Finance Banks


  • MOSCOW, Jan 25- Russian banking profits fell by 67 percent to 192 billion roubles in 2015, the central bank said on Monday, compared with 589 billion roubles the previous year. The central bank said that loan-loss provisions for the sector were 33 percent higher at the end of 2015 than at the start of the year. Banks' assets shrunk by 1.6 percent over 2015 when...

  • Bank stock values are too low: Castelli Monday, 25 Jan 2016 | 3:15 AM ET
    Bank stock values are too low: Castelli

    Francesco Castelli, portfolio manager at Banor Capital, says the valuations for Italian banking stocks are unreasonably low.

  • BEIJING, Jan 25- China's central bank will allow funds in non-resident accounts to be converted into fixed deposits, sources told Reuters, which could encourage foreigners' to keep trade-related earnings in the country and help authorities temper capital outflows. Four people with direct knowledge of the matter told Reuters on Monday that the People's Bank...

  • WASHINGTON, Jan 25- Federal Reserve officials are playing it cool for now, but roughly $2.5 trillion of stock market value wiped out in the past three weeks and a possible consumer pullback could throw the Fed off its course of gradual interest rate hikes. It means that unless the market recovers soon, upwards of $150 billion in consumption will be lost in coming...

  • *Analysts say Asia growth and lower tax favour Hong Kong. LONDON, Jan 25- HSBC's possible relocation to Hong Kong is unlikely to save the British bank much tax- one of its reasons for maybe moving abroad- and could actually increase its bill, a Reuters analysis of the company's filings shows. Analysts said HSBC's former home Hong Kong, with a corporate tax rate of 16.5...

  • *Fed, Bank of Japan meetings in focus this week. TOKYO, Jan 25- The dollar edged down on Monday but remained well off recent lows as markets started the week on a calmer note, and investors turned their attention to upcoming central bank meetings. They likely only need to worry about one, " Andrew Sheets, chief cross-asset strategist at Morgan Stanley wrote in a note to...

  • *Markets also eyeing Japan central bank policy. MADRID, Jan 22- For more clues as to how slumping oil prices and a faltering Chinese outlook could sway policymakers in the coming months, look no further than January's meeting of U.S. The Fed is widely expected to leave its federal funds rate unchanged at 0.25-0.50 percent when policymakers conclude their meeting...

  • Would capital controls help China’s economy? Saturday, 23 Jan 2016 | 9:17 AM ET

    Capital controls could help China control the outflows of hot money from its economy and stabilize its currency, Japan's central bank governor said.

  • Is the world suffering from a leadership crisis? Saturday, 23 Jan 2016 | 5:07 AM ET

    The world needs better leadership in order to combat worsening global inequality, the CEO of warned on Saturday.

  • Goldman, Morgan Stanley CEOs see 2015 pay cuts Saturday, 23 Jan 2016 | 4:56 AM ET
    Lloyd Blankfein

    Wall Street's two marquee investment banks each slightly cut their chief executives' pay after a year that saw profitability fall.

  • LONDON, Jan 22- Iran is set to re-engage with the banking world within weeks as international lenders link up with their Iranian counterparts using global transaction network SWIFT, Iran's Middle East Bank and a senior central bank official told Reuters on Friday. A nuclear deal between world powers and Iran led to the removal of the curbs on Tehran's banking,...

  • DIARY-Top Economic Events to Feb 3 Friday, 22 Jan 2016 | 7:01 PM ET

    Greenland Finance Minister Vittus Qujaukitsoq, Norway Prime Minister Erna Solberg and Foreign Minister Borge Brende, and Finland Foreign Minister Timo Soini to attend. BRUSSELS- European Central Bank executive board member Sabine Lautenschlaeger to speak at Committee on Economic and Monetary Affairs at the European Parliament- 1730 GMT.

  • Morgan Stanley CEO's pay released Friday, 22 Jan 2016 | 4:30 PM ET
    Morgan Stanley CEO's pay released

    CNBC's Seema Mody reports on Morgan Stanley CEO James Gorman's compensation.

  • FOREX-Recovery in oil, equities fuels dollar rise Friday, 22 Jan 2016 | 3:32 PM ET

    *Dollar rises after dovish comments from Japan, euro zone central bankers. NEW YORK, Jan 22- The dollar rose on Friday, boosted by increased expectations of monetary easing by central banks in Europe and Japan, and by a bump in global equities and oil prices that renewed market risk appetite. Kuroda's comments came a day after European Central Bank chief Mario...

  • LONDON, Jan 22- International banks are preparing to re-establish links with their Iranian counterparts using the SWIFT transactions system, the head of Iran's Middle East Bank told Reuters on Friday. A nuclear deal between world powers and Iran led to the removal of the curbs on Tehran's banking, insurance and shipping sectors at the weekend, as well as...


  • Why banks won't cut off energy's 'drunken sailors' Friday, 22 Jan 2016 | 11:36 AM ET
    Oil workers using chain to position drill on drilling platform.

    Banks are raising red flags about energy loans on their books, but they may be unable to bring down the hammer on drillers.

  • LONDON, Jan 22- Bank of England policies aimed at making banks safer and encouraging them to lend more at home played a noticeable role in reducing global cross-border lending, a central bank policymaker said in a research paper on Friday. Kristin Forbes, a U.S. academic who joined the BoE's Monetary Policy Committee in 2014, said the central bank's domestically...

  • Tech revolution ‘not yielding jobs’: union chief Friday, 22 Jan 2016 | 11:14 AM ET

    The official theme of this year's WEF has been the Fourth Industrial Revolution, yet union boss Philip Jennings said it's not yielding any jobs.

  • OTTAWA, Jan 22- When the Bank of Canada blinked in the face of its currency's slide, wrong-footing many who had bet on an interest rate cut, it sowed some doubts about both its readiness and ability to help the struggling Canadian economy through some hard times. "They're admitting that they cannot do anything anymore and therefore fiscal policy will have to take...

Contact Banks


    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.