TOKYO, Nov 28- Japan's biggest banks have begun including their smaller regional peers in overseas project financing deals- a development pushed for by financial authorities keen for regional lenders to reduce their outsized dependence on government bond investments. Japan has more than 100 regional banks whose combined deposits account for about half...» Read More
LONDON, Nov 2- Italy's Banca Monte dei Paschi di Siena is working on a rights issue to fill at least half of a 2.1 billion euro capital hole uncovered in a European financial health check, a source with direct knowledge of the matter said. The world's oldest surviving bank has hired UBS and Citigroup to assess strategic options after it failed the European Central...
LONDON, Nov 2- Banca Monte dei Paschi di Siena, the oldest surviving bank in the world, is working on a rights issue to fill at least half of a 2.1 billion euro capital gap uncovered by a European review of banks, a source with direct knowledge of the matter said. Italy's third-largest bank has hired UBS and Citigroup to assess strategic options after it failed...
Fed Governor Daniel Tarullo, who oversees bank regulation, invited CEOs from a group of banks with between roughly $50 billion and roughly $150 billion of assets, the sources said this week. Under the 2010 Dodd-Frank regulatory reform law, banks that have more than $50 billion of assets must show how they would fare in stressful situations before they can...
NEW YORK- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on " Monetary Policy and Communications" before the Society of American Business Editors and Writers annual fall conference in New York- 1300 GMT. WASHINGTON- 2014 IIF Annual Membership Meeting. Treasury Deputy Assistant Secretary Mark Sobel, Bank of Mexico Deputy Governor...
ST. LOUIS- Federal Reserve Bank of St. Louis President James Bullard gives welcome remarks before the 39th Annual Federal Reserve Bank of St. Louis Fall Conference- 1345 GMT. WASHINGTON- Peterson Institute/ Moody Investors Service host panel on "The EU financial system on the eve of the single supervisory mechanism." WASHINGTON- 2014 Bretton Woods Committee...
Forget Wall Street. Regional banks are getting bigger through acquisitions, making them the best stock bet in the financial sector.
*NPLs unsustainable in Romania, Bulgaria, Croatia, Serbia. LONDON, Sept 30- The ECB's health check of European banks could force some lenders to rethink their strategy in central and eastern Europe and even withdraw from parts of the region, according to the European Bank for Reconstruction and Development's new regional banking expert.
Sept 19- Presidents of the Federal Reserve's 12 regional banks are more likely to dissent in favor of tighter monetary policy, than the political appointees who make up the central bank's Board of Governors, according to a Fed study published on Friday.
TOKYO, Sept 17- JGB prices edged down, pushing the 10- year yield to a three-month high, as regional banks took profits ahead of their half-year book-closing and ahead of 20- year JGB auction later in the day. The 10- year JGB yield rose 0.5 basis point to 0.580 percent, its highest level since June 24 while the 20- year yield rose 0.5 basis point to 1.405 percent.
NEW YORK, Sept 2- New York state's attorney general on Tuesday accused regional bank Evans Bancorp of illegally discriminating against African-Americans in Buffalo by denying them mortgages.
WASHINGTON, Aug 26- Three regional Federal Reserve banks, whose presidents are among the more hawkish of U.S. central bankers, continued to press for an increase in the Fed's emergency lending rate ahead of last month's policy-setting meeting, according to minutes on Tuesday.
Post-election committee leadership changes and growing momentum behind bipartisan fixes may lead to tweaks to the 2010 Dodd-Frank law for the smallest community banks, larger firms such as PNC Financial Services of Pittsburgh and Regions Financial of Birmingham, Alabama, and insurers, lobbyists and congressional staffers said.
Some investors are wondering whether it's time to invest in financial stocks. The answer depends on who you ask.
Matthew Phan, Analyst on Asia-Pacific Banks at Creditsights, compares the earnings of Singaporean bank UOB with its peer DBS.
On the four-year anniversary of Dodd-Frank, perhaps there is a lesson big banks can learn from smaller, regional banks, says Dan O'Donnell.
"People are starting to increase inventory to build for a better economy and a better outlook in quarters three and four," Richard Davis, chief executive of U.S. Bancorp, said after the bank reported earnings on Wednesday. U.S. Bancorp reported a 12.4 percent rise in commercial loans by volume for the quarter.
CNBC's Bob Pisani reports on the market's open, and explains healthy action in the regional banking space, but pinpoints their biggest single problem.
July 12- A debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than planned because of recent improvements in the U.S. job market, the Wall Street Journal reported.
July 3- SunTrust Banks Inc, a large U.S. southeast regional bank, will pay as much as $320 million to resolve a criminal probe into its mortgage unit's mismanagement of a federal program designed to help struggling homeowners avoid foreclosure during the recession.
The Fed and the SEC also brought civil charges against three former managers at the company's Regions Bank unit: Thomas Neely Jr, once a senior commercial credit executive; Jeffrey Kuehr, who led a problem loan workout department; and Michael Willoughby, who was chief credit officer.