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  • President Donald Trump discusses the federal budget as Treasury Secretary Steve Mnuchin (R) looks on in the Roosevelt Room of the White House on February 22, 2017 in Washington, DC.

    The U.S. Treasury unveiled a sweeping plan to upend the country's financial regulatory framework, which, if successful, would grant many items on Wall Street's wishlist.

  • LONDON, June 13- A recovery in tech stocks and fresh optimism over Italy's troubled banking sector lifted European shares off 7- week lows on Tuesday, while a bounce in Capita boosted British equities. The pan-European STOXX 600 index was up 0.6 percent, almost fully recovering losses from the previous session, while Italy's benchmark rose 1 percent.

  • PRAGUE, June 13- The Czech central bank on Tuesday said it was doubling the amount domestic banks must put aside as a precaution for hard times as of July next year because of rapid credit growth. It is necessary to use good times for provisioning, as provisions enable the banking sector to operate smoothly in worse times, "Central Bank Governor Jiri Rusnok said.

  • Good time to roll back banking regulation

    Randy Kroszner, former governor at the Federal Reserve, speaks about U.S. President Donald Trump's pledge to roll back on banking regulation.

  • PARIS, June 13- The Canadian dollar climbed in an otherwise quiet trading day on Tuesday, hitting its highest level in nearly two months after comments from Canada's central bank raised the prospect that interest rates could rise as soon as this year. Bank of Canada Senior Deputy Governor Carolyn Wilkins said late on Monday that first-quarter growth in the...

  • UK bankers already know where the best European places are: German lawmaker

    Alexander Radwan, member of the German parliament for the CSU, speaks about relocating the U.K.'s banking sector to Europe post-Brexit.

  • SHANGHAI, June 13- China's yuan firmed slightly against the U.S. dollar on Tuesday, ahead of possibly tighter monetary policy at home if U.S. interest rates rise this week. The People's Bank of China set the midpoint rate at 6.7954 per dollar prior to market open, weaker than the previous fix 6.7948. The daily trading volume totalled $18.122 billion by 0350 GMT,...

  • SAN FRANCISCO/ WASHINGTON, June 13- The Federal Reserve will probably express its confidence inflation will climb towards its 2 percent target when it meets this week and delivers a widely expected rate rise, but such assurances are a poor indicator of the Fed's future policy. The central bank is likely to go ahead with another 25- basis-point rate increase on...

  • A closer look at Australia's bank levy

    Chas Roy-Chowdhury, ACCA, says the tax needs to be broad-based rather than a "tax for tax's stake" in contrast to similar measures seen in the U.S.

  • Main street push back against Wall Street could make it harder to fully roll back Dodd-Frank

    Brett McGonegal from Capital Link International says certain amendments can still be made to existing legislation that could benefit the financial sector.

  • Banks can devote more resources to launching new products instead of using them for regulatory compliance, says Ernesto Ramos from BMO Global AM.

  • Major stock indexes are near record highs again as energy companies, banks, and retailers like Amazon also rise. Facebook rose $2.35, or 1.6 percent, to $150.79 while Microsoft gained 91 cents, or 1.3 percent, to $70.69. Elsewhere hard drive maker Western Digital added $3.19, or 3.7 percent, to $89.83.

  • *Gold touches weakest since June 2. The Fed is widely expected to hike interest rates during the policy meeting beginning Tuesday, but the focus is on whether the central bank thinks the U.S. economy is robust enough to withstand further rate increases through 2017. "If they are not hawkish, gold could be stable for a little while because there seems to be a bit too...

  • *Spot gold was nearly flat at $1,264.61 per ounce at 0057 GMT. *U.S. gold futures for August delivery fell 0.2 percent to $1,266.9 per ounce. *U.S. inflation expectations tumbled last month, with one key measure hitting its lowest level since early 2016, according to a Federal Reserve Bank of New York survey that could amplify the central bank's concern over a broad...

  • **LONDON- Bank of England Director of the Supervisory Risk Specialists Charlotte Gerken will give speech at Operational Risk Europe 2017 1450 GMT. **LONDON- Bank of England Director for Banknotes and Chief Cashier Victoria Cleland will participates in the ATM& Cash Innovation Europe 2017 1420 GMT. LONDON European Central Bank board member Sabine...

  • **LONDON- Bank of England Director of the Supervisory Risk Specialists Charlotte Gerken will give speech at Operational Risk Europe 2017 1450 GMT. **LONDON- Bank of England Director for Banknotes and Chief Cashier Victoria Cleland will participates in the ATM& Cash Innovation Europe 2017 1420 GMT. LONDON European Central Bank board member Sabine...

  • June 12- Social Finance Inc, the online lender known as SoFi, said on Monday it applied for a new bank charter with the U.S. Federal Deposit Insurance Corp.. The company has applied for an industrial loan bank charter in Utah under the name SoFi Bank and listed a Salt Lake City location as its address. SoFi Bank will operate as an online-only institution, with no...

  • TREASURY RECOMMENDS EASING RULES ON DOMESTIC BRANCHES OF FOREIGN BANKS.

  • SAO PAULO, June 12- Brazil's political crisis will probably curb a long-awaited economic rebound after doubts over major fiscal reforms weakened the currency and led the central bank to signal a slower pace of interest rate cuts, economists said. The scandal broke as government data showed the economy expanding at the fastest pace in four years, emerging from a...

  • June 12- Social Finance Inc, the online lender known as SoFi, has applied for a new bank charter, according to an application posted on the U.S. Federal Deposit Insurance Corp's website. SoFi has applied for an industrial loan charter in Utah under the name SoFi Bank and listed a Salt Lake City location as its proposed depositary address, according to online news...

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