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Finance Banks

  • LONDON/ FRANKFURT, July 20- Two global banks, Citigroup and Deutsche Bank, are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union. Deutsche Bank Chief Executive Officer John Cryan said in a video published on Thursday that the German lender expected to add new jobs in Frankfurt, where it will replicate a structure...

  • *Wall Street treads water near records, Europe stocks dip. NEW YORK, July 20- The euro surged to approach a two-year high against the U.S. dollar on Thursday after Europe's central bank chief said officials would discuss possible changes to its bond-buying scheme this autumn, while world equity markets headed for a 10th day of gains. Though European Central Bank...

  • Big banks making big bucks on fees

    As the big banks report quarterly earnings, CNBC's Bob Pisani takes a look at how fees have grown over time.

  • Banks have been feeling the fallout of the feud with Saudi Arabia, the United Arab Emirates, Bahrain and Egypt, which cut diplomatic and transport ties with Qatar on June 5 and imposed economic sanctions. They accuse Qatar of financing Islamist militant groups and allying with their regional adversary Iran- allegations Qatar denies. The move prompted banks...

  • BUDAPEST, July 20- The forint led east European currencies higher on Thursday, hitting an 8- month high versus the euro after the European Central Bank left its ultra easy monetary policy stance unchanged. Investors in this part of the world focus on the policy of the European Central Bank, but also watch the Fed and U.S. long-term debt yields.

  • NEW YORK, July 20- U.S. Treasury yields declined on Thursday with benchmark yields hitting three-week lows as the European Central Bank maintained its pledge of easy money with inflation stuck below its 2- percent target despite improved growth in the region. Treasury trading at MUFG Securities America in New York.

  • LONDON, July 20- That the Federal Reserve is about to reduce its footprint in the U.S. bond market will surprise no one. What may surprise many is this: that footprint is smaller today than it was before the global financial crisis. The U.S. central bank owns $2.46 trillion of Treasuries, more than three times the amount it held in 2007 just before the global banking...

  • European Central Bank President Mario Draghi says the bank needs "persistence" and "patience in keeping the current stimulus in place" in order to push inflation toward its goal of just under 2 percent. The bank says it will keep buying 60 billion euros in bonds through year-end and longer if needed. European Central Bank President Mario Draghi says the bank's top...

  • *European Central Bank left ultra easy policy unchanged. LONDON, July 20- The euro fell to a two-day low after the European Central Bank left its ultra easy monetary policy stance unchanged. The euro hit $1.14855, down 0.3 percent to a two-day low, off a high of $1.15320 before Thursday's rate decision, but still maintaining gains of 3 percent since ECB President...

  • *China set to become world's largest card market by 2020. HONG KONG, July 20- U.S.-based payment card companies, including American Express, MasterCard and Visa, are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter. The move comes against a backdrop of growing economic friction...

  • MOSCOW, July 20- Russia's top prosecutor has demanded that the central bank reverse a decision to bring in temporary administrators to Bank Yugra and overturn a moratorium on creditor claims to the bank. The office of Russia's Prosecutor General intervened in the episode late on Wednesday, issuing a statement saying it believed Yugra was financially stable...

  • Danske Bank CFO: See rates low for years

    Danske Bank CFO Jacob Aarup-Andersen takes a look at the rates environment and the credit side of the business, with comment on guidance and loan impairments.

  • BUDAPEST, July 20- Emerging European assets mostly trod water on Thursday morning before the European Central Bank's meeting, amid light trading. The European Central Bank is expected to leave interest rates and QE policy unchanged, but president Mario Draghi could give more details on how the central bank plans to gradually unwind its bond buying stimulus.

  • MOSCOW, July 20- Russia's top prosecutor has demanded that the central bank reverse a decision to bring in temporary administrators to Bank Yugra and overturn a moratorium on creditor claims to the bank. It is rare that a government official or body challenges the central bank's purge of the banking system, which has gathered pace under Governor Elvira...

  • Danske Bank CFO: Not worried about trading numbers

    Danske Bank CFO Jacob Aarup-Andersen talks about its net trading income figure, in light of its recent earnings release.

  • SHANGHAI, July 20- China's yuan weakened against the U.S. dollar on Thursday, which traders attributed to rising demand for the greenback from companies. Prior to market opening, the People's Bank of China set the midpoint rate at 6.7464 per dollar, near Wednesday's nine-month high guidance of 6.7451. One onshore trader at a Chinese bank in Shanghai said the...

  • TOKYO, July 20- The euro held near a 14- month high against the dollar on Thursday as investors look to hints from the European Central Bank on tapering of its stimulus, while the yen barely budged after the Bank of Japan kept monetary policy on hold. ECB President Mario Draghi opened the door to policy tweaks in a speech in Sintra, Portugal, in late June, leading to...

  • Health care companies including Abbott Laboratories are rising as investors focus on quarterly results, while weaker reports are putting a dent in industrial and basic materials companies. HEALTHY, WEALTHY: Abbott Laboratories, which makes infant formula, drugs and medical devices, gained $1.55, or 3.1 percent, to $50.98 after reporting results that were...

  • TOKYO— Japan's central bank has opted to keep its lavish monetary stimulus intact while downgrading its outlook for inflation. The Bank of Japan's policy meeting ended Thursday with no change to its injections of trillions of yen into the economy each year through government bond purchases. Haruhiko Kuroda has sought to spur inflation, and encourage...

  • TOKYO, July 20- The Bank of Japan kept monetary policy steady and pushed back again the timing for achieving its 2 percent inflation target on Thursday, reinforcing expectations it will lag well behind major global central banks in dialing back its massive stimulus program. In a quarterly review of its long-term projections, the central bank cut its inflation...

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