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Finance Banks

  • *New loans 2nd highest on record at 2.03 trillion yuan. BEIJING, Feb 14- Chinese banks kept up a strong pace of lending at the start of the year, even with signs of tightening by the central bank, highlighting the challenge Beijing faces as it tries to deflate asset bubbles without risking a blow to economic activity. "This is not across the board or broad tightening...

  • BEIJING, Feb 14- China's total social financing, a broad measure of credit and liquidity in the economy, surged to 3.74 trillion yuan in January from 1.63 trillion yuan in December 2016, data from the central bank showed on Tuesday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public...

  • We are cautiously optimistic: Credit Suisse CEO

    Credit Suisse CEO Tidjane Thiam discusses his bank's latest earnings data with CNBC, adding that he was "cautiously optimistic."

  • Spain's national court on Monday ordered a criminal inquiry into whether a former governor of the country's central bank and seven other regulatory officials knowingly ignored financial problems at Bankia.

  • Goldman Sachs

    Technology whizzes who helped Goldman Sachs eliminate hundreds of trading jobs over the past few years are venturing into the bank's flagship M&A business, making some junior bankers uneasy.

  • Credit Suisse CEO Tidjane Thiam gives his thoughts on the bank’s latest set of earnings with comment on specific markets.

  • WASHINGTON, Feb 14- Federal Reserve Chair Janet Yellen goes to Congress on Tuesday for the first time since Republicans took control of the White House and both houses of the legislature with less clarity on the direction of U.S. economic policy than at any time of her three-year tenure. Yellen is due to give semi-annual testimony before the Senate Banking...

  • European banks offer best value: JPMorgan

    Michael Barakos of J.P. Morgan Asset Management explains why he favors European bank stocks.

  • SHANGHAI, Feb 14- China's yuan weakened against the dollar on Tuesday as the greenback hovered near a four-week high against a basket of currencies, while interbank money rates edged up after the central bank drained funds for a second day. The People's Bank of China set the midpoint rate at 6.8806 per dollar prior to market open, firmer than the previous fix of...

  • A man walks past Oversea-Chinese Banking Corp. (OCBC) signage displayed outside of the company's branch in the central business district of Singapore, on Friday, Feb. 10, 2017.

    OCBC, Singapore's second largest listed bank, said net interest income fell 7 percent in the fourth quarter of 2016.

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • NEW YORK, Feb 13- Dallas Federal Reserve Bank President Robert Kaplan on Monday said the U.S. central bank should act soon to raise rates, or risk having to abandon its plan to do so slowly. "I believe that we should be taking steps to remove additional amounts of monetary accommodation," Kaplan said in remarks prepared for posting to the Dallas Fed website.

  • NEW YORK, Feb 13- Dallas Federal Reserve Bank President Robert Kaplan on Monday said the U.S. central bank should act soon to raise rates, or risk having to abandon its plan to do so slowly. "I believe that we should be taking steps to remove additional amounts of monetary accommodation," Kaplan said in remarks prepared for posting to the Dallas Fed website.

  • Feb 13- That the Trump agenda is good for banks is self-evident; that shareholders will get their cut is a lot less likely. Friday's news of the resignation of Daniel Tarullo, the Federal Reserve official who served as quarterback of the effort to tame systemic risk in the banking system, touched off another leg in a sustained and powerful rally of U.S. bank shares,...

  • Wall Street NYSE

    CLSA's Mike Mayo sees the bank rally continuing, and his bullishness isn't dependent on the "Trump bump."

  • FRANKFURT, Feb 13- A pan-European "bad bank" is urgently needed, the head of Europe's banking regulator said on Monday, after Germany last month dismissed his proposal to tackle soured loans. The ratio of non-performing loans to total loans in European banks is 5.4 percent, about three times higher than other major regions, European Banking Authority Chairman...

  • FRANKFURT, Feb 13- A pan-European "bad bank" is urgently needed, the head of Europe's banking regulator said on Monday, after Germany last month dismissed his proposal to tackle soured loans. The ratio of non-performing loans to total loans in European banks is 5.4 percent, about three times higher than other major regions, European Banking Authority Chairman...

  • Federal Reserve Board chair Janet Yellen testifies before a Congressional Joint Economic hearing on Capitol Hill in Washington, DC, U.S. November 17, 2016.

    The Fed chair's testimony before Congress this week comes as the banking industry is about to undergo a dramatic makeover.

  • LONDON, Feb 13- Lloyds Banking Group is close to selecting Berlin as a European base to secure market access to the European Union when Britain leaves the bloc, sources told Reuters. Lloyds, which declined to comment, is the only major British retail lender without a subsidiary in another EU country and it would be the first major lender to commit to Berlin as a hub to...

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