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  • President Donald Trump speaks before signing an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington February 3, 2017.

    Senate Minority Leader Chuck Schumer says Trump is letting big banks "write the rules of the road."

  • MILAN, Feb 3- Italy's top retail bank Intesa Sanpaolo is still examining a possible tie-up with insurer Generali and will take all the time it needs to make up its mind, it said on Friday. Chief executive Carlo Messina told analysts on a conference call the lender would not sacrifice its strong capital base nor a planned 3.4 billion euros dividend payout on its 2017...

  • *Moves may deter private-sector money, put pressure on Rome. *UniCredit separately sells bad loans at just 13 cents to euro. MILAN, Feb 3- UniCredit has heavily written down the value of its 700 million euro investment in Italy's bank rescue fund and other investors are likely to follow suit, sources told Reuters, complicating efforts to stabilise the nation's...

  • Gary Cohn, director of the U.S. National Economic Council.

    Top aide Gary Cohn tells CNBC that everything Trump is doing is to promote growth and job creation.

  • WASHINGTON, Feb 3- The Federal Reserve is putting a bigger focus on commercial real estate in its annual "stress test" of how well the largest U.S. banks would fare in another financial crisis. The scenarios outlined in the test came on the same day President Donald Trump is expected to issue an executive order to review banking law introduced in the wake of the 2008...

  • MILAN, Feb 3- Italy's top retail bank Intesa Sanpaolo lowered its guidance for dividends to be paid on 2017 results to 3.4 billion euros after posting a slightly smaller than expected profit in the fourth quarter of last year. The bank's chief executive, Carlo Messina, said as recently as November he was aiming to pay dividends of 4 billion euros on this year's...

  • Frankfurt expects up to 10,000 financial industry workers to relocate from Britain to Germany's banking capital post-Brexit; lobby group.

  • LONDON, Feb 3- The dollar headed for its fourth straight weekly loss as stocks rose after better-than-expected U.S. payrolls data masked underlying weakness in wage growth that may keep the Federal Reserve from raising interest rates next week. Earlier in the day, an unexpected tightening of policy by China's central bank put Asian markets, already on the back...

  • OLYMPIA FIELDS, Ill., Feb 3- The U.S. Federal Reserve should raise interest rates slowly even as fiscal policies under President Donald Trump are likely to help push economic growth beyond sustainable levels, Chicago Federal Reserve Bank President Charles Evans said on Friday. "Appropriate policy calls for a slow pace of normalization in order to give the real...

  • WASHINGTON, Feb 3- The Federal Reserve on Friday asked the largest U.S. banks to measure how they would fare in a global recession with a high jobless rate as the central bank outlined the terms for its' stress test' of the largest U.S. lenders. If banks do not prove that they can weather such a downturn, the Fed may freeze payouts to investors while the lenders boost...

  • LONDON, Feb 3- The Bank of England is feeling the heat again after its new, more upbeat picture for Britain's economy put an uncomfortable focus back on its warning last year about a quick and sharp Brexit vote hit to growth. Governor Mark Carney woke up on Friday to headlines in anti- European Union newspapers that accused him of leading the Bank into a U-turn.

  • MOSCOW, Feb 3- Russia's central bank kept its main lending rate unchanged on Friday and said it saw less room for rate cuts as inflation risks have risen with plans to buy dollars for the country's fiscal funds. "Given the internal and external developments, the Bank of Russia's capability to cut its key rate in the first half of 2017 has diminished," the bank said in a...

  • Sterling investors are underestimating the impact of the UK and EU failing to reach a trade agreement; strategist at BofA Merrill Lynch.

  • BUDAPEST/ ZAGREB, Feb 3- Croatia's kuna, buoyed by an improving economy, set its firmest level in over 4 years against the euro on Friday, while central European currencies were mixed. The region's assets got support in recent days from the Federal Reserve and the European Central Bank as neither of the banks signaled tighter than expected policies.

  • MOSCOW, Feb 3- Russia's central bank kept its key interest rate unchanged on Friday at 10 percent, as expected, and said the room for rate cuts had decreased. "Given the internal and external developments, the Bank of Russia's capability to cut its key rate in the first half of 2017 has diminished," the central bank said. The next rate-setting meeting is scheduled for...

  • Then-Sen. Chris Dodd (L) and then-Rep. Barney Frank at the signing of the Dodd-Frank act in 2010.

    President Trump on Friday will take two financial-related actions, including one concerning Dodd-Frank, according to a senior White House official.

  • Donald Trump

    CNBC's Eamon Javers reports President Donald Trump is preparing to sign an executive order that would begin the process of making changes to Dodd-Frank and stall implementation of the fiduciary rule.

  • However, an ultra-low interest rate environment continued to drag on the lending business for MUFG- Japan's largest lender by assets- as well as that of other major banks in the country, all of which have posted lower net profits for the first nine months of the year ending March 2017. The central bank has in fact recently cautioned that the prospects of hitting a 2...

  • Gildas Surry, senior analyst at Axiom Alternative Investments, talks about regulation in the banking sector for Europe, in light of Trump’s interest in rolling back the Dodd-Frank law.

  • BEIJING, Feb 3- China's central bank injected 638.68 billion yuan via short- and medium-term liquidity tools in January, down 26 percent from the previous month, data showed on Friday, signaling an effort to cool down rapid credit growth. The People's Bank of China said in a statement on its website that it lent 551 billion yuan to financial institutions via its...

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