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Finance Banks

  • LONDON, June 22- Bank of England policymaker Kristin Forbes said on Thursday she feared the pound's weakness would have a lasting upward effect on inflation, and that she was concerned central banks were becoming more reluctant to raise rates than in the past. "'Lift-off' of UK interest rates should not be delayed any longer," she said in a speech to be given at the...

  • Hacking hacker cyber security

    A hacker group in South Korea warned the country’s biggest lenders to pay ransom or face attack, Financial Times reports.

  • LONDON, June 22- Bank of England policymakers are increasingly split over the need to raise interest rates for the first time in a decade. Carney sought to douse speculation about a rate hike when he said on Tuesday that he wanted to see how the economy copes in the coming months with the uncertainties caused by Britain's planned departure from the European Union.

  • DOHA, June 22- Executives working on a three-way bank merger in Qatar to create the country's second largest lender expect to finish valuing the deal in the coming weeks and aim to complete it by the end of the year, sources familiar with the matter said. Shareholders at Masraf Al Rayan, Barwa Bank and International Bank of Qatar were committed to pushing ahead with...

  • The Feds optimism has no real counterpart in any of the data that weve seen so far, said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York The presumption of weak economic growth is fairly firmly rooted and you can see that in the long-end of the curve. Dallas Federal Reserve Bank President Robert Kaplan on Tuesday said that the yield curve...

  • Financials, bank stress tests in focus

    Investors are watching the financials ahead of today’s bank stress tests. JJ Kinahan of TD Ameritrade gives his take on why its his top sector pick.

  • BEIJING, June 22- China's recent steps to control financial risks have gained traction as some riskier businesses carried out by banks have been contained, a senior banking regulator said on Thursday. "Implementation of supervisory policies and measures has been steady and orderly, and has produced some positive results," Liu Zhiqing, deputy director general...

  • SYDNEY, June 22- An Australian state imposed a surprise tax on the country's five biggest banks, a move that comes on top of a new $4.6 billion federal levy- prompting predictions that other states could follow suit and howls of outrage from the sector. South Australia, the country's fifth-largest state by population, announced a tax worth a combined A $370 million...

  • *Little sign of concern at appreciation from Reserve Bank. *Eyes on Norges Bank statement due at 0800 GMT. LONDON, June 22- The New Zealand dollar was the main mover in an otherwise dormant market in major global currencies on Thursday, up half a percent after the countrys central bank made no clear effort to talk the currency down at a regular policy meeting.

  • The U.K. cannot hope to retain its financial passporting benefits if it pursues a hard Brexit, says European Commission vice president Valdis Dombrovskis.

  • A Chinese policeman guards in front of a giant portrait of the late chairman Mao Zedong on the Tiananmen Gate at Tiananmen Square in Beijing, China.

    China's bond market will double in size from the current $9 trillion over the next five years to become the world's second largest, a UBS report says.

  • *Shares of a Wanda Group unit tumble, trading suspended. SHANGHAI, June 22- Excitement over China's MSCI's inclusion continued to spur Chinese equities on Thursday, with banking shares taking the baton from consumer players in driving the blue-chip CSI300 index to the highest level in 1-1/ 2 years. The euphoria overwhelmed any worries about Chinese...

  • SHANGHAI, June 22- China's central bank will not take action to shrink its balance sheet like the U.S. Federal Reserve as it does not face the same pressures due to its use of different policy tools, an adviser to the People's Bank of China said on Thursday. "The balance sheet structures of China and the United States' are very different," he wrote in the newspaper.

  • Cramer Remix: These stocks are downright painful to own

    Jim Cramer spots a dangerous split in the stock market that’s causing serious trouble.

  • Jim Cramer on the set of Mad Money

    Jim Cramer spots a dangerous split in the stock market that’s causing serious trouble.

  • WASHINGTON, June 21- U.S. financial regulators could ease rules that keep taxpayer-backed banks out of some risky investments, according to testimony released on Wednesday ahead of a Senate hearing. Officials from the Federal Reserve and the Office of the Comptroller of the Currency said they were looking at ways to simplify the Volcker rule, which prevents...

  • Jerome Powell, governor of the Federal Reserve.

    Bank regulators have room to ease the rule that limits how much Wall Street may gamble with customers' money, according to Jerome Powell.

  • The Feds optimism has no real counterpart in any of the data that weve seen so far, said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York The presumption of weak economic growth is fairly firmly rooted and you can see that in the long-end of the curve. Dallas Federal Reserve Bank President Robert Kaplan on Tuesday said that the yield curve...

  • ING Group wants to become the WeChat of banks

    Ralph Hamers, ING Group CEO, talks about what's next for the company after celebrating 20 years as publicly traded company.

  • MILAN, June 21- Italian tax police seized documents from the offices of five lenders on Wednesday in an investigation over alleged fraud in relation to the distribution of diamonds to bank customers, three sources with knowledge of the case said. The police took documents and computer files from Intesa Sanpaolo, UniCredit, Monte dei Paschi di Siena, Banco BPM and...

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