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Finance Banks

  • SYDNEY, Feb 7- Australia's central bank held rates steady at its first policy meeting of the year on Tuesday, playing down a recent soft patch in economic growth as a temporary hiccup that would not prevent a pick up to a healthy 3- percent pace over time. The Reserve Bank of Australia's optimistic tone lifted the local currency 20 ticks to $0.7662 as markets...

  • Indonesia will hold a court hearing on Tuesday into a billion-dollar dispute between Goldman Sachs and a local tycoon.

  • Jim Cramer

    Jim Cramer explained why he is taking a different stance from many investors, and doesn't think a sell-off is in the cards.

  • Loophole in Dodd-Frank rollback?

    John Maxfield at The Motley Fool explains why lowering capital requirements might not lead to greater economic growth.

  • Feb 6- Evidence that Dodd-Frank Act regulation is making lending conditions tighter is thin on the ground, at least for the vast majority of the U.S. economy. President Donald Trump on Friday kicked off what he said would be a major restructuring of the post-crisis legislation governing everything from banks to capital markets to consumer financial...

  • A pedestrian walks past a Wall Street subway station near the New York Stock Exchange.

    President Donald Trump on Friday sent a message that he was removing the black hats from the heads of Wall Street CEOs.

  • WASHINGTON, Feb 6- Loan officers at U.S. banks reported largely unchanged lending standards and slightly looser terms for business loans in the last three months of 2016, the Federal Reserve reported on Monday in a quarterly survey. About a third of the 69 institutions surveyed, however, said they had "tightened somewhat" the standards for commercial real estate...

  • Rep. John Delaney

    Rep. John Delaney (D-Maryland) discusses the fiduciary rule and the memorandum from the Trump administration attempting to delay the rollout of the rule.

  • MILAN, Feb 6- UniCredit was hit by a slump in Italian banking stocks on Monday as it began Italy's biggest corporate share sale in an attempt to raise 13 billion euros to rebuild its capital after a balance sheet clean up. UniCredit's shares held up relatively well after the bank launched its rights issue, but closed down 6.9 percent at 12.21 euros, while Italy's...

  • FRANKFURT, Feb 6- The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis. That raises the prospect of the United States pulling out of some international cooperation efforts.

  • *STOXX down 0.6 pct; Germany's DAX down 1.1 pct. LONDON, Feb 6- European shares closed in negative territory on Monday as risk-off sentiment prevailed, with a negative note on carmakers and worries over Italian banks leading those sectors down. Italian banks again dominated the table of European loers, as Unicredit's 13- million-euro share sale put banking...

  • FRANKFURT, Feb 6- The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis. That raises the prospect of the United States pulling out of some international cooperation efforts.

  • Jamie Dimon

    Much has been made of the move and deservedly so considering the profit Dimon made — a $17 million gain on a $26.6 million investment.

  • Barney Frank

    Barney Frank, former representative (D-Mass.), and James Pethokoukis, American Enterprise Institute fellow, discuss the political rhetoric around Dodd-Frank regulations and the fiduciary rule.

  • After signing, U.S. President Donald Trump holds up 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.

    CNBC's Ylan Mui reports on President Trump's memorandum on the fiduciary rule.

  • CAIRO, Feb 6- Remittances from expatriate Egyptians rose 11.8 percent in the fourth quarter of 2016, the central bank said on Monday, with most of the increase coming after it floated the pound in a dramatic bid to unlock foreign currency inflows. The central bank said in a statement remittances had risen 15.4 percent to $1.6 billion in December 2016 from $1.4...

  • European Central Bank chief Mario Draghi attends the Committee on Economic and Monetary Affairs at the EU headquarters in Brussels on June 21, 2016.

    Financial regulation underpins stability and the idea of relaxing bank rules is 'very worrisome,' ECB President Mario Draghi said.

  • BRUSSELS, Feb 6- Financial regulation since the global financial crisis underpins stability and the idea of relaxing bank rules is' very worrisome', European Central Bank President Mario Draghi said on Monday. The new U.S. administration last week ordered a reviews of major banking rules that were put in place after the 2008 financial crisis, signalling that...

  • NEW YORK, Feb 6- The Bank of Mom& Dad is busy these days. Chelsea and Kirk Johnson of Lehi, Utah, consider themselves financially independent, yet they borrowed $5,000 from Kirk's parents for a down payment for a new home. Chelsea, 26, estimates that they are subsidized by about $7,000 annually from their parents, including babysitting, various family meals and a trip...

  • Paris holds all the aces over its European counterparts in luring UK-based bankers away from London throughout Brexit; Pécresse.

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