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White House Government Agencies

  • Wells Fargo was one of five banks to fail an initial assessment in April. On Tuesday, regulators determined that Wells Fargo's living wills fell short and that the San Francisco- based bank would be sanctioned, the Federal Deposit Insurance Corporation said in a statement. Wells Fargo may submit an amended living will by March 31 and regulators may lift...

  • NEW YORK/ LONDON, Dec 13- Gold edged lower on Tuesday, losing its luster as the Federal Reserve began its two-day meeting during which it is expected to deliver the second U.S. interest rate hike in a decade and provide some insight into its outlook for 2017. Spot gold slipped by 0.6 percent to $1,155.65 an ounce by 2:47 p.m. EST, near Monday's 10- month low of...

  • *UniCredit unveils plans to raise 13 billion euros. NEW YORK, Dec 13- Global stock indexes rose while the dollar held steady on Tuesday as investors turned their focus to the U.S. "Understandably, the market is in a little bit of a holding pattern" ahead of the Fed's policy statement, said Richard Franulovich, a senior currency strategist at Westpac Banking Corp in New...

  • LONDON, Dec 13- Sterling fell late on Tuesday after surging on higher-than-expected inflation numbers and softer government rhetoric on Britain's planned departure from the European Union. Focus was shifting to U.S. Federal Reserve and Bank of England policy statements over the next two days but traders said the pound would continue to struggle to break...

  • A file photo showing a demonstration of a vehicle-to-vehicle (V2V) communication system.

    Vehicle-to-vehicle systems allow cars to communicate to warn drivers about potential accidents and prevent crashes, The Verge reports.

  • *Euro briefly hits 5- day high vs dollar of $1.0653. NEW YORK, Dec 13- The U.S. dollar was steady against a basket of major currencies on Tuesday on uncertainty over whether the U.S. "Understandably, the market is in a little bit of a holding pattern" ahead of the Fed's policy statement, said Richard Franulovich, a senior currency strategist at Westpac Banking Corp in New...

  • Donald Trump at a campaign rally in Delaware, Ohio, on Oct. 20, 2016

    Despite hope that Trump will scrap the DOL's new fiduciary rule, the investment industry for now must proceed with implementation.

  • LONDON, Dec 13- A pause in the rally in U.S. bond yields ahead of December's Federal Reserve meeting and stronger-than-expected Chinese data lifted emerging market equities on Tuesday, although Russian assets eased off the highs hit earlier this week. This allowed the benchmark emerging stocks index to rise 0.3 percent, with strong gains in emerging Europe and...

  • *Italian bond yields fall, narrowing premium mover Germany. LONDON, Dec 13- Global shares edged up on Tuesday, helped by gains in banks after Italy's largest lender unveiled a 13 billion euro share issue, while the dollar held steady before a Federal Reserve meeting expected to deliver higher interest rates. UniCredit launched Italy's biggest share issue to...

  • *Italian bond yields fall, narrowing premium mover Germany. LONDON, Dec 13- Global shares edged up on Tuesday, helped by gains in banks after Italy's largest lender unveiled a 13 billion euro share issue, while the dollar held steady before a Federal Reserve meeting expected to deliver higher interest rates. UniCredit launched Italy's biggest share issue to...

  • *Dollar flat into first day of Fed meeting. LONDON, Dec 13- The dollar steadied against the yen and euro on Tuesday after its weakest day in a week, with markets still uneasy that a Federal Reserve meeting ending on Wednesday may provoke more investors to cash in the greenback's recent gains. "We think the meeting may be a catalyst for people to take some profit on long...

  • *Euro adds to gains made on higher bund yields, Italy relief. TOKYO, Dec 13- The dollar eased against the yen on Tuesday, coming off a 10- month high, as a surge in Treasury yields was tempered for the time being. The common currency had gained 0.7 percent overnight, helped by higher German bund yields and on relief as Rome was seen ready bail out Italian bank Monte dei...

  • NEW YORK- Federal Reserve chair Janet Yellen holds a news conference- 1930 GMT. **HELSINKI- Bank of Finland Governor and European Central Bank council member Erkki Liikanen will speak at a news conference focused on the outlook of Finnish economy and the state of the country's public finances- 0900 GMT. FRANKFURT- European Central Bank governing council meeting.

  • DHAKA, Dec 12- Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top investigator in Dhaka told Reuters on Monday. The comments by Mohammad Shah Alam of the Dhaka police are the first sign that investigators have got a...

  • WASHINGTON, Dec 12- The Federal Reserve Board laid out on Monday how U.S. banks can apply to take five more years to comply with the Volcker Rule, a reform emerging from the 2007-09 financial crisis that has received some of the harshest criticism from Wall Street. The rule, intended to keep banks from speculating with their customers' money, limits the amount of...

  • WASHINGTON, Dec 12- The Federal Reserve Board said on Monday it had promoted an expert on bank stress tests to lead its financial stability division, as it works on changes to the annual exams of large institutions' financial health. Lehnert will replace current director Nellie Liang, who is retiring, on Dec. 25. Lehnert holds a PhD in economics from the University of...

  • NEW YORK, Dec 12- The U.S. dollar fell against most major currencies on Monday on concerns that the Federal Reserve could suggest in its next policy statement that the greenback's gains have gone too far, while a rally in oil prices boosted commodity-linked currencies. With a hike largely priced in, focus has turned to what signal the Fed will send on further policy...

  • NEW YORK, Dec 12- The U.S. dollar fell against most major currencies on Monday on concerns that the Federal Reserve could suggest in an upcoming policy statement that the greenback's gains had gone too far, while a rally in oil prices boosted commodity-linked currencies. With a hike largely priced in, focus has turned to what signal the Fed will send on further...

  • LONDON, Dec 12- The dollar dipped against the euro and a basket of currencies on Monday, an oil-driven rise in inflation expectations not enough to push on its broader rally as traders worried about the outcome of Wednesday's Federal Reserve policy meeting. The euro gained almost half a percent in morning trade to push back above $1.06, pushing the dollar index a...

  • NEW YORK, Dec 12- Republican lawmakers and the Federal Reserve may be ready to strike a compromise deal on legislation that would give Congress greater scrutiny over the central bank, now that there is no longer the threat of a presidential veto, but it would likely stop short of dictating rules on setting interest rates. Donald Trump's victory in the...