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Finance Banks

  • The HSBC Holdings Plc headquarters sits in the Canary Wharf business, financial and shopping district of London.

    The Bank of England (BOE) will test the risks associated with sterling dropping by a further 32 percent from today's level to languish at a low of 85 cents by year-end.

  • LONDON, March 27- British banks need to prepare for a wide range of potential outcomes and avoid sudden changes to lending as the country gets ready to leave the European Union, Bank of England policymakers said on Monday. Just two days before Prime Minister Theresa May plans to formally notify the European Union that Britain is ready to start two years of exit...

  • Markets are down but not out after failed health-care bill: Pro

    Tim Edwards, director at S&P Dow Jones Indices, discusses how the market is reacting to U.S. President Donald Trump's failed health-care reform bill.

  • Brexit a factor in BOE stress test reform: Pro

    Gianluca Corradi, head of U.K. banking practice at Simon-Kucher & Partners, discusses changes announced Monday by the Bank of England to its stress tests for banks.

  • CNBC's Gemma Acton discusses the Bank of England's stress tests, which she anticipates will include "quite a few changes on the assumption side ... Less so on the framework side."

  • HONG KONG, March 27- China's yuan firmed on Monday, reflecting the U.S. dollar's broad declines as President Donald Trump's inability to pass a healthcare reform bill raised doubts about his ability to see through planned fiscalstimulus measures. The People's Bank of China set the midpoint rate at 6.8701 per dollar prior to market open, firmer than the previous...

  • HONG KONG, March 27- Citigroup Inc plans to double its wealth management assets in South Korea, currently at about $3 billion, by 2020, as the U.S. bank invests more in digital technology to expand its customer base in the country.

  • MADRID- Chicago Fed President Charles Evans and ECB Chief Economist Peter Praet speaks in Madrid- 1300 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Dallas Committee on Foreign Relations 1700 GMT. ONTARIO- Bank of Canada Governor Stephen Poloz will attend...

  • MADRID- Chicago Fed President Charles Evans and ECB Chief Economist Peter Praet speaks in Madrid- 1300 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Dallas Committee on Foreign Relations 1700 GMT. ONTARIO- Bank of Canada Governor Stephen Poloz will attend...

  • BOAO, China, March 26- China will substantially cut the number of sectors closed to foreign investment, its central bank governor said on Sunday. But Zhou Xiochuan of the People's Bank of China also said that as his country opens wider, "we want China to get fair treatment overseas." Among financial sectors targeted for further opening in China were banking,...

  • BOAO, China, March 25- An advisor to China's central bank said on Saturday that he believed the People's Bank of China would want a smooth transition to holding less foreign exchange reserves. Fan was speaking at the Boao Forum for Asia in southern China's Hainan province. China's foreign exchange reserves rose for the first time in eight months in February,...

  • BOAO, China, March 25- Globalization is a reality for all countries, and is not a matter of choice, the People's Bank of China's governor, Zhou Xiaochuan, on Saturday. Zhou hopes to see clearer language on free trade and globalization at a G20 summit in July, the Chinese central bank governor said at the Boao Forum for Asia. This month, G20 finance ministers and central...

  • President Donald Trump's push to force U.S. industry to bring jobs home is opening investment avenues for Chinese companies in Mexico, an executive with Industrial and Commercial Bank of China, the country's largest lender, said on Friday. Yaogang Chen, head of ICBC's Mexico unit, said U.S. industry's loss could be China's gain. China's BAIC Motor Corp Ltd in June...

  • WASHINGTON, March 24- The Federal Reserve's willingness to accept higher inflation is not an effort to "make up" for weak price increases in recent years, but to ensure its 2 percent target is viewed credibly, San Francisco Fed President John Williams said on Friday. After years of seeing inflation run below its target, the U.S. central bank wants to avoid any...

  • WASHINGTON, March 24- The Federal Reserve is not trying to push inflation higher to compensate for years of weak price increases, but aiming instead to ensure its 2 percent target is viewed credibly, San Francisco Fed President John Williams said on Friday. Fed officials' recent statements that the U.S. central bank was willing to allow above-target price...

  • MOSCOW, March 24- Russia's central bank trimmed its main lending rate on Friday and said there could now be gradual easing as inflation eases down to new post-Soviet lows. "We could have pauses, though we really see a trend towards easing, towards lowering the rate in the medium term," Central Bank Governor Elvira Nabiullina said. The bank is focused on bringing...

  • WASHINGTON, March 24- The Federal Reserve says it remitted $91.5 billion in profits to the U.S. The central bank had previously estimated in January that it would send $92 billion to the U.S. government. For 2015, the Fed sent a record $97.7 billion to the Treasury.

  • DUBLIN, March 24- Bank of Ireland Chief Executive Richie Boucher will retire before the end of the year after almost a decade in charge of the lender he guided from the brink of nationalization to lead a revival across the sector. Boucher, who joined Ireland's largest lender by assets in 2003, headed its corporate banking and retail divisions before being...

  • JOHANNESBURG, March 24- South Africa's Capitec Bank has purchased a 40 percent stake in Latvia's Creamfinance for 21 million euros, the lender said on Friday, its first acquisition outside its home market. Capitec has grown from a startup to a bank of nearly 8 million clients within 15 years in a banking sector long dominated by Barclays Africa Group, Standard...

  • WASHINGTON, March 24- Northern Trust Corp had shortcomings in its "living will" plans and has until year-end to update a proposal for how to unwind if it went bankrupt, U.S. regulators said on Friday as they granted an extension for four foreign banks to comply. The Fed and Federal Deposit Insurance Corp on Friday granted the extension and gave guidance to those four...

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