Finance Banks

  • The outlook sees a tale of two trades: "Hope" that dominates in the first half, then "fear" that takes over the rest of the way.

  • *Q4 EPS C $1.65 vs C $1.71 market view. TORONTO, Nov 30- Royal Bank of Canada on Wednesday reported a bigger-than-expected decline in fourth-quarter profit and said it was trimming back a key financial target, sending its shares lower. RBC said earnings per share fell to C $1.65 from C $1.74 the year before, reflecting a decline in profit at its capital markets...

  • Better economic activity generally means better for banks: Solomon

    Jeff Solomon, Cowen & Co. CEO, weighs in on deregulation and Treasury secretary pick Steven Mnuchin.

  • UnitedHealth Group, Goldman Sachs, and Facebook stocks are making headlines this Wednesday morning on Wall Street.

  • LONDON, Nov 30- The recent theft of money from accounts at retailer Tesco's online banking arm caused the British authorities to enact contingency plans to allow lenders to share information after the attack, the Bank of England said on Wednesday. Tesco Bank said earlier this month that 2.5 million pounds was stolen from a total of 9,000 customers, described by...

  • LONDON, Nov 30- The recent theft of money from accounts at retailer Tesco's online banking arm caused the British authorities to enact contingency plans to allow lenders to share information after the attack, the Bank of England said on Wednesday. Tesco Bank said earlier this month that 2.5 million pounds was stolen from a total of 9,000 customers, described by...

  • This is showing signs of fraying after a welter of rulemaking, but Stefan Ingves, chairman of the Basel Committee of banking regulators from nearly 30 countries, said "very good" progress was made on an outline deal during a meeting in Chile, which ended on Tuesday. Basel has set itself an end-of-year deadline for a deal on measures which have been challenged by the...

  • BASEL'S INGVES SAYS NO BIG CAPITAL INCREASE FOR OVERALL BANKING SYSTEM FROM NEW RULES.

  • NEW YORK, Nov 30- A centrist Federal Reserve president on Wednesday said he backed an interest rate hike "in the near future," adding to the very high odds that the U.S. central bank will tighten monetary policy next month. Dallas Fed President Robert Kaplan told reporters he had been "comfortable" with a rate hike at policy meetings in both September and early...

  • OTTAWA, Nov 30- Canada's economy accelerated in the third quarter at its fastest pace in more than two years as it benefited from a rebound in oil exports, cementing expectations the central bank will keep interest rates steady next week. Last quarter brought the strongest pace of expansion since the second quarter of 2014 and topped the Bank of Canada's...

  • *Oil soars amid signals of OPEC production cut. LONDON, Nov 30- Oil jumped more than 8 percent and the dollar, U.S. bond yields and stocks all pushed higher on Wednesday as signals from OPEC suggested the group was closing in on a deal to cut production. Combined with fresh concern about China's banking system, a stress test for British banks and a raft of euro zone data,...

  • NEW YORK, Nov 30- The Federal Reserve must not jump to conclusions now on what fiscal policies U.S. President-elect Donald Trump will pursue once in office but the U.S. central bank "will be on its toes" assessing their impact on the economy next year, Dallas Fed President Robert Kaplan said on Wednesday. Addressing a group of economists, Kaplan said some of the...

  • NEW YORK, Nov 30- The Federal Reserve must not jump to conclusions now on what fiscal policies U.S. President-elect Donald Trump will pursue once in office but the U.S. central bank "will be on its toes" assessing their impact on the economy next year, Dallas Fed President Robert Kaplan said on Wednesday. Addressing a group of economists, Kaplan said some of the...

  • *UK is' investment banker for Europe'- Carney. LONDON, Nov 30- Donald Trump's victory in the U.S. presidential election has increased the threats to the world economy from higher interest rates and less trade, the Bank of England said on Wednesday. The BoE also pointed to potential dangers from rapid Chinese credit growth or a disorganized British departure from the...

  • Mnuchin: Buying IndyMac one of most proud aspects of my career

    Treasury secretary pick Steve Mnuchin answers questions about his involvement with OneWest and IndyMac.

  • BEIJING, Nov 30- China has selected four banks as custodians of its pension insurance fund, clearing another hurdle for the investment of funds of up to $290 billion in its financial markets. The banks are Industrial and Commercial Bank of China, Bank of China, Bank of Communications and China Merchants Bank, the National Council for Social Security Fund said on...

  • Steve Mnuchin

    Commerce secretary pick Wilbur Ross and Treasury secretary pick Steve Mnuchin discuss Dodd-Frank and banking regulation.

  • *Bank of England sees challenging outlook for financial system. LONDON, Nov 30- Royal Bank of Scotland will cut costs and sell assets to boost capital, it said on Wednesday after failing its Bank of England stress test, with the central bank warning of a "challenging" outlook for Britain's financial system. Shares in RBS, which was bailed out by UK taxpayers eight...

  •  Measuring the state of UK banks in today's volatile world

    Are the assumptions used in the Bank of England's stress test model outdated? Mark Carney, the central bank's governor, gives his opinion to CNBC.

  • *Q4 EPS C $1.65 vs C $1.71 market view. Earnings per share fell to C $1.65, down from C $1.74 in the same period last year and short of the C $1.71 average forecast given by analysts, according to Thomson Reuters I/B/E/S Estimates. RBC, Canada's biggest lender, set aside C $358 million to cover the cost of loans that borrowers cannot repay, up from C $318 million the...

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