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  • Banks have had to hoard capital but now it looks like they're about to come out of the penalty box, Mendon Capital's Anton Schutz says.

  • Trading Nation: Money in the banks

    Matt Maley, Miller Tabak, and Dennis Davitt, Harvest Volatility Management, discuss bank stocks hitting highs not seen since the financial crisis, with Brian Sullivan.

  • A man walks by One Chase Plaza in lower Manhattan

    Bank stocks were on a tear Thursday.

  • RICHMOND, Va., Nov 10- The Federal Reserve could raise interest rates more quickly if Washington used lower taxes or higher spending to boost economic growth, Richmond Fed President Jeffrey Lacker said on Thursday. Lacker made the comment when asked how the U.S. central bank would react if the incoming Trump administration and Congress loosened fiscal purse...

  • President-elect Donald Trump and Fed Chair Janet Yellen may emerge as unlikely allies as the incoming administration moves towards policies Federal Reserve officials have long advocated and the Fed contemplates a "high-pressure" economy to try to boost jobs and wages, at least in the short term. The prospect of a unified government, new infrastructure...

  • SANTIAGO, Nov 10- Banco Santander-Chile issued $185 million in five-year bonds on the Taiwanese debt market, the company said on Thursday, continuing its recent trend of looking to international markets to raise debt. In recent years, Banco Santander-Chile, Chile's largest bank, has also turned to Australia, Switzerland, and mainland China to raise debt, as well...

  • Mayo: Bank stocks are teed up for outperformance

    Mike Mayo, CSLA bank analyst, explains his bullish take on bank stocks.

  • ST. LOUIS, Nov 10- The Republican sweep of the White House and Congress could break the current gridlock over national policy in a potential boon to the U.S. economy, St. Louis Federal Reserve bank president James Bullard said on Thursday. Trump had been critical of the Fed during the campaign, and his victory coupled with Republican control of Congress could open...

  • Indra Nooyi, speaking with Andrew Ross Sorkin at the Dealbook conference, November 10, 2016 in New York.

    The DealBook Conference in New York City is hosted by CNBC anchor and New York Times columnist Andrew Ross Sorkin and the editors of the Times.

  • LONDON, Nov 10- Investors are starting to price in a slim chance that the European Central Bank will raise interest rates next year for the first time since 2011, with bets reinforced by sharply rising inflation expectations on Thursday. ECB head Mario Draghi signalled that would be the end of the road and most economists expect the central bank to keep rates at...

  • LONDON, Nov 10- Banks in the European Union are not fully prepared for a sweeping change in accounting rules from 2018 which will force them to increase by nearly a third the amount of money they set aside for bad loans, Europe's banking watchdog said. The new rules require banks to put aside some money for loan defaults upfront when a loan is first approved.

  • MILAN, Nov 10- An Italian regulator is investigating the sale of diamonds through bank branches across the country after a TV report alleged the stones were missold to the public. Several Italian banks distribute diamonds for diamond brokers, an unusual partnership that generated around 300 million euros in sales for the brokers last year.

  • Roger Goodell

    The commissioner spoke at the DealBook Conference in New York City, which is hosted by CNBC anchor and New York Times columnist Andrew Ross Sorkin.

  • CAIRO, Nov 10- Egypt's central bank said on Thursday it had reached a $2 billion financing agreement with a consortium of international banks, in a deal aimed at boosting foreign reserves as the government pushes ahead with economic reforms. Egypt has been negotiating billions of dollars in aid from various lenders to help revive its economy, battered by...

  • ST. LOUIS, Nov 10- The U.S. economy will remain in a low interest rate "regime" for perhaps two to three more years, St. Louis Federal Reserve President James Bullard said on Thursday, repeating his call that a single interest rate increase would be adequate for the foreseeable future. Bullard did not mention the U.S. election results or any possible effect on...

  • Foreign banks in London say they will shift some operations to the euro zone if that is the only way they can serve customers on the continent after Britain leaves the European Union. Reuters reported on Wednesday that Goldman Sachs is considering relocating some operations from London to Frankfurt to qualify for supervision by the ECB and thus ensure it can...

  • BRUSSELS, Nov 10- European Union lawmakers approved a legal text on Thursday urging global banking regulators not to significantly raise capital requirements for lenders, the EU's latest move to influence a review of rules seen as too favourable to U.S. banks. The text was approved by the European Parliament's economic committee just a few weeks before a...

  • Nov 10- India withdrew the legal tender status of existing 500 rupee and 1,000 rupee bank notes this week in a shock move targeted at cracking down on fake currency and wealth hidden from the tax authorities. **The old bank notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India, any bank branches or any head post office or sub-post office...

  • Nov 10- India withdrew the legal tender status of existing 500 rupee and 1,000 rupee bank notes this week in a shock move targeted at cracking down on fake currency and wealth hidden from the tax authorities. **The old bank notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India, any bank branches or any head post office or sub-post office...

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