Finance Banks


  • More money needed for migrant crisis: Dijsselbloem Wednesday, 20 Jan 2016 | 10:54 AM ET

    Europe needs to spend a lot more money on dealing with the migrant crisis, the head of the Eurogroup of finance ministers told CNBC.

  • 'Real trouble' in Russia when reserves run out: Browder Thursday, 21 Jan 2016 | 4:01 AM ET
    Bill Browder, Hermitage Capital Management

    With no signs of economic reprieve for Russia, there could be "trouble" in the country if the money runs out, Kremlin-critic William Browder said.

  • 'Plenty of room for growth' in China: GE Thursday, 21 Jan 2016 | 1:58 AM ET
    A woman is reflected on the black door of a General Electric (GE) refrigerator at a store selling electronics and appliances in Montebello, California on January 15, 2016.

    The Chinese economy still has "plenty of room for growth," GE's vice chairman tells CNBC.

  • Asia bears brunt of Barclays' global cull Thursday, 21 Jan 2016 | 12:40 AM ET

    Barclays will cut about 230 jobs and exit cash equities in Asia, as part of a broader retrenchment, the FT reports.

  • The key to caring for an ageing world: Sharing Thursday, 21 Jan 2016 | 12:15 AM ET

    How can the big data revolution help us to address some of the big challenges we are facing in healthcare?

  • Why smartphones need some brand new thinking Thursday, 21 Jan 2016 | 12:09 AM ET
    Smartphone texting

    As consumers, we now have the power to decide how pervasive smartphone technology is in our everyday lives.

  • BEIJING, Jan 21- Moves by China's central bank to inject over 600 billion yuan in liquidity ahead of the Lunar New Year holidays could substitute for a cut in the amount of cash that banks must hold as reserves, the chief economist at the People's Bank of China was quoted a paper as saying on Thursday. Ma Jun told the China Business News in an interview that PBOC's...

  • ECB to highlight growing inflation, economic risks Wednesday, 20 Jan 2016 | 6:01 PM ET

    *China slowdown, oil price are key risks. FRANKFURT, Jan 21- The European Central Bank will keep all interest rates on hold when it meets on Thursday but highlight increasing growth and inflation risks, raising the prospect of further policy easing later this year. ECB President Mario Draghi could also unveil further detail after Thursday's meeting about the...

  • BRASILIA, Jan 20- Brazil's central bank kept interest rates on hold on Wednesday in a dramatic climb down from hawkish guidance which could damage its credibility after it faced pressure not to harm an economy mired in its worst recession in decades. The decision came after central bank chief Alexandre Tombini on Tuesday unexpectedly backed away from his...

  • BRASILIA, Jan 20- Brazil's central bank kept interest rates on hold on Wednesday, backtracking from previous signals it was ready to boost borrowing costs after it was pressured to avoid harming an economy mired in its worst recession in decades. In a split vote, the bank's eight-member monetary policy board, known as Copom, decided to maintain its benchmark...

  • Barclays to cut 1,000+ investment bank jobs Wednesday, 20 Jan 2016 | 5:03 PM ET
    Jes Staley, Barclays’ chief executive

    Barclays will announce more than 1,000 job cuts across its investment bank, hitting its Asian operations particularly hard.

  • LONDON, Jan 20- Britain's Financial Conduct Authority, the body meant to police standards at banks, looks like a "road accident" after a botched decision to scrap a review into banking culture, a senior lawmaker said on Wednesday. "We all recognise that you have a very difficult job," Andrew Tyrie, the committee's Conservative chairman said. The rebuke came at a...

  • LONDON/ FRANKFURT Jan 20- Deutsche Bank has been forced by a German court to reinstate a Frankfurt employee whom New York regulators had ordered the bank to fire as part of a settlement over alleged interest rate rigging. New York's banking regulator then, Benjamin Lawsky, ordered Deutsche to take steps to fire a managing director, four directors and a vice...

  • DAVOS, Switzerland, Jan 20- The end of ultra-loose monetary policy and the divergence between central banks in the United States and Europe are contributing to recent volatility in financial markets, top bankers at the World Economic Forum in Davos said. Raghuram Rajan, the governor of India's central bank, acknowledged that we may now be experiencing the...

  • Europe on the verge of collapse: Soros Thursday, 21 Jan 2016 | 3:44 AM ET
    George Soros

    EU is on "verge of collapse" over migrant crisis, warns Soros, and is in "danger of kicking the ball further up the hill".

  • PARIS/ LONDON, Jan 20- BNP Paribas has chosen banks to prepare a multi-billion dollar stock market listing for its U.S. unit First Hawaiian Bank, sources close to the matter said. The bank said at the time that realising value from First Hawaiian Bank could strengthen the parent bank's Common Equity Tier 1 ratio- a key measure of bank capital stability- by up to...

  • Why financial services face many changes Wednesday, 20 Jan 2016 | 10:50 AM ET
    Why financial services face many changes

    Ted Moynihan, managing partner of financial Services at Oliver Wyman, explains why financial services are becoming more modular.

  • Banks now have better asset quality: Morgan Stanley Wednesday, 20 Jan 2016 | 10:30 AM ET
    Banks now have better asset quality: Morgan Stanley

    Morgan Stanley managing director, Huw van Steenis discusses how exposed European banks are to the current low oil prices.

  • UK banking watchdog says government has not leaned on it Wednesday, 20 Jan 2016 | 10:28 AM ET

    LONDON, Jan 20- Britain's Financial Conduct Authority has not felt any pressure from the government to soften its approach to regulating banks, the watchdog's chairman said on Wednesday. "The simple answer is no," FCA Chairman John Griffith-Jones told a panel of British lawmakers who asked if the finance ministry was leaning on the watchdog.

  • Jamie Dimon: Commodity prices fluctuate Wednesday, 20 Jan 2016 | 10:26 AM ET
    Jamie Dimon: Commodity prices fluctuate

    Discussing factors moving oil and commodity prices, with JPMorgan Chairman and CEO Jamie Dimon. In discussing an industrial recession, he tells CEOs, "if you're not nervous, you're crazy."

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