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Finance Banks

  • Timothy J. Sloan, CEO of Wells Fargo.

    CNBC's Wilfred Frost talks to Wells Fargo CEO Timothy Sloan about the Fed rate hike, the impact on consumers and the company, and his outlook for the economy.

  • LONDON, March 17- European shares edged higher on Friday, though weaker auto stocks euro zone banks weighed. The latter had hit a fresh 15- month high but fell back after a European Central Bank policymaker rekindled talk of a possible rate hike. Ewald Nowotny said the ECB would decide at a later date whether to raise interest rates before or after ending its bond...

  • Steven Mnuchin

    The past four presidential administrations — as did FDR — have had ties to Goldman Sachs, New York Times reports.

  • *France/ Germany 10- year yield spread hits fortnightly peak. LONDON, March 17- Short-term borrowing costs in Germany hit five-week highs on Friday on comments from ECB policymaker Ewald Nowotny that the bank could raise interest rates before the end of bond-buying stimulus in the bloc. The Austrian central bank governor told a newspaper on Thursday that the...

  • Doors closed locked shut down

    Investor withdrawals and fund liquidations came even as the industry's total assets surpassed $3 trillion for the time.

  • VIENNA, March 17- Raiffeisen Bank International's Russian business will not offer services to people with passports of two self-proclaimed republics in rebel-held eastern Ukraine unless legally obliged to do so, the Austrian lender said on Friday. The chief executive of Raiffeisen's Russian business, Sergei Monin, had told reporters on Thursday that it was...

  • VIENNA, March 17- Raiffeisen Bank International's Russian business will not offer services to people with passports of two self-proclaimed republics in rebel-held eastern Ukraine unless legally obliged to do so, the Austrian lender said on Friday. The chief executive of Raiffeisen's Russian business, Sergei Monin, had told reporters on Thursday that it was...

  • March 17- Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009, compensation firm Johnson Associates Inc said on Friday. An increase in market volatility since the election of U.S. Wall Street firms' bond trading revenue has fallen for about seven years as new rules on trading and capital have curbed profits.

  • *STOXX flat, set for weekly gain. MILAN, March 17- European shares were little changed on Friday, weighed down by weaker auto and utilities stocks, but euro zone banks spiked to a fresh 15- month high after a European Central Bank policymaker rekindled talk of a possible rate hike. Ewald Nowotny said the ECB would decide at a later date whether to raise interest rates...

  • Sloan: It's prudent to operate with a bit of a cushion

    CNBC's Wilfred Frost reports the highlights of his interview with Wells Fargo CEO Tim Sloan.

  • Tim Sloan, CEO of Wells Fargo.

    Bank CEO Tim Sloan told CNBC that his goal is to reduce the company's capital ratio so it can return more cash to investors.

  • STOCKHOLM, March 17- Swedish lenders Nordea and Handelsbanken will face no further sanctions for their involvement in the Panama Papers scandal as they had already been fined and acted to remedy the shortcomings, the country's financial watchdog said on Friday. The financial watchdog opened investigations into all four major Swedish banks after they...

  • Banks benefit from Trump’s deregulation push

    Financials fly as banks rely on a promise of less red tape.

  • *U.S. and China hike rates, Britain signals rise. Federal Reserve kicked things off this week with an interest rate hike on Wednesday, China followed with its own hike on Thursday, and then Britain and a European Central Bank policymaker hinted at higher rates. The latter two came as somewhat of a surprise to markets with Britain's economic future in doubt as it...

  • Tim Sloan, CEO of Wells Fargo.

    The Oracle of Omaha is the bank's biggest shareholder through his Berkshire Hathaway, which has a 9.6 percent stake worth $28.5 billion.

  • Timothy J. Sloan, CEO of Wells Fargo.

    CNBC's Wilfred Frost talks to Wells Fargo CEO Timothy Sloan about the big bank's sales practice scandal and how they are rebuilding shareholder trust.

  • BUDAPEST/ BUCHAREST, March 17- The leu led a retreat of Central European currencies and government bonds as euro zone markets priced in a likely European Central Bank interest rate hike in December. ECB policy maker Ewald Nowotny was quoted late on Thursday as saying that the ECB will decide whether to raise rates before or after ending its bond purchase program.

  • LONDON, March 17- Emerging equities were set on Friday for their strongest week since July 2016, up more than 4 percent and trading near 20- month highs after a dovish Fed, whilst the Turkish lira was at a three-week high after central bank tightening. "The risk scenario people were looking at, that they could signal a more hawkish path, did not come to fruition... and this...

  • Federal Reserve Chair Janet Yellen speaks during a news conference in Washington, March 15, 2017.

    The Fed made it easier for bigger lenders to merge, quadrupling its threshold of combined size that would require an extensive regulatory review of a proposed deal.

  • *U.S. and China hike rates, Europe and Britain signal. Federal Reserve kicked things off this week with an interest rate hike on Wednesday, China followed with its own hike on Thursday, and then Britain and a European Central Bank policymaker hinted at higher rates. The latter two came as somewhat of a surprise to markets with Britain's economic future in doubt as it...

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