Finance Banks


  • WICHITA FALLS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated Q&A before the Wichita Falls 26th Annual Economic Forum. TUESDAY, NOVEMBER 15 MELBOURNE- Reserve Bank of Australia to publish the minutes of its November policy meeting- 0030 GMT. "LONDON- Federal Reserve Bank of St. Louis President James Bullard participates...

  • Cramer's 'best growth' oil play to benefit from Trump deregulation

    Jim Cramer highlights one play in the oil patch that could benefit from Donald Trump's presidency.

  • Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York.

    Fiscal stimulus and higher interest rates are going to benefit banks, said Fred Lane, founder of Lane Generational of Raymond James.

  • NEW YORK, Nov 11- The U.S. banking sector's dramatic rally post Election Day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest rates and lighter regulation under a Donald Trump presidency. This was the index's best three-day performance since August 2009. "They are not close to being expensive yet,"...

  • Lane: Expect bank rally to last & a lot of fiscal stimulus

    Fred Lane, Lane Generational of Raymond James, and Jeffery Harte, Sandler O'Neill, share their outlooks on financials under Donald Trump's presidency.

  • SANTIAGO, Nov 11- The head of the Bank of Canada said on Friday he could not speculate on how Donald Trump's election as U.S. president would affect monetary policy, but that the central bank will respond to shocks as needed and rely on its inflation target to set interest rates. Governor Stephen Poloz, speaking at a central bank conference in Santiago, reiterated...

  • Globe with market prices

    Donald Trump's political ride has been anything but predictable. But his presidency may follow at least something that resembles a script.

  • MOSCOW, Nov 11- Two of Russia's largest banks, Sberbank and Alfa Bank, say they have been hit by cyber attacks in recent days. Cybersecurity firm Kaspersky Lab said the distributed denial of service attacks represented the first major wave of such attacks on Russian banks this year and that at least five of the country's largest banks had been targeted.

  • MILAN, Nov 11- Italian bank UniCredit has received four binding offers for its asset manager Pioneer, valuing the business at more than 3 billion euros, two sources close to the matter said on Friday. The offers came from a consortium led by Italy's post office, France's Amundi, Australia's Macquarie and U.S.-based Ameriprise Financial, the sources said.

  • *Italy leads European bond slide. NEW YORK, Nov 11- Stocks in major world markets fell on Friday as investors booked profits in sectors that rallied in the wake of the U.S. President-elect Donald Trump's campaign promises of tax cuts, higher defense and infrastructure spending, and bank deregulation.

  • President-elect Donald Trump speaks during a meeting with House Speaker Paul Ryan (R-WI) at the U.S. Capitol November 10, 2016 in Washington, DC.

    As economists ruminate over the possibilities of a Trump presidency, the market is telling us what's about to happen, says Ron Insana.

  • Soldiers from the 3rd Brigade, 1st Cavalry Division, celebrate after boarding a C-17 transport plane to depart Camp Adder, now known as Imam Ali Base, on December 17, 2011 near Nasiriyah, Iraq.

    Bankers have many skills that can be very valuable to the military, says Wall Streeter and Navy Reservist Kabir Sehgal.

  • SANTIAGO, Nov 11- U.S. economic growth prospects appear strong enough for the Federal Reserve to proceed with gradual interest rate rises but the central bank is monitoring an increase in long-term U.S. government borrowing costs, Fed Vice Chair Stanley Fischer said on Friday. Since Republican Donald Trump was elected U.S. president on Tuesday, the 10- year...

  • Mario Gabelli

    Mario Gabelli, GAMCO Investors chairman & CEO, discusses his play on Donald Trump's election, including bets on infrastructure stocks and bank stocks.

  • KBW CEO: Regulation rollbacks ahead

    Thomas Michaud, KBW CEO, talks about the benefits of deregulation for big and small banks. Also Michaud address where he's like to see changes in the Dodd-Frank Act.

  • BEIJING, Nov 11- Chinese banks extended 651.3 billion yuan in net new yuan loans in October, below expectations and falling sharply from September as policymakers pledged to prevent asset bubbles in the increasingly debt-fueled economy. The People's Bank of China has been keeping policy accommodative to spur growth- as evident by record bank lending so far...

  • *Oct new loans 651.3 bln yuan, vs f'cast 700 bln yuan. BEIJING, Nov 11- Chinese banks extended 651.3 billion yuan in net new yuan loans in October, below expectations and falling sharply from September, as policymakers pledged to prevent asset bubbles in the increasingly debt-fueled economy. Analysts polled by Reuters had expected new lending to have fallen back...

  • BEIJING, Nov 11- Chinese banks extended 651.3 billion yuan in new yuan loans in October, below analysts' expectations and down sharply from 1.22 trillion yuan in September. Broad M2 money supply grew 11.6 percent from a year earlier, the central bank said on Friday, slightly above forecasts. Analysts polled by Reuters had expected new lending of 700 billion yuan in...

  • SEOUL, Nov 11- South Korea's central bank kept its policy interest rate unchanged for a fifth straight month on Friday, as anticipated, as the bank chose to observe rather than act amid political turmoil at home and ahead of a landmark U.S. The following is a chronology of the Bank of Korea's main policy rate changes since it began setting the policy rate target in...

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