Finance Banks

  • MOSCOW, Nov 20- Russian bank VTB is considering appointing former central bank governor Sergei Dubinin as chairman of its supervisory board again following the arrest of current chairman Alexei Ulyukayev, Chief Executive Andrei Kostin said. Russia's second-largest bank is set to elect a new board chairman at a meeting on Dec. 14, Kostin told Rossiya 24 state...

  • CAIRO, Nov 20- The Egyptian pound weakened significantly on Sunday as banks scrambled to meet a surge in demand for dollars and the central bank held benchmark interest rates steady. Egypt floated the pound on Nov. 3 and raised interest rates by 300 basis points in a dramatic move welcomed by businesses as the key to unlocking investment. Egypt's dollar peg had...

  • Squeezed by bad loans, Italian lenders are starving a weak economy of capital, which may keep the rest of Europe from regaining its economic vigor.

  • WASHINGTON, Nov 18- A leading U.S. bank regulator on Friday reversed course and positioned the agency to claw back pay of former executives at Wells Fargo& Co after a phony-accounts scandal. The lender must also now seek prior approval before naming new bank leadership, said the Office of the Comptroller of the Currency, the main regulator for federal banks.

  • WASHINGTON, Nov 18- A leading U.S. bank regulator on Friday reversed course and positions the agency to claw back pay of former executives at Wells Fargo& Co after a phony-accounts scandal. The lender must also now seek prior approval before naming new bank leadership, said the Office of the Comptroller of the Currency, the main regulator for federal banks.

  • STRASBOURG, France- European Central Bank President Mario Draghi speaks at the European Parliament in Strasbourg- 1630 GMT. SYDNEY- Chris Aylmer, head of Domestic Markets, Reserve Bank of Australia speaks at the Australian Securitization Forum 2016. TOKYO- Bank of Japan policy board member Takako Masai speaks to business leaders in Saitama- 0130 GMT.

  • Trump rally: Too far, too fast?

    The "Fast Money" traders share their takes on the Trump rally and possible implications.

  • TORONTO, Nov 18- Canada's main stock index rose on Friday, closing out a strong week with boosts from energy and banking stocks as oil prices moved higher and investors reacted to rising bond yields. The Toronto Stock Exchange's S&P/TSX composite index settled up 37.94 points, or 0.26 percent, at 14,864.03, with the energy group finishing up 1.1 percent and...

  • A concerned group of New York-based citizens, professionals, artists and activist groups staged a protest vs Wells Fargo's corporate headquarters for crimes against the American public.

    Wells Fargo announced new account openings fell by 44% in October and new credit card applications had plummeted by 50%, NBCNews reports.

  • New York Federal Reserve President William Dudley

    Trump has said he would be in favor of repealing Dodd-Frank regulations put in place after the financial system nearly collapsed.

  • Market blood bath

    Pros have been predicting the "Great Rotation" from bonds into stocks for six years. With Trump's victory, the time finally may have come.

  • Goldman Sachs Group Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 7, 2016.

    Macquarie raises its Goldman Sachs price target to $245 from $190 due to Donald Trump's economic policies.

  • Federal Reserve Chair Janet Yellen said on Thursday the central bank could raise interest rates "relatively soon", sending out a clear signal for a December move. Louis Fed President James Bullard said he was leaning toward supporting an interest rate increase in December and that the real question now would be the Fed's rate path in 2017..

  • BRUSSELS, Nov 18- Clues on future U.S. policy under Donald Trump rather than economic data will likely dominate minds and markets in the week ahead given a U.S. interest rate hike in December is now a near-certainty. James Bullard, a voting member of the U.S. central bank's rate-setting committee, said the Federal Reserve will raise U.S. interest rates in December...

  • *Debt securities trading made Deutsche global heavyweight. *Bank now examining retrenchment from business. FRANKFURT/ LONDON, Nov 18- Deutsche Bank is looking to cut its loan securitisation business further starting with repackaged U.S. mortgages, two people familiar with the matter said, as the lender braces for a large fine in the United States for alleged...

  • Nov 18- U.S. stocks looked set to open little changed on Friday, with all three major indexes near record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month. Louis Fed President James Bullard said he was leaning toward supporting an interest rate increase in December and that the real...

  • *Nigeria inflation still high, cuts not appropriate yet. RIC= NGCBIR %3 DECI Nigeria rate forecasts. JOHANNESBURG, Nov 18- The Central Bank of Nigeria will hold its benchmark interest rate at 14 percent at its Nov. 22 meeting with an aim to restore flagging investor confidence and an eye on rapidly-rising inflation, a Reuters poll found on Friday.

  • SAO PAULO, Nov 18- The Brazilian real extended its recovery for the third straight day on Friday as market intervention by the central bank and Treasury stemmed a selloff that some traders said was overdone. President-elect Donald Trump could force the Federal Reserve to raise rates faster than expected. Remarks by Fed Chair Janet Yellen suggesting a December...

  • Nov 18- U.S. stock index futures were little changed on Friday, with the S&P and Dow close to their record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month. Louis Fed President James Bullard is leaning towards supporting an interest rate increase in December and argued on Friday that the...

  • BRUSSELS, Nov 18- Euro zone banks could be forced by watchdogs to suspend their payments to some creditors for a maximum of five days if there are risks of bank failure, a draft EU law said, granting regulators power to intervene early to prevent crisis. The draft law, expected to be published by the European Commission next week, gives regulators the extra power to...

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