weeks of turbulence. Egypt has struggled to earn dollars since a 2011 uprising drove away tourists and foreign investors-- the country's main sources of...

  • ZURICH, Nov 3- Credit Suisse reported an unexpected net profit for a second quarter in a row on Thursday though the surprise was largely down to real estate sales and Chief Executive Tidjane Thiam cautioned the outlook remained challenging. For the three months to the end of September, the Swiss bank had net profit of 41 million Swiss francs, well above the average...

  • European banks under the microscope

    Exante data Founder and CEO Jens Nordvig takes a look at the banking situation in the U.S. and Europe.

  • Outperforming our peers in Asian markets: CS CEO

    Credit Suisse CEO Tidjane Thiam talks about the company’s performance in Asia, and how it’s invested in recruiting in the region.

  • Hope DB’s US settlement is resolved soon: SocGen Deputy CEO

    Societe Generale Deputy CEO Severin Cabannes discusses the proceedings going on between Deutsche Bank and the Department of Justice and how it influences the banking sector.

  • *UK banks could face similar challenges to Swiss lenders. *They have moved thousands of staff out of Switzerland. The travails of Switzerland exemplify the tough and frustrating battle that could be ahead for Britain to prolong banks' ability to serve the entire EU from London- commonly referred to as passporting rights- after Brexit.

  • BEIJING, Nov 3- China's financial hub Shanghai will strengthen checks on sources of property downpayments, the central bank's Shanghai head office said in a notice on Thursday.

  • Carney to stay on at BoE until June 2019

    Market watchers have moved away from the idea that the Bank of England is going to cut interest rates on Thursday. CNBC’s Geoff Cutmore has the details.

  • ING underlying ROE 11.3% for first 9 months

    In light of its recent earnings, ING CFO, Patrick Flynn says the company wants to maintain an ROE (return on equity) above 10 percent when dealing with a low rate environment.

  • Investing in innovation is fundamental: ING CFO

    ING CFO, Patrick Flynn, talks about the company’s outlook on costs when coping in a low rate environment, while commenting on its adoption of digital.

  • Credit Suisse Q3 profit beats analyst estimates

    CNBC’s Carolin Roth says Credit Suisse’s strategy is starting to bear fruit, when discussing the bank’s latest earnings report.

  • Expect lower rates for longer: SocGen Deputy CEO

    Talking about its latest quarter, Societe Generale Deputy CEO, Severin Cabannes said the firm benefited from strong activity in rates, credit and structuring.

  • Societe Generale SA headquarters in Paris, France.

    Société Générale posted a 2.4 percent year-on-year slide in third-quarter net income on Thursday to 1.1 billion euros ($1.2 billion).

  • LONDON- Bank of England Deputy Governor Jon Cunliffe speaks at the Association for Financial Markets in Europe Annual dinner- 2055 GMT. BERLIN- Bank of England Executive Director for Resolution Andrew Gracie is a panelist at the Financial Risk and Stability Network Financial Stability Conference 2016- 1245 GMT. CAMBRIDGE, United States- European Central Bank...

  • LONDON- Bank of England Deputy Governor Jon Cunliffe speaks at the Association for Financial Markets in Europe Annual dinner- 2055 GMT. BERLIN- Bank of England Executive Director for Resolution Andrew Gracie is a panelist at the Financial Risk and Stability Network Financial Stability Conference 2016- 1245 GMT. CAMBRIDGE, United States- European Central Bank...

  • A customer leaves an ATM at a Wells Fargo branch in Denver.

    Sources told Dow Jones that the SEC has requested documents from the bank in recent weeks.

  • Bair: Fed probably didn't want to raise rates before election

    Sheila Bair, former FDIC Chair, weighs in on the Fed's latest policy statement and the election.

  • Nov 2- The S&P 500 ended lower on Wednesday for a seventh straight session, its longest such streak in five years, as the Federal Reserve signaled it could hike interest rates in December and the uncertain U.S. election continued to cloud the market's outlook. It was the last Fed decision before next week's presidential election between Democrat Hillary Clinton...

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