Finance Banks

  • Significant changes due to hard Brexit / hanges rely on details

    UBS CEO Sergio Ermotti says that the company will assess its options in Europe should the U.K. undergo a "hard Brexit".

  • How European and United States banks compare

    CNBC's Carolin Roth weighs in on UBS' latest earnings data, as well as competition between banks from Europe and the United States.

  • Significant momentum in our US business: UBS CEO

    UBS CEO Sergio Ermotti weighs in on his company's latest earnings, adding that clients are optimistic about the new Trump administration.

  • China's One Belt One Road infrastructure lending could create new asset-quality risks for its banks, Fitch Ratings warned.

  • 'One Belt, One Road' projects may not deliver returns: Fitch

    Kalai Pillay, Fitch Ratings, says that One Belt One Road infrastructure projects are financed by Chinese policy banks, which don't face the same level of scrutiny.

  • TORONTO, Jan 26- Bank of Nova Scotia on Thursday opened a new facility to develop technology such as blockchain and artificial intelligence, looking to position itself ahead of rivals in the hotly competitive fintech sector. Scotiabank has opened similar hubs in Mexico, Peru, Chile and Columbia, which it has identified as key markets as it looks to diversify from...

  • *Banks offer 50 pct pay rises; salaries up to $175,000. SHANGHAI, Jan 27- Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. Demand from Chinese banks for experience in blockchain more than doubled last year and will grow further this year,...

  • MEXICO CITY, Jan 26- Mexico's Grupo Financiero Banorte, the country's fourth-largest bank by assets, on Thursday reported a 6 percent rise in fourth-quarter profit, boosted by strong performance in its consumer and corporate loan portfolios. Banorte, the largest Mexican-owned bank in the country, said profit rose to 5.244 billion pesos during the...

  • FRANKFURT, Jan 26- The euro zone economy started the year on a solid footing and the European Central Bank should start plotting an exit from stimulus if the recent inflation rise proves lasting, ECB policymaker Jens Weidmann said on Thursday. Warning against keeping monetary policy too easy for too long, Weidmann, the influential head of Germany's Bundesbank,...

  • SAO PAULO, Jan 26- The Brazilian central bank's recent easing of reserve requirements for commercial lenders could lead to a more business-friendly oversight of the industry and more credit issuance, Banco Santander Brasil SA's top executive said on Thursday. Indications that central bank policymakers could slash the overnight lending rate to...

  • SAO PAULO, Jan 26- The Brazilian central bank's recent decision to ease reserve requirements for commercial lenders could lead to less state oversight of the industry, paving the way for more credit, Banco Santander Brasil SA's top executive said on Thursday. Indications that central bank policymakers could slash the overnight lending rate to single-digit...

  • A customer exits a Citigroup Inc. Banamex bank branch in Mexico City, Mexico.

    Whether by foresight or mere good fortune, U.S. banks have reduced their exposure to Mexico just as tension is heating up.

  • President Donald Trump delivers his inaugural address on the West Front of the U.S. Capitol on January 20, 2017, in Washington.

    If Trump is going to tackle financial reform, this should be the first thing he does, says Harvard Law Professor Hal Scott.

  • A man holds a Japanese 1,000 yen banknote as he shops at a store in Tokyo.

    Bank of America Merril Lynch is tipping rates to rise in the US and says buying dollar versus yen is the trade to make a profit.

  • Trump's pledge to scale back regulatory controls would be detrimental to everybody: President of Germany's financial regulator.

  • PARIS, Jan 26- The French Senate's finance commission raised concerns on Thursday over proposed new Basel banking rules, urging the central bank governor to defend domestic banks' internal models and their treatment of specialised loans. The commission expressed worries that some of the Basel committee's proposals could negatively impact the overall...

  • Any dislocation presents opportunities: Pro on Brexit

    Alasdair Warren, head of corporate and investment banking EMEA at Deutsche Bank, says banks are starting to make preparations for what’s coming when it comes to Brexit.

  • *Beijing aims to shrink $3 trln shadow banking sector. SHANGHAI, Jan 26- China's campaign to cut high debt levels in its economy is aiming this year to shrink the $3 trillion shadow banking sector, which could drain a critical source of income for the country's banks and of funding for its fragile bond market. Shadow banking, a term for financial agents that perform...

  • LONDON, Jan 25- The fast-growing financial technology sector could hold big "systemic risks" for the banking sector and the broader economy which need to be addressed by bank regulators around the world, Bank of England Governor Mark Carney said on Wednesday. Speaking at a conference in Germany organized by the country's central bank, Carney said financial...

  • An employee inspects stacks of freshly made twenty dollar bills at the Bureau of Engraving and Printing in Washington, DC.

    While Wall Street celebrates the Dow's milestone, there is another "20" looming that could carry significantly darker overtones.

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