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Finance Banks

  • FRANKFURT, March 9- The European Central Bank pledged on Thursday to keep its aggressive stimulus policy at least until the end of the year, maintaining its support for the economy as anti-euro sentiment rises before elections in France and the Netherlands. While expected, the decision showed the ECB's leadership was resisting calls from Germany to start...

  • Donald Trump

    President Donald Trump will meet with Main Street community bankers to learn more about their difficulties in complying with the tougher regulations.

  • enate Banking, Housing and Urban Affairs Committee Chairman Sen. Tim Johnson (D-SD) (L) with ranking member Sen. Mike Crapo (R-ID).

    A U.S. Senate panel on Thursday is poised to approve with bipartisan support a raft of bills aimed at spurring capital formation.

  • BEIJING, March 9- China's new loans fell sharply in February from near-record levels the previous month but were still higher than expected, highlighting the difficulties the government faces as it struggles to put rising debt under control. Under its new "prudent and neutral" policy, the People's Bank of China has adopted a modest tightening bias in a bid to cool...

  • The Senate Banking Committee, led by Chairman Mike Crapo, is slated to send to the Senate floor five bills, with some Democrats expected to join with their Republican colleagues to vote for and co-sponsor several of the measures. The bills would make a variety of changes to the Securities and Exchange Commission's regulations, such as raise the dollar amount of...

  • *Policy seen firmly on hold. FRANKFURT, March 9- The European Central Bank is set to keep monetary policy firmly on hold on Thursday as it casts a nervous eye towards high-risk elections in France and the Netherlands during an upsurge in populist sentiment that threatens to derail the recovery. "The fast improvement in economic data and an energy-driven jump in...

  • BERLIN, March 9- German Finance Minister Wolfgang Schaeuble said on Thursday he was in favour of a "timely start to the exit" from the European Central Bank's loose monetary policy, as the central bank gathered for a policy meeting. Speaking at an event of regional banks in Berlin, Schaeuble called for more international tough rules for big banks, adding that the U.S....

  • BEIJING, March 9- China's total social financing, a broad measure of credit and liquidity in the economy, dropped to 1.15 trillion yuan in February from a record 3.74 trillion yuan in January, data from the central bank showed on Thursday. It can also hint at trends in China's vast shadow banking sector. China's outstanding total social financing was 160.73...

  • *France' s Macron takes 1st round lead in poll for 1st time. ING strategists said the central bank in Frankfurt would look to soothe nerves ahead of potentially fractious elections in the Netherlands and France, though recent polls have shown momentum for far-right parties abating. "The ECB will wait to see the political risks out of the way and convincing signs...

  • BERLIN, March 9- The European Central Bank should on Thursday prepare the ground for an exit from its ultra-loose monetary policy, a German banking association said as the central bank gathered for a policy meeting. "Such a step must be prepared very, very well" and policymakers should communicate it carefully, BdB head Michael Kemmer told Deutschlandfunk radio...

  • Money20/20 will be coming to Asia in 2018

    Philip Thomas, CEO of Ascential Events, says four to five thousand people are expected to attend the Asian edition of the fintech-focused event next year.

  • HONG KONG/ LONDON, March 8- Brussels based inter-bank messaging system SWIFT said it had cut off North Korean banks under U.N. sanctions, after Belgium said it would no longer give authorization for such transactions. However, the Belgian move also follows a United Nations report last month which said any company trading with a designated North Korean bank would...

  • SAO PAULO, March 8- Brazil's largest banks are increasingly demanding that companies put themselves up for sale as a condition to cut loan principal amounts, providing a jolt to an otherwise weak M&A climate in Latin America's largest economy. Over the same five-month period, eight of the 16 deals in which Banco Bradesco SA, Brazil's top M&A lender, has acted as...

  • SAO PAULO, March 8- Brazil's central bank denied on Thursday a report that the government could raise taxes on foreign exchange transactions to help deliver this year's fiscal target. Brazil's currency, the real, weakened as much as 1.9 percent to a session low of 3.1806 per U.S. dollar after the report. Finance Minister Henrique Meirelles said on Tuesday that...

  • *Wall Street mostly gains, but Dow off slightly. NEW YORK, March 8- The dollar gained and stocks on Wall Street mostly rose on Wednesday after U.S. private sector hiring surged in February, underscoring the economy's strength and adding to expectations the Federal Reserve will raise interest rates next week. The report raised expectations of a robust U.S. Labor...

  • March 8- David Nason, a General Electric executive and former Treasury Department official, has told the White House he is no longer interested in serving as the Federal Reserve's bank supervision chief. Nason informed the White House that he no longer wished to be considered for the position of Vice Chairman at the Federal Reserve. "This could be seen as a victory...

  • *Wall Street mostly gains, but Dow off slightly. NEW YORK, March 8- The dollar gained and stocks on Wall Street mostly rose on Wednesday after U.S. private sector hiring surged in February, underscoring the economy's strength and adding to expectations the Federal Reserve will raise interest rates next week. The report raised expectations of a robust payrolls...

  • Former Rep. Barney Frank (D-Mass.) (L) and former Sen. Chris Dodd (D-Conn.) talk about their hallmark and namesake legislation, the Dodd-Frank Wall Street reform law, on the fifth anniversary of the law at the Newseum July 20, 2015, in Washington.

    Wall Street would benefit if Dodd-Frank, the piece of legislation born out of the 2008 financial crisis, were to remain in place; Barclays CEO.

  • CAIRO, March 8- Egypt's current account deficit narrowed significantly to $4.67 billion in the second quarter of the 2016/ 17 fiscal year while the overall balance of payments surged to a $5.13 billion surplus, propelled by a decision to float the currency. Egypt's central bank abandoned its currency peg of 8.8 pounds to the U.S. dollar on Nov. 3, hoping to unlock...

  • LAGOS, March 8- The Nigerian affiliate of Abu Dhabi- listed telecoms company Etisalat is in talks with local banks to renegotiate the terms of a $1.2 billion loan it took out four years ago after missing a payment, a senior executive told Reuters. Ibrahim Dikko, vice president for regulatory affairs at Etisalat Nigeria, said Etisalat missed payments due to an...

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