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Finance Banks

  • *Commission recommends fund should become separate entity. OSLO, June 23- Norway's $960 billion wealth fund, the world's largest, should be split from the country's central bank, which has managed the fund since its launch in 1996, a government-appointed commission said on Friday. "Both central banking and investment management place greater demands on the...

  • *Plans new overseas offices in Sydney, Luxembourg next year. CMB is planning to open new private banking offices in Sydney and Luxembourg next year, and Los Angeles, London and Vancouver over the next two-three years, Wang Jinggeneral manger of CMB's private banking department told Reuters. China's sixth-largest lender by assets already has a private banking...

  • Richard Bove of Rafferty Capital Markets.

    U.S. bank stock valuations continue to be hit by the ongoing uncertainty surrounding the industry in recent years, says a banking analyst.

  • Pedestrians walk past the Bank of England in the City of London, Britain June 28, 2016.

    BOE policymakers that are pushing for a rate hike have been wrong for the past eight years and there's no sign of them getting it right no, HSBC's global head of foreign exchange strategy told CNBC.

  • Banks not having difficulty at the moment: Dick Bove

    Dick Bove, vice president of equity research at Rafferty Capital Markets, says that companies in the credit card business are among those with the biggest risks.

  • FRANKFURT, Germany— The European Central Bank is asking for legal powers to oversee how transactions involving financial derivatives are settled— a hot topic in negotiations over Britain's departure from the European Union. Much of the activity in clearing euro-denominated derivatives is located in London and involves thousands of jobs in the financial...

  • *Ireland sells 25 percent stake at 4.40 euros per share. DUBLIN, June 23- Ireland raised 3 billion euros by selling a quarter of Allied Irish Banks on Friday in a remarkable turnaround for a company at the forefront of reckless lending during the "Celtic Tiger" boom. The initial public offering of 25 percent of AIB's shares at 4.40 euros each was the third largest...

  • PARIS, June 23- The dollar dipped to a four-day low against major currencies on Friday and the euro rose on the recent raft of robust data. The European Central Bank is deciding when and how quickly to wind back its expansive quantitative easing program. "With the debate over ECB QE policy heating up, expect the euro to be much more sensitive to data surprises," wrote...

  • Irish Fin Mins: AIB IPO marks significant milestone

    The Irish government has hailed the success of Allied Irish Banks' IPO. Nick O'Donnell, corporate partner at Baker McKenzie, discusses the listing.

  • US banks would continue lending during financial crisis: Fed

    The Fed has revealed that 34 of the largest banks in the U.S. have all cleared the first stage of the annual stress test. Filippo Alloatti, senior credit analyst at Hermes Investment Management, reacts.

  • *Ireland sells 25 percent stake at 4.40 euros per share. DUBLIN, June 23- Ireland raised 3 billion euros on Friday by returning Allied Irish Banks to the stock market in one of the largest bank listings since the financial crisis, achieving a price close to the bank's book value. Ireland's government sold a quarter of its 99.9 percent AIB stake at 4.40 euros per share...

  • DUBLIN, June 23- Ireland raised 3 billion euros on Friday via Allied Irish Banks' return to the stock market, selling a quarter of the state-owned bank at 4.40 euros per share in one of the largest bank listings since the financial crisis. Ireland's finance ministry said the offer was more than four times oversubscribed. "The offer was very well received and...

  • Fed stress test: Banks have 'built enough capital'

    Marty Mosby, Vining Sparks, weighs in on U.S. banks clearing the Federal Reserve's first hurdle of its annual stress tests.

  • Gerard Cassidy from RBC Capital Markets says a Treasury proposal issued last week recommended bi-annual tests because the banks are so strong.

  • MEXICO CITY, June 22- Mexico's central bank board made a divided decision to raise interest rates on Thursday and policymakers suggested that they may have raised borrowing costs enough to contain a spike in inflation. Banco de Mexico raised its benchmark rate by a quarter percentage point to 7.00 percent, as expected by all 17 analysts surveyed by Reuters last...

  • June 22- It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C $360 million paper profit by propping up a major Canadian lender on life support. Home Capital joined Bank of America Corp, General Electric Co, Goldman Sachs Group Inc and other companies that have welcomed Buffett's largesse, accepting a C $2 billion credit...

  • Several of China’s largest overseas asset buyers are being placed under scrutiny, amid a government crackdown on money laundering.

  • How will banks fair at the upcoming CCAR stress test?

    The CCAR stress test has a qualitative component that makes it harder to predict which banks will pass, says John Maxfield from the Motley Fool.

  • ULTIMO, NEW SOUTH WALES, Australia- Federal Reserve Bank of San Francisco President John Williams speaks on "Speed Limits and Stall Speeds: Fostering Sustainable Growth in the United States" before the University of Technology Sydney Seminar- 0510 GMT. SYDNEY, Australia- Federal Reserve Bank of San Francisco President John Williams speaks on "The Global Growth...

  • BRUSSELS- European Central Bank President Mario Draghi participates in the European Council Meeting in Brussels, Belgium. NASHVILLE, Tennessee- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Illinois Bankers Association 126th Annual Conference- 1515 GMT.

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