×

Finance Banks

  • NEW YORK, March 10- A U.S. judge on Friday dismissed Lloyds Banking Group Plc, ICAP Europe Ltd and Tullett Prebon Plc as defendants from litigation alleging a conspiracy among many financial services companies to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. District Judge George Daniels in Manhattan said he lacked personal...

  • March 10- Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. Up 32 percent since the election of Donald Trump, the S&P 500' s bank index has outpaced the wider market's gain by roughly 3-...

  • NEW YORK, March 10- Wall Street's top banks were unanimous on the view the Federal Reserve will increase interest rates at its policy meeting next week following a stronger-than-forecast February U.S. payrolls report, a Reuters poll showed on Friday. "It ticks all the boxes for the Fed to move next week," said Michael Hanson, chief U.S. macro strategist at TD...

  • TORONTO, March 10- Canada's benchmark stock index ended barely higher on Friday, with sharp gains for gold miners offset by a slump in Toronto-Dominion Bank after CBC News reported that its employees were being pressured to meet high sales revenue goals. Shares in TD, Canada's No. 2 lender, closed down 5.6 percent at C $66.00, its biggest one-day decline since early...

  • NEW YORK, March 10- U.S. stocks rose on Friday after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates next week. Fed Chair Janet Yellen signaled last week the U.S. central bank is set to raise rates this month if employment and other economic data hold up. The Fed meets March...

  • *Wall Street gains on robust U.S. jobs data. NEW YORK, March 10- Crude oil resumed a sharp decline and global equity markets rose on Friday after a robust U.S. jobs report drove home the strength of the world's biggest economy and set the stage for the Federal Reserve to raise interest rates next week. Shares on Wall Street posted broad-based gains while banking...

  • NEW YORK, March 10- Wall Street's top banks were nearly unanimous on the view the Federal Reserve will increase interest rates at its policy meeting next week following a stronger-than-forecast February U.S. payrolls report, a Reuters poll showed on Friday. "It ticks all the boxes for the Fed to move next week," said Michael Hanson, chief U.S. macro strategist at TD...

  • March 10- Bank of America Corp has appointed Jim Cooney as head of its Americas Equity Capital Markets business, according to an internal memo seen by Reuters. A spokesman for Bank of America confirmed the contents of the memo. Cooney replaces previous head of Americas ECM, J.D. Moriarty, who resigned from the position to work at online lending company LendingTree...

  • NEW YORK, March 10- The euro hit a more than four-week high against the dollar on Friday after a report that the European Central Bank had discussed the possibility of raising interest rates before the end of its quantitative easing program. "I have no idea whether the reports are correct or not but it shows where we are," said Axel Merk, president and portfolio...

  • March 10- U.S. stocks were up slightly on Friday afternoon after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates next week. Fed Chair Janet Yellen signaled last week the U.S. central bank is set to raise rates this month if employment and other economic data hold up.

  • Wall Street gains on robust U.S. jobs data. NEW YORK, March 10- Crude oil resumed a sharp decline and global equity markets rose on Friday after a robust U.S. jobs report drove home the strength of the world's biggest economy and set the stage for the Federal Reserve to raise interest rates next week. Shares on Wall Street posted broad-based gains while banking...

  • WASHINGTON, March 10- U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls increased by 235,000 jobs last month as the construction sector recorded its largest gain in...

  • TORONTO, March 10- Canada's benchmark stock index slipped in afternoon trade on Friday, with shares in Toronto-Dominion Bank falling sharply after CBC News reported that employees of the bank were being pressured to meet high sales revenue goals, traders said. Shares in TD, Canada's No. 2 lender, fell as much as 5.3 percent to C $66.21, its biggest one-day decline...

  • MILAN/ LONDON, March 10- European shares came off highs on Friday, as growing talk about central bank tightening in the region hit utilities and export-oriented stocks but continued to boost the heavyweight banking sector. A report that some European Central Bank policymakers had discussed the possibility of rate hikes sent government bond yields soaring,...

  • NEW YORK, March 10- The euro jumped to a three-week high against the dollar on Friday after a report that the European Central Bank had discussed the possibility of raising interest rates before the end of its quantitative easing program. The euro rose as high as $1.0677 against the dollar, its strongest since Feb. 16. "I have no idea whether the reports are correct or...

  • March 10- U.S. stocks were off session highs on Friday after a solid jobs report virtually sealed the deal for the Federal Reserve to raise interest rates next week, and potentially set the course for an aggressive tightening path this year. Fed Chair Janet Yellen's conference on March 15 following the two-day meeting will be closely watched for clues on the pace...

  • *Money markets price in ECB rate hike by March 2018. LONDON, March 10- Euro zone bond yields soared on Friday after a report that some European Central Bank policymakers had discussed the possibility of rate hikes rattled markets already jolted by signs the ECB may be stepping back from its ultra-easy monetary policy stance. Germany's benchmark 10- year Bund...

  • WASHINGTON, March 10- U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls increased by 235,000 jobs last month as the construction sector recorded its largest gain in...

  • LONDON, March 10- Sterling skidded to an eight-week low against the euro on Friday, as the single currency rallied broadly on news the European Central Bank had discussed the possibility of raising interest rates before ending its quantitative easing program. The pound has also been hurt by worries that Britain's economy is heading for a slowdown on the back of...

  • *Wall Street gains on robust jobs data. NEW YORK, March 10- Crude oil resumed a downward drift and global equity markets rose on Friday after a robust U.S. jobs report drove home the strength of the American economy and set the stage for the Federal Reserve to raise interest rates next week. Shares on Wall Street posted broad-based gains while banking stocks in the...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.