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  • NEW YORK, July 15- Bank of America Corp Chief Executive Brian Moynihan has been hiring more sales staff, in areas ranging from commercial lending to wealth management, in his latest effort to boost revenue that has barely budged for years. Previously, Bank of America tried training individual employees to sell multiple products, but now it is focusing more on...

  • WASHINGTON, July 15- Federal Reserve Chair Janet Yellen on Wednesday resisted calls for more congressional oversight and intervention into the U.S. central bank, as members of a House of Representatives panel criticized her and other policymakers for failing to be more accountable. Representative Sean Duffy, a Wisconsin Republican, pulled no punches during...

  • *Nasdaq biotech index hits record high on Celgene deal. *Bank of America rises after profit more than doubles. *Delta Air Lines warning weighs on airline stocks.

  • Janet Yellen: Inequality for minorities concerns me Wednesday, 15 Jul 2015 | 10:36 AM ET
    Janet Yellen: Inequality for minorities concerns me

    Fed Chair Janet Yellen appears before the House Financial Services Committee to answer questions from the House panel including concerns about higher interest rates for minorities.

  • NEW YORK, July 15- The dollar rose on Wednesday after Federal Reserve Chair Janet Yellen reinforced market expectations for a U.S. interest rate hike, possibly as soon as September. The top U.S. central banker said in testimony prepared for Congress that the Fed remains poised to raise interest rates this year, with labor markets expected to steadily improve and...

  • *Silver prices fall nearly 2 percent. LONDON, July 15- Gold prices fell to four-month lows on Wednesday, extending losses for a third session as Federal Reserve Chair Janet Yellen said the U.S. central bank remains on track to raise interest rates this year. Spot gold was down 0.6 percent at $1,147.43 an ounce at 1402 GMT, while U.S. gold futures for August delivery...

  • *Bank of America rises after profit more than doubles. July 15- Wall Street was set to open little changed on Wednesday after Federal Reserve Chair Janet Yellen said the central bank remained on track to raise interest rates this year, with turmoil abroad unlikely to throw the U.S. economy off track. "The fact that the Fed feels comfortable raising rates even with...

  • WASHINGTON, July 15- Federal Reserve Chair Janet Yellen said on Wednesday the U.S. central bank remains on track to raise interest rates this year, with labor markets expected to steadily improve and turmoil abroad unlikely to throw the U.S. economy off track. "If the economy evolves as we expect, economic conditions likely would make it appropriate at some point...

  • July 15- Bank of America Corp, the No. 2 U.S. bank by assets, reported its biggest quarterly profit in nearly four years on Wednesday as mortgage banking revenue soared and expenses fell to their lowest since the financial crisis. Net income attributable to the bank's shareholders more than doubled to $4.99 billion, or 45 cents per share, in the second quarter ended...

  • BAC posts better-than-expected results Wednesday, 15 Jul 2015 | 7:33 AM ET
    BAC posts better-than-expected results

    David Hilder, Drexel Hamilton banking analyst, breaks down Bank of America's quarterly numbers, beating the Street on the top and bottom line.

  • BofA profit more than doubles on lower legal costs Wednesday, 15 Jul 2015 | 9:21 AM ET
    Pedestrians pass in front of a Bank of America branch in New York.

    Bank of America reported quarterly earnings that beat analysts' expectations on Wednesday.

  • Bove: What Jamie Dimon may be signaling Wednesday, 15 Jul 2015 | 7:00 AM ET
    Jamie Dimon

    Jamie Dimon unexpectedly said he might sit out future investor calls. Here's what Dick Bove thinks the JPM chief meant.

  • Dodd-Frank side effects: Larry Fink Wednesday, 15 Jul 2015 | 6:33 AM ET
    Dodd-Frank side effects: Larry Fink

    Larry Fink, BlackRock CEO, shares his thoughts on how regulations are impacting the banking sector, five years after the passing of Dodd-Frank.

  • LONDON, July 15- Tougher capital rules imposed on banks in the European Union since the financial crisis will be reviewed to see if they unnecessarily crimp lending, the bloc's financial services chief said on Wednesday, as Europe makes growth its top priority. Jonathan Hill said the bloc's capital requirements law may be changed to make it easier for banks to...

  • Is the US banking sector healthy? Wednesday, 15 Jul 2015 | 5:50 AM ET
    Is the US banking sector healthy?

    Fred Cannon, director of research and chief equity strategist at Keefe, Bruyette & Woods, discusses U.S. banks and future earnings.

  • China's yuan flat, shrugs off economic data Wednesday, 15 Jul 2015 | 12:09 AM ET

    SHANGHAI, July 15- China's yuan was flat on Wednesday as dollar supply and demand were roughly in balance, offsetting a slightly stronger midpoint and better-than-expected economic data for the second quarter. The People's Bank of China set the midpoint rate at 6.1152 per dollar prior to market open, 0.02 percent firmer than the previous fix at 6.1165.

  • BOJ keeps policy steady, trims GDP forecast Tuesday, 14 Jul 2015 | 11:23 PM ET

    TOKYO, July 15- The Bank of Japan kept monetary policy steady and largely maintained its upbeat inflation forecasts on Wednesday, even as soft exports and household spending forced it to trim its economic growth projection slightly. As widely expected, the BOJ reiterated its pledge to increase base money, or cash and deposits at the central bank, at an annual pace...

  • DIARY-Top Economic Events to July 28 Tuesday, 14 Jul 2015 | 8:00 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen delivers semi-annual testimony on monetary policy before the House Financial Services Committee- 1400 GMT. KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on economic conditions and monetary policy before the Federal Reserve Bank of Kansas City 2015...

  • NEW YORK, July 14- Rising U.S. interest rates may not boost bank profits by as much as many executives and investors hope, JPMorgan Chase& Co Chief Executive Jamie Dimon said on Tuesday. Investors expecting the Federal Reserve to lift rates this year have purchased U.S. bank shares, helping them perform much better than the overall U.S. stock market.

  • Shift to mobile banking Tuesday, 14 Jul 2015 | 3:19 PM ET
    Shift to mobile banking

    Discussing the shifting behavior of banking customers to online and mobile banking, with John Shrewsberry, Wells Fargo CFO.

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