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Finance Banks

  • The dollar rally sucked the air out of emerging markets, but funds will return next year, said HSBC's Herald Van Der Linde.

  • Deutsche Bank said on Thursday that it had reached a settlement relating to the bank's issuance and underwriting of residential mortgages.

  • The key issue in the BMPS rescue

    The government needs to secure funding in a way that will not harm individual Monte dei Paschi bond holders, says Shane Oliver at AMP Capital Investors.

  • ROME, Dec 23- The Italian government approved a decree on Friday to bail out Monte dei Paschi di Siena after the world's oldest bank failed to win investor backing for a desperately needed capital increase. Looking to end a protracted banking crisis that has gummed up the economy, Prime Minister Paolo Gentiloni said his Cabinet had authorized a 20 billion-euro...

  • BMPS: Removes a negative but still not a positive

    StanChart Private Bank's Steve Brice weighs in on the expected bail out in Italy and the challenging road ahead for global markets.

  • OSLO- Norges Bank Deputy Governor Egil Matsen addresses the 39th annual meeting of the Norwegian Association of Economists at Oslo Business School- 0830 GMT. CHICAGO- Federal Reserve Bank of Chicago President Charles Evans participates in panel, "Responders of First or Last Resort: Central Bank Strategies in an Era of Ultra-Low Interest Rates" hosted by the...

  • Parts of Dodd-Frank are choking economy: Expert

    Expect some rollback on Dodd-Frank regulations, says Kenneth Polcari at O'Neil Securities.

  • The headquarters of Banca Monte dei Paschi di Siena SpA, the oldest surviving bank in the world and Italy's third-largest bank.

    The Italian government approved a decree on Friday to bail out Monte dei Paschi di Siena.

  • Cramer: Why Wall Street doesn't care that the world's oldest bank is on the brink of collapse

    Jim Cramer explained why the big European banks don't impact U.S. stocks as much as they used to.

  • WASHINGTON, Dec 22- Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a top priority in his role as adviser to President-elect Donald Trump. Icahn refused to speculate on candidates he would recommend to lead the U.S. Securities and Exchanges...

  • MILAN, Dec 22- Monte dei Paschi di Siena said on Thursday its plan to raise on the market 5 billion euros in capital by the end of the year had failed, paving the way for a state bailout of Italy's third-largest bank. Parliament on Wednesday had allowed the Rome government to borrow up to an extra 20 billion euros to prop up failing banks, starting with the Tuscan lender...

  • MILAN, Dec 22- Monte dei Paschi di Siena said on Thursday its plan to raise 5 billion euros of fresh capital had failed, paving the way for Italy to approve a state bailout of the country's third-largest bank. Monte dei Paschi said a failure to find cornerstone investors and sell new shares meant that it also had scrapped a debt-to-equity conversion offer that had...

  • The headquarters of Monte Dei Paschi di Siena bank in Siena.

    More than eight years after the collapse of the global financial system, the Continent's banks are struggling and things may worsen.

  • WASHINGTON, Dec 22- Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a top priority in his role as adviser to President-elect Donald Trump. Icahn refused to speculate on candidates he would recommend to lead the U.S. Securities and Exchanges...

  • MILAN/ LONDON, Dec 22- European shares fell slightly in thin pre-holiday trade on Thursday, as mining and financial stocks weakened, while the likelihood of a state rescue sent Italian lender Monte dei Paschi to a fresh record low. Monte Paschi fell 7.5 percent at its lowest closing level since it listed in 1999. Italy's third-largest bank and the world's oldest...

  • MILAN, Dec 22- The board of Monte dei Paschi di Siena is expected to approve a request for state aid when it meets later on Thursday, after Italy's third-biggest bank raised less than half of the 5 billion euros it needs by the end of the year. Parliament on Wednesday authorised the Rome government to borrow up to an extra 20 billion euros to prop up failing banks,...

  • Tax reform and deregulation impact on the banks

    Jim McDonald, Northern Trust Asset Management chief investment strategist, and Marty Mosby, Vining Sparks director of bank & equity strategies, discuss performance in financials and what next year's political impact could be on the sector.

  • *Trump stance on Iran worries banks in region. DUBAI, Dec 22- Commerzbank has told customers in the Gulf it will no longer process their transactions in euros, four Gulf banking sources say, joining other big banks that cut such services after being fined for dealings with Iran. The Gulf, as a close neighbour of Iran and Syria which are subject to U.S. sanctions, has come...

  • The headquarters of Monte Dei Paschi di Siena bank in Siena.

    The original plan to fix Italian banks by using private investor cash could never work, according to one analyst.

  • JOHANNESBURG, Dec 22- The currencies of Uganda, Kenya and Zambia are seen trading sideways in the week to next Thursday as most investors closed positions ahead of the end of the year while Nigeria's naira is seen weaker as a dollar shortage persists, traders said. The Uganda shilling is set to trade weaker over the next few days as commercial banks exert demand to...

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