Finance Banks

More

  • HONG KONG, Jan 19- Postal Savings Bank of China has invited banks to pitch for its planned Hong Kong IPO, which with an estimated value of up to $15 billion may be the world's biggest listing this year, IFR reported, citing people familiar with the deal. The bank, China's largest by number of customers and branches, last month raised about $7 billion by selling a 17...

  • OTTAWA, Jan 18- The Canadian dollar's speedy plunge to a 12- year low has fueled calls from some market and industry players for the country's central bank to hold interest rates steady, even as traders increase bets on a cut this week. "A growing number of people are advising against a rate cut," said Stefane Marion, chief economist at National Bank Financial.

  • WARSAW, Jan 18- Polish banks may be able to spread losses linked to looming Swiss franc mortgage conversions over time, the finance ministry said on Monday, after a draft FX loan bill sent the shares of Warsaw-listed lenders to multi-year lows. President Andrzej Duda laid out a draft law on Friday to saddle lenders with the costs of converting Swiss franc loans...

  • Oil shock seen hitting Canadian bank profits in 2016 Monday, 18 Jan 2016 | 12:24 PM ET

    TORONTO, Jan 18- The knock-on effect of sinking oil prices is expected to take a bigger bite out of Canadian bank profits in 2016, as more corporate loans sour, oil and gas capital raising dries up and job losses take a toll on banks' consumer arms. Canada's big six lenders reported profit growth of 6 percent on average last year, even as falling oil triggered a shallow...

  • *European stocks down, follow Asia lower. LONDON, Jan 18- European shares fell on Monday, following Asia lower and led by banks after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans, while oil prices tumbled on the prospect of more supply from Iran. The burden of such loans, particularly in Greece, Portugal, Spain and Italy, is...

  • Poland's President Andrzej Duda laid out a draft law on Friday to saddle lenders with the costs of converting Swiss franc loans into zlotys and signed the bank tax into law, which could undermine one of Europe's healthiest banking sectors. It says the levy, which applies to banks with assets above 4 billion zlotys, could raise 4 billion- 5 billion zlotys for this...

  • UK financial watchdog girds itself for lion's den Monday, 18 Jan 2016 | 9:48 AM ET

    LONDON, Jan 18- The British government's shift toward a more accommodative stance when it comes to regulating banks has left its financial watchdog between a rock and a hard place, with a bit of cack-handedness compounding the discomfort. The political heat on the Financial Conduct Authority will be turned up on Wednesday when lawmakers probe why it scrapped a...

  • *China slowdown puts question mark over its Asia "pivot" plan. But for investors, analysts and some HSBC executives, the real debate underlying this decision is whether it wants to continue to be a global corporate lending giant with a large investment banking and trading business or become a simpler, Asia- focused trading and retail bank. Otherwise it should...

  • World Economic Forum (WEF) founder and executive chairman Klaus Schwab

    WEF founder Klaus Schwab says traditional economic concepts do not work anymore

  • BEIJING, Jan 18- China's central bank and commercial banks sold a net 629 billion yuan worth of foreign exchange in December, data showed on Monday, or nearly triple the figure of the previous month, as capital outflows grew. Capital outflows have gained momentum since China's surprise devaluation of the yuan in August, fanned by concerns about the country's...

  • LONDON, Jan 18- Copper rallied on Monday after a move by China's central bank to support the yuan triggered a reversal of bets on lower prices but the mood was expected to stay bearish on worries about demand growth in the top consumer. China's central bank on Monday confirmed it was preparing to raise the reserve requirement ratio next week for yuan deposits...

  • BEIJING, Jan 18- China's central bank injected 55 billion yuan into banks on Monday through its short-term liquidity operations tool, according to a statement on its website. The interest rate on the 3- day lines of credit will be 2.10 percent, the People's Bank of China said. The PBOC launched SLOs in 2013 to supplement its other monetary policy tools.

  • The war on bitcoin Monday, 18 Jan 2016 | 2:15 AM ET
    The war on bitcoin

    Simon Dixon, CEO & co-founder at BnkToTheFuture.com, says a syndicate of major banks are attempting to develop their own version of bitcoin, the online crypto-currency, which would benefit banks rather than consumers.

  • Peak performance: Davos summit to debate big topics Monday, 18 Jan 2016 | 1:17 AM ET

    While the WEF agenda focuses on technology, many conversations are likely to be on the "old" issues still plaguing the world.

  • SHANGHAI, Jan 18- China's yuan firmed on Monday as the central bank announced what appeared to be its latest attempt to deter offshore speculation in the currency, while stocks steadied close to levels last seen at the depths of last year's summer crash. "All in all, it appears that the Chinese authorities want to dampen the speculative flows that bet on a fast...

  • *China battling to stem speculation of further yuan weakness. BEIJING, Jan 18- China's central bank said on Monday it will start implementing a reserve requirement ratio on offshore banks' domestic deposits, in what appears to be its latest attempt to stem speculation in the yuan and manage money flowing in and out of the country. Confusion over China's foreign...

  • SHANGHAI, Jan 18- China's onshore yuan firmed against the dollar on Monday after the central bank said it will start implementing a reserve requirement ratio for some banks involved in the offshore yuan market as of Jan. 25, in a bid to curb speculation. Sources told Reuters on Sunday that the People's Bank of China was preparing to raise the ratio, currently at zero,...

  • BEIJING, Jan 18- China will start implementing a reserve requirement ratio on some banks involved in the offshore yuan market, the People's Bank of China said on Monday, in what appears to be its latest attempt to stem speculation in the currency. "The market sees that this is a gesture by PBOC to warn the speculators that are betting on a fast depreciation of its...

  • SHANGHAI, Jan 18- China's yuan firmed on Monday as the central bank announced new moves to curb offshore speculation in the currency, while stocks were volatile after the securities regulator blamed immature markets and inexperienced investors for their latest meltdown. "All in all, it appears that the Chinese authorities want to dampen the speculative flows...

  • BEIJING, Jan 18- China will start implementing a reserve requirement ratio to some banks involved in the offshore yuan market, the People's Bank of China said in a statement on Monday. The sources said China's central bank is preparing to raise the reserve requirement ratio for yuan deposits placed in yuan clearing banks in its latest bid to stem speculation in...

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.