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Finance Banks

  • *Qatar's GISS, Qatari Investors Group plunge. *Dubai's GFH and Arabtec surge, others barely move. DUBAI, Oct 30- Strong banking shares boosted Saudi Arabia's stock market for an eighth straight day on Sunday but the rest of the region was sluggish in response to soft oil prices and global bourses, while Qatari equities fell sharply.

  • TEL AVIV, Oct 30- Bank Hapoalim, Israel's largest bank, said on Sunday its board approved an efficiency plan under which 1,500 workers will take early retirement from 2017-2020 at a cost of 1.2 billion shekels. Starting in 2021, the bank expects annual pre-tax savings of 450 million shekels. The Bank of Israel has ordered banks to improve operational efficiency.

  • DUBAI, Oct 30- Net foreign assets at Saudi Arabia's central bank fell by $7.4 billion to $546.7 billion in September from the previous month, as the government drew down reserves to cover a budget deficit caused by low oil prices, official data showed on Sunday. They reached a record high of $737 billion in August 2014 before starting to fall. Foreign bank deposits...

  • LONDON, Oct 30- Several of the world's top central banks will meet in the coming week, but only one, the U.S. Fed Chair Janet Yellen and the rest of the Fed's policy-setters appear to have left themselves the December meeting to deliver a rate rise in 2016, with hardly anyone expecting a move only a week before the Nov. 8 election. Apart from a surprise outcome in an...

  • Mortgage Application form with shadow of a key

    The implications, while good for an industry that is believed to hold about $80 trillion in assets, carry some dark undertones.

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

    Such a purchase could be attractive if the loans were quickly sold on at a profit.

  • WASHINGTON, Oct 28- A U.S. banking regulator said on Friday it had told Congress about what it called "a major information security incident" after a former employee was found to have downloaded a large number of files onto two thumb drives before his retirement. The Office of the Comptroller of the Currency said in a statement that there was no evidence to suggest...

  • Democratic presidential nominee Hillary Clinton.

    "That's not a good story for markets, for the country. This could drag on for months and months," says one expert.

  • LONDON/ FRANKFURT, Oct 28- Deutsche Bank is among more than 20 bidders in talks to potentially buy a 3.2 billion euro loan portfolio from state-owned rival HSH Nordbank as Germany's biggest lender tries to do deals despite its troubles, sources told Reuters. Four finance industry sources with knowledge of the situation said on Friday Deutsche Bank was looking...

  • Big-Five banks report stabilising NPL ratios in Q3. SHANGHAI/ BEIJING, Oct 28- China's biggest listed lenders, facing the country's slowest growth in more than a quarter century and rising borrower defaults, reported flat third-quarter profits as they moved to clean up bad debt on their balance sheets. Industrial and Commercial Bank of China, the country's...

  • By Jesús Aguado and Angus Berwick. MADRID, Oct 28- Spanish banks showed some signs of recovery on Friday with Caixabank, the country's third largest lender, bucking a trend of shrinking European lending margins and beating profit forecasts. All three banks have seen their lending income, which makes up the bulk of their revenues, steadily slip over the past year...

  • LONDON, Oct 28- Stocks fell on Friday, curbed by yet another rise in global bond yields that also lifted the dollar to a three-month high against the yen as investors grew more confident that U.S. interest rates will rise before the end of the year. Next week the Fed, Bank of Japan and Bank of England all deliver their latest policy decisions. "The concern is that central...

  • LONDON/ FRANKFURT, Oct 28- The European Central Bank will provide stimulus until a sustained inflation rebound, even as its unprecedented measures come with side effects and face constraints, two policymakers said on Friday, just as the bank is contemplating more easing. Facing stubbornly low inflation, the ECB will decide in December whether to extend its 80...

  • The third-quarter earnings season has proven to be largely positive for banks, mostly thanks to fixed income trading.

  • MOSCOW, Oct 28- Russia's central bank kept its key interest rate unchanged at 10 percent on Friday, but said it might cut rates in the first or second quarter of next year. "The Bank of Russia will assess inflation risks and compliance of economic performance and inflation with the baseline scenario when it makes its key rate decision in the upcoming months," it said.

  • MOSCOW, Oct 28- Russia's central bank decided to hold its key interest rate unchanged at 10.00 percent, the bank said in a statement on its website on Friday.

  • LONDON, Oct 28- Weak corporate results weighed on European shares on Friday pushing the regional benchmark index to its lowest in a week, while choppy trading in banking shares saw the sector give up some of its recent gains. Banks, among the most beaten down sectors in Europe this year, have offered some support to regional markets this week following a strong set...

  • This played into overarching market sentiment that central banks worldwide are stepping back from the aggressive stimulus measures of recent years, and pushed up bond yields in the U.S. and Europe to their highest levels since before Britain's Brexit referendum in June. Federal Reserve and the European Central Bank will take in the coming months.

  • PARIS, Oct 28- BNP Paribas stole a march on its French rivals in the third quarter, with a bond trading boom playing to its strengths and helping it offset the impact of low interest rates on retail banking to beat profit forecasts. BNP Paribas, which said it ranked number 1 in euro bond issuance and number 9 for all international bonds, said it had seen a pick-up in...

  • Don't read too much into rhetoric and policy: UBS CEO

    UBS CEO Sergio Ermotti told CNBC that, despite signs that Fed will hike rates in December, he would be cautious before expecting an ending of QE and more relaxed monetary policies from central banks.

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