Finance Banks

  • MOSCOW, June 27- Russia's central bank will raise from August the reserve ratios it sets for banks' liabilities in roubles and foreign currency, in a move to tighten liquidity which could help it meet its inflation target. "This measure will make it possible to absorb part of the liquidity inflow resulting from Reserve Fund spending to finance the budget deficit...

  • UK banks have enough capital & liquidity: Cameron

    United Kingdom Prime Minister says the bank stress tests reveal United Kingdom institutions can withstand a scenario more severe than the country currently faces.

  • Investors fear the worst for banks

    CNBC's Kayla Tausche reports on big worries over a UK recession hitting bank stocks.

  • Finding value in banks

    Discussing the positives and negatives for banks given the uncertainties in the market right now, with Erik Oja, S&P Global Market Intelligence.

  • LONDON, June 27- Shares in UK banks plunged on Monday as fears over the fallout from Britain's decision to leave the European Union sparked earnings downgrades and sell-offs by shell-shocked investors. The drop in state-controlled RBS has lost the UK Treasury around 8 billion pounds in the last two market sessions. Britain's Financial Conduct Authority,...

  • WASHINGTON, June 27- Federal Reserve Chair Janet Yellen will not participate in a central bank conference in Portugal organized by the European Central Bank, where she had been scheduled for a joint appearance with the Bank of England and ECB chiefs. A Fed official confirmed Yellen would be returning to the United States following the weekend meeting of the...

  • BEIJING, June 27- China's debt and financial risks were under control, the central bank said on Monday, adding that it would continue to implement prudent monetary policy and proactive fiscal policy. In its 2016 financial stability report, the People's Bank of China said it would also keep yuan interest rates at a reasonable level. The profitability of China's...

  • Wall Street NYSE

    The stress tests created for banks by U.S. regulators after the 2008 financial crisis may provide a timely message on banks' hardiness.

  • *Rome could take bank stakes, costing 40 bln euros- report. ROME, June 27- Italy is looking at options to protect its banks from a destabilizing sell-off of their shares, a government source said on Monday, as last week's Brexit vote took another heavy toll on lenders on the Milan stock exchange. Italy's two biggest banks, UniCredit and Intesa Sanpaolo, both fell more...

  • LONDON, June 27- Shares in Britain's top banks suffered further deep losses on Monday as fears about the fallout from Brexit sparked a litany of earnings downgrades and sell-offs by shell-shocked investors. Shareholder anxiety about Britain's decision to quit the European Union escalated despite calls for calm from British finance minister George...

  • EU, UK banks head lower

    CNBC's Kayla Tausche takes a look at what to watch in the financials as JPMorgan cuts their forecast for the sector.

  • MILAN, June 27- Italy is readying a plan to steady its banking sector, a vulnerable target for sellers after Britain's vote to leave the European Union raised fears of a market rout in the euro zone's weaker economies, local newspapers said on Monday. The paper said Prime Minister Matteo Renzi's government was already in talks with the European Commission about...


  • How will Brexit affect business and banking

    Chris Skinner, CEO of The Finanser, talks about the potential impact of Brexit on business earnings and the banking system.

  • Transferwise

    TransferWise CEO Taavet Hinrikus says there was up to triple the level of usual activity in and out of Britain on the fintech platform last week.

  • *Paris, Frankfurt most likely to host agency. BRUSSELS, June 26- The EU is preparing to move its European Banking Authority from London following Britain's vote to leave the Union, EU officials said on Sunday, setting up a race led by Paris and Frankfurt to host the regulator. While those who argued for Britain to leave the EU said the financial industry would thrive...

  • Asia Trade Brexit

    Asian Trade Centre's Deborah Elms expects affected businesses to make their own decisions instead of waiting for the U.K. government to move forward.

  • SHANGHAI, June 27- China's yuan tumbled to 5-1/ 2 year low versus the dollar on Monday as the central bank tolerated the Chinese currency's weakening after the Brexit by setting a sharply weaker midpoint and refraining from intervening in trading, traders said. The People's Bank of China weakened the official midpoint the most since August 2015 when China...

  • NEW DELHI, June 27- The Indian government has whittled down its list of candidates to become the next governor of the Reserve Bank of India to four, three of whom are economists and veterans of the central bank with the other the head of the country's largest bank. A senior government official said the four were: RBI Deputy Governor Urjit Patel; former deputy...

  • Can UK keep single market?

    CNBC’s Kayla Tausche reports on the potential for the UK losing access to the EU’s single market.

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