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Finance Banks

  • BAC beats on top and bottom line

    CNBC's Wilfred Frost breaks down Bank of America's quarterly numbers which posted EPS of $0.41 on revenues of $22.2 billion.

  • The bank earned a net profit attributable to equity holders of 91.2 million riyals in the three months to March 31, it said in a statement. The bank earned net profit, inclusive of non-controlling interests, of 91.2 million riyals for the first quarter, compared with 274.2 million riyals in the same period of last year. CBQ last year raised its stake in Turkey's...

  • Goldman Sachs

    The dark days of the financial crisis seem to be over for North American banks with one analyst telling CNBC that rising interest rates will boost margins and increase optimism after a period a readjustment for Wall Street lenders.

  • US regional banks eye of storm

    Tim Edwards, senior director of index investment strategy at S&P Dow Jones Indices, argues that the U.S. yield curve has been driving optimism in the country's regional banking sector.

  • SEOUL, April 18- South Korea's Daewoo Shipbuilding& Marine Engineering Co Ltd has won near unanimous agreement from bondholders to swap their debt for equity, meeting a condition that unlocks a $2.6 billion bank bailout for the world's biggest shipbuilder. "We will normalise the company as soon as possible through bone-grinding effort, so you can come to think...

  • DUBAI, April 18- Saudi Arabia's National Commercial Bank, the kingdom's largest lender, reported a 2.7 percent rise in first-quarter net profit on Tuesday as trading and investments income edged up, offsetting a rise in expenses. NCB's net profit rose to 2.70 billion riyals in the three months to March 31, from 2.63 billion riyals in the same period of 2016, it said...

  • David Benamou, managing partner at Axiom Alternative Investments, discusses the earnings and profitability of U.S. banks.

  • SAO PAULO, April 17- Brazil's Central Bank President Ilan Goldfajn has canceled a trip to the United States this week due to a health emergency related to a herniated disc, which has prevented long flights. Bank directors Tiago Berriel and Carlos Viana will replace Goldfajn at most events he had planned to attend overseas, including the spring meetings of the...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion in Washington- 1830 GMT. ANNANDALE- ON- HUDSON, New York- Esther George, president of Federal Reserve Bank of Kansas City, speaks before the Levy Economics Institute of Bard College's 26th Annual Minsky Conference 1300 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of April...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion in Washington- 1830 GMT. ANNANDALE- ON- HUDSON, New York- Esther George, president of Federal Reserve Bank of Kansas City, speaks before the Levy Economics Institute of Bard College's 26th Annual Minsky Conference 1300 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of April...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion- 1830 GMT. **NEW YORK- Vice Chairman of the Federal Deposit Insurance Corporation Thomas Michael Hoenig speaks at the Levy Economics Institute's 26th annual Hyman P. Minsky conference 1300 GMT. NEW YORK- European Central Bank board member Peter Praet will give a speech at the Levy...

  • TORONTO, April 17- Canada's main stock index posted its biggest gain in more than six weeks on Monday as heavyweight banking stocks bounced back from a recent slip and several industrial miners also gained as Chinese data showed surprising growth. The heavyweight financials group jumped 1.4 percent as bond yields recovered somewhat from multi-month lows,...

  • TORONTO, April 17- Canada's main stock index jumped on Monday, notching its biggest gain in a month, boosted by a bounce among heavyweight banking and energy stocks. The Toronto Stock Exchange's S&P/TSX composite index unofficially ended up 149.41 points, or 0.96 percent, at 15,684.89. Nine of its 10 main sectors gained.

  • TORONTO, April 17- Canada's main stock index rose on Monday as heavyweight banking stocks bounced back from a recent slip and several industrial miners also gained as Chinese data showed surprising growth. The financials group gained 0.5 percent, with Toronto-Dominion Bank up 0.9 percent to C $65.46 and Bank of Nova Scotia adding 0.6 percent to C $76.43.

  • *North Korea tensions, weak data boosts bond demand. The Wall Street Journal late on Sunday and Bloomberg News on Monday were among publications reporting Quarles' expected nomination. The feeling is that he might start pushing through some regulations that might help the banking sector, and take the pressure off yields moving lower, said Tom di Galoma, a...

  • April 17- Wells Fargo& Co said on Monday the State of Nevada had extended its banking agreement with the scandal-hit lender until 2021.. Several states, including California, Illinois and Ohio, have severed ties with the bank following a sales scandal that cost former Chief Executive John Stumpf his job. Wells Fargo's agreement with Nevada also comes with a...

  • The building in Washington, D.C. that houses the Export-Import Bank.

    CNBC's Ylan Mui reports President Trump is following up on his promise to Democrats to restore the Export-Import Bank but his nominees for the bank's board is not what the Dems had in mind.

  • SHANGHAI, April 17- China's yuan slipped against the U.S. dollar on Monday, after the central bank set a weaker midpoint and injected funds into the money market via medium-term lending facility loans for which interest rates were unchanged. China's economy grew 6.9 percent in the first quarter from a year earlier, slightly faster than expected and well above...

  • **WASHINGTON- World Bank President Jim Yong Kim participates in a discussion in Washington- 1830 GMT. ANNANDALE- ON- HUDSON, New York- Esther George, president of Federal Reserve Bank of Kansas City, speaks before the Levy Economics Institute of Bard College 26th Annual Minsky Conference, in Annandale- on- Hudson, N.Y 1300 GMT. **NEW YORK- European Central Bank board...

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