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Finance Banks

  • Resolving India's issue with NPAs

    Sanjeev Prasad, Kotak Securities, explains why he favors ICICI and State Bank of India stocks as the NPA problem is being worked through.

  • NEW YORK, April 5- The U.S. dollar tumbled from three-week highs on Wednesday, as minutes of the latest Federal Reserve meeting suggested the outlook for interest rates had not changed from what the Fed indicated last month after its rate hike decision. A break of support at 111 yen triggered stops all the way to 100.70 yen, they added. In the minutes, the Fed said it...

  • April 5- U.S. stocks turned negative on Wednesday afternoon after meeting minutes showed that the Federal Reserve sees a change in its bond investment policy later this year, which reversed a rally after a strong jobs report earlier in the day. Most Federal Reserve policymakers think the central bank should take steps to begin trimming its $4.5 trillion...

  • WASHINGTON, April 5- Most Federal Reserve policymakers think the central bank should take steps to begin trimming its $4.5 trillion balance sheet later this year as long as the economic data holds up, minutes from their last meeting showed. The dollar briefly slipped while stocks on Wall Street fell. "The December FOMC meeting is probably the most likely date to...

  • WASHINGTON, April 5- Most Federal Reserve policymakers think the central bank should take steps to begin trimming its $4.5 trillion balance sheet later this year as long as the economic data holds up, minutes from their last meeting showed. The minutes released on Wednesday of the March 14-15 policy discussion, at which the Fed voted 9-1 to raise interest rates,...

  • WASHINGTON, April 5- Most Federal Reserve policymakers think the central bank should take steps to begin trimming its $4.5 trillion balance sheet later this year as long as the economic data holds up, minutes from their last meeting showed. The minutes released on Wednesday of the March 14-15 policy discussion, at which the Fed voted 9-1 to raise interest rates,...

  • SAO PAULO, April 5- The Mexican peso led gains among Latin American currencies on Wednesday, supported by market intervention by its central bank ahead of the release of the U.S. The Banco de Mexico fully rolled over $500 million worth of currency hedging instruments originally sold a month ago to stem a slump in the currency. President Donald Trump will not...

  • The Citibank Corporate Office & Headquarters is viewed in midtown Manhattan.

    KBW says large banks will be able to return more capital to shareholders in coming years.

  • Tellers serve customers at the Wells Fargo bank in downtown Denver.

    Wells Fargo has restructured its credit card processing business after an internal probe found some employees had falsely reported customer sales numbers.

  • LONDON, April 5- Caution prevailed across major markets on Wednesday before a potentially tense meeting between U.S. Overnight, Richmond Federal Reserve President Jeffrey Lacker abruptly left the U.S. central bank after admitting that a conversation he had with a Wall Street analyst in 2012 may have disclosed confidential information about Fed policy...

  • Dennis Lockhart

    The U.S.’s substantial shadow banking system could be the source of the next financial panic, the former President of Atlanta’s Fed Bank has suggested.

  • MOSCOW, April 5- The Russian central bank's key rate does not influence the country's economic growth that much, German Gref, the chief executive of Sberbank, Russia's biggest lender, said on Wednesday.

  • Pendulum of banking regulation tends to swing: Dennis Lockhart

    Dennis Lockhart, former president of Federal Reserve Bank of Atlanta, comments on banking regulation in light of Jamie Dimon’s comments on relaxed bank rules.

  • LONDON, April 5- Europe's banking lobby warned on Wednesday of the dangers to wholesale banking and financial stability if negotiations over Britain's exit from the European Union end in deadlock. "Financial stability and market efficiency must be safeguarded during the Brexit implementation process and thereafter," the Association for Financial Markets...

  • Fed's Lacker says he was involved with Medley leak, announces resignation

    Richmond Federal Reserve President Jeffrey Lacker has resigned over his role in a leak from the central bank. CNBC’s Geoff Cutmore and Steve Sedgwick discuss.

  • WEDNESDAY, APRIL 5 LONDON Monetary Policy Committee member Gertjan Vlieghe gives speech at Bloomberg 1230 GMT. SYDNEY- Economic Analysis Department Head Alex Heath participates in panel at the Bloomberg Voices event, Sydney- 0730 GMT. SYDNEY Reserve Bank of Australia Deputy Governor Guy Debelle speaks at banking event in Sydney 2240 GMT.

  • MOSCOW- Moscow Exchange Forum with Central Bank Governor Elvira Nabiullina and Economy Minister Maxim Oreshkin. THURSDAY, APRIL 6 FRANKFURT, Germany- The chief economist of the European Central Bank, Peter Praet, gives a speech at the ECB- 0830 GMT. VALLETTA, Malta- Executive board member Vítor Constancio gives a keynote speech at the Eurofi High Level Seminar...

  • WEDNESDAY, APRIL 5 LONDON Monetary Policy Committee member Gertjan Vlieghe gives speech at Bloomberg 1230 GMT. SYDNEY- Economic Analysis Department Head Alex Heath participates in panel at the Bloomberg Voices event, Sydney- 0730 GMT. SYDNEY Reserve Bank of Australia Deputy Governor Guy Debelle speaks at banking event in Sydney 2240 GMT.

  • MOSCOW- Moscow Exchange Forum with Central Bank Governor Elvira Nabiullina and Economy Minister Maxim Oreshkin. THURSDAY, APRIL 6 FRANKFURT, Germany- The chief economist of the European Central Bank, Peter Praet, gives a speech at the ECB- 0830 GMT. VALLETTA, Malta- Executive board member Vítor Constancio gives a keynote speech at the Eurofi High Level Seminar...

  • CNBC Mad Money Lightning Round

    Jim Cramer sped through his take on caller favorite stocks, including this casino operator.

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