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Finance Banks

  • JOHANNESBURG, June 20- A major row in South Africa over the independence of its central bank escalated on Tuesday, with both sides trading barbs in a dispute over whether the bank should be more concerned about citizens and less about currency. The issue-- triggered by a public watchdog's recommendation-- comes just as South Africa's economy has sunk into...

  • Lloyd Blankfein, CEO and Chairman of Goldman Sachs.

    CNBC's Jim Cramer sat down with Goldman Sachs CEO Lloyd Blankfein to talk shop about the US economy and the executive's new penchant for Twitter.

  • DOHA, June 20- Qatar's sovereign wealth fund made U.S. dollar deposits in some local banks last week as a precaution after Saudi Arabia and other Gulf states cut diplomatic and transport ties with Doha, Qatari commercial bankers said. One Qatar- based banker, whose own institution received funds, said new deposits in the banking system by the Qatar Investment...

  • *A smaller percentage of bankers call policy appropriate. *Despite tighter money, more bankers confident on economy. BEIJING, June 20- Nearly one-third of Chinese bankers feel the country's monetary policy has been "relatively tight" in the second quarter, a central bank survey showed on Tuesday.

  • An EU extension to sanctions against Moscow could lead to a new arms race, according to the chief executive of Russia's VTB Bank.

  • Gildas Surry, partner at Axiom Alternative Investments, speaks about the European banking environment.

  • LONDON, June 20- Japan's Nikkei jumped to a near two-year high on Tuesday and European stock markets built on their biggest one-day gain in two months as central bankers gave a tempered message about growth and the chances of rises in interest rates. Bank of England Governor Mark Carney, fresh from a meeting which saw three colleagues on the bank's policy...

  • The issue-- triggered by a public watchdog's recommendation-- comes just as South Africa's economy has sunk into recession, its credit rating downgraded and politics is gripped by questions over President Jacob Zuma's stewardship. Public Protector Busisiwe Mkhwebane, head of South Africa's constitutionally-mandated anti-graft watchdog, called on Monday...

  • LONDON, June 20- Now is not the time to raise interest rates, Bank of England Governor Mark Carney said on Tuesday, warning that already weak wage growth risked a further loss of momentum as Britain prepares to leave the European Union. In a speech to London's banking community a day after Brexit talks started, Carney dashed any prospect that he might be close to...

  • *Bank made $3.0 billion loan to Qatar during fund raising. LONDON, June 20- Barclays and four former top executives have been criminally charged over undisclosed payments to Qatari investors during a 12 billion pound emergency fundraising in 2008.. The SFO also charged former top Barclays executives John Varley, Roger Jenkins, Thomas Kalaris and Richard Boath...

  • BEIJING, June 20- Business confidence among entrepreneurs in China improved in the second quarter of 2017 from the first quarter, according to a survey by the People's Bank of China published on Tuesday.

  • PARIS, June 20- The dollar hit a three-week high against a basket of currencies on Tuesday, after an influential Federal Reserve official said U.S. inflation would pick up as wages improved, bolstering bets on the Fed continuing to raise interest rates. The greenback got a further lift on Tuesday when Bank of England Governor Mark Carney said now was not the time to...

  • LONDON, June 20- Now is not the time to raise interest rates, Bank of England Governor Mark Carney said on Tuesday, warning of weak wage growth and a likely hit to incomes as Britain prepares to leave the European Union. Carney, speaking to London's banking community alongside finance minister Philip Hammond a day after Brexit talks started, said that depending on...

  • A combination photo shows, left to right, Thomas Kalaris, former chief executive officer of Barclays Wealth, Roger Jenkins.

    Barclays and four former senior executives have been criminally charged in a high-profile UK investigation into undisclosed payments to Qatari investors.

  • SINGAPORE, June 20- The dollar reached a more than three-week high versus the yen on Tuesday, after an influential Federal Reserve official said U.S. inflation should rise alongside wages, reinforcing expectations for the Fed to keep raising interest rates. That marked a gain of about 2.7 percent from the dollar's near 2- month low of 108.81 yen set on June 14.

  • Australia banks: Moody's downgrade a 'non-event'

    Moody's decision to downgrade Australia's banks merely aligned its ratings with S&P's earlier move, says David Ellis, Morningstar Australasia.

  • Zhou Xiaochuan, governor of the People's Bank of China, speaks during a press conference at the media center on March 10, 2017 in Beijing, China.

    Protectionism would compromise the competitiveness of China's financial sector, the country's central bank governor Zhou Xiaochuan said.

  • Moody's downgrades Australian banks

    Martin Smith, East and Partners, weighs in on the outlook for Australia's banking sector following the downgrade in ratings by Moody's Investors Service.

  • Banking system risks in Australia

    Shard Jain, S&P Global Ratings, says a sharp downturn in the housing market and weaker economic conditions pose risks to the Australia banking system.

  • SINGAPORE, June 20- The dollar hit a three-week high against the yen on Tuesday, after an influential Federal Reserve official said U.S. inflation should rise alongside wages, supporting expectations for the Fed to keep raising interest rates. The dollar rose to 111.775 yen at one point, reaching its strongest level since May 26. Dudley's comments reinforced the...

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