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Finance Banks

  • At a White House forum on Friday with U.S. business leaders, including JPMorgan Chase's CEO Jamie Dimon, Trump said his administration expects "to be cutting a lot out of Dodd-Frank." That will involve a lot more than issuing an order, said former Democratic congressman Barney Frank, co-author of the 2010 Dodd-Frank Wall Street reform law that raised capital...

  • At a White House forum on Friday with U.S. business leaders, including JPMorgan Chase's CEO Jamie Dimon, Trump said his administration expects "to be cutting a lot out of Dodd-Frank." That will involve a lot more than issuing an order, said former Democratic congressman Barney Frank, co-author of the 2010 Dodd-Frank Wall Street reform law that raised capital...

  • Sen. Bob Corker.

    Sen. Bob Corker (R-Tennesee) discusses President Trump's executive order to roll back Dodd-Frank.

  • NEW YORK, Feb 3- Wall Street's top banks expect just two rate hikes from the Federal Reserve this year and see only modest risk to the U.S. central bank being pressed into a more aggressive pace of monetary policy tightening, a Reuters polls showed on Friday. While the Bureau of Labor Statistics monthly non-farm payrolls report showed employment growth continues...

  • Feb 3- Don't look to the Federal Reserve to take away the punch bowl from the Trump party in risk assets. Friday's payrolls data showed an economy creating jobs at a fair clip, but without the buildup in wage pressure which might force the Fed to raise interest rates rapidly. There is no additional pressure on the Fed to move beyond its indications of gradual rate...

  • Feb 3- Dont look to the Federal Reserve to take away the punch bowl from the Trump party in risk assets. Fridays payrolls data showed an economy creating jobs at a fair clip, but without the buildup in wage pressure which might force the Fed to raise interest rates rapidly. There is no additional pressure on the Fed to move beyond its indications of gradual rate hikes,...

  • Financials rise after Trump's financial regulation orders

    CNBC's Wilfred Frost reports on the effect on banks following President Donald Trump's executive order on financial regulation.

  • Trading Nation: Financial stocks surge

    Stacey Gilbert, Susquehanna, and Mark Tepper, Strategic Wealth Partners, discuss the with Brian Sullivan.

  • Senator Elizabeth Warren, D-MA

    Warren accused Trump of hypocrisy after a populist presidential campaign.

  • Former Rep. Barney Frank (D-Mass.) (L) and former Sen. Chris Dodd (D-Conn.) talk about their hallmark and namesake legislation, the Dodd-Frank Wall Street reform law, on the fifth anniversary of the law at the Newseum July 20, 2015, in Washington.

    The first thing to know about the changes is they won't be tailored to let Wall Street go back to high-risk practices linked to the crisis.

  • Trump pledged during his campaign to replace the Dodd-Frank law introduced under the Obama administration which raised capital requirements for banks, restricted their trading by means of the "Volcker Rule," and also created the Consumer Financial Protection Bureau. The U.S. Chamber of Commerce and other trade groups are seeking to have the fiduciary rule...

  • Slimmon: Earnings power substantial for financials

    Andrew Slimmon, Morgan Stanley Investment Management, and CNBC Contributor Ron Insana, weigh in on the rally in financials as President Trump plans to take down regulation.

  • 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.

    Senate Minority Leader Chuck Schumer says Trump is letting big banks "write the rules of the road."

  • MILAN, Feb 3- Italy's top retail bank Intesa Sanpaolo is still examining a possible tie-up with insurer Generali and will take all the time it needs to make up its mind, it said on Friday. Chief executive Carlo Messina told analysts on a conference call the lender would not sacrifice its strong capital base nor a planned 3.4 billion euros dividend payout on its 2017...

  • *Moves may deter private-sector money, put pressure on Rome. *UniCredit separately sells bad loans at just 13 cents to euro. MILAN, Feb 3- UniCredit has heavily written down the value of its 700 million euro investment in Italy's bank rescue fund and other investors are likely to follow suit, sources told Reuters, complicating efforts to stabilise the nation's...

  • Gary Cohn, director of the U.S. National Economic Council.

    Top aide Gary Cohn tells CNBC that everything Trump is doing is to promote growth and job creation.

  • WASHINGTON, Feb 3- The Federal Reserve is putting a bigger focus on commercial real estate in its annual "stress test" of how well the largest U.S. banks would fare in another financial crisis. The scenarios outlined in the test came on the same day President Donald Trump is expected to issue an executive order to review banking law introduced in the wake of the 2008...

  • MILAN, Feb 3- Italy's top retail bank Intesa Sanpaolo lowered its guidance for dividends to be paid on 2017 results to 3.4 billion euros after posting a slightly smaller than expected profit in the fourth quarter of last year. The bank's chief executive, Carlo Messina, said as recently as November he was aiming to pay dividends of 4 billion euros on this year's...

  • Frankfurt expects up to 10,000 financial industry workers to relocate from Britain to Germany's banking capital post-Brexit; lobby group.

  • LONDON, Feb 3- The dollar headed for its fourth straight weekly loss as stocks rose after better-than-expected U.S. payrolls data masked underlying weakness in wage growth that may keep the Federal Reserve from raising interest rates next week. Earlier in the day, an unexpected tightening of policy by China's central bank put Asian markets, already on the back...

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