Finance Banks

More

  • LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that...

  • LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that...

  • Speakers: Reserve Bank of India Governor Raghuram Rajan, Swiss National Bank Chairman Thomas Jordan, Monetary Authority of Singapore Managing Director Ravi Menon, Bank Indonesia Deputy Governor Perry Warjiyo, IMF Deputy Managing Director Mitsuhiro Furusawa, Bank of Philippines Governor Amando Tetangco and Federal Reserve Bank of New York President...

  • SUNDAY, JULY 31 BALI, Indonesia- Bank Indonesia and the Federal Reserve Bank of New York hold a two-day international seminar. Speakers: Reserve Bank of India Governor Raghuram Rajan, Swiss National Bank Chairman Thomas Jordan, Monetary Authority of Singapore Managing Director Ravi Menon, Bank Indonesia Deputy Governor Perry Warjiyo, IMF Deputy Managing...

  • FRANKFURT, July 30- Deutsche Bank showed a weaker reading in the European Union's banking stress test than most of its peers, indicating that the lender still has far to go in a revamp it launched last year. In a theoretical economic and financial shock, the capital level of Germany's flagship lender would drop to 7.8 percent from 10.8 percent at the end of last year,...

  • LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that...

  • Plan has approval from European Central Bank- sources. MILAN/ SIENA, July 29- Italian lender Monte dei Paschi di Siena unveiled a plan on Friday to prevent its centuries-old business from being wound up by regulators, a privately funded overhaul that Rome hopes will help stabilise the country's entire banking sector. Monte dei Paschi said it had secured...

  • LISBON, July 29- Portugal's largest listed bank, Millennium bcp, said on Friday it obtained "clearly positive" results in the latest stress test by the European Central Bank, even as it posted a first-half loss after impairments for bad loans to clean up its books. BCP said it had a net loss of 197 million euros in the first half, after a year-ago profit, due mainly to the...

  • LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. Italy's Monte dei Paschi, Austria's Raiffeisen, Spain's Banco Popular and two of Ireland's main banks came out with the...

  • LONDON, July 29- Monte dei Paschi, Raiffeisen, Banco Popular and two of Ireland's main banks came out worst in a European Union stress test aimed at cleaning up balance sheets to boost the flow of credit to the bloc's economy. The European Banking Authority which coordinated the test of 51 lenders from across the bloc said the results showed there was still more...

  • ALBUQUERQUE, N.M., July 29- The Federal Reserve should not overreact to Friday's weaker-than-expected U.S. "You can't overreact to any one data point... this number will get revised," Dallas Fed President Robert Kaplan told reporters in Albuquerque, New Mexico after speaking to a community bankers association. Earlier on Friday, the Commerce Department reported...

  • MILAN, July 29- Italian bank Monte dei Paschi di Siena has secured underwriters to back a turnaround plan involving the sale of 9.2 billion euros in bad loans and a 5 billion euros capital increase, the lender said in a statement on Friday.

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan on Friday played down the weaker-than-expected gross domestic product growth reported for the second quarter. "You can't overreact to any one data point... this number will get revised," Kaplan told reporters in New Mexico after speaking to a community bankers association.

  • *European Central Bank approves bailout plan- sources. MILAN/ SIENA, July 29- The European Central Bank has approved a privately funded rescue of Italy's third-largest lender, Monte dei Paschi di Siena, three sources said on Friday, staving off the risk that regulators would be forced to wind up its business. Under the bailout plan to be unveiled later in the day,...

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan said on Friday that the U.S. economy is making slow progress toward meeting the central bank's objectives. "I'd say we are making slow but... sluggish progress to meeting our objectives," Kaplan told a community bankers association in New Mexico. The Fed has a dual mandate of full...

  • LAGOS, July 29- Nigeria's central bank has injected more than 100 billion naira into Skye bank after sacking the lender's top management this month for failing to meet minimum capital requirements, its new managing director said on Friday. Adetokunbo Abiru also said Skye, Nigeria's eighth-largest bank, made a pre-tax loss last year, due to oil-related bad loans...

  • LONDON/ MILAN, July 29- European shares rose on Friday helped by some encouraging company updates, with Kering gaining after its fashion brand Gucci recorded strong sales. Financial services were in demand, with the STOXX Europe 600 Banks index topping sectoral gainers with a rise of 2.1 percent before the the release later in the day of the results of Europe- wide...

  • This could have implications for other central banks around the world contemplating further easing, notably the European Central Bank and the Bank of England. The latter meets in the coming week and is widely expected to take steps to ease the economic pain of Britain's vote to leave the European Union. *BoE policy decision Aug. 4, Australia Aug. 1, BOJ minutes Aug. 3.

  • WASHINGTON— Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved. Those loans jumped to $77 billion from $38.2 billion. Overall, the review found that loans at risk of failing or already in default, plus those showing potential weakness, remained high at 10.3 percent of...

  • *Trump wants to tear up Iran nuclear deal if he wins. LONDON/ ANKARA, July 29- Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran's push for foreign...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.