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Finance Banks

  • BEIJING, Feb 25- Guo Shuqing, who is stepping down as governor of Shandong province to take control of China's banking regulator, returns to Beijing at a decisive moment for the country's financial system following years of breakneck economic growth. For Guo, highly regarded as one of China's most experienced financial services professionals, returning to...

  • MILAN, Feb 24- Italy's biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country's largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders. Management changes at Generali and political weakness in Rome helped fuel bid talk in recent months, with media reports suggesting Axa,...

  • NEW YORK, Feb 24- A Republican-backed border tax proposal that drew some praise from U.S. President Donald Trump would actually dampen both exports and imports, research co-authored by an economist at the Federal Reserve Bank of New York said on Friday. The research authors are Mary Amiti, assistant vice president in the New York Fed's research unit, Oleg...

  • Bull Pamplona Spain

    When it comes to choosing an investment manager, looking for a hot hand is likely to leave you out in the cold.

  • EXCLUSIVE-FEDERAL RESERVE HAS APPROVED F.N.B.

  • The Canadian bank's move comes after several Western firms have withdrawn from private banking in Asia, hit by increasing pressure to reduce costs at home, slowing growth in the region and rising compliance costs. Most recently, Dutch lender ABN Amro Group agreed in December to sell its private banking operations in Asia and the Middle East, which has $20...

  • BOGOTA, Feb 24- Colombia's central bank is likely to hold the benchmark interest rate steady for a second month on Friday as board members struggle to ease inflation even as the economy remains sluggish. Latin America's fourth-largest economy has been hit by a slump in global oil prices and is struggling with a rise in inflation. Crude oil is Colombia's biggest...

  • A trader works on the floor

    President Trump’s plans to cut corporate income tax by more than half could be of little benefit to businesses, says Capital Economics.

  • JPMorgan Chase CEO Jamie Dimon attends a policy forum with President Donald Trump in the State Dining Room at the White House, February 3, 2017, in Washington.

    CNBC's Wilfred Frost takes a look at which corporate leaders made the most money from the surge in stocks since Donald Trump won the White House.

  • "We will not accept any empty shells or' letterbox companies' where the business effectively continues to be done out of London," he said at a London conference organized by zeb, a financial services consultancy. "This includes seemingly creative solutions such as' fly-and-drive' banking, where bankers fly in daily from London, or' dual hatting', where transactions...

  • LONDON, Feb 24- There is no rush to complete new bank capital rules given that the Trump administration has yet to nominate the U.S. Daniel Tarullo, a Federal Reserve governor who has been closely involved in banking rules, is stepping down in early April and his replacement, who would sit on the oversight body, has not been announced. "This person will probably need...

  • Fannie & Freddie's future likely in hands of court or legislature : CEO

    David Stevens, Mortgage Bankers Association CEO, talks about changes ahead in government-sponsored financial services corporations, Fannie Mae and Freddie Mac.

  • JOHANNESBURG, Feb 24- South Africa's central bank wants commercial lenders involved in the rand currency rigging scandal to be held accountable, deputy governor Daniel Mminele said on Friday. South Africa's Competition Commission said last week that it had found more than a dozen local and foreign banks had colluded to coordinate trading in the rand and the...

  • TORONTO, Feb 24- Royal Bank of Canada reported a 24 percent rise in first-quarter net income to more than C $3 billion, beating analysts expectations. Canada's biggest bank said it benefited from strong performances by its personal and commercial banking and capital markets businesses. Net income in the quarter to Jan. 31 rose to C $3.03 billion, from C $2.45...

  • RBS hit by higher misconduct charges

    Filippo Alloatti, senior credit analyst at Hermes Investment Management, weighs in on whether banks like RBS are investable right now if they are still embroiled in legacy issues.

  • GSAM International CEO Sheila Patel discusses the economic stance of the Trump administration.

  • *Pretax statutory profit $409 mln tops $366 mln consensus. *$215 mln loss from stake in Indonesia bank unit. LONDON/ HONG KONG, Feb 24- Standard Chartered shares fell by 3 percent on Friday as the lender returned to profit but held off on paying a dividend as it grapples with costs from Chief Executive Bill Winters's restructuring program.

  • The Canadian bank's move comes after several Western firms have withdrawn from private banking in Asia, hit by pressure to reduce costs at home, slowing growth in the region and rising compliance costs. Most recently, the Netherlands' largest lender ABN Amro Group agreed in December to sell its private banking operations in Asia and the Middle East, which has $20...

  • LONDON, Feb 24- Royal Bank of Scotland reported a sharp rise in losses on Friday as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank rescue. "This is a strong core bank getting masked by all the sins of the past," Chief Executive Ross McEwan said on a...

  • LONDON— Royal Bank of Scotland's fourth-quarter loss jumped 62 percent as the taxpayer-owned bank set aside more than 4 billion pounds to cover the costs of misconduct during the financial crisis and targeted a return to profitability in 2018.. "The bottom line loss we have reported today is, of course, disappointing but given the scale of the legacy issues we...

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