NEW YORK, Oct 17- The U.S. dollar retreated from seven-month highs on Monday as investors evaluated whether the Federal Reserve will let inflation run above target before raising interest rates, and as some investors took profits from the recent dollar rally. "The question is if the Fed is going to let inflation run hot and then have to tighten very aggressively at...
NEW YORK, Oct 17- U.S. Treasury yields fell on Monday, pulling back from four-month highs, as bargain-minded investors bought bonds whose prices had fallen after Federal Reserve Chair Janet Yellen said last week the central bank may tolerate inflation above its 2- percent goal. "People see decent value at these levels," said Sharon Stark, fixed-income strategist...
CNBC's Bob Pisani looks ahead at the day's market action.
LONDON— Tense relations between Britain and Russia came under further strain Monday as Kremlin-backed broadcaster RT accused the U.K.' s NatWest bank of shutting down its accounts without explanation. RT, formerly known as Russia Today, published what appears to be a letter from NatWest informing the broadcaster that "we have recently undertaken a review of...
Fees are at all-time highs at big banks, while interest paid is at an all-time low. Does this absurdity leave customers yearning to bolt?
Bank of America, Hasbro and Tesla are making headlines this Monday morning before the opening bell.
FRANKFURT, Germany— The walking dead are gnawing at Europe's weak economy— zombie banks and zombie companies. Treasury Secretary Jacob Lew, and European Central Bank chief Mario Draghi. They say something has to be done if Europe's economy is to gain more traction and bring down unemployment.
NEW YORK— Bank of America's third-quarter profits rose nearly 6 percent from a year earlier, helped by strong results in investment banking and trading as well as lower expenses. The consumer banking giant said Monday it earned $4.45 billion in the three months ending in September after paying dividends to preferred shareholders, up from $4.178 billion in the...
The bank posted earnings of 41 cents a share on revenue of $21.64 billion.
Jeff Harte, Sandler O'Neill principal, breaks down Bank of America's quarterly numbers and provides his outlook on the big bank.
Oct 17- The European Central Bank will keep policy unchanged when it meets on Thursday, even as pressure builds on the central bank to do more, according to a majority of euro money market traders polled by Reuters. The other four traders expect the ECB to announce an extension to its monthly bond-buying beyond its current end-date in March 2017.
REUTERS POLL-15 OF 19 TRADERS SAID EUROPEAN CENTRAL BANK WILL KEEP POLICY UNCHANGED ON THURSDAY.
Claudia Pensotti of CNBC Class discusses the merger between Italian banks Banco Popolare and Banca Popolare di Milano.
Howard Davies, chairman of RBS and former BOE deputy governor, addresses allegations of wrong-doing and says the bank's reputation is crucial.
Howard Davies, chairman of RBS and former BOE deputy governor, says central bank policy has made banking less profitable, but stabilized the economy.
WARSAW, Oct 17- Poland's central bank should supervise the entire financial sector and such a transfer might take place in the next one or two years, newly appointed head of the financial supervisor KNF Marek Chrzanowski has said. "I personally think that the most reasonable solution, which has been implemented in many European Union countries, is to transfer...
Dennis Gartman, founder and editor of The Gartman Letter, says this earnings season will be to detrimental to share prices, but bank earnings will be OK.
While savings banks are under pressure, capital market banks like BofA are likely to post strong showings, says Gray Wolf Capital Management's William Smith.
NEW YORK, Oct 17- Wells Fargo& Co's decision not to introduce new names onto its board or into the ranks of its senior management in the wake of a sales scandal has raised questions about whether it can truly fix the culture which caused its problems. John Stumpf, the bank's chairman and chief executive, left last week in response to a public outcry and the bank put Tim...
REUTERS POLL- CHINA C.BANK SEEN CUTTING BENCHMARK LENDING RATE BY 25 BPS IN Q4 2017.
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