Finance Banks


  • LONDON, July 29- European shares advanced on Friday following some encouraging company updates, with EDF surging after its board approved the company's Hinkley Point nuclear project and Kering gaining after its fashion brand Gucci recorded strong sales. However, Switzerland's top bank cautioned that tough market conditions were likely to continue for the...

  • LONDON, July 29- The yen soared against the dollar on Friday after a round of modest monetary policy easing from the Bank of Japan disappointed investors who had been hoping for at least a hint of more radical stimulus. That still left it short of levels seen as investors flooded into the traditional security of Japan after Britain's vote to leave the European...

  • LONDON— Barclays plc said Friday second-quarter earnings rose 19 percent as the bank expressed confidence it could weather the uncertainty of Britain's exit from the European Union. Barclays' core businesses include those it plans to continue operating after it sheds riskier assets and focuses on Britain. Barclays announced plans earlier this year to...

  • LONDON, July 29- Euro zone yields rose with other global bond benchmarks on Friday after the Bank of Japan unveiled new monetary stimulus that fell short of market expectations. The BOJ modestly increased purchases of exchange-traded funds, but maintained its base money target at 80 trillion yen. The Bank of England meets next week and is expected to cut rates...

  • Swiss bank UBS in Midtown Manhattan

    Swiss lender warns that volatility, uncertainty, and geopolitical tensions were causing client "risk aversion."

  • TOKYO— Japan's central bank opted Friday for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation. The recent vote by Britain to leave the European Union has added to the uncertainties clouding the global outlook at a time when Japan's recovery remains in question. "It is hard to understand why the BOJ did not...

  • No savings

    The level of non-performing loans at European Union banks will be in the spotlight as the region’s biggest banks face stress tests on Friday.

  • Barclays headquarters in London, England.

    British bank Barclays reported a 21 percent drop in first-half profit before tax as the costs of disposing its non-core business weighed on earnings.

  • SINGAPORE, July 29- The safe-haven yen jumped against the dollar on Friday after the Bank of Japan's monetary policy easing disappointed investors who had been hoping for more radical stimulus measures. It initially rose to 105.75 yen right after the BOJ's announcement but later tumbled to as low as 102.705 yen. Other than ETFs, they didn't announce anything, "...

  • TOKYO— Japan's central bank opted Friday for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation. The Bank of Japan ended a policy meeting Friday by announcing it will expand purchases of assets from financial institutions to help inject more cash into the world's third-largest economy and pursue its 2...

  • DHAKA, July 29- The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka's efforts to retrieve the money. Bangladesh Bank has also agreed to share with the Fed a report into the heist that was prepared by U.S. cyber...


  • India Banking Union

    C H Venkatachalam of the All India Bank Employees' Association explains why the union opposes reform measures in the banking sector.

  • Pedestrians pass by a Banca Monte dei Paschi di Siena SpA bank branch in Milan, Italy, on Tuesday, April 12, 2016.

    A former Italian industry minister has teamed up with UBS to present a last-ditch rescue proposal to Monte dei Paschi di Siena, the FT reports.

  • European Banks

    Italian lenders will be the ones in focus, according to Invesco's Stephanie Butcher.

  • MILAN, July 28- Italy's third-biggest lender, Monte dei Paschi di Siena, has received a last-minute rescue proposal by Swiss bank UBS, just hours before it is due to unveil its own bailout plan to meet regulators' concerns over its stability. The bank said in a statement on Thursday night it had received two letters from UBS and former Italian Industry Minister...

  • NEW YORK/ LONDON, July 28- Gold turned lower after hitting a two-week peak on Thursday as the dollar pared losses and U.S. stocks climbed from their lows ahead of a possible Bank of Japan announcement to expand monetary stimulus on Friday. Spot gold was down 0.3 percent at $1,335.60 an ounce at 3:28 p.m. EDT, after rising to a two-week top at $1,345.21.

  • Businessmen walk past the Bank of Japan in Tokyo, Japan

    The Bank of Japan is considering specific steps for expanding monetary stimulus to address signs of weakness in inflation.

  • Kelly King, CEO, BB&T

    BB&T Securities said it will layoff at least 61 people as it exits the equity research business and makes other changes at its securities unit.

  • Skyscrapers new york city, office buildings, corporate, corporate america

    That's how much of the $51 trillion in company debt is coming due between now and 2021, according to fresh data from S&P Global Ratings.

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