Finance Banks

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  • The FDIC issues federal bank licenses. "That's a growth trajectory that the FDIC traditionally hasn't been comfortable with," Cagney said. FDIC spokesman David Barr declined to comment.

  • LONDON, July 27- British government bonds chalked up their strongest gains since the days following the country's Brexit vote as investors sought to buy fixed-income assets before central banks provide further stimulus for economies around the world. Federal Reserve would not cut rates later on Wednesday and bond purchases by the European Central Bank and...

  • SAO PAULO, July 27- Latin American currencies weakened on Wednesday as traders adopted a cautious stance ahead of a U.S. Markets were mostly unfazed by news that Japan will announce a $265 billion stimulus package next week, ramping up pressure for the central bank to announce complementary monetary easing following a meeting later this week.

  • *Wall Street falters as Apple shine fades; Fed statement awaited. NEW YORK, July 27- The yen eased against the dollar on Wednesday after Japan unveiled a surprisingly large $265 billion stimulus package, while U.S. equity markets pared early gains as investors awaited the end of two-day meeting of Federal Reserve policymakers. Wall Street opened higher,...

  • *Spain had more than 50 savings banks before crisis. ONTINYENT, Spain, July 27- The patient had made an appointment to see the surgeon at his consulting room in the local hospital, but when he arrived, he told Dr Antonio Carbonell he wasn't actually unwell. Out of more than 50 small savings banks in Spain, known as cajas, Ontinyent is one of only two that survived the...

  • *Bank health check results due at 2000 GMT on Friday. LONDON/ MILAN July 27- Italy's Monte dei Paschi is once again expected to be among the banks that fare worst in EU stress tests, a concern for investors across Europe who fear its frail finances could destabilise the region's banking system. The results of the 2016 health check for 51 lenders across the European...

  • BEIJING, July 27- China is considering rules to restrict investments by small banks in the country's $3.5 trillion wealth management product industry, draft rules seen by Reuters show, as concerns rise they are taking increasing risks. Draft rules from the China Banking Regulatory Commission, seen by Reuters on Wednesday, target riskier assets most often...

  • LONDON/ MILAN, July 27- Banca Monte dei Paschi di Siena has asked at least eight banks to guarantee a five billion euro cash call as Italy's third-largest bank races against the clock to comply with regulators' demands to strengthen its balance sheet, a source familiar with the matter told Reuters. JPMorgan and Mediobanca, who are leading the fund raising as global...

  • CAIRO, July 27- Egypt's largest listed bank, Commercial International Bank, became the latest lender on Wednesday to reduce the amount of foreign currency customers can spend and withdraw abroad using debit and credit cards. Last month, Egypt's central bank wrote to bank chiefs asking that they "ensure that debit cards, including pre-paid cards, issued in local...

  • BLAIRSVILLE, Ga. _ United Community Banks Inc. on Wednesday reported second-quarter net income of $25.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. United Community Banks shares have decreased roughly 2 percent since the beginning of the year.

  • LONDON, July 27- Gold steadied near $1,320 an ounce on Wednesday as traders awaited the outcome of a two-day Federal Reserve policy meeting later, which will be closely watched for any clues on the scale and pace of interest rate hikes this year. Spot gold was at $1,320.12 an ounce at 0930 GMT, little changed from $1,319.84 late on Tuesday. U.S. gold futures for August...

  • JERUSALEM, July 27- Israel's financial system remains stable but is exposed to the risk of a sharp decline in the prices of homes and financial assets, the Bank of Israel said on Wednesday. "A macroeconomic stress test on the banking system shows that even if a serious recession were to take place in Israel, the banking system would maintain its stability," the report...

  • Italian banks don’t face systemic crisis, but need work: Pro

    William Hobbs, head of investment strategy UK and Europe at Barclays Wealth and Investment Management, says there’s a lot that needs to be done for Italy’s banks, and recapitalization won’t completely fix that.

  • NEW YORK— Well at least the Democrats and the Republicans agree on something at their conventions: They both want to revive a Depression-era bank law that was abolished more than 15 years ago. The platforms of both parties call for the reinstatement of the Glass-Steagall Act, a law that would lead to the breakup of major U.S. banks like JPMorgan Chase in order to...

  • WASHINGTON— With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest policy meeting Wednesday, most analysts think it will signal that it wants to see further gains before raising interest rates again. "If we get decent economic news between now and September, I think the odds...

  • Deutsche Bank's Q2 net income plunges

    Deutsche Bank announced revenue and income falls Wednesday, which could add further concerns for investors made jittery by a combination of Brexit and previous issues at the bank. CNBC discusses.

  • ZURICH, July 27- Swiss private bank EFG International is on track to complete a planned takeover of embattled wealth manager BSI in the fourth quarter, it said on Wednesday after posting a 53.5 percent drop in first-half net profit. Zurich- based EFG agreed in February to buy Grupo BTG Pactual SA's Swiss private banking unit BSI as it aims to become one of...

  • A Santander bank branch in New York.

    Spanish bank Santander reported net profit of 1.27 billion euros ($1.42 billion) in the second quarter of 2016, down 49.7 percent from a year ago.

  • HONG KONG, July 27- Shadow banking activity in China has expanded further and now accounts for nearly a third of the total banking sector assets, raising financial risks in the world's second-largest economy, rating agency Moody's Investor Service said on Wednesday. Shadow banking assets in China increased by 30 percent last year, reaching almost 54 trillion...

  • Earnings shows strength of Santander’s diversification: CFO

    Santander CFO José García Cantera talks about how the lender is faring in different markets, in light of its recent earnings report.

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