Finance Banks


  • LONDON— The head of the British Bankers' Association has warned that financial firms are planning to start leaving London within weeks because of uncertainty about the U.K.' s exit from the European Union. Chief executive Anthony Browne said in an article published Sunday that banks fear EU politicians will erect trade barriers with Britain in a bid to...

  • MONDAY, OCTOBER 24 FAYETTEVILLE, United States- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before a conference co-sponsored by the Association for University Business and Economic Research- 1305 GMT. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn...

  • SAN FRANCISCO, Oct 21- San Francisco Federal Reserve Bank President John Williams on Friday redoubled his call for raising rates soon, telling reporters after a speech here that "this year would be good" for a rate rise that he had wanted to take effect last month. With the U.S. economy "essentially at" full employment and inflation "pretty darn close" to the Fed's 2-...

  • NEW YORK, Oct 21- U.S. Treasury yields were little changed on Friday as expectations the Federal Reserve would raise U.S. interest rates by year-end offset demand for bonds following comments by European Central Bank President Mario Draghi on bond purchases. Any discussion on ECB policy would occur at its Dec. 8th meeting.

  • Janet Yellen

    Her interest in running a "high-pressure economy" threatens to add to an increasingly divisive climate at the U.S. central bank.

  • NEW YORK, Oct 21- The dollar rose to its highest since February against a basket of currencies on Friday as investors weighed the likelihood of higher U.S. interest rates, while a measure of world stocks dipped but looked set for its first weekly gain in four weeks. The dollar also was bolstered by comments from New York Federal Reserve President William Dudley...

  • Experts skeptical on new guidelines set forward by the FSA that urge banks to consider lending.

  • Marriner S. Eccles Federal Reserve building in Washington, D.C.

    The Fed may introduce more measures to test big banks' capital and liquidity levels are strong enough to safeguard the financial system.

  • Wells Fargo Bank

    "Bankers wanted the quickest, easiest sale — the low-hanging fruit,'' a former Wells Fargo banker says.

  • Earnings season relatively satisfactory

    Stephen Macklow-Smith, head of European equity strategy at JPMorgan Asset Management, discusses how different the performance of various European banks is.

  • SHANGHAI, Oct 21- Three years ago, China's central bank engineered a cash crunch to force commercial banks to reduce their reliance on short-term money markets. Once again, the People's Bank of China faces the same problem of too many banks relying on short-term borrowing. "In 2013 it seemed to be very quick- i.e. we're going to turn off this tap and you're going to have...

  • Is the market too optimistic on earnings season?

    A recovering commodities sector will impact capital intensive businesses, and lends weight to market optimism, says Edward Dempsey, CIO at Pension Partners.

  • BEIJING, Oct 21- Net foreign exchange sales by China's commercial banks in September tripled to $28.4 billion from the previous month as capital outflows increased, the country's foreign exchange regulator said on Friday. China's cross-border capital flows should be basically stable in the future, Wang told a news conference. Earlier data indicated China's...

  • FRIDAY, OCTOBER 21 SAN FRANCISCO- Federal Reserve Bank of San Francisco President John Williams speaks before the Federal Home Loan Bank 2016 Member Conference- 1830 GMT. FRANKFURT- The European Central Bank releases its quarterly Survey of Professional Forecasters, a key guide on long-term inflation expectations- 0800 GMT. TOKYO- Bank of Japan Governor...

  • Deutsche Bank

    Shares of Deutsche Bank briefly recovered levels from before the news of the Department of Justice's demand for a $14 billion settlement.

  • Wells Fargo

    Wells Fargo would like for the accounts scandal to end, but lawmakers and regulators say they will not let it go that quickly. NYT reports.

  • People walk past the New York Stock Exchange in New York City.

    Still, hedge funds manage a record of nearly $3 trillion, according to industry tracker HFR.

  • NEW YORK, Oct 20- The euro fell to a four-month low against the U.S. dollar and the greenback rose to its highest in seven months against a basket of major currencies on Thursday after the European Central Bank President left the door open to more monetary stimulus at its policy meeting. The European Central Bank left its ultra-loose monetary policy unchanged but...

  • FRANKFURT, Oct 20- Deutsche Bank's shares jumped 4 percent on Thursday following a report by German business monthly Manager Magazin, which said sovereign wealth funds from Qatar and Abu Dhabi and a Chinese investor could buy a 25 percent stake in the lender. The magazine, citing banking sources, said Qatar and Abu Dhabi's sovereign wealth funds and an unnamed...

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