Finance Banks

  • *Fed funds rate raised to range of 0.50 pct to 0.75 pct. WASHINGTON, Dec 14- The U.S. In a news conference following the unanimous rate decision, Fed Chair Janet Yellen said Donald Trump's election had put the central bank under a "cloud of uncertainty" and already prompted some policymakers to shift their view of what's to come.

  • WASHINGTON, Dec 14- The U.S. government should keep banks from cutting off the accounts of vendors who work with state-sanctioned marijuana businesses, 10 U.S. senators said in a letter to the Treasury on Wednesday. That nervousness has spread to landlords, security guards, chemists, lawyers and other vendors working with marijuana businesses, according to the...

  • NEW YORK, Dec 14- U.S. stocks fell the most in two months on Wednesday after the Federal Reserve raised interest rates by a quarter point and signaled hikes could come next year at a faster pace than some expected. The Fed's decision to raise rates comes as President-elect Donald Trump, who will be sworn in next month, is seen cutting taxes and increasing spending on...

  • *Euro hits $1.0497, lowest vs dollar since March 2015. NEW YORK, Dec 14- The U.S. dollar hit its highest level against a basket of major currencies in nearly 14 years on Wednesday after the Federal Reserve raised interest rates for the first time this year and signalled a faster pace of increases in 2017.. The dollar index hit 102.350, its highest level since early...

  • Miller: What these banks need are higher rates

    Paul Miller, FBR managing director, and Cassandra Toroian, Bell Rock Capital president & CIO, discuss whether today's sell-off in financials indicates a buying opportunity.

  • NEW YORK, Dec 14- U.S. stocks fell on Wednesday after the Federal Reserve raised interest rates by a quarter point and signaled hikes could come next year at a faster pace than some expected.

  • Barney Frank, left, and Christopher Dodd in 2008

    The regulations have led to a better-capitalized system, but critics like Trump say they have handcuffed banks.

  • WASHINGTON, Dec 14- Federal Reserve Chair Janet Yellen said on Wednesday that tough banking rules are protecting financial markets and should largely be held in place. Many of those rules were conceived after the 2008 financial crisis and require the largest firms on Wall Street to hold more capital against future losses. President-elect Donald Trump has...

  • *Dollar hits 10- month high vs yen of 116.71 yen. NEW YORK, Dec 14- The U.S. dollar hit its highest level against the yen in 10 months and gained against other major currencies on Wednesday after the Federal Reserve raised interest rates for the first time this year and signalled a faster pace of increases in 2017.. The dollar rallied about 1.3 percent against the yen...

  • NEW YORK/ LONDON, Dec 14- Gold turned lower and tapped the lowest in more than 10 months on Wednesday, after the Federal Reserve raised U.S. interest rates by a quarter point and signaled a faster pace of increases next year, causing the U.S. dollar to rally. "There is some optimism built into the outlook, as the' dot' forecast now projects one more rate hike in 2017 than was...

  • NEW YORK, Dec 14- U.S. stocks fell in volatile trading on Wednesday after the Federal Reserve raised interest rates by a quarter point and signaled hikes could come next year at a faster pace than some expected. The Fed's decision comes as President-elect Donald Trump, who will be sworn in next month, is seen cutting taxes and increasing spending on infrastructure.

  • Schutz: I find value in banks that selling themselves, buying other companies

    Anton Schutz, Mendon Capital, and Jeffery Harte, Sandler O'Neill, share where they are finding value in the financial sector amid the Trump administration.

  • WASHINGTON, Dec 14- The Federal Reserve will conclude its two-day policy meeting on Wednesday with an interest rate increase all but assured and issue new forecasts assessing whether the economic outlook has changed since Donald Trump won the White House. The latest policy statement and projections are to be released at 2 p.m. ET with a press conference by Fed...

  • *Fed statement, projections due at 2 p.m. EST. NEW YORK, Dec 14- The U.S. dollar edged lower against a basket of major currencies on Wednesday after traders took profits from the greenback's recent gains on expectations that the Federal Reserve would take a cautious stance on future rate hikes this afternoon. The possibility that the Fed could surprise and increase...

  • MOSCOW, Dec 14- Russia's second-largest bank VTB approved a new strategy for 2017-2019 on Wednesday, aiming for loan growth of at least 10 percent a year and a sharp rise in profits. VTB is under Western sanctions over the Ukraine conflict and has been hurt by an economic slump linked to lower oil prices, though its profits have recovered somewhat this year.

  • *Budapest stocks at record high, Bucharest a three-month high. BUDAPEST/ BUCHAREST, Dec 14- Central European assets gained on Wednesday, with Budapest stocks reaching a record high, on optimism the Federal Reserve will not signal U.S. interest rates are going to rise higher and faster than is now expected. Investors waiting for the Fed's comments shrugged off...

  • Dec 14- Wall Street opened little changed on Wednesday, a day after all three major indexes hit record highs, as investors refrained from making large bets ahead of the outcome of the U.S. Federal Reserve meeting where the central bank is widely expected to raise interest rates. The Dow Jones Industrial Average fell 20.57 points, or 0.1 percent, to 19,890.64.

  • LONDON, Dec 14- The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed down by toxic debt, bankers involved say. The Basel Committee of banking supervisors from nearly 30 countries met in Chile last month in an effort to complete the new rules for lenders in the world's major financial...

  • *China bank lending heads for record as Nov new loans rise. *New Caledonia nickel miners seek to step up China shipments. LONDON, Dec 14- Copper steadied on Wednesday as investors remained upbeat on China's growth prospects but were anxious ahead of an expected U.S. rate rise and Federal Reserve commentary on the outlook for further monetary tightening and growth...

  • *Italy's biggest bank plans to raise 13 billion euros. *Italy home to some of Europe's highest fee payers. The bank, which has a market value of 17 billion euros, wants to tap equity markets early next year for one of Europe's biggest rights issues of the past decade, raising 13 billion euros to shield itself from a broader banking crisis.

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.