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  • SINGAPORE, Feb 11- Gold surged to its highest in 8-1/ 2 months on Thursday as investors bet that the Federal Reserve could find it hard to hike U.S. interest rates this year, while safe-haven demand amid a tumble in equities and the dollar also boosted the metal. Spot gold jumped to an intra-day high of $1,213 an ounce, its highest since May 22, before paring gains to...

  • Kyle Bass

    China's banks face a credit crisis with potential losses 400 percent larger than U.S. banks' losses during the subprime crisis, Kyle Bass said.

  • SINGAPORE, Feb 11- Gold climbed more than 1 percent to its highest in 8-1/ 2 months on Thursday after Federal Reserve Chair Janet Yellen stressed that U.S. interest rates would rise gradually. Spot gold jumped to $1,213 an ounce, its highest since May 22, before paring gains to trade up 0.9 percent at $1,208.27 by 0059 GMT. DATA AHEAD 1330 U.S. Weekly jobless claims 1500...

  • Bob Diamond, former CEO of Barclays.

    With European banks under pressure, recession isn't out of the question — but the current panic is overdone, one expert told CNBC.

  • Andrew Cuomo is urging federal regulators to reject KeyCorp's $4.1 billion deal to buy First Niagara Financial Group and create the 13th largest commercial bank in the United States. The New York Democrat says the proposed acquisition of Buffalo- based First Niagara by Cleveland- based KeyCorp would reduce retail banking competition in upstate New York,...

  • CBA: We want to serve all economic sectors Wednesday, 10 Feb 2016 | 12:53 AM ET
    David Craig PKG

    The Commonwealth Bank of Australia CFO David Craig identifies where the bank is seeing growth as well as softness.

  • Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...

  • Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...

  • NEW YORK, Feb 10- New York Governor Andrew Cuomo on Wednesday urged federal regulators to block KeyCorp's plan to acquire First Niagara Financial Group Inc, saying the merger would impede retail banking competition and cost thousands of jobs upstate. The request, unusual for a sitting governor, came 3-1/ 2 months after Cleveland- based KeyCorp announced plans to...

  • WASHINGTON, Feb 10- The Federal Reserve said on Wednesday the U.S. financial system is well-positioned to weather headwinds and the fall in stock prices may have put the nation's asset markets on a healthier path. In its semi-annual monetary policy report to Congress, the Fed said financial vulnerabilities in the United States have continued to moderate since...

  • The headquarters of Germany's Deutsche Bank in Frankfurt.

    Atlas Merchant Capital founder Bob Diamond explains why investors could be overreacting to the risks posed by European banks.

  • NEW YORK, Feb 10- The dollar fell to a 15- month low against the yen on Wednesday as investors packed into the safe-haven Japanese currency, backing away from earlier optimism that the Federal Reserve would continue to raise interest rates. Investors perceived dovishness on the part of Federal Reserve Chair Janet Yellen, who testified before the House...

  • SAN FRANCISCO, Feb 10- Interest payments that Federal Reserve Chair Janet Yellen calls "critical" to the U.S. central bank's conduct of monetary policy came under fire on Wednesday from lawmakers, raising questions about new potential political hurdles ahead for the Fed. In an unusual display of bipartisanship, Jeb Hensarling, the Republican who chairs the...

  • Subprime most attractive in lending: Pro

    Insight to the declines in bank stocks this week, and his recommendation in the subprime space, with Eric Wasserstrom, Guggenheim Partners managing director and senior financials analyst.

  • Yellen supports labor market benefitting African Americans

    Fed Chairman Janet Yellen addresses the Fed's stance on the unemployment rate among African Americans.

  • BUENOS AIRES, Feb 10- Argentine banks are gearing up for a potential lending boom that could push depressed private credit demand to a 16- year high, bolstered by the reforms undertaken by newly-elected President Mauricio Macri. An end to the 14- year standoff between Argentina and the lenders who refused to participate in the earlier debt restructuring could...

  • Monetary policy 'highly accommodative': Yellen

    Fed Chairman Janet Yellen explains the Fed's expectations for progress in the U.S. labor market and addresses racial disparities in unemployment.

  • Lending standards attempt to prevent predatory lending: Yellen

    Fed Chairman Janet Yellen discusses the difficulty that people without excellent credit are having in obtaining loans and mortgages.

  • Lack of big bank subsidies could hurt economy: Yellen

    Fed Chairman Janet Yellen explains why so much money is being devoted to "too big to fail" banks.

  • Structural factors restrain U.S. growth: Yellen

    Fed Chairman Janet Yellen addresses the concept of negative interest rates as "gimmicks" and the structural issues that are holding back economic growth.

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