Finance Banks


  • NEW YORK, May 17- A senior female fixed-income banker at Bank of America Corp filed a lawsuit accusing the bank of underpaying women, and retaliating against her for complaining about illegal or unethical business practices by her colleagues. Her lawsuit filed in Manhattan federal court joins many others accusing Wall Street of bias against female bankers,...

  • NYSE shadow looming

    Wall Street pay is trending lower this year as weak earnings, a tough business environment and regulatory restraints will result in cuts.

  • *Wall St weighs on global stocks gauge. NEW YORK, May 17- Stocks fell on Wall Street Tuesday after strong U.S. inflation data increased the probability of a rate hike from the Federal Reserve, while a global gauge of stocks cut its gains. A more confident Fed is a Fed that is more likely to hike again this summer or fall, "said Brian Jacobsen, chief portfolio strategist at...

  • Goldman changes its mind about this $10T opportunity

    Analysts at the bank say they are taking a bullish position on internet services in China.


  • MOSCOW, May 17- Russia's overnight interbank lending rates are seen staying slightly below the central bank's key rate in May, the central bank said in a report on Tuesday, pointing to healthy banking sector liquidity. Money and fixed income markets are pricing in a 25 basis point to 50 basis point cut in the key rate over the next three months, the central bank said.

  • Lending Club executives celebrate with company executives during the company’s IPO at the New York Stock Exchange, Dec. 11, 2014.

    Stop it. This is not the end of marketplace lending as we know it, says crowdfunding expert Dara Albright.

  • CHICAGO, May 17- Leading U.S. agricultural lenders, including some commercial banks and the Farm Credit System, could be impacted by the souring farm economy, in part because growth in their loan portfolios in recent years has been heavily rooted in farmland appreciation, a report released on Tuesday by Fitch Ratings said. But while such institutions could see...

  • BRASILIA, May 17- Brazil's interim government on Tuesday named the lead economist of the country's largest private bank to head the central bank, in a clear shift away from the interventionist policies that dragged down growth and kept inflation high. Ilan Goldfajn, chief economist of Itau Unibanco Holding SA, will replace Alexandre Tombini as Brazil's...

  • BERLIN, May 17- A new German court challenge of the European Central Bank is unlikely to alter monetary policy but may test an already edgy relationship between the euro zone's biggest economy and its central bank, experts said on Tuesday. The group's failure last year to stop an emergency bond buying scheme in the European Court of Justice also suggests that the...

  • LONDON, May 17- Long-awaited measures to break the market dominance of Britain's biggest banks, including a cap on fees for unauthorized overdrafts, were criticized on Tuesday by consumer groups as insufficient to boost competition. These include Secure Trust, Virgin Money, Aldermore, Shawbrook and Metro Bank. "This inquiry achieved little more than to propose...

  • MOSCOW, May 17- Russia's second-largest bank VTB is targeting a net interest margin of around 4 percent over 2017-2019, the bank said in a presentation to investors on Tuesday. VTB, like several other large Russian lenders, is under Western sanctions over Moscow's role in the Ukraine conflict that limit its access to international capital markets.

  • *Slovenia was intended recipient for funds, Interpol aware. HANOI, May 17- Cyber-criminals unsuccessfully tried to send 1.2 million euros from a Vietnamese bank to a Slovenian bank via the SWIFT network last December, but there have been no other cases of fraudulent transfers in Vietnam, a top central bank official said on Tuesday. Le Manh Hung, head of the State...

  • People still like to use bank branches: CTT CEO

    Despite branch networks being seen as not part of the 21st century banking sector, CTT chairman & CEO, Francisco de Lacerda believes there’s still value in the network.

  • Added shorts in Canadian equities: Plurimi

    Plurimi Investment Managers CIO, Patrick Armstrong explains why the firm is short the Canadian market, with comment on the nation’s banks in comparison to other countries.

  • SHANGHAI, May 17- The yuan pared early losses to remain steady against the dollar on Tuesday, with traders taking profits on a sliding dollar, and amid further signs capital outflows are easing. Capital outflows from China are easing, data from the State Administration of Foreign Exchange showed, with net foreign exchange sales by commercial banks getting...

  • HANOI, May 17- Vietnam's central bank said on Tuesday a failed hacking attempt on Tien Phong Bank using the SWIFT messaging system sought to fraudulently transfer 1.2 million euros to a Slovenian bank late last year in one transaction. The thwarted transfer on Dec. 8 was the only hack attempt via SWIFT detected by TPBank and no other Vietnamese lenders, or the...


  • WASHINGTON, May 16- Credit risk is growing in U.S. commercial real estate with some banks exposed to "froth" in the apartment market in New York, Boston, Washington D.C. and San Francisco, a top U.S. banking regulator said on Monday. The Office of the Comptroller of the Currency, which supervises large national banks, wants lenders to tighten up loan terms to property...

  • Janet Yellen, chair of the U.S. Federal Reserve.

    The Federal Reserve Transparency Act will undergo the markup process this week in the House Oversight and Government Reform Committee.

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