Finance Banks

More

  • *UK bank shares, sterling fall sharply. LONDON, June 29- Britain's Brexit vote has battered UK bank shares and rocked the country's financial markets, but a 2008- style seizing-up of its banking system looks unlikely. There have been echoes of 2008 following the June 23 vote to take Britain out of the European Union, with some bank shares tumbling more than 30...

  • General Electric GE

    The U.S. Financial Stability Oversight Council announced the removal of GE Capital's nonbank financial company designation Wednesday.

  • Moody's cuts UK banking sector

    The agency changed its outlook on eight of 12 UK-based firms from stable to negative.

  • FRANKFURT, June 29- The European Central Bank is in no rush to ease its monetary policy in response Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, several sources have told Reuters. Emergency swap lines designed to provide euros to UK banks in case of stress had not been activated and, contrary to what had...

  • FRANKFURT, June 29- The European Central Bank is in no rush to ease its monetary policy in response Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, several sources have told Reuters. Emergency swap lines designed to provide euros to UK banks in case of stress had not been activated and, contrary to what had...

  • Despite the Brexit vote and dovish views from the Fed, the Mortgage Bankers Association still thinks a rate hike is on the way for July.

  • FRANKFURT, June 29- The European Central Bank is in no rush to ease its monetary policy in response Britain's vote to leave the European Union, taking comfort in a calmer-than-feared market reaction, several sources have told Reuters. The Brexit vote has hit the shares of euro zone banks and is likely to act as a drag on the euro zone economy, as ECB President Mario...

  • BRUSSELS, June 29- The European Commission stands ready to support the banking sector in Italy but has not given its backing to Rome's plan to prop up Italian banks after the turmoil caused by the Brexit referendum, an EU official told Reuters on Wednesday. On Tuesday in Brussels, Italy's Prime Minister Matteo Renzi met Commission president Jean-Claude Juncker...

  • MOSCOW, June 29- The increased volatility in global markets in the aftermath of Britain's vote to leave the European Union means Russian monetary policy needs to stay moderately tight, analysts at the Russian central bank wrote in a research note. "The Russian market looks confident compared to other countries," the analysts, whose comments do not reflect the...

  • June 29- Canadian Imperial Bank of Commerce said it would buy Chicago- based PrivateBancorp Inc in a cash-and-stock deal valued at about $3.8 billion to offer its Canadian clients access to U.S. banking services. PrivateBancorp, a middle market-focussed commercial lender with $17.7 billion in assets, will remain headquartered in Chicago and retain its...

  • Woman looks at chart showing drop in sterling against U.S. dollar in London on June 24, 2016.

    Contagion from the U.K. financial sector poses a risk to the U.S. following Britain’s decision to quit the EU, Goldman Sachs said on Wednesday.

  • June 29- Canadian Imperial Bank of Commerce said it would buy Chicago- based PrivateBancorp Inc in a cash-and-stock deal valued at about $3.8 billion to offer its Canadian clients access to U.S. banking services. PrivateBancorp's shares rose 26.5 percent to $45.46 in premarket trading on Wednesday, close to the offer price of $47 per share.

  • LONDON, June 29- Lloyds Banking Group plans to axe about 640 jobs, sources close to the matter said on Wednesday, as Britain's largest mortgage lender continues to scale back its branch network and workforce. British voters' surprise decision last week to leave the European Union is forcing bank executives to reconsider business models amid uncertainty and...

  • MOSCOW, June 29- Russia's biggest private bank Otkritie Financial Corporation aims to build on its success in organizing foreign loans for Russian companies starved of financing from state lenders hit by Western sanctions over the Ukraine conflict. Evgeny Dankevich, chairman of Otkritie Financial Corp's management board, told Reuters that his bank had...

  • What has a greater impact on banks currently: Brexit or market concern over the health of the European banking sector? Gildas Surry, senior analyst at Axiom Alternative Investments, discusses.

  • LLOYDS BANKING GROUP SHARES RISE 1.8 PERCENT TO 56 PENCE.

  • Will bank stock prices head lower?

    Jan Wolter, head of European banks research at Credit Suisse, discusses the impact of Brexit on banks and says investors are concerned about capital.

  • Post-Brexit Investing

    Ivan Vatchkov from Algebris Investments (Asia) explains why there are investment opportunities in U.S. banks stocks and European bank debt.

  • India Bank Consolidation

    Moody's Investors Service's Srikanth Vadlamani explains that consolidation of Indian state banks might create larger risks than benefits.

  • SHANGHAI, June 29- The yuan was little changed on Wednesday, hovering near its 5-1/ 2- year low against the dollar, after heavy dollar buying by banks' clients offset the central bank's stronger midpoint setting. The People's Bank of China appeared to have remained on the sidelines in the morning, letting the market dollar demand keep the yuan soft, traders said.

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.