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Finance Banks

  • Cullen/Frost CEO notes 2 things the market got wrong about the Texas bank

    Jim Cramer spoke with Cullen/Frost CEO Phillip Green about oil prices and the Fed.

  • NEW YORK, March 15- Wall Street's top banks see two additional interest rate rises this year from the Federal Reserve and most expect at least three more in 2018, a Reuters poll showed Wednesday after the U.S. central bank lifted rates for the second time in three months. These so-called primary dealers, or banks that do business directly with the Fed, were divided,...

  • Oil gas North Dakota

    Jim Cramer spoke with Cullen/Frost CEO Phillip Green about oil prices and the Fed.

  • NEW YORK, March 15- Wall Street's top banks see two additional interest rate rises this year from the Federal Reserve and most expect at least three more in 2018, a Reuters poll showed Wednesday after the U.S. central bank lifted rates for the second time in three months. These so-called primary dealers, or banks that do business directly with the Fed, were more...

  • Sheila Bair

    Regulations can be simplified but the lessons of the financial crisis shouldn't be forgotten, former FDIC Chair Sheila Bair said.

  • March 15- The Federal Reserve will stick to a gradual path of interest rate rises even if inflation runs above its 2 percent target, Chair Janet Yellen said on Wednesday, signaling that the U.S. central bank is willing to use low rates to push down even harder on unemployment. Yellen's comments were the one major surprise in the Fed's decision on Wednesday to hike...

  • *Fed raises rates as job gains, inflation stoke confidence. NEW YORK, March 15- U.S. stocks rose sharply on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected. "People were thinking the Fed might be more aggressive, so the fact that they weren't means more complacency and a continued course," said Eric Schoenstein,...

  • *Fed raises rates as expected; job gains stoke confidence. NEW YORK, March 15- U.S. stocks surged on Wednesday, while Treasury yields fell and the dollar weakened, after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace of monetary tightening. "Lower rates, higher equities and a lower dollar...

  • NEW YORK, March 15- U.S. stocks rose sharply on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected, but did not flag any plan to accelerate the pace of monetary tightening.

  • *Fed hikes rates, as expected, but maintains 2017 rate forecasts. NEW YORK, March 15- The dollar posted steep losses against major currencies on Wednesday after the Federal Reserve raised interest rates as expected but signaled a more gradual pace of monetary tightening this year than many in the market anticipated. "In largely sticking with its previous median...

  • An M&T Bank branch in New York.

    The prime rate has been at 3.75 percent during most recent weekly surveys.

  • *Fed raises rates as expected; job gains stoke confidence. NEW YORK, March 15- U.S. stocks pushed higher on Wednesday, while Treasury yields fell and the dollar weakened, after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace of monetary tightening. "Lower rates, higher equities and a lower...

  • *Fed hikes rates, as expected, but keeps 2017 rate forecasts. NEW YORK, March 15- The dollar dropped to two-week lows on Wednesday, after the Federal Reserve raised interest rates as expected but did not signal a faster pace of monetary tightening this year. "Overall, the Fed statement had a slightly less hawkish tone than what the market had anticipated," said Bill...

  • *Fed hikes rates for second time in three months. NEW YORK, March 15- U.S. "Many in the market had positioned for a bit more of a hawkish-sounding Fed in the statement and the than was actually delivered," said Mark Cabana, head of U.S. short rates strategy at Bank of America Merrill Lynch in New York.

  • *Fed raises rates as expected; job gains stoke confidence. NEW YORK, March 15- U.S. stocks added to gains, while Treasury yields fell and the dollar weakened on Wednesday, after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace of monetary tightening. There was none of that in the statement, "...

  • *Fed's Yellen to speak at 2:30 p.m.. NEW YORK, March 15- U.S. stocks hit session highs in afternoon trading on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected. There was none of that in the statement, "said John Canally, investment strategist and economist at LPL Financial in Boston.

  • TORONTO, March 15- Canada's banks faced intensifying scrutiny on Wednesday after the country's financial watchdog launched an investigation and lawmakers called for a parliamentary inquiry following media reports suggesting improper sales practices at certain banks. Financial Consumer Agency of Canada Commissioner Lucie Tedesco expressed concern...

  • LONDON, March 15- It is "very possible" that Iceland will cut its interest rates if there is no sign of a sustained cooling of its currency and other conditions allow it, the head of the country's central bank said on Wednesday. The Icelandic crown has surged and its interest rates-- the highest in Europe at 5 percent and left unchanged on Wednesday-- are both a magnet for...

  • EU COMMISSION WILL PROPOSE BY YEAR-END MEASURES TO CUT BANK FEES ON RETAIL TRANSACTIONS IN EU CURRENCIES.

  • *Sterling steadies after weak UK wages. NEW YORK, March 15- The dollar edged lower on Wednesday, as investors awaited a widely-expected interest rate increase from the Federal Reserve, but grew cautious about the rate outlook this year given lingering uncertainty with the Trump administration's fiscal policy. "There may be disappointment that the' dot plots' are...

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