Finance Banks

  • FRANKFURT, Aug 9- Deutsche Bank had the highest potential capital shortfall, 19 billion euros, in a study of 51 European banks using U.S. ZEW Finance Professor Sascha Steffen worked with New York University Stern School of Business and the University of Lausanne researchers to run stress tests used by the Fed in 2016 and the European Banking Authority in 2014 to...

  • *Sterling falls after Bank of England policymaker comments. The pound fell for the fifth day in a row after a Bank of England policymaker said the central bank will probably have to loosen monetary policy further if the U.K.' s economy worsens. "The dominant theme in global markets is low interest rates and liquidity and the support it provides for the stock market,...

  • Aug 9- U.S. household debt hit $12.29 trillion in the second quarter, up $434 billion from a year earlier as auto loans and credit card debt increased, a Federal Reserve Bank of New York survey showed on Tuesday. Auto debt was $1.10 trillion, up $97 billion from a year earlier, while the aggregate credit card limit increased for the 14th straight quarter, reflecting...

  • LONDON, Aug 9- The Bank of England failed to get enough offers for its planned purchase of 1.17 billion pounds of government bonds with maturities longer than 15 years, sending gilt yields to new record lows across a range of maturities. The central bank said it would announce its response to the shortfall on Wednesday at 0800 GMT. The Bank of England was not...

  • *Bank of England policymaker indicates further QE. NEW YORK, Aug 9- The British pound fell for the fifth day in a row on Tuesday and was the largest major currency mover after a Bank of England policymaker said that more quantitative easing was probably necessary if the U.K.' s economic decline worsens. The Bank of England last week cut interest rates to next to...

  • *UK lawmakers sceptical, to quiz watchdog on plans. LONDON, Aug 9- British banks will from 2018 have to share customers' data with third parties who can then show how much could be saved by using other lenders, the competition watchdog said on Tuesday. The government wants to see fintech grow, but European Union countries like Germany would like to lure the sector from...

  • A trader on the floor of the New York Stock Exchange.

    Count Donald Trump among the ranks of those who don't think too much of the stock market as a sound place to put money.

  • LONDON, Aug 9- The Bank of England's first rate cut since 2009 looks unlikely to be passed in full to borrowers, despite the BoE being ready to lend banks as much as 100 billion pounds to ensure it happens. The launch of the Term Funding Scheme- the BoE's biggest intervention in Britain's banking market in four years- is likely to offer a modest boost to growth.

  • Barclays reaches $100M US Libor settlement

    New York Attorney General Eric Schneiderman says the bank is settling charges that it manipulated the Libor and Euribor interest rate benchmarks.

  • MUMBAI, Aug 9- India's central bank governor Raghuram Rajan said on Tuesday he had never criticised the government in speeches that had triggered strong criticism from right-wing political leaders. Rajan will step down as governor of the Reserve Bank of India on Sept. 4 and his surprise decision not to make himself available for an second term had raised...

  • MUMBAI, Aug 9- India's central bank governor Raghuram Rajan said on Tuesday he had never criticized the government in speeches that had triggered strong criticism from right-wing political leaders. Rajan will step down as governor of the Reserve Bank of India on Sept. 4 and his surprise decision not to make himself available for an second term had raised...

  • Bank of England rate-setter says more cuts are on the way

    Bank of England policymaker Ian McCafferty says the bank rate can be cut further, and quantitative easing can be stepped up.

  • LendingClub CEO Renaud Laplanche, also co-skipper on the Lending Club 2, in San Francisco Bay.

    LendingClub reported its largest quarterly loss in a year as it struggles to bring banks back to its online lending platform.

  • LONDON, Aug 9- British banks will from 2018 have to share customers' data with third parties who can then show how much could be saved by using other lenders, the competition watchdog said on Tuesday. The government wants to see fintech grow, a sector European Union countries like Germany want to lure from London after Britain voted to leave the bloc.

  • LONDON, Aug 9- British banks will from 2018 have to share customers' data with third parties who can then show how much could be saved by using other lenders, the competition watchdog said on Tuesday. The government wants to see fintech grow, a sector European Union countries like Germany want to lure from London after Britain voted to leave the bloc.

  • LONDON, Aug 9- British banks will from 2018 have to share customers' data with third parties who can then show how much could be saved by using other lenders, the competition watchdog said on Tuesday. The government wants to see fintech grow, a sector European Union countries like Germany want to lure from London after Britain voted to leave the bloc.

  • MUMBAI, Aug 9- India's central bank governor Raghuram Rajan on Tuesday kept the repo rate unchanged at 6.50 percent at his final policy review after inflation hit a nearly two-year high, but said the policy stance remains "accommodative." The decision had been widely expected after consumer inflation accelerated to 5.77 percent in June, near the top of the...

  • RBI Rajan

    Mizuho Bank's Vishnu Varathan says policymakers are trying to pick a candidate who is both independent and yet of a similar agenda as the government.

  • Barclays

    Barclays has reached a $100 million settlement over charges that it manipulated Libor and Euribor interest rate benchmarks.

  • SHANGHAI, Aug 9- China's yuan eased marginally on Tuesday as producer price deflation moderated further, adding to views that the central bank may be in no hurry to cut interest rates soon. The People's Bank of China set the midpoint rate at 6.6594 per dollar prior to the market open, firmer than the previous fix of 6.6615. But China's central bank on Friday said...

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