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Finance Banks

  • The FDIC reported that U.S. banks earned $43.7 billion in the fourth quarter, up from $40.8 billion a year earlier. FDIC Chairman Martin Gruenberg said some banks have been getting around low interest rates that crimp their profits by making more risky loans with higher rates and extending the terms of loans. FDIC examiners will continue to keep a close eye on the...

  • The FDIC noted the share of unprofitable banks in 2016, 4.2 percent, was the lowest since 1995.. The FDIC shields bank customers if a lender fails, and the agency chief said he saw bright spots for the industry, even as he urged caution. "Loan balances grew, asset quality improved and the number of unprofitable banks and' problem banks' continued to fall," FDIC Chairman...

  • *Earnings of C $2.28 before items vs forecast C $1.88. TORONTO, Feb 28- Bank of Montreal, Canada's fourth-biggest lender, on Tuesday reported much higher-than-expected quarterly earnings and announced plans to buy back 15 million of its shares. Net income rose to C $1.49 billion, or C $2.22 per share, from C $1.07 billion, or C $1.58 per share, a year earlier.

  • JPMorgan Chase and Co. chairman and CEO Jamie Dimon

    JPMorgan Chase said it expected 2017 expenses to rise about 3.4 percent as the lender spends more on technology and signing up new credit card accounts.

  • Robert Kaplan, president of the U.S. Federal Reserve Bank of Dallas, speaks during the American Economic Association (AEA) annual conference in Chicago, Illinois, Jan. 6, 2017.

    In a CNBC interview, Kaplan said the Fed should move "sooner rather than later."

  • TORONTO, Feb 28- Bank of Montreal, Canada's fourth-biggest lender, on Tuesday reported much higher-than-expected quarterly earnings and announced plans to buy back 15 million of its shares. Net income for the first quarter ended on Jan. 31 rose to C $1.49 billion, or C $2.22 per share, from C $1.07 billion, or C $1.58 per share, a year earlier. BMO said net income from its...

  • Electronic signage at the headquarters of Morgan Stanley in New York.

    Morgan Stanley gave some clients incorrect tax information that caused some to underpay and others to overpay, according to a regulatory filing.

  • Biggest impediment to banks adopting tech is cultural: Former Barclays CEO

    Former Barclays CEO Antony Jenkins discusses bank's adoption of fintech and argues that the "more innovative places are where there is no banking system."

  • Demonetization impact not as severe as thought: Expert

    Praveen Jagwani, CEO of UTI International, says the demonetization drive was well intentioned but execution was flawed.

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • Loans between euro zone banks in different countries fell by 6 percent in the year to January, according to European Central Bank data released on Monday, having hit their lowest since 2004 in December. Mondays data suggests not just that banks have their doubts about the health and stability of banking systems in places like Italy and Greece, but that they...

  • TORONTO, Feb 27- Manulife Financial Corp said on Monday its banking subsidiary was fined by Canada's financial intelligence agency last year for what Manulife described as administrative lapses in reporting financial transactions. The Financial Transactions and Reports Analysis Centre of Canada last April fined an unnamed Canadian bank C $1.1 million,...

  • NORMAN, Okla., Feb 27- The U.S. Federal Reserve might need to raise interest rates in the near future to avoid falling behind the curve on inflation, Dallas Fed President Robert Kaplan said on Monday. "Sooner rather than later means in the near future," Kaplan told journalists after speaking at an event with university students in Norman, Oklahoma.

  • NORMAN, Okla., Feb 27- The U.S. Federal Reserve might need to raise interest rates in the near future to avoid falling behind the curve on inflation, Dallas Fed President Robert Kaplan said on Monday. "Sooner rather than later means in the near future," Kaplan told journalists after speaking at an event with university students in Norman, Oklahoma.

  • *HSBC takes FX chief David Bloom, other strategists off air. *Moves come after Le Pen gains in France weaken euro. Currency strategists at HSBC's global research division would not be making unsupervised public appearances due to concerns about commenting on political events which have been seen to drive prices, a source at Europe's biggest bank said.

  • Warren Buffett

    The Oracle of Omaha trumpeted stocks and bashed bonds in his CNBC interview. He also detailed three ways he plans to judge President Trump.

  • Warren Buffett

    It's time to challenge the infallibility of this retirement investment strategy, says American Funds' Tim Armour.

  • JERUSALEM, Feb 27- Israel's central bank kept its benchmark interest rate unchanged at 0.1 percent for a 24th straight month on Monday, effectively dismissing a huge boost in economic growth as an anomaly. "Net of this increase, it may be assessed that the growth rate was slightly above 3 percent... only slightly higher than the basic growth rate of previous years," the...

  • Traders work at the Goldman Sachs booth on the floor of the New York Stock Exchange.

    As the number of unsecured loans rises, Goldman Sachs is touting Marcus, its own consumer-lending platform.

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