Two UK mortgage lenders are hiking the upper-age limit for home loan approvals to 80, sparking fears of risky lending standards. » Read More
CHICAGO, Feb 11- Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, and farm incomes are forecast to fall for a third year as grain and livestock prices remain stubbornly low, according to a quarterly farm economy report from the Federal Reserve Banks of St. Louis and Kansas City. The Federal Reserve Bank of St. Louis's region covers...
Fed Chairman Janet Yellen discusses measures to improve financial firms' transparency and accountability.
Fed Chairman Janet Yellen discusses the strength of the U.S. banking system and its ability to support credit needs.
CNBC's Senior Markets Commentator Mike Santoli explains why he thinks the S&P 500 hasn't completely registered economic concerns overseas.
Fed Chairman Janet Yellen says oil prices and the strength of the dollar has helped hold down inflation.
LONDON, Feb 11- Fears that the negative interest rates employed by a growing band of central banks could be doing irreparable damage to the financial sector are spurring a search for even more radical alternatives. The Bank of Japan has just become the latest central bank to join the sub-zero club, Sweden took its rates even deeper into negative territory on...
WASHINGTON, Feb 11- The International Monetary Fund is concerned about recent sharp share price declines for European banks, as a robust banking sector is needed to sustain economic recovery, IMF spokesman Gerry Rice said on Thursday. "To the extent that the recent sell-off reflects deteriorating prospects for European banks, the decline is indeed a concern,"...
Battered banks are sending Europe’s markets into meltdown. However despite the turmoil, analysts believe there are some pockets of value.
It's another rough trading day for financial and energy stocks with the SPDR Regional Bank ETF hovering near a two-year low.
CNBC takes a look at Europe's largest banks in the region by market capitalization and considers what, if anything, you need to worry about.
WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen returned to Capitol Hill on Thursday amid an ongoing meltdown in global equity markets and growing skepticism that the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. Yellen repeated to the Senate Banking Committee the testimony she delivered on Wednesday to a House of...
CNBC's Bob Pisani looks ahead at the markets including how European banks and U.S. regional banks are pulling on markets, materials companies looking at dividend cuts, and the increase in buybacks by major companies.
CNBC's Jim Cramer says the worry of deflation "forces Yellen's hand," in discussing economic and market conditions, and the slump in U.S. banks.
Hedge fund manager Kyle Bass warns Chinese banks could lose more than what US banks lost during the subprime mortgage crisis.
Germany's biggest lender plans to write down the value of its retail unit as part of a strategic overhaul.
Banco Popolare and Banca Popolare di Milano are ready to announce a merger to create Italy's No. 3 bank if regulators give the green light.
LONDON, Feb 11- HSBC, Europe's largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver seen by Reuters, reversing a cost-cutting decision made less than two weeks ago. The memo, in which Gulliver expresses caution on the outlook for HSBC's revenues this year, comes at a significant time, days before HSBC's board...
LONDON, Feb 11- Gold climbed to its highest in almost nine months on Thursday as the dollar, U.S. The Fed is unlikely to reverse its plan to increase rates further this year, but tighter credit markets, volatile financial markets and uncertainty over Chinese economic growth will only allow gradual adjustments to monetary policy, Federal Reserve Chair Janet...
Dominic Elliott, Reuters Breakingviews, weighs in on the slide in global banks as investors become concerned over central banks' ability to control the economy and interest rates sit at historical lows.
LONDON, Feb 11- HSBC, Europe's largest bank, has dropped plans to freeze pay this year while remaining cautious on the outlook for its revenues, a memo from Chief Executive Stuart Gulliver seen by Reuters said on Thursday. The memo comes days before HSBC's board is set to meet to discuss whether the bank will move its headquarters to Hong Kong or stay in London.
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