Finance Banks

More

  • ANKARA/ ISTANBUL, Nov 26- The Turkish government has no intention of curbing the independence of the central bank, officials said on Thursday, after the lira hit a two-week low on concerns about the new administration's plans. Fresh from an election win, Prime Minister Ahmet Davutoglu on Wednesday announced his ruling AK Party's platform in parliament, saying...

  • DIARY-Top Economic Events to Dec 9 Thursday, 26 Nov 2015 | 6:48 AM ET

    FRIDAY, NOVEMBER 27 RABAT- Bank of Spain Governor Luis Maria Linde to participate in the "Monetary Policy and Financial Stability in the Mediterranean Region" conference- 0600 GMT. NAGOYA, Japan- Bank of Japan Governor Haruhiko Kuroda speaks to business leaders in Nagoya- 0100 GMT. TUESDAY, DECEMBER 1 EAST LANSING, United States- Federal Reserve Bank of Chicago...

  • LONDON, Nov 26- Short-term euro zone interest rates fell to record lows on Thursday as markets interpreted a European Central Bank debate about two-tier deposit rates as signalling an aggressive cut was on the cards. Such a measure would reduce the impact of negative deposit rates on the banking system, particularly on banks in Germany and France, which keep...

  • Is this the next UK tech unicorn? Thursday, 26 Nov 2015 | 4:30 AM ET
    Is this the next UK tech unicorn?

    Dan Cobley, CEO of Brightbridge Ventures and ex-managing director of Google U.K., explains how his current fintech venture, Salary Finance, is taking on the banks.

  • Barclays hit by $109M fine for mishandling super-rich Thursday, 26 Nov 2015 | 6:32 AM ET

    Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.

  • Egypt returns ex-governor Okda to central bank fold Thursday, 26 Nov 2015 | 6:07 AM ET

    CAIRO, Nov 26- Egypt has appointed ex-central bank governor Farouk al-Okda to a high-level committee at the central bank as part of a reshuffle analysts say is aimed at helping steer the country out of a foreign exchange crisis. The move suggests that Egypt is headed for a change of course on monetary policy after the capital controls introduced by outgoing...

  • *Household, corporate loans grow fastest since Jan 2012. FRANKFURT, Nov 26- Euro zone lending expanded at its fastest pace in nearly four years in October, a welcome sign for the bloc's tepid recovery but unlikely to stop the European Central Bank from easing policy further next week. "It's too early to say we're at the start of a releveraging of the banking sector,"...

  • BEIJING, Nov 26- China's central bank has tested bilateral currency swap operations with the European Central Bank, according to a notice posted on the People's Bank of China website on Thursday. The currency swap deal, signed in October 2013, totalled 350 billion yuan, or 45 billion euros, the bank said. Both operations were completed successfully and are a step...

  • Euro area lending accelerates to near 4 year high Thursday, 26 Nov 2015 | 4:13 AM ET

    FRANKFURT, Nov 26- Euro zone lending expanded at its fastest rate in nearly four years in October while a broader measure of money circulating grew well ahead of expectations, data from the European Central Bank showed on Thursday. Growth in lending to non-financial corporations picked up to an annualised 0.6 percent from 0.1 percent in September, the best...

  • Big banks accused of interest rate-swap fixing Thursday, 26 Nov 2015 | 4:08 AM ET
    Wall Street

    A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.

  • FOREX-Euro on the defensive as ECB easing bets grow Thursday, 26 Nov 2015 | 3:55 AM ET

    LONDON, Nov 26- The euro fell back towards seven-month lows against the dollar and shed ground against the yen on Thursday as investors piled on bets against it, confident that the European Central Bank will ease monetary policy again next week. In the United States, investors largely squared their positions on Wednesday in preparation for Thanksgiving and...

  • TOKYO, Nov 26- Japanese government bond prices edged higher on Thursday, in response to a surge in their German counterparts brought about by reinforced expectations of further policy easing by the European Central Bank. A regular JGB-buying operation by the Bank of Japan also supported prices. The 30- year and 20- year JGB yields both dipped half a basis point...

  • China's yuan flat for 3rd straight day on c.bank guidance Wednesday, 25 Nov 2015 | 11:15 PM ET

    SHANGHAI, Nov 26- China's yuan stayed flat against the dollar on Thursday for the third consecutive trading session after the central bank set the daily guidance rate marginally weaker. The People's Bank of China set the midpoint rate at 6.3896 per dollar prior to market open, 0.03 percent weaker than the previous fix 6.3877. Granting foreign investors greater...

  • The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs Group, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, Barclays Plc, BNP Paribas SA, UBS, Deutsche Bank AG, and the Royal Bank of Scotland of colluding to prevent the trading of interest rate swaps on electronic exchanges, like the ones on which...

  • *Wall Street ends flat ahead of U.S. TOKYO, Nov 26- Asian shares advanced in early trade on Thursday, while growing bets the European Central Bank was gearing up to deliver further stimulus steps kept the euro under pressure. MSCI's broadest index of Asia-Pacific shares outside Japan edged up about 0.4 percent, after Wall Street put in a nearly flat performance...

  • NEW YORK, Nov 25- A class action lawsuit, filed Wednesday, accuses 10 of Wall Street's biggest banks and two trading platforms of conspiring to limit competition in the US $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup,...

  • *Wall St flat, European stocks rally. NEW YORK, Nov 25- The U.S. dollar gained and the euro briefly hit a seven-month low on Wednesday in a volatile session on views the European Central Bank will ease monetary policy further, including buying more debt and charging banks for hoarding cash. "A lot of people are taking the day off and this is just programs trading There's...

  • LIMA, Nov 25- Inflation in Peru during November will likely be higher than what the central bank would like due to an increase in some food prices, bank president Julio Velarde said on Wednesday, a sign an interest rate hike may be in the works. Velarde said that Peru's economy is growing below its potential of 4.5 percent and underscored that the sol currency has...

  • BRUSSELS, Nov 25- Europe's central banks are struggling with divergent quandaries over how to revive inflation and sustain economic growth as the U.S. While the Fed is widely expected to pull the trigger on a slow but steady tightening from December in response to solid U.S. growth and employment figures, the European Central Bank is likely to ease monetary...

  • SAO PAULO/ BRASILIA, Nov 25- The chief executive of Brazil's biggest independent investment bank and the leading senator in the governing coalition were arrested on Wednesday on suspicion of obstructing the country's most sweeping corruption investigation ever. The arrest of André Esteves, the billionaire CEO and controlling shareholder of BTG Pactual...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.