Chanda Kochhar, CEO of ICICI Bank, talks about how technology such as mobile payments and internet banking is disrupting India's banking system.» Read More
LONDON, Oct 29- The dollar held strong near 2-1/ 2 month highs against the euro on Thursday, after the Federal Reserve signaled it may raise interest rates in December, highlighting the divergent monetary policies of the world's most influential central banks. While the Fed is preparing the ground for an eventual lift off in interest rates from record lows, the...
Philippe Bodereau, managing director at PIMCO, talks about Barclays and Deutsche Bank which are restructuring and cutting costs.
Deutsche Bank said it would reduce its own workforce by some 9,000 full-time jobs, cut 6,000 consultant jobs and shed another 20,000 by disposing of assets.
Jim McCaughan, CEO of Principal Global Investors, says Barclays bank may get a following wind that will improve earnings.
Jim McCaughan, CEO of Principal Global Investors, says banks are a bad long-term investment because they are so heavily regulated.
Barclays, the U.K. bank, has reported slightly worse than expected profits for the third quarter, and warned of a weaker end to 2015 as it cut some targets.
Santander, the euro zone's biggest bank, said on Thursday net profit rose nearly 5 percent in the third quarter from a year ago to 1.7 billion euros ($1.9 billion).
TOKYO, Oct 29- Japanese government bond prices slipped on Thursday, taking cues from U.S. Treasuries which fell after the Federal Reserve kept the door open for a rate hike this year. JGBs were also affected by stronger-than-expected industrial production data dented expectations for the Bank of Japan would opt for further easing when it sets monetary policy...
BEIJING, Oct 29- China and Germany signed a framework agreement for strategic cooperation between Volkswagen AG and the Industrial and Commercial Bank of China Ltd, at a ceremony overseen by German Chancellor Angela Merkel and China's Premier Li Keqiang.
TOKYO, Oct 29- The dollar held near 2-1/ 2- month highs against a basket of currencies on Thursday after the U.S. Federal Reserve signaled it may raise interest rates in December, when the European Central Bank is widely expected to add to its stimulus. The reaffirmation of a contrasting direction in monetary policy was enough to boost the dollar index to as high as...
Presidential candidate Carly Fiorina is asked about when she said in 2010 an Internet sales tax would be a bad idea. Fiorina says the government trying to level the playing field between Internet and brick-and-mortar creates a problem.
Mike Smith, CEO of ANZ, says the bank's global markets unit lagged in Q4 as customer activity fell.
SINGAPORE, Oct 29- Gold ticked up on Thursday but stayed near its lowest level in two weeks after the Federal Reserve hinted at a possible U.S. rate hike in December, bolstering the dollar and reducing the appeal of non-interest-paying bullion. *Spot gold nudged up 0.3 percent to $1,158.66 an ounce by 0012 GMT, following a 1 percent slide in the previous session.
TOKYO, Oct 29- The dollar stood near a 2 1/ 2- month high against a basket of currencies on Thursday after the U.S. Federal Reserve left the door open for a rate hike in December, when the European Central Bank is widely expected to add to its stimulus. The fresh confirmation of a contrasting direction in monetary policy was enough to boost the dollar index to as high as...
WASHINGTON- Federal Reserve Bank of Atlanta President Dennis Lockhart gives opening remarks before the Workforce Development Panel and Book Launch hosted by the Federal Reserve- 1310 GMT. LONDON- UK Finance Minister George Osborne meets Brazilian Finance Minister Joaquim Levy as a part of UK- Brazil Economic and Financial Dialogue. LONDON- European Central...
Deutsche Bank said it would sacrifice its 2015 and 2016 dividends as new CEO John Cryan seeks to bolster the bank's capital.
Former Sen. Rick Santorum of Pennsylvania joins the CNBC desk fresh off the debate to discuss his thoughts.
Former Sen. Rick Santorum of Pennsylvania discusses Ex-Im banks and government-backed funding.
*Financials lead sector gains, utilities lead losses. *Apple rises after strong results. Oct 28- U.S. stocks ended sharply higher on Wednesday after a volatile session as the Federal Reserve gave a vote of confidence in the U.S. economy by signaling a December interest rate hike was still on the table.
NEW YORK, Oct 28- After putting a December interest rate rise back on the agenda, Janet Yellen may now need to reinforce that message in coming weeks by "crowding out" dissenting voices in the Federal Reserve and navigating through possibly contradictory economic data. Markets rolled back bets that rates would remain pegged near zero until next year after the...