Finance Banks

More

  • FOREX-Dollar weakens into Christmas after stellar year Thursday, 24 Dec 2015 | 5:06 AM ET

    LONDON, Dec 24- A poor week for the dollar worsened on Thursday, the last trading day before Christmas, falls of half a percent against the euro and the yen offering little sign of the strength most banks have predicted for 2016.. "has been a standout year for the greenback overall, but as we move closer towards 2016 there are few calls for USD to repeat its 2015 strength,"...

  • *Entrepreneurs' Q4 confidence index 46 pct vs 50.5 pct in Q3. BEIJING, Dec 24- Business confidence among China's entrepreneurs and bankers dipped in the fourth quarter of 2015 from the third, according to surveys by the People's Bank of China published on Thursday. The central bank has cut interest rates six times since November 2014 and reduced the amount of cash...

  • BEIJING, Dec 24- Business confidence among entrepreneurs in China fell in the fourth quarter of 2015 from the third quarter, according to a survey by the People's Bank of China published on Thursday. More households rated housing prices "unacceptably high" in the fourth quarter versus the third, a separate survey showed. Another central bank survey said 38.8...

  • US banks hit by cheap oil as OPEC warns of long-term low Wednesday, 23 Dec 2015 | 11:57 PM ET
    A Shell Oil facility in Carson, California

    U.S. banks face the prospect of tougher stress tests next year because of their exposure to oil, the Financial Times reports.

  • China's yuan flat after c.bank slightly softens guidance Wednesday, 23 Dec 2015 | 10:57 PM ET

    SHANGHAI, Dec 24- China's yuan barely moved against the dollar on Thursday after the central bank set a slightly softer guidance rate. The trading was the first after Wednesday's announcement by the People's Bank of China that the trading of the yuan onshore will be extended, starting Jan. 4. Beginning on Jan. 4, the onshore yuan's trading hours will last until...

  • DIARY-Top Economic Events to Jan 4 Wednesday, 23 Dec 2015 | 7:01 PM ET

    SUNDAY, JANUARY 3 SAN FRANCISCO- Federal Reserve Bank of San Francisco President John Williams participates in a panel on "The Equilibrium Real Interest Rate- Theory, Measurement, and Use in Monetary Policy" at the American Economic Association/ ASSA annual meeting- 1600 GMT. Economic and Monetary Policy Developments "before a panel on" The United States and...

  • *BNP considers "strategic alternatives" for First Hawaiian Bank. PARIS, Dec 23- BNP Paribas said on Wednesday it is considering "strategic alternatives" for its U.S. unit First Hawaiian Bank which could help France's biggest listed bank reach regulatory capital requirements by mid-2017. However, BNP Paribas added it is contemplating "strategic alternatives"...

  • Bancorp Bank to pay $4.3 million in settlement with FDIC Wednesday, 23 Dec 2015 | 1:00 PM ET

    WASHINGTON, Dec 23- The Bancorp Bank of Wilmington, Delaware, will pay a $3 million penalty and an estimated $1.3 million in restitution to about 21,000 harmed customers to settle alleged "unfair and deceptive practices," the FDIC said on Wednesday.

  • The FDIC also brought a related action on Wednesday against WEX Bank, which partners with Higher One, and ordered it to pay $1.75 million in fines. The FDIC added that both Higher One and WEX Bank will also collectively pay $31 million in restitution as well to an estimated 900,000 consumers. Regulators said Higher One engaged in a variety of deceptive practices,...

  • Candidate Sanders says U.S. Fed 'hijacked' by bankers Wednesday, 23 Dec 2015 | 9:29 AM ET

    The populist Sanders last week criticized the Fed's decision to raise interest rates and acknowledged proudly in a Saturday night debate that Wall Street won't like him in the White House. "Wall Street is still out of control," Sanders wrote in a New York Times opinion piece. Sanders' relentless focus on the ills of Wall Street has kept pressure on Democratic...

  • *Most currencies rangebound in holiday-thinned trade. LONDON, Dec 23- The dollar held steady in thinned trading on Wednesday after data painted a mixed picture of the U.S. economy, offering investors few clues as to how fast the Federal Reserve will raise interest rates next year. But other data reports showed that U.S. home resales unexpectedly plunged 10.5...

  • MOSCOW, Dec 23- Russia's largest bank Sberbank sees its retail loan book rising by a small amount in 2016, in line with the pace of growth this year, a deputy chairman of the bank said on Wednesday. Alexander Torbakhov added to reporters that he did not expect to see a rise in overdue loans among Sberbank's retail book next year. "The growth rate will be similar to those...

  • MUMBAI, Dec 23- India's banks say they expect credit growth to pick up moderately this financial year after falling to an almost two-decade low, as consumer confidence grows and companies resume borrowing to keep plants running and fund new projects. For the financial year ending March 2016, India's top bankers expect growth of about 14 percent, closer to the...

  • Seven big banks in UK paid just $30M tax in 2014 Wednesday, 23 Dec 2015 | 4:15 AM ET
    Skyline of London

    Seven of the biggest investment banks operating in London paid little or no tax in Britain last year.

  • SINGAPORE, Dec 23- Gold inched up on Wednesday, taking cues from a rebound in oil prices and a softer dollar as the metal drifted in a tight range in thin pre-holiday trade. Gold is positively correlated to oil as the metal is seen as a hedge against oil-led inflation. Gold has recovered from the losses that followed last week's move by the Federal Reserve to raise...

  • The European Central Bank in early December underwhelmed markets and gave evidence of internal division when it cut rates further into negative territory by just 10 basis points and extended rather than expanded its program of buying bonds. And while the Bank of Japan made adjustments to its bond-buying program after the Fed move last week, it did so after...

  • LONDON, Dec 22- Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in profits, a Reuters analysis of corporate filings shows. In recent months, the seven investment and corporate banks operating in London reported figures showing they paid a combined $31 million in...

  • ISTANBUL, Dec 22- Turkey's central bank left interest rates unchanged on Tuesday, a surprise move that reignited concern about political threats to its independence and put fresh pressure on the struggling lira currency. Analysts and investors have repeatedly called for a rate hike to rein in inflation and put a floor under the lira, which has been hit by...

  • ISTANBUL, Dec 22- Turkey's central bank left interest rates unchanged on Tuesday, a surprise move that reignited concern about political threats to its independence and put fresh pressure on the struggling lira currency. Analysts and investors have repeatedly called for a rate hike to rein in inflation and put a floor under the lira, which has been hit by...

  • ISTANBUL, Dec 22- Turkey's central bank left its main one-week repo interest rate unchanged at 7.5 percent on Tuesday, a surprise move likely to heighten concern about threats to its independence and heap more pressure on a struggling lira currency. Analysts and investors have repeatedly called for a rate hike to rein in inflation and put a floor under the lira,...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.