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  • Tempe, Ariz., Nov 7- Now that the United States is closing in on full employment and inflation is likely to rise to target levels, the "next step" should be to start gradually increasing rates, a top U.S. central banker said on Saturday. "I do think it makes sense to gradually remove the policy of accommodation that helped get the economy to where we are," San Francisco...

  • TEMPE, Ariz, Nov 7- Markets have lost their "muscle memory" for anticipating moves by the Federal Reserve, but will relearn how to take cues from economic data and central bankers' forecasts once U.S. interest-rate rises get underway, a top Fed official said on Saturday. "It's not so much poor communication on our part," San Francisco Federal Reserve Bank President John...

  • Tempe, Ariz., Nov 7- Now that the United States is closing in on full employment and inflation is likely to rise to target levels, the "next step" should be to start gradually increasing rates, a top U.S. central banker said on Saturday. "My forecast is that we'll reach our maximum employment mandate in the near future and I'm increasingly confident that inflation will...

  • Nov 6- The former chief executive of TierOne Bank, a publicly traded lender in Lincoln, Nebraska that failed in June 2010, was convicted on Friday for concealing loan and real estate losses during and after the financial crisis, the U.S. Department of Justice said. A federal jury in Lincoln found Gilbert Lundstrom, 74, guilty on 12 of the 13 counts he faced, including...

  • Employers outside of the farming sector added 271,000 jobs in October, the most in 10 months, and the jobless rate fell to a 7-1/ 2- year low of 5.0 percent, the Labor Department said on Friday. "We've indicated that conditions look like they could be right for an increase," Chicago Federal Reserve Bank President Charles Evans told CNBC. Louis Fed chief James Bullard...

  • *JPMorgan, Bank of America, Citigroup shares strong. Nov 6- U.S. stocks ended little changed on Friday, with a rise in financials countered by a slide in utilities and other sectors, as Wall Street took the strong U.S. jobs report as evidence the Federal Reserve will soon raise interest rates. The overall market on Friday was "holding up well," Peter Jankovskis, co-chief...

  • *Alibaba drops as Chanos says stock a possible short. Nov 6- U.S. stocks slipped on Friday, with a slide in utilities and other sectors outweighing a rise in financials, as a strong jobs report gave Wall Street a clear sign the Federal Reserve could soon raise interest rates. Banks tend to benefit from higher borrowing rates, and shares of JPMorgan, Bank of America and...

  • BRASILIA, Nov 6- Brazil's central bank should act swiftly to limit any price shocks that compromise its goal of bringing inflation back to the official target, bank director Tony Volpon said on Friday. Inflation in Brazil has continued to climb despite an aggressive rate-hike cycle by the central bank which started last year and despite a rapidly contracting...

  • Chinese banks will lose all their equity: Kyle Bass Friday, 6 Nov 2015 | 1:47 PM ET
    Chinese banks will lose all their equity: Kyle Bass

    "The Chinese banking system is too big for its britches to an extent," explains Kyle Bass, Hayman Capital Management.

  • NEW YORK, Nov 6- The dollar jumped to a seven-month high, pushing oil prices lower, and short-term U.S. bond yields rose to their highest in five years on Friday after strong U.S. jobs data bolstered expectations that the Federal Reserve will raise interest rates in December. Non-farm payrolls increased 271,000 in October, the largest rise since December, while...

  • Nov 6- Wall Street's top banks expect the Federal Reserve to raise interest rates in December, and most brokerages said their conviction around such a move had increased in the last month, according to a Reuters poll conducted on Friday. Several officials, including Fed Chair Janet Yellen, have suggested in recent days that a move in December is a distinct...

  • Nov 6- Two U.S. central bank policymakers on Friday hailed surprisingly strong monthly jobs figures, which have cemented the view that the Federal Reserve is likely to raise rates in December. Louis Fed President James Bullard and Chicago Fed President Charles Evans said the jobs numbers were very good. "We are doing about as good as we could ever do," Bullard said in...

  • ST. LOUIS, Nov 6- Debate within the U.S. Federal Reserve will quickly turn to the appropriate pace of monetary policy tightening after an initial rate hike, a battle that may be fought in an environment of unexpectedly higher inflation, St. Louis Fed President James Bullard said on Friday.

  • Forget rates, the Fed needs to weigh in on pot Friday, 6 Nov 2015 | 11:33 AM ET

    As states move to legalize marijuana use, banks are caught in the middle. Here's what the Fed needs to do about it, says Aaron Klein.

  • Erste Bank swings back to profit Thursday, 5 Nov 2015 | 7:00 PM ET
    Erste Bank swings back to profit

    Why's this Austrian bank back in the black? Andreas Treichl, CEO of Erste Group, says it's because Central and Eastern Europe is growing better than most of the rest of the continent.

  • LONDON, Nov 6- Euro zone bond yields rose on Friday as strong U.S. jobs data increased expectations the Federal Reserve could hike rates in December, propping up the dollar against the euro and easing pressure on the ECB to provide more stimulus. The gap between two-year bond yields in Germany and the United States hit its widest levels in more than nine years,...

  • WASHINGTON, Nov 6- Solid growth in the number of U.S. jobs last month greatly boosts the case for a December interest rate hike by the Federal Reserve, where policymakers have begun to worry the economy might eventually overheat without higher borrowing costs. Employers outside of farming added 271,000 jobs in October and the jobless rate fell to 5.0 percent, a...

  • BRDO PRI KRANJU, Slovenia, Nov 6- Slovenia's banking sector is not sustainable in its current form and the number of lenders should be reduced, its central bank chief said on Friday, two years after problems at its banks almost required an international bailout. Bostjan Jazbec, who sits on the European Central Bank's Governing Council, also said easing monetary...

  • SINGAPORE, Nov 6- Bank of China and Singapore's government trade agency International Enterprise Singapore have signed a memorandum of understanding to develop Singapore's commodity finance and trading, the two said on Friday. Singapore is Asia's main oil trading hub and its exchange, Singapore Exchange, also deals in other commodities like iron ore and...

  • FRANKFURT, Nov 6- The European Central Bank has no reason to ease policy now and a deposit rate cut, touted at its last meeting as one option, could undermine its forward guidance and hinder its credibility, Governing Council member Ardo Hansson said. Recent economic data has been surprisingly strong, and in any case, the ECB still has months to decide whether to...

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