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Finance Banks

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • NEW YORK, Feb 13- Dallas Federal Reserve Bank President Robert Kaplan on Monday said the U.S. central bank should act soon to raise rates, or risk having to abandon its plan to do so slowly. "I believe that we should be taking steps to remove additional amounts of monetary accommodation," Kaplan said in remarks prepared for posting to the Dallas Fed website.

  • NEW YORK, Feb 13- Dallas Federal Reserve Bank President Robert Kaplan on Monday said the U.S. central bank should act soon to raise rates, or risk having to abandon its plan to do so slowly. "I believe that we should be taking steps to remove additional amounts of monetary accommodation," Kaplan said in remarks prepared for posting to the Dallas Fed website.

  • Feb 13- That the Trump agenda is good for banks is self-evident; that shareholders will get their cut is a lot less likely. Friday's news of the resignation of Daniel Tarullo, the Federal Reserve official who served as quarterback of the effort to tame systemic risk in the banking system, touched off another leg in a sustained and powerful rally of U.S. bank shares,...

  • Wall Street NYSE

    CLSA's Mike Mayo sees the bank rally continuing, and his bullishness isn't dependent on the "Trump bump."

  • FRANKFURT, Feb 13- A pan-European "bad bank" is urgently needed, the head of Europe's banking regulator said on Monday, after Germany last month dismissed his proposal to tackle soured loans. The ratio of non-performing loans to total loans in European banks is 5.4 percent, about three times higher than other major regions, European Banking Authority Chairman...

  • FRANKFURT, Feb 13- A pan-European "bad bank" is urgently needed, the head of Europe's banking regulator said on Monday, after Germany last month dismissed his proposal to tackle soured loans. The ratio of non-performing loans to total loans in European banks is 5.4 percent, about three times higher than other major regions, European Banking Authority Chairman...

  • Federal Reserve Board chair Janet Yellen testifies before a Congressional Joint Economic hearing on Capitol Hill in Washington, DC, U.S. November 17, 2016.

    The Fed chair's testimony before Congress this week comes as the banking industry is about to undergo a dramatic makeover.

  • LONDON, Feb 13- Lloyds Banking Group is close to selecting Berlin as a European base to secure market access to the European Union when Britain leaves the bloc, sources told Reuters. Lloyds, which declined to comment, is the only major British retail lender without a subsidiary in another EU country and it would be the first major lender to commit to Berlin as a hub to...

  • NEW YORK, Feb 13- A measure of U.S. inflation expectations rose for a second straight month in January to its highest level since mid-2015, according to a Federal Reserve Bank of New York survey released on Monday that reinforced the view that interest rates would keep climbing. The survey of consumer expectations, an increasingly influential gauge of prices for...

  • MOSCOW, Feb 13- Russia's central bank said on Monday it would use auction operations to compensate for liquidity flows generated by the finance ministry buying foreign currency to replenish the country's fiscal reserves. In a regular report on liquidity, the central bank added that non-residents had partially closed their long positions in the rouble as a...

  • ASTANA, Feb 13- Kazakhstan plans to inject 2 trillion tenge into its state-owned' bad bank', the Problem Loans Fund, in order to buy distressed assets from local banks, central bank deputy chairman Oleg Smolyakov said on Monday. The International Monetary Fund said this month that resolving the issue of bad loans, some of which are yet to be recognized, is the main...

  • Bank, rescued by a group of hedge funds in 2013, has put itself up for sale as it seeks to build its capital to meet regulatory requirements

  • SHANGHAI, Feb 13- China's yuan weakened against the dollar on Monday as hopes of major U.S. tax reforms continued to boost the greenback. The People's Bank of China set the official yuan midpoint rate at 6.8898 per dollar prior to the market open, the weakest level in nearly four weeks and 79 pips softer than the previous fix at 6.8819. The dealer did not expect huge...

  • :The DBS Group Holdings Ltd. logo is displayed atop the company's DBS Asia Hub building in Singapore, on Thursday, Feb. 9, 2012.

    Stronger global oil prices have not benefited the offshore marine sector, whose troubles will weigh on Singapore banks report earnings.

  • What to make of Bendigo & Adelaide Bank's latest earnings

    Mike Hirst, MD of Bendigo & Adelaide Bank, talks about the credit environment in Australia.

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • SYDNEY, Feb 13- Australian banks seeking permission from the country's competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company's contactless payment function, removing the fees Apple charges as a bone of contention. Commonwealth Bank of Australia,...

  • The International Monetary Fund's Christine Lagarde is one of this year's attendees of the Bilderberg Meetings.

    IMF head Lagarde said she is keeping an eye on President Trump's attempt to roll back the law put in place after the financial crisis.

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