Finance Banks

  • *Spot gold was up 0.1 percent at $1,314.58 an ounce by 0050 GMT. Fed Chair Janet Yellen is scheduled to conclude the meeting with a press conference at 2:00 p.m. ET on Wednesday. Federal Reserve and its chair Janet Yellen this week if it chooses to give more monetary stimulus in its latest effort to jumpstart its economy and the U.S. central bank decides to stand pat...

  • *2- day mtg ends Sept 21; decision seen 0400-0530 GMT. TOKYO, Sept 20- The Bank of Japan could make negative interest rates the primary focus of its monetary policy on Wednesday, heightening market disquiet over what moving away from quantitative easing reveals about the waning firepower of global central banks. The BOJ's "quantitative and qualitative easing" has...

  • *Choppy session on Wall Street offers few directional cues. TOKYO, Sept 20- Asian shares edged lower on Tuesday as investors nervously waited on the outcomes of the Federal Reserve and Bank of Japan policy meetings that begin later in the session. MSCI's broadest index of Asia-Pacific shares outside Japan was slightly lower in early trading, after major U.S....

  • Europe Economy PKG

    BNP Paribas Group Chairman Jean Lemierre says negative rates will help the economy, but they also risk creating asset bubbles.

  • BOJ

    While negative rates are hurting Japanese banks, the rest of the economy needs to be supported, says Adviser Investments' Daniel Wiener.

  • TUESDAY, SEPTEMBER 20 BUENOS AIRES- Sweden's Riksbank Governor Stefan Ingves will hold a speech on cash usage in Sweden and the Riksbank's role in promoting an efficient payments system at a conference arranged by the central bank of Argentina- 1145 GMT BUDAPEST- Hungarian central bank rate-setting meeting- 1200 GMT ABUJA- Central bank of Nigeria interest...

  • NEW YORK— Wells Fargo CEO John Stumpf plans to apologize to Congress and the American public on Tuesday after allegations that bank employees opened millions of unauthorized accounts to meet aggressive sales targets. The Associated Press obtained a copy of the prepared remarks, in which Stumpf says he is "deeply sorry" the bank failed to fulfill its...

  • John Stumpf, CEO, Wells Fargo

    The CEO will testify before the Senate Banking Committee on Tuesday and say he is "deeply sorry," The New York Times reports.

  • John Stumpf, CEO, Wells Fargo

    Shareholder Gerald Armstrong wants a shake-up at Wells Fargo, including the exit of CEO John Stumpf.

  • NEW YORK, Sept 19- The U.S. dollar weakened on Monday on expectations the Federal Reserve will leave interest rates unchanged after its policymakers meet this week, while oil prices rose from multi-week lows. Weak recent U.S. data has boosted bets that the Fed will skip the chance to raise rates at this week's meeting, but investors will listen closely to Chair...

  • *Sarepta soars after FDA approves muscle drug. Sept 19- A see-saw session on Wall Street on Monday ended little changed, with gains in big bank stocks offsetting a drag from Apple, as investors braced for the Federal Reserve meeting later this week. The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet...

  • NEW YORK, Sept 19- The Federal Reserve will not raise interest rates when it meets this week, but the U.S. central bank will include "hawkish no-hike language," Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Monday. Currently WIRP, which measures the implied probability of an interest rate hike between 0 and 100, sits around 18 percent for the Fed's...

  • NEW YORK, Sept 19- World stock indexes edged higher and the U.S. dollar weakened on Monday on expectations the U.S. In Japan, policymakers could well go in the opposite direction by easing policy, though conflicting reports on what the central bank might do have stoked uncertainty. "The market is resigned to believing that not going to raise rates this week," said...

  • *Sarepta soars after FDA approves muscle drug. Sept 19- Wall Street edged higher on Monday, with gains in big bank stocks offsetting a drag from Apple shares, as investors braced for the outcome of the Federal Reserve meeting later this week. The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's...

  • wallet purchase

    Wall Street may find the need to freak out over whether the Fed is going to raise rates, but for Main Street the concern is remote.

  • Henry Kravis, co-chairman, co-chief executive officer and co-founder of KKR & Co., arrives for a session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 6, 2016.

    It’s survival of the fattest in private equity-land, and the new dynamic may force more M&A among investment firms.

  • *Wall Street led higher by financial stocks. NEW YORK, Sept 19- World stock indexes climbed and the U.S. dollar weakened on Monday on expectations the U.S. In Japan, policymakers could well go in the opposite direction by easing policy, though conflicting reports on what the central bank might do have stoked uncertainty.

  • NEW YORK, Sept 19- The Bank of Japan may steal the thunder from the U.S. "The BOJ is important in part because the Japanese have been buying anything abroad that gives them yields," said David Keeble, global head of interest rates strategy at Credit Agricole Corporate& Investment Bank in New York. Last week, the yield on 10- year Japanese government debt rose close to...

  • SAO PAULO, Sept 19- Latin American stocks and currencies mostly rose on Monday, boosted by rising oil prices and bets the Federal Reserve will strike a cautious tone in its policy statement this week. Oil prices rose 2 percent on Monday after Venezuela hinted that OPEC and major producers could agree to a market support deal, lifting the Colombian peso.

  • LONDON, Sept 19- Germany's benchmark 10- year bond yield held above zero percent on Monday, with the market's focus firmly on central bank meetings in Washington and Tokyo this week. What the BOJ says and does could have ramifications for euro zone bond markets, analysts said, since the European Central Bank is in the midst of its own QE program and there are...

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