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Finance Banks

  • NEW YORK, March 22- Starting on Monday, Wells Fargo& Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking. Jonathan Velline, Wells Fargo's head of ATM and store strategy, said that the San Francisco- based bank decided to apply the smartphone technology to all of...

  • WASHINGTON, March 22- U.S. prosecutors are building potential cases that would accuse North Korea of directing the theft of $81 million from Bangladeshs account at the Federal Reserve Bank of New York last year, the Wall Street Journal, citing people familiar with the matter. The charges, if filed, would target alleged Chinese middlemen who prosecutors believed...

  • SAN FRANCISCO, March 22- With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. "I think we are moving toward a period where we...

  • LONDON, March 22- Several European banks are being closely monitored by the agency responsible for closing lenders which go bust in the euro zone, but none are failing or about to fail, the head of the Single Resolution Board said on Wednesday. Elke Koenig did not mention any EU country by name but told the European Parliament's economic affairs committee the SRB...

  • LONDON, March 22- British-based banks would be foolhardy to expect to retain access to European Union markets in return for sticking closely to the bloc's rules after Brexit, a senior banking official said on Wednesday. Banks in Britain can currently trade across the bloc's single market under European "passporting" rules, but this is expected to end after the UK...

  • JERUSALEM, March 22- The Bank of Israel allowed Altshuler Shaham Investment House to raise its holding in a banking corporation to 7.5 percent on Wednesday, the second such approval this year. Israel's two biggest banks, Hapoalim and Leumi, are the biggest stocks on the Tel Aviv Stock Exchange's blue-chip index. In most advanced economies, including the United...

  • SAN FRANCISCO, March 22- With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. "I think we are moving toward a period where we...

  • ING has confirmed it is facing a criminal investigation into alleged money laundering and corruption from Netherlands authorities.

  • President Donald Trump speaks before signing an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington February 3, 2017.

    Lobbyists say they are facing the reality that bank deregulation legislation will have to wait behind healthcare reform and taxes.

  • FRANKFURT, March 22- Banks looking to move from Britain to the euro zone after Brexit may be given an expedited entry, with supervisors willing to spare them from a lengthy initial test of their risk models, a top European Central Bank official said on Wednesday. A review of such internal models can take months, so the ECB's temporary waiver could expedite...

  • LONDON, March 22- The pound flattened out on Wednesday after hitting its highest levels in almost four weeks, as speculation that the Bank of England will raise rates within the next year was cooled by broader concerns about a Brexit-driven economic slowdown. The Bank of England's regular survey of firms pointed to a greater willingness to invest but also...

  • ZURICH/ LONDON, March 22- Swiss banking software and services provider Avaloq has got a 300 million Swiss franc injection from private equity firm Warburg Pincus in what the group described as a first step towards a potential public listing. Avaloq-- which has wealth managers, boutique banks and a growing number of global finance groups as clients-- has branched...

  • SAN FRANCISCO, March 22- With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. But, Kaplan was careful to emphasize in an...

  • Even if Congress does look to rewrite the 2010 Dodd-Frank law, it is unlikely to muster enough votes in the Senate for the strong across-the-board overhaul industry leaders had hoped for, roughly a half dozen lobbyists told Reuters in recent interviews. But they see short-term hopes for less stringent oversight by agencies like the Federal Reserve or the...

  • David Enrich, "The Spider Network" author, talks about one of the biggest financial scandals in history, the manipulation of the London Interbank Offered Rate.

  • Executive Edge: Financials under pressure

    CNBC's Wilfred Frost provides insight to the pullback in the financial sector as concerns over falling interest rates rise.

  • Pedestrians walk outside the New York Stock Exchange.

    U.S. financials should benefit from lower regulatory costs and a healthier economy ahead, says RBC Capital Markets' equity research chief.

  • Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas

    The Fed should raise rates two more times this year and continue work on a plan to trim its massive balance sheet, Dallas Fed President Robert Kaplan said.

  • LONDON, March 22- British businesses are becoming more willing to invest, offering some support for the economy as the fall in the value of the pound since the Brexit vote erodes consumer demand, a Bank of England survey showed on Wednesday. The report from the BoE's regional agents tallied with forecasts made by the central bank last month which pointed to solid...

  • *Graphic: sterling and gilt yields http://bit.ly/2dgAXn1. LONDON, March 22- The pound flattened out on Wednesday after hitting its highest levels in almost four weeks, speculation that the Bank of England will raise rates within the next year cooled by broader concerns about a Brexit-driven slowdown in the UK economy. Analysts also point to the jousting with...

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