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Finance Banks

  • KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 0.1 percent to 19,207.30 and South Korea's Kospi dipped 0.1 percent to 2,078.08. Also due this week: a German business confidence index on Tuesday, U.S. new home sales on Friday and earnings from big companies such as British bank HSBC. ANALYST VIEW: "Asian markets look set for a soft start to the week with a lack...

  • SINGAPORE, Feb 20- Cleveland Federal Reserve President Loretta Mester said on Monday she would be comfortable raising interest rates at this point if the economy maintained its current pace of performance. In a speech in Singapore, Mester, seen as one of the more hawkish Fed officials, said the economy was on a "sound footing". Those have passed through and the trend...

  • 'Happy days' for China markets: Expert

    Francis Lun, CEO of GEO Securities, says financials have been underpinning the markets in Hong Kong.

  • SINGAPORE, Feb 20- Cleveland Federal Reserve President Loretta Mester said on Monday she would be comfortable raising interest rates at this point if the economy kept performing the way it did. Those have passed through and the trend in inflation is, it's moving up, "Mester said at a central banking seminar in Singapore. Fed Chair Janet Yellen said last week that...

  • SINGAPORE, Feb 20- The U.S. economy is on "sound footing," a hawkish Federal Reserve official said on Monday in a speech that cautioned against asking the central bank to solve problems beyond its control such as low productivity growth. Cleveland Fed President Loretta Mester, at a forum in Singapore, did not comment specifically on interest rates.

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • ULAANBAATAR, Mongolia— The Mongolian government and envoys from the International Monetary Fund said Sunday that they and other partners have agreed on terms for a more than $5 billion loan package to the north Asian country to help get its economy back on track. The Asian Development Bank, World Bank, Japan and South Korea are together expected to provide up to...

  • Exit mass exit

    The trickle toward indexes has turned into a flood, with more than half a trillion dollars heading into passive funds over the past year.

  • Feb 17- Citigroup Inc's board of directors cut Chief Executive Officer Michael Corbat's compensation by 6 percent last year after the bank missed financial targets and one-third of its voting shareholders disapproved of his prior pay package. Corbat received $15.5 million in total compensation, including a base salary of $1.5 million, a $4.2 million cash...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • George Soros, billionaire and founder of Soros Fund Management LLC,

    The billionaire's short positions came in the form of puts, or options to sell, on two exchange-traded funds that track market indexes.

  • NEW YORK— Customers are still turning their backs on Wells Fargo after a scandal over sales practices, with the bank saying Friday the number of new checking accounts people opened was down 31 percent in January from a year earlier. Wells Fargo has been releasing monthly reports on these figures since the outcry over its sales practices as a sort of "report card" on...

  • "After factoring in day count differences and typical seasonality, trends were relatively stable in January and within our expectations," Mary Mack, who took over leadership of Wells Fargo's branch banking unit last year, said in a press release. Wells Fargo has been reporting monthly on customer activity in its branch banking unit ever since the bank was rocked...

  • Stewart: CEOs were telling me, 'we just don't want to be on the radar'

    Jim Stewart, New York Times, weighs in on how President Donald Trump is making corporate outreach a centerpiece of his administration.

  • Pisani: Two particular groups having problems, banks and energy stocks

    CNBC's Bob Pisani looks ahead at what's moving markets this morning.

  • BEIJING, Feb 17- China's central bank said on Friday it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of asset bubbles in the rapidly growing economy. China has relied on rapidly increasing credit to fuel economic growth in recent years, but policymakers...

  • BEIJING, Feb 17- China's central bank said on Friday that it will keep the yuan currency basically stable while maintaining a prudent and neutral monetary policy.

  • *HNA holds 3.04 pct in Deutsche Bank. FRANKFURT, Feb 17- China's HNA Group has taken a stake of just over 3 percent in Deutsche Bank and said on Friday it could buy further shares in the German lender. HNA's stake of 3.04 percent, worth around 750 million euros at current share prices, makes it the bank's biggest shareholder after Qatar, which has close to 10 percent of...

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