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Finance Banks

  • ULAANBAATAR, Mongolia— The Mongolian government and envoys from the International Monetary Fund said Sunday that they and other partners have agreed on terms for a more than $5 billion loan package to the north Asian country to help get its economy back on track. The Asian Development Bank, World Bank, Japan and South Korea are together expected to provide up to...

  • Exit mass exit

    The trickle toward indexes has turned into a flood, with more than half a trillion dollars heading into passive funds over the past year.

  • Feb 17- Citigroup Inc's board of directors cut Chief Executive Officer Michael Corbat's compensation by 6 percent last year after the bank missed financial targets and one-third of its voting shareholders disapproved of his prior pay package. Corbat received $15.5 million in total compensation, including a base salary of $1.5 million, a $4.2 million cash...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • George Soros, billionaire and founder of Soros Fund Management LLC,

    The billionaire's short positions came in the form of puts, or options to sell, on two exchange-traded funds that track market indexes.

  • NEW YORK— Customers are still turning their backs on Wells Fargo after a scandal over sales practices, with the bank saying Friday the number of new checking accounts people opened was down 31 percent in January from a year earlier. Wells Fargo has been releasing monthly reports on these figures since the outcry over its sales practices as a sort of "report card" on...

  • "After factoring in day count differences and typical seasonality, trends were relatively stable in January and within our expectations," Mary Mack, who took over leadership of Wells Fargo's branch banking unit last year, said in a press release. Wells Fargo has been reporting monthly on customer activity in its branch banking unit ever since the bank was rocked...

  • Stewart: CEOs were telling me, 'we just don't want to be on the radar'

    Jim Stewart, New York Times, weighs in on how President Donald Trump is making corporate outreach a centerpiece of his administration.

  • Pisani: Two particular groups having problems, banks and energy stocks

    CNBC's Bob Pisani looks ahead at what's moving markets this morning.

  • BEIJING, Feb 17- China's central bank said on Friday it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of asset bubbles in the rapidly growing economy. China has relied on rapidly increasing credit to fuel economic growth in recent years, but policymakers...

  • BEIJING, Feb 17- China's central bank said on Friday that it will keep the yuan currency basically stable while maintaining a prudent and neutral monetary policy.

  • *HNA holds 3.04 pct in Deutsche Bank. FRANKFURT, Feb 17- China's HNA Group has taken a stake of just over 3 percent in Deutsche Bank and said on Friday it could buy further shares in the German lender. HNA's stake of 3.04 percent, worth around 750 million euros at current share prices, makes it the bank's biggest shareholder after Qatar, which has close to 10 percent of...

  • MILAN, Feb 17- Italy's biggest insurer, Assicurazioni Generali, is not prejudiced against a possible industrial cooperation with the country's biggest retail bank, Intesa Sanpaolo, Generali chairman Gabriele Galateri said on Friday.

  • BEIJING, Feb 17- China's central bank sold the least amount of foreign exchange in five months in January, reinforcing views that capital outflows have eased as policymakers step up scrutiny of cross-border flows and as the yuan steadies. Net foreign exchange sales by the People's Bank of China amounted to 208.8 billion yuan last month, according to Reuters...

  • UK beer tie

    Workers in the City have long enjoyed the tradition of a “cheeky” lunchtime pint or after-work drinks in a nearby pub. But is it coming to an end now?

  • *Additional FX data reinforce views China capital outflows slowed. BEIJING, Feb 17- China's central bank sold the least amount of foreign exchange in five months in January, reinforcing views that capital outflows have eased as policymakers step up scrutiny of cross-border flows and as the yuan steadies. Government efforts to prop up the yuan currency pushed...

  • MUMBAI, Feb 17- Denny Jose, a small-town caterer in the southern Indian state of Kerala, was closely watching the Indian central bank meeting last week. Newspapers and markets were forecasting the Reserve Bank of India would cut its key rate by a quarter of a percentage point. But the RBI held rates and moved to a "neutral" policy stance, signaling an end to India's...

  • TOKYO, Feb 17- Japan's Nikkei share average fell on Friday with the market wary of a stronger yen and financials weakened as U.S. bond yields fell after comments by a senior U.S. Federal Reserve official were viewed as relatively dovish. The Nikkei ended down 0.6 percent at 19,234.62 points.

  • Singapore

    Troubles in the oil and gas sector may be over for Singapore banks, but economic uncertainties expected to persist through 2017 may hinder growth.

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