Finance Banks


  • 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.

  • Wall Street money CEOs

    Keeping big banks from being broken up turns out to be great for their CEOs, according to one analyst report.

  • Hezbollah International Financing Prevention Act passed in December threatens sanctions against anyone who finances Hezbollah in a significant way. It has ignited an unprecedented dispute between Lebanon's most powerful group- the heavily armed Hezbollah- and a central bank widely seen as a pillar of the otherwise weak and dysfunctional Lebanese state.

  • Crude oil touches highest level in six months

    CNBC's Mary Thompson looks ahead at the day's market action including energy stocks and surging oil prices.

  • LONDON, May 16- London has no "God given" right to remain a global banking centre if Britain were to leave the European Union, Bank of England Deputy Governor Andrew Bailey said on Monday. Some 250 foreign banks employing thousands of people are based in London, making it one of the world's major financial centres and a rival to New York. Bailey told the Reuters...

  • May 16- UBS Group AG's Americas wealth unit is partnering with online financial advisor SigFig Wealth Management to develop technology and investment tools for the Swiss bank, UBS said on Monday. The Americas wealth unit, which has around 7,000 financial advisors, had net inflows of $13.6 billion during the first quarter. UBS started exploring ways it could...

  • Fans at a baseball game

    A key component of the JOBS Act comes into effect. It could generate a surge of tech deals.

  • *Expects net Y850 bln this FY; fell 8 pct to Y951 bln last FY. TOKYO, May 16- Mitsubishi UFJ Financial Group Inc said on Monday it expects its lowest profit in six years in the current business year, hurt by an aggressive central bank policy aimed at driving down borrowing costs. Japan's biggest lender by assets said the central bank's February adoption of a negative...

  • *Jobs transferred from UK to cut costs. LONDON, May 16- HSBC, Europe's largest bank, started laying off 840 information technology workers in Britain on Monday, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year. "As part of a global relocation exercise, around 840 non-customer-facing IT...

  • *Canada opting against public stress testing of banks. TORONTO, May 16- Canada's financial regulator is pushing back against some of the more onerous demands placed on banks since the 2007-09 financial crisis, rejecting public health checks on lenders and allowing them to operate with lower capital buffers than overseas rivals. That is despite concerns over a...

  • John Williams, president of the Federal Reserve Bank of San Francisco.

    The U.S. economic outlook is "definitely looking good," San Francisco Federal Reserve Bank President John Williams said on Friday.

  • BEIJING, May 16- China's central bank said it injected 290 billion yuan into 21 financial institutions via its medium-term lending facility on Monday.

  • LONDON, May 16- HSBC, Europe's largest bank, were to begin laying off 850 information technology workers in Britain on Monday, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year. The employees are based in London, Sheffield, Leeds and Birmingham and all the jobs will disappear by the end of...

  • SHANGHAI/ BEIJING, May 16- China's central bank is investigating the accuracy of non-performing loans data at banks, people with direct knowledge of the matter told Reuters on Monday, underlining policymakers' concerns about rising debt in the country. The People's Bank of China is looking into whether banks' asset quality is appropriately categorised and if...

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