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  • Oct 28- Goldman Sachs Group Inc will pay a $50 million fine for a banker who took confidential documents from the Federal Reserve Bank of New York and shared them with a client, the New York Department of Financial Services said on Wednesday. Gross reached an agreement with federal prosecutors on Monday to plead guilty to misdemeanor theft, Gross' lawyer, Bruce...

  • WASHINGTON, Oct 28- The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next meeting put a December rate hike firmly in play. Investors had expected the Fed to remain pat on rates, but the overt reference to December came as a surprise.

  • US STOCKS SNAPSHOT-Wall St cuts gains after Fed statement Wednesday, 28 Oct 2015 | 2:04 PM ET

    NEW YORK, Oct 28- U.S. stocks cut gains on Wednesday after the Federal Reserve kept interest rates unchanged but left the door open to tightening monetary policy at its next meeting in December.

  • Why Carl Icahn is targeting an AIG breakup Wednesday, 28 Oct 2015 | 1:10 PM ET
    Why Carl Icahn is targeting an AIG breakup

    Investor Carl Icahn is calling for AIG to split into three companies. CNBC's Dominic Chu explains why.

  • *FTSEurofirst 300 up 1.1 percent. *Heineken, UCB, Volkswagen rally after results. MILAN, Oct 28- European shares extended gains on Wednesday, as energy stocks rose further on the back of a crude oil price rally, while investors were wary ahead of a Federal Reserve meeting widely expected to result in unchanged interest rates.

  • FOREX-Dollar down as markets lose faith in Fed rate hike Wednesday, 28 Oct 2015 | 11:11 AM ET

    NEW YORK, Oct 28- The dollar edged down against a basket of currencies Wednesday as markets bet that the U.S. Those numbers have dropped since European Central Bank chief Mario Draghi signaled more dovish policy in the euro zone Thursday and have continued downward every day since. While the Fed has indicated that it was considering a rate hike this year, traders...

  • AIG responds to Carl Icahn's demands Wednesday, 28 Oct 2015 | 9:30 AM ET
    AIG responds to Carl Icahn's demands

    Investor Carl Icahn is calling for AIG to split into three companies in a new letter, reports CNBC's David Faber.

  • Carl Icahn demands AIG break itself up Wednesday, 28 Oct 2015 | 9:00 AM ET
    Carl Icahn reveals 'large' stake in AIG

    Investor Carl Icahn is calling for AIG to split into three companies in a new letter, reports CNBC's David Faber.

  • LONDON, Oct 28- European stocks rose for the first time in three sessions on Wednesday after Sweden's central bank increased its bond buying while other assets were steady as investors wait to see if the Federal Reserve will clarify its rate hike plans later. The Riksbank's decision to ramp up its asset purchases by another $7.6 billion underscored just how...

  • FOREX-Dollar edges down as all eyes fix on Fed Wednesday, 28 Oct 2015 | 9:04 AM ET

    *Sweden's crown up as Riskbank expands QE. *Riksbank move seen increasing chance of Norges Bank cut. If it does so, Commerzbank's head of FX research in Frankfurt, Ulrich Leuchtmann, reckons the dollar would appreciate.

  • Barclays names former JPMorgan banker as CEO Wednesday, 28 Oct 2015 | 8:00 AM ET
    Barclays names former JPMorgan banker as CEO

    Barclays appoints former JPMorgan Chase banker Jes Staley as its new chief executive officer.

  • LONDON, Oct 28- European stocks rose for the first time in three sessions on Wednesday after Sweden's central bank increased its bond-buying but other assets were steady as investors wait to see if the Federal Reserve will clarify its rate hike plans later. That sent Sweden's 10- year government bond yields to two-month lows and pushed Stockholm's stock...

  • *Q3 underlying pretax falls to 2 bln stg pounds from 2.2 bln. *Shares down 4.5 percent, just above UK buy-in price. LONDON, Oct 28- Lloyds Banking Group reported weaker than expected third-quarter results on Wednesday, a setback for Britain's finance ministry which is planning to return the bank to full private ownership next year.

  • *Sterling steadies after marking 2- week low after soft UK GDP. LONDON, Oct 28- The Swedish crown recovered from an initial dip on Wednesday after Sweden's central bank expanded its asset purchase program but declined to cut interest rates, having already done so three times this year. That compares with the European Central Bank's 1.1 trillion euro bond-buying...

  • The challenges ahead for Barclays' new CEO Wednesday, 28 Oct 2015 | 5:30 AM ET
    The challenges ahead for Barclays' new CEO

    Barclays has appointed Jes Staley as its new chief executive. Mark Garnier MP, member of Treasury Select Committee, weighs in on this and the U.K. banking sector.

  • LONDON, Oct 28- Lloyds Banking Group, Europe's second biggest bank by market value, reported weaker than expected third-quarter results on Wednesday and set aside another 500 million pounds to compensate customers mis-sold loan insurance. "The results themselves are poor, while there is also limited commentary on the dividend outlook," said Citi analyst...

  • European shares get results lift, with Fed in focus Wednesday, 28 Oct 2015 | 4:15 AM ET

    LONDON, Oct 28- European shares edged higher in early deals on Wednesday, buoyed by a fresh batch of company earnings reports ahead of a Federal Reserve policy decision later in the day. Brewer Heineken rose 3.9 percent, the top FTSEurofirst 300 riser, after reporting strong sales in Europe and the Americas that came in above expectations. Belgian pharmaceutical...

  • JGBs edge up, with 10-year yield at six-month low Wednesday, 28 Oct 2015 | 3:21 AM ET

    *JGBs take cue from firmer Treasuries after downbeat U.S. data. TOKYO, Oct 28- Japanese government bonds edged up in thin trading on Wednesday, with the benchmark 10- year yield inching to six-month lows as investors awaited the conclusions to this week's central bank meetings. The Bank of Japan's policy meeting on Friday is also in focus, with the BOJ set to cut its...

  • *Gold up for second session. SINGAPORE, Oct 28- Gold rose for a second straight session on Wednesday, ahead of a Federal Reserve policy statement later in the day, as investors waited for clues on the timing of a U.S. rate hike. "We do not detect any real conviction that the Fed is likely to raise rates near term," said HSBC analyst James Steel, warning, however, that prices...

  • *Sterling steadies after marking 2- week low after soft UK GDP. TOKYO, Oct 28- The dollar edged closer to a 2-1/ 2- month high against a basket of currencies on Wednesday as traders awaited clues from the Federal Reserve about the timing of a U.S. interest rate increase. "Heading in to the FOMC, it's fair to say that market consensus is that there will be no change, but if...

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