Finance Banks

More

  • WASHINGTON, Feb 4- The U.S. House of Representatives passed legislation on Thursday that would curb a Justice Department initiative aimed at cutting off perpetrators of fraud from the banking system. The goal of the program, frequently called " Operation Choke Point," has been to hold banks accountable while sniffing out law breakers, according to the department.

  • Credit Suisse the latest black eye for Euro banks Thursday, 4 Feb 2016 | 3:14 PM ET
    Credit Suisse the latest black eye for Euro banks

    CNBC's Kayla Tausche reports on the troubles mounting at Credit Suisse and other European banks.

  • NEW YORK, Feb 4- The U.S. dollar extended its plunge against major currencies on Thursday as traders sharply unwound bullish bets against the greenback on continued skepticism that the Federal Reserve would be able to hike interest rates this year. The euro rose more than 1 percent to its highest in 15 weeks at $1.12390 against the dollar, while the dollar fell...

  • MEXICO CITY, Feb 4- Mexico's central bank held borrowing costs steady on Thursday, but said it would monitor increasing risks to inflation from a deep slump in the peso even as it noted the outlook for growth had worsened. The Banco de Mexico left its key rate at 3.25 percent, as expected by all 15 analysts surveyed by Reuters last week. The Banco de Mexico hiked its key...

  • NEW YORK, Feb 4- Mohamed El-Erian, the chief economic adviser at Allianz SE, said on Thursday that with volatility rising, the markets effectively have served as front-runners to the Federal Reserve in tightening global financial conditions. William Dudley, president of the Federal Reserve Bank of New York, said on Wednesday that financial conditions have...

  • 4 Stocks, 4 trades: CS, KSS, RL, DNKN Thursday, 4 Feb 2016 | 12:47 PM ET
    4 Stocks, 4 trades: CS, KSS, RL, DNKN

    The FMHR traders take their positions on four stocks making news today, including Credit Suisse, Kohl's and Dunkin' Brands.

  • *Graphic on UK inflation, rate: http://reut.rs/1SDRz9w. FRANKFURT, Feb 4- The world's top central banks have all but given up hope of returning to conventional monetary policy soon with many touting rate cuts, raising the risk of competitive currency devaluations and doubts they can meet their mandates. Federal Reserve and the Bank of England had expected to...

  • LONDON, Feb 4- The Bank of England cut its growth forecasts on Thursday and the only policymaker who had been pushing for a rate hike reversed his position, suggesting rates will stay on hold for the foreseeable future. BoE Governor Mark Carney said officials still expected the next move in interest rates to be upwards, but echoed downbeat comments from central...

  • NEW YORK, Feb 4- The U.S. dollar extended its plunge against major currencies on Thursday as traders sharply unwound bullish bets against the greenback on continued skepticism that the Federal Reserve would be able to hike interest rates this year. The euro hit its highest level in over 3-1/ 2 months against the dollar of $1.12390, while the dollar hit a two-week...

  • HONG KONG, Feb 4- The board of Bank of East Asia Ltd should sell the lender to deliver better returns to investors, activist shareholder hedge fund Elliott Management Corp said on Thursday, heaping pressure on one of Hong Kong's last family-controlled banks. New York- based Elliott owns 7 percent of the bank and has agitated in the past over perceived failings in...

  • Dick Bove: Oil impact won’t crush banks Thursday, 4 Feb 2016 | 7:00 AM ET
    An offshore oil rig in the Channel Islands off the California coast.

    Bank-stock investors are overestimating the impact of tough times in the oil industry on the banking sector, says Dick Bove.

  • Is too much focus given to bankers’ bonuses? Thursday, 4 Feb 2016 | 4:05 AM ET
    Is too much focus given to bankers’ bonuses?

    Training The Street’s president & founder, Scott Rostan discusses how the regulatory environment in banking has changed recently.

  • LONDON, Feb 4- Bank of England Governor Mark Carney and some of his fellow policymakers are answering questions after the central bank cut its growth and inflation forecasts in its latest inflation report and voted unanimously to keep interest rates on hold. Below are some of their comments. MARK CARNEY, BANK OF ENGLAND GOVERNOR:.

  • LONDON, Feb 4- The Bank of England cut growth forecasts on Thursday and the lone advocate of a rate hike reversed his position, suggesting rates were on hold for an extended period even as its governor said the next move was still likely to be up. Echoing downbeat comments from central banks around the globe, BoE chief Mark Carney warned that global growth was only...

  • LONDON, Feb 4- The Bank of England cut its economic growth forecasts on Thursday due to a darker global outlook, and the lone policymaker who had backed a rate rise in recent months unexpectedly abandoned this position. The central bank said its Monetary Policy Committee had voted 9-0 this week to keep rates on hold at a record-low 0.5 percent, where they have been...

  • LONDON— The likelihood that the Bank of England will raise interest rates in coming months receded on Thursday, after the bank cut its economic forecasts due to the slowdown in global growth and market turmoil. While in previous months one member had voted for an increase, the unanimous vote indicates greater concerns about the effects on the U.K. of the recent...

  • FOREX-No traction for dollar after Fed rates collapse Thursday, 4 Feb 2016 | 4:24 AM ET

    LONDON, Feb 4- The dollar was back on the defensive in early trade in Europe after a collapse in expectations of a further rise in U.S. interest rates this year drove its biggest daily fall in over two months on Wednesday. Another warning by European Central Bank chief Mario Draghi that the bank would not hesitate in doing what was necessary to get inflation back to...

  • Global economic fears no justified: CEO Thursday, 4 Feb 2016 | 4:03 AM ET
    Global economic fears no justified: Credit Suisse CEO

    Credit Suisse CEO, Tidjane Thiam says the company is working very hard to achieve its targets and its well on track to deliver.

  • *Underlying Q4 earnings 822 mln euros; forecast 765 mln. AMSTERDAM, Feb 4- ING, the Netherlands' largest bank, reported better than expected fourth-quarter earnings on Thursday and sought to calm worries about its exposure to oil industry lending that led to a 20 percent fall its share price in January. Chief Risk Officer Wilfried Nagel told reporters ING had 4.8...

  • *BOJ board members told of negative rate plan days before meeting. TOKYO, Feb 4- Just days before the Bank of Japan stunned financial markets with its radical adoption of negative interest rates, members of the central bank's own policy board had also been taken by surprise by the move. That would be in keeping with the single-minded style of central bank Governor...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.