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  • NEW YORK, Dec 2- The rally in regional U.S. bank stocks that followed last month's election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. Smaller lenders could potentially add as much as 40 percent to their fourth-quarter 2017 earnings if Trump's promises of tax cuts and regulatory...

  • Taking money from ATM

    The CIO of Wedbush Equity Management told CNBC on Friday that he believes investors should hold off on buying bank stocks.

  • LOS ANGELES— California Treasurer John Chiang on Friday appealed to President-elect Donald Trump for guidance on how the state's projected $7 billion marijuana industry can participate in the nation's banking system while pot remains illegal under U.S. law. California voters last month approved Proposition 64, which legalized the recreational use of...

  • Sorkin: Schultz WHAT

    CNBC's Andrew Ross Sorkin discusses his conversation with outgoing Starbucks CEO Howard Schultz and incoming CEO Kevin Johnson.

  • MOSCOW, Dec 2- Hackers stole more than 2 billion roubles from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe. Central bank official Artyom Sychyov discussed the losses at a briefing, saying that the hackers had attempted to steal about 5...

  • Are financials the new growth sector?

    Steve Massocca, Chief Investment Officer, Wedbush Equity Management, looks at the recent tech wreck and the growth of financials. Are financials the new growth stocks?

  • Key vote in Italy this weekend

    CNBC's Julia Chatterley is in Rome to look at a key vote taking place in Italy this weekend.

  • WASHINGTON, Dec 2- U.S. banking regulators must defend tough rules governing Wall Street and resist efforts to dilute regulations that might prevent a future financial crisis, Federal Reserve Governor Daniel Tarullo said on Friday. "It is critical that we not forget our still quite recent history," Tarullo told a meeting of financial market researchers in...

  • Founded in 2008, it has been one of the key lenders that Trump has turned to after his relations with major Wall Street banks soured following some of his business bankruptcies in the 1990 s. New York- based Ladder had about $6.2 billion of assets on its balance sheet as of September, $2.4 billion of which were commercial real estate loans and $2.7 billion of which...

  • WASHINGTON, Dec 2- U.S. banking regulators must defend tough rules governing Wall Street and resist efforts to dilute regulations that might prevent a future financial crisis, Federal Reserve Governor Daniel Tarullo said on Friday. "It is critical that we not forget our still quite recent history," Tarullo told a meeting of financial market researchers in...

  • LONDON, Dec 2- Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming weeks, according to sources familiar with the matter. May has said she will invoke Article 50 by the end of March 2017, starting formal withdrawal negotiations...

  • UK MUST SECURE BREXIT' TRANSITION' PERIOD OR RISK BANKS LEAVING, BANKING INDUSTRY GROUP TO WARN GOVERNMENT- SOURCES.

  • WASHINGTON, Dec 2- Online credit companies and paperless lenders may seek a federal charter to do their business nationwide under a plan outlined on Friday by a U.S. banking regulator. The Office of the Comptroller of the Currency, the main regulator for federal banks, said it hoped offering a charter for "fintech" companies would spur innovation in the banking...

  • LONDON, Dec 2- The Bank of England's chief economist, Andrew Haldane, said on Friday it would be risky to raise interest rates too hastily and that he was comfortable with the BoE's recent shift to a neutral stance on what its next monetary policy move should be. Britain's central bank is grappling with the effect of a sharp fall in sterling since June's vote to leave...

  • *Stocks ease on caution ahead of NFP, Italy referendum. *Some bearish bets on Italy squared-off. LONDON, Dec 2- Global stocks, oil and the dollar eased on Friday as investors took a cautious stance before Italy's referendum on constitutional reform on Sunday, while a strong jobs report from the U.S. cemented the case for a Federal Reserve rate increase.

  • WASHINGTON, Dec 1- Community banks will face less red tape and be able to lend to more small businesses once Congress erases financial rules conceived after the economic downturn of 2008, a leading Republican lawmaker said on Thursday. The plan from Jeb Hensarling, chairman of the House Financial Services Committee, would roll back parts of the Dodd Frank...

  • LONDON, Dec 2- Bank of England chief economist Andrew Haldane said on Friday it would be risky to raise interest rates too hastily and that he was comfortable with the BoE's recently adopted neutral stance on the future direction of monetary policy. Britain's central bank is grappling with the effect of a sharp fall in sterling since June's vote to leave the...

  • While cash is facing several challenges in the euro area, Deutsche Bank says cash won't disappear anytime soon.

  • LONDON, Dec 2- Emerging equities fell more than 1 percent on Friday and currencies weakened after strong U.S. data raised the spectre of faster U.S. Federal Reserve rate rises, while South African markets were jittery before a sovereign debt ratings review. "The risk is that a strong print in the payrolls may firm the hand of the Fed," said Cristian Maggio, head of...

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