Finance Banks

  • Steven Eisman, senior portfolio manager at Neuberger Berman.

    Steven Eisman, senior portfolio manager at Neuberger Berman, believes the Trump administration will roll back financial regulations.

  • Eisman: Undoing Dodd-Frank would be a disaster

    Steven Eisman, Neuberger Berman senior portfolio manager, gives his views on Dodd-Frank and financial regulations under the incoming administration.

  • MILAN, Dec 19- A key investor in ailing Italian bank Monte dei Paschi di Siena's privately funded rescue plan is unhappy with one crucial aspect of the deal, a disagreement that could sink the entire plan if not resolved, the bank said on Monday. The loan is an essential part of the bank's plan to sell 28 billion euros in bad loans and raise 5 billion in capital.

  • SHANGHAI, Dec 19- China's central bank will tighten supervision of shadow banking businesses by including off-balance sheet wealth management products into its risk-assessment framework next year, sources with direct knowledge of the matter told Reuters. Over the weekend, China's top leaders vowed at a key economic planning meeting to prevent asset...

  • *Bank has more than 20 million clients in Ukraine. KIEV, Dec 19- Ukraine took over its largest bank on Monday in a move backed by Kiev's international donors to protect the country's financial system and accompanied by an appeal for calm and assurances to depositors from President Petro Poroshenko. In one of the biggest shake-ups of the war-torn country's...

  • Indonesia's central bank governor said on Monday the bank is seeking to slash three zeroes off the face value of rupiah notes.

  • LONDON, Dec 19- Global regulators have stepped up efforts to reverse a decline in cross-border links between banks that are critical for people to send money abroad. So-called correspondent banking has come under intense regulatory scrutiny to stop money laundering and terrorism financing, prompting some lenders in Europe and the United States to withdraw,...

  • Businesses need to understand cyber threat: Lloyd CEO

    Lloyd’s of London CEO, Inga Beale says 92 percent of European businesses had suffered a cyber-breach.

  • MILAN, Dec 19 (Reuters)- European shares retreated from 11- month highs on Monday, with Italy's Monte dei Paschi leading banks lower on worries over a cash call, and Danone hit after the world's biggest yogurt maker warned over sales growth. The STOXX 600 was down 0.2 percent by 0937 GMT, pulling back after ending at its highest level since Jan. 5 on Friday.

  • First day of BMPS cash call

    Daniel Morris, senior investment strategist at BNP Paribas, takes a look at Italy’s economic performance, with comment on BMPS and whether the banks can improve going forward.

  • Brexit would impact 5% of revenues: Lloyd's CEO

    Lloyd's of London CEO, Inga Beale, breaks down the details of how much the company will be impacted by the Brexit outcome.

  • People queue outside a PrivatBank branch in Ukraine.

    Ukraine took over its largest bank on Monday in a move backed by Kiev's international donors to protect the country's financial system.

  • *Less than third of UK corporate rate of 20 pct. LONDON, Dec 17- Some of the biggest foreign investment and commercial banks operating in Britain paid an average tax rate of just 6 percent on the billions of dollars of profits they made in the country last year, a Reuters analysis of regulatory filings shows. Bank of America's two main UK investment banking...

  • ZAGREB- Croatia central bank Governor Boris Vujcic to talk on monetary projections and policy plans for 2017- 1000 GMT. SYDNEY- Reserve Bank of Australia to release the minutes of its December monetary policy meeting- 0127 GMT. BUDAPEST- Hungarian Central Bank rate-setting meeting- 1300 GMT.

  • CHARLOTTE, N.C., Dec 16- The Federal Reserve will likely need to raise interest rates more than three times next year and faces challenges in gradually cooling off the U.S. economy, Richmond Fed President Jeffrey Lacker said on Friday. "If we get behind, it's hard to really calibrate," Lacker said during a panel discussion in Charlotte, North Carolina.

  • BOGOTA, Dec 16- Colombia's central bank unexpectedly cut the benchmark interest rate to 7.5 percent on Friday as policymakers determined that weak economic growth was a more pressing risk for the Andean country than inflation that was still high. Economic growth has slowed amid a slump in the price of crude oil, one of Colombia's leading exports.

  • *Food prices expected to ease in coming months. LIMA, Dec 16- Peru's central bank raised its 2016 inflation outlook to 3.3 percent from 3.0 percent on Friday, citing a drought-induced spike in food prices that could delay its goal of bringing inflation to 2.0 percent by as much as a year. "We're worried that it could impact expectations for inflation," Central Bank...

  • SAO PAULO, Dec 16- Most Latin American currencies slipped on Friday as concerns over higher U.S. interest rates offset a sharper-than-expected rate hike by the Mexican central bank. The peso fell 0.5 percent, a day after the central bank's aggressive 50- basis-point tightening boosted the currency The bank has raised rates five times this year in a bid to curb...

  • *Budapest stocks hit fourth consecutive daily record high. BUDAPEST, Dec 16- Central European government bonds firmed and Hungarian stocks set a new record high on Friday as global markets calmed down after jitters caused by Wednesday's hawkish Federal Reserve comments. The Polish yield is still higher by 40 basis points and the Hungarian yield by 20 basis...

  • ISTANBUL, Dec 16- Hackers targeted Turkey's Akbank via the SWIFT global money transfer system in an attack which the bank said had not compromised customer data but would cost it up to $4 million. Banks globally face a growing threat from cyber attacks, more of which have succeeded since February's $81 million heist from the Bangladesh central bank.

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