Finance Banks

  • KNOXVILLE, Tenn., Aug 16- The U.S. economy is likely strong enough for at least one interest rate increase before the end of 2016, as job gains continue and inflation moves in a "healthy" direction, Atlanta Federal Reserve Bank President Dennis Lockhart said on Tuesday. "I, as one Fed policymaker, am not prepared to rule out at least one rate hike before year's end,"...

  • Mayo: 2017 to be make or break for James Gorman

    Mike Mayo, CLSA Bank Analyst, discusses ValueAct's $1 billion stake in Morgan Stanley, with the "FMHR" traders.

  • Aug 16- U.S. stocks slipped to their lowest in two weeks on Tuesday after New York Federal Reserve President William Dudley said an interest rate hike in September was possible. Bets on a December hike jumped to 42.8 percent from 37.4 percent, according to the CME Group's FedWatch tool. "I wouldn't be surprised if there was a rate hike in September because the...

  • SAO PAULO, Aug 16- Latin American currencies gave back some gains on Tuesday after an influential U.S. In an interview with Fox Business Network, William Dudley, president of the Federal Reserve Bank of New York, said, "It's possible" to raise rates at the U.S. central bank's next policy meeting on Sept. 20-21, given signs of labor market tightening.

  • NEW YORK, Aug 16- Wall Street stocks followed European and Asian bourses lower on Tuesday, retreating from record highs touched on Monday, after weak U.S. data and comments by an influential Federal Reserve policymaker that the U.S. central bank could raise interest rates as early as next month. Fed funds futures prices showed traders raised bets on a rate hike...

  • WASHINGTON, Aug 16- U.S. consumer prices were unchanged in July on falling gasoline costs, but solid gains in industrial output and home building suggested a pickup in economic activity that could allow the Federal Reserve to raise interest rates this year. Tuesday's mixed reports came as influential New York Fed President William Dudley said the U.S. central...

  • Aug 16- U.S. stocks slipped to their lowest in two weeks on Tuesday after New York Federal Reserve President William Dudley said an interest rate hike in September was possible. Bets on a December hike jumped to 42.8 percent from 37.4 percent, according to the CME Group's FedWatch tool. "I wouldn't be surprised if there was a rate hike in September because the...

  • Citigroup said it named Gavin Michael, who was JPMorgan's head of digital for consumer banking, to be head of technology for its Global Consumer Bank, replacing Mark Torkos, who retired in July. On Thursday afternoon JPMorgan said in an internal memo, which was reviewed by Reuters, that Michael "will be looking for other opportunities" and was being replaced by Bill...

  • NEW YORK, Aug 16- The U.S. dollar hit its lowest levels in more than seven weeks against the euro, yen and Swiss franc on Tuesday a day after dovish comments from a top Federal Reserve official, but pared losses after remarks from the head of the New York Fed raised expectations for a rate hike this year. The dollar hit its lowest levels against those three currencies...

  • A rodeo bucking bull Bos taurus charges after a competitor in the rodeo arena, AB,

    At a time when some of Wall Street's biggest names are heading for the exits, retail investors are betting they're wrong.

  • Aug 16- The Federal Reserve could possibly raise U.S. interest rates as soon as September, an influential Fed policymaker said on Tuesday in comments that boosted the dollar ahead of next week's signature meeting of world central bankers. New York Fed President William Dudley said that as the U.S. labor market tightens and as evidence builds of wage gains, "we're...

  • *NY Fed President Dudley says Sept rate hike possible. Aug 16- Wall Street was sharply lower on Tuesday morning, with indexes pulling away from record levels, after New York Federal Reserve President William Dudley said an interest rate in September was possible. That measure increased to 37.8 percent from 37.4 percent for December, according to CME Group's...

  • Aug 16- Citigroup Inc said on Tuesday that it named Gavin Michael head of technology for its Global Consumer Bank, replacing Mark Torkos. The news comes less than a week after it was announced that Heather Cox, who Citigroup hired two years ago to spearhead innovations in digital consumer banking, was leaving the bank to work for financial services provider USAA.

  • JPMorgan Chase & Co. bank branch

    Bernstein just downgraded JPMorgan Chase to market perform from outperform.

  • LONDON, Aug 16- The dollar hit its lowest in seven weeks on Tuesday, dipping below 100 yen for the first time since June as traders reined in U.S. interest rate hike bets following dovish comments from a Federal Reserve policymaker. The trigger for overnight weakness was a paper from San Francisco Fed President John Williams arguing that central banks might have...

  • Some banks and insurers have recently started considering the idea of keeping piles of cash in high security vaults across Europe.

  • *Anders Bouvin, head of UK operations, to take over immediately. STOCKHOLM, Aug 16- Handelsbanken, one of Europe's most profitable banks, fired its chief executive Frank Vang-Jensen after less than 18 months in the job, calling on his successor to push ahead with overseas expansion. Anders Bouvin, head of its operations in Britain where the bank has been growing...

  • *Anders Bouvin, head of UK operations, to take over immediately. STOCKHOLM, Aug 16- Handelsbanken, one of Europe's most profitable banks, fired its chief executive Frank Vang-Jensen after less than 18 months in the job, calling on his successor to push ahead with overseas expansion. Anders Bouvin, head of its operations in Britain where the bank has been growing...

  • LONDON, Aug 16- Banks in Britain are on the verge of a price war to try to revive lending subdued by the Brexit vote and to combat pressures on profitability from ultra-low interest rates, which are likely to stay that way for longer. HSBC, Lloyds Banking Group, Barclays, Royal Bank of Scotland and smaller rivals have all rolled out new lending pushes since Britain...

  • "At the moment we have no plan to go for any legal action against the Fed bank or SWIFT; rather we will seek their assistance," said Subhankar Saha, the spokesman for Bangladesh Bank. A source close to the Asian central bank last month said it was preparing litigation to seek compensation, claiming errors by the New York Fed and SWIFT had made Bangladesh Bank...

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