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  • Fed's Evans repeats wants 'very gradual' rate hikes Monday, 12 Oct 2015 | 10:30 AM ET

    CHICAGO, Oct 12- A Federal Reserve policymaker who has long called for waiting until 2016 to raise interest rates repeated Monday his view that rate increases should much more gradual than what most U.S. central bankers currently anticipate. "(R) egardless of the exact date for lift-off, I think it could well be appropriate for the funds rate to still be under 1...

  • ORLANDO, Fla., Oct 12- There could be sufficient economic data for the Federal Reserve to consider a rate hike at their meeting later in October but there will be a lot more data on hand in time for the December meeting, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday. He added on Monday that while the U.S. economy was not directly impacted by...

  • JPMorgan again wins dismissal of whistleblower suit Monday, 12 Oct 2015 | 9:03 AM ET
    People pass a sign for JPMorgan Chase & Co. at it's headquarters in Manhattan.

    JPMorgan won the dismissal of a lawsuit filed by a former vice president who claimed the bank ignored red flags about a client's potential fraud.

  • Analyst: Banks could have nasty earnings season Monday, 12 Oct 2015 | 8:54 AM ET
    Chase bank

    Big banks could face headwinds from fixed income trading and weak underwriting revenues in the third quarter, Barclays analyst Jason Goldberg says.

  • Albanian court acquits ex-central bank governor Monday, 12 Oct 2015 | 8:30 AM ET

    TIRANA, Albania— An Albanian court has acquitted a former governor of the country's central bank of charges of abuse of office over the theft of millions of dollars from bank reserves. The Tirana court acquitted Ardian Fullani on Monday, rejecting a request from the prosecutor for a five-year jail sentence, prosecutor general spokesman Albi Serani said.

  • Bove: US banks have been 'nationalized' Monday, 12 Oct 2015 | 7:55 AM ET
    Dick Bove

    "I believe we're well on the road to socialism," Rafferty Capital Markets' Dick Bove says.

  • Dick Bove: Invest in regional banks Monday, 12 Oct 2015 | 6:53 AM ET
    Dick Bove:  Invest in regional banks

    Dick Bove, Rafferty Capital, provides a preview of this week's earnings for both regional and big banks.

  • China is due to announce a five-year plan for the economy later this month and over the weekend the central bank increased a pilot scheme on bank lending to several major centres, including Beijing and Shanghai. "The policy may not immediately inject a lot of liquidity into the economy, but it has boosted expectations of monetary easing," said Wu Kan, head of equity...

  • LONDON, Oct 12- The dollar hovered near a three-week low versus a basket of major currencies on Monday, anchored by the doubts over the potential for a rise in U.S. interest rates this year that have plagued it since August. Federal Reserve vice-chair Stanley Fischer was the latest to sound mixed on the chances of a hike by December that markets had been viewed as a...

  • Oct 12- Hong Kong stocks extended recent gains on Monday, with investor sentiment underpinned by renewed strength in China's markets and hopes that the U.S. central bank will not raise interest rates any time soon. Chinese shares listed in Hong Kong were boosted by gains of over 3 percent in mainland stocks after China's central bank took fresh steps to inject...

  • Here are the strategic priorities of UBS Sunday, 11 Oct 2015 | 11:52 PM ET
    Here are the strategic priorities of UBS

    Oliver Bussmann, Group Chief Information Officer at UBS, names innovation and digitization among the Swiss bank's strategic priorities as the financial services industry undergoes major digital disruptions.

  • *China c.bank expand bank re-lending scheme. SHANGHAI, Oct 12- China shares jumped over 3 percent on Monday to their highest level in seven weeks after the central bank took fresh steps to inject liquidity into the struggling economy and said the stock market's correction "is almost over". Hong Kong stocks were firmer too, extending last week's 4.4 percent rebound...

  • Barclays chief wants European banking champions Monday, 12 Oct 2015 | 12:25 AM ET

    Barclays' chairman said European investment banks should merge to create a regional champion to compete with US peers, the FT reports.

  • DBS CEO: 'The Asia story is alive and well' Sunday, 11 Oct 2015 | 8:42 PM ET
    DBS CEO: 'The Asia story is alive and well'

    Speaking to CNBC at the Sibos (Swift International Banking Operations Seminar) conference, DBS Group's CEO Piyush Gupta says Asia will be the "battleground for the banking of the future."

  • SHANGHAI, Oct 12- Now is not the right time for the United States to raise interest rates, given the global economic situation, China's Finance Minister Lou Jiwei said in an interview published in the China Business News on Monday. Speaking on the sidelines of the annual meeting of the World Bank and International Monetary Fund in Lima, Lou said developed...

  • SINGAPORE, Oct 12- Gold was trading near its highest in seven weeks on Monday, bolstered by expectations the Federal Reserve will not hike U.S. interest rates soon. *Spot gold was little changed at $1,156 an ounce by 0043 GMT, after gaining 1.6 percent in the previous session. *Elsewhere, the London Bullion Market Association said on Friday it has formally asked...

  • Federal Reserve policymakers are still likely to raise interest rates this year but that is "an expectation, not a commitment", and could change if the global economy pushes the U.S. economy further off course, Federal Reserve Vice Chairman Stanley Fischer said. "Both the timing of the first rate increase and any subsequent adjustments to the federal funds rate...

  • ALBANY, N.Y.— New York regulators have approved Buffalo-based M&T Bank Corp.' s application to acquire Hudson City Bancorp Inc.. Its principal banking subsidiary is M&T Bank with banking offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia. Hudson City Bancorp Inc.' s only subsidiary is Hudson City Savings...

  • BOSTON— A man at the center of Ireland's greatest banking scandal has been arrested in Massachusetts and faces potential extradition to his homeland. The Dublin bank employed aggressive lending policies to fuel Ireland's runaway property market for a decade— then faced collapse amid the global credit crunch of 2008. Ireland itself was forced to negotiate...

  • Oct 10- Former Anglo Irish Bank Chief Executive Officer David Drumm, who was seen as a culprit in Ireland's banking crisis, was arrested on Saturday in Massachusetts by U.S. marshals on an extradition warrant, according to the U.S. Drumm will remain in custody until his hearing in federal court in Boston on Tuesday, said U.S. He filed for bankruptcy in his new home of...

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