Finance Banks

  • NEW YORK, Aug 12- Heather Cox, who Citigroup Inc hired two years ago to spearhead innovations in digital consumer banking, is leaving the bank to work for USAA, the financial services provider. USAA announced on Friday that it had hired Cox and Citigroup consumer banking chief Stephen Bird sent an internal memo saying she would be replaced on an interim basis by...

  • LIMA, Aug 12- Peru's central bank said on Friday it was "comfortable" with the current level of the benchmark interest rate, which it has held at 4.25 percent for the past six months, and that future adjustments could go "in any direction."

  • Carl Icahn

    Through his company CVR Energy, Icahn is preparing a bid for a Brentwood, Tennessee-based refiner, according to a report.

  • NEW DELHI, Aug 12- Soaring food prices in July kept India's headline inflation above the Reserve Bank of India's near-term target, underscoring the challenge facing the next central bank governor. At his last monetary policy review on Tuesday, central bank chief Raghuram Rajan left key interest rates unchanged, flagging upside risks to the inflation target.

  • UBS says China started bailing out banks

    Analysts at the firm say the country has made progress in recognizing and dealing with its debt problems.

  • BEIJING, Aug 12- A unit of the World Bank will issue bonds denominated in special drawing rights in China's interbank bond market, China's central bank said on Friday. The first batch of bonds worth 500 million SDR will be issued in August by the Industrial and Commercial Bank of China, China's biggest lender of assets, ICBC said on its WeChat account on Friday.

  • Wall Street NYSE

    Big Wall Street banks are asking the Fed to grant them an additional five-year grace period to comply with a financial reform regulations.

  • FRANKFURT, Aug 12- A small cooperative bank in the Bavarian Alps is breaking a German taboo by charging wealthy clients to deposit their money following the European Central Bank's shift to negative rates. Raiffeisenbank Gmund on the idyllic Tegernsee lake, home of wealthy actors and sports stars, will apply a custody charge of 0.4 percent to sight deposit...

  • BEIJING, Aug 12- Chinese banks extended 463.6 billion yuan in net new yuan loans in July, disappointing analyst expectations and coming in lower than the previous month's lending of 1,380 billion yuan. The central bank said on Friday the broad M2 money supply grew at 10.2 percent from a year earlier, missing forecasts. Outstanding yuan loans grew at 12.9 percent...

  • The murky balance sheets of China's banks have long spurred fears of an impending crisis, but the clean-up may already be proceeding apace, UBS said.

  • TOKYO/ SINGAPORE, Aug 12- The dollar held firm on Friday, supported by comments from a senior Federal Reserve official suggesting a U.S. interest rate increase this year is still a real possibility as inflation pressures emerge. It may take time a bit but its direction is clearly looking upwards, "said Koji Fukaya, CEO of FPG Securities. Against the yen, the dollar...

  • India Capex

    Credit Suisse PB APAC's Sailesh Jha outlines factors that will support increased capital spending by both India's public and private sector.

  • WELLINGTON, Aug 12- The Reserve Bank of New Zealand said on Friday it was delaying the start of proposed changes to property investment loan-to-value restrictions nationwide by a month to Oct. 1, in response to feedback from the banking sector. New Zealand house prices have increased by around 50 percent since 2010, driven by strong immigration, low mortgage...

  • The New York- based investment bank has appointed two co-heads of North American healthcare investment banking, Jennifer Fox and Toby King, the memo said. In addition, Anthony Hartley took on the role of head of healthcare investment banking for Europe, the Middle East and Africa, the memo said. Healthcare investment bank Leerink Partners LLC hired veteran...

  • NEW DELHI, Aug 12- Soaring food prices in July probably kept India's headline inflation above the Reserve Bank of India's near-term target, underscoring the challenge facing the next central bank governor. At his last monetary policy review on Tuesday, central bank chief Raghuram Rajan left key interest rates unchanged, flagging upside risks to the inflation...

  • SANTIAGO, Aug 11- Chile's central bank held the benchmark interest rate at 3.5 percent on Thursday, as expected, adjusting its bias towards a more neutral stance as inflation has cooled. The bank had kept the interest rate on hold since January with a bias towards gradual future hikes, as it has balanced the need to stimulate a weak economy with fears of fanning...

  • SANTIAGO, Aug 11- Chile's central bank held the benchmark interest rate at 3.5 percent on Thursday, as expected, adjusting its bias towards a more neutral stance as inflation has cooled. The bank has kept the interest rate on hold since January. Previously its bias was toward gradual future hikes, as it balanced the need to stimulate a weak economy with fears of...

  • U.S.-BASED FINANCIAL/BANKING SECTOR FUNDS ATTRACT $149 MLN IN WEEKLY PERIOD, AFTER TWO STRAIGHT WEEKS OF OUTFLOWS- LIPPER.

  • Aug 11- Big Wall Street banks are asking the U.S. In deciding whether to grant Wall Street more leeway, the Fed has asked banks to provide details on their specific investments to prove that they fall under the statutory definition of "illiquid," said the people, who requested anonymity to discuss non-public regulatory discussions. They are making their push in...

  • NEW YORK, Aug 11 (Reuters)- U.S. San Francisco Fed President John Williams, noting improved labor conditions and rising inflation, told the Washington Post in an interview released on Thursday that the Fed should raise rates this year. "The only signals that we've gotten out of central banks have really just been from other central banks," said Thomas Simons, money...

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