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Finance Banks

  • *France' s Macron takes 1st round lead in poll for 1st time. ING strategists said the central bank in Frankfurt would look to soothe nerves ahead of potentially fractious elections in the Netherlands and France, though recent polls have shown momentum for far-right parties abating. "The ECB will wait to see the political risks out of the way and convincing signs...

  • BERLIN, March 9- The European Central Bank should on Thursday prepare the ground for an exit from its ultra-loose monetary policy, a German banking association said as the central bank gathered for a policy meeting. "Such a step must be prepared very, very well" and policymakers should communicate it carefully, BdB head Michael Kemmer told Deutschlandfunk radio...

  • Money20/20 will be coming to Asia in 2018

    Philip Thomas, CEO of Ascential Events, says four to five thousand people are expected to attend the Asian edition of the fintech-focused event next year.

  • HONG KONG/ LONDON, March 8- Brussels based inter-bank messaging system SWIFT said it had cut off North Korean banks under U.N. sanctions, after Belgium said it would no longer give authorization for such transactions. However, the Belgian move also follows a United Nations report last month which said any company trading with a designated North Korean bank would...

  • SAO PAULO, March 8- Brazil's largest banks are increasingly demanding that companies put themselves up for sale as a condition to cut loan principal amounts, providing a jolt to an otherwise weak M&A climate in Latin America's largest economy. Over the same five-month period, eight of the 16 deals in which Banco Bradesco SA, Brazil's top M&A lender, has acted as...

  • SAO PAULO, March 8- Brazil's central bank denied on Thursday a report that the government could raise taxes on foreign exchange transactions to help deliver this year's fiscal target. Brazil's currency, the real, weakened as much as 1.9 percent to a session low of 3.1806 per U.S. dollar after the report. Finance Minister Henrique Meirelles said on Tuesday that...

  • *Wall Street mostly gains, but Dow off slightly. NEW YORK, March 8- The dollar gained and stocks on Wall Street mostly rose on Wednesday after U.S. private sector hiring surged in February, underscoring the economy's strength and adding to expectations the Federal Reserve will raise interest rates next week. The report raised expectations of a robust U.S. Labor...

  • March 8- David Nason, a General Electric executive and former Treasury Department official, has told the White House he is no longer interested in serving as the Federal Reserve's bank supervision chief. Nason informed the White House that he no longer wished to be considered for the position of Vice Chairman at the Federal Reserve. "This could be seen as a victory...

  • *Wall Street mostly gains, but Dow off slightly. NEW YORK, March 8- The dollar gained and stocks on Wall Street mostly rose on Wednesday after U.S. private sector hiring surged in February, underscoring the economy's strength and adding to expectations the Federal Reserve will raise interest rates next week. The report raised expectations of a robust payrolls...

  • 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.

    Wall Street would benefit if Dodd-Frank, the piece of legislation born out of the 2008 financial crisis, were to remain in place; Barclays CEO.

  • CAIRO, March 8- Egypt's current account deficit narrowed significantly to $4.67 billion in the second quarter of the 2016/ 17 fiscal year while the overall balance of payments surged to a $5.13 billion surplus, propelled by a decision to float the currency. Egypt's central bank abandoned its currency peg of 8.8 pounds to the U.S. dollar on Nov. 3, hoping to unlock...

  • LAGOS, March 8- The Nigerian affiliate of Abu Dhabi- listed telecoms company Etisalat is in talks with local banks to renegotiate the terms of a $1.2 billion loan it took out four years ago after missing a payment, a senior executive told Reuters. Ibrahim Dikko, vice president for regulatory affairs at Etisalat Nigeria, said Etisalat missed payments due to an...

  • *Fed to decide on rates at March 14-15 meeting. Traders have priced in an all-but-certain quarter point rate hike during the Fed's meeting on March 14-15, but investors are keen to know whether the central bank would increase the pace of rate hikes. "Even if the Fed raises rates next week, it would be to 75 basis points which is historically very low and is still...

  • Barclays CEO: Unified Europe important to all of us

    Jes Staley, Barclays CEO talks to CNBC's Wilfred Frost about the aftermath of Brexit and outlook on growth in the U.S. under a new administrtion. Also Staley weighs in on deregulation in the U.S. and its impact on global banks.

  • Barclays CEO: We'll settle with DoJ if treated fairly

    Jes Staley, Barclays CEO says the bank will settle with the U.S. Justice Department if it is treated fairly. Also Staley provides his outlook on the investment banking community.

  • Jes Staley, CEO of Barclays

    Jes Staley, Barclays CEO talks to CNBC's Wilfred Frost about the bank's turnaround plans, including its transatlantic strategy. The dialogue between the U.S. and U.K. is quite constructive, says Staley.

  • *ECB seen keeping policy expansive despite rising inflation. LONDON, March 8- The euro inched down to a five-day low on Wednesday, as investors eyed a meeting of the European Central Bank the next day that they expect will see policy kept loose despite rising inflationary pressures. It inched up 0.1 percent against the basket on Wednesday to 101.93, and also gained...

  • *Central to hold policy meeting on March 16. DENIZLI, Turkey, March 8- The Turkish Central Bank will closely monitor pricing behaviour and implement further monetary tightening if needed, its governor said on Wednesday, but the lira weakened in apparent disappointment he did not give a clearer signal on rates. Governor Murat Cetinkaya's comments, at a conference...

  • DUBAI, March 8- French bank Credit Agricole has picked JPMorgan to advise it on a potential sale of its 31 percent stake in Banque Saudi Fransi, valued at nearly $2.4 billion, sources familiar with the deal said. Credit Agricole has been selling assets and pulling out of markets such as Greece to meet post-crisis regulations and combat tougher economic...

  • *Wait-and-see mood takes hold before US jobs data. *ECB seen keeping policy expansive despite rising inflation. LONDON, March 8- The dollar steadied on Wednesday, with investors broadly taking a "wait-and-see" approach ahead of a U.S. labour market report later in the week, which follows a European Central Bank policy meeting.

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