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New York's Attorney General says there is more evidence that Bank of America, Wells Fargo and other banks violated the terms of a settlement designed to end mortgage abuses.
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*Banking investments pouring into Colombia. BOGOTA, May 24- Colombia will remain a hot spot for foreign banks in the coming years as low credit penetration provides ample room for growth, the head of its second-biggest bank said on Friday, while he explores regional opportunities with special attention in Peru.
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New York's Attorney General says there is more evidence that Bank of America, Wells Fargo and other banks violated the terms of a settlement designed to end mortgage abuses.
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ATHENS, Greece-- The National Bank of Greece has reported first-quarter profits of 27 million euros with a strong performance by its Turkish unit, Finansbank, keeping the group profitable. NBG, Greece's largest bank, on Friday said Finansbank had earned 155 million euros in the first three months of 2013, a 23 percent increase from that quarter in 2012..
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At a conference in Dublin on Friday the head of Ireland's largest bank gave small business leaders the "15- second elevator pitch" he gives to U.S. executives when he is in New York or Boston.
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Louisa Bojesen takes you through the European market close, where stocks have come in lower.
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AG Lafley is viewed as a legend not only at P&G but also within the corporate world, reports CNBC's Jackie DeAngelis. John Faucher, JPMorgan analyst, and Marian Moore, University of Virginia, weigh in.
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Almost seven months after being devastated by super storm Sandy, the Jersey Shore is looking to rebound as the summer season gets underway this Memorial Day weekend, reports CNBC's Kayla Tausche.
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WASHINGTON, May 24- Federal Reserve profits paid over to the U.S. The Fed transferred $15.3 billion in the first quarter versus $23.8 billion in the same period in 2012, reflecting a decline in earnings from both interest and non-interest income.
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*Durable goods orders rise more than expected. NEW YORK, May 24- U.S. stocks fell for a third day on Friday amid lingering concern the U.S. central bank may scale back its support to the economy.
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LONDON, May 24- Extreme volatility in the Japanese government bond market could trigger a sell-off on a par with what happened throughout the third quarter of 2003, when local banks and foreign investors were forced to dump their JGB holdings after heightened volatility caused the assets to exceed internal value-at-risk limits.
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NEW YORK, May 24- U.S. stocks were set to open lower on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy.
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U.K. banks are still lending too little to the real economy, according to Andrew Haldane, the BoE's executive director for financial stability.
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VIENNA, May 24- Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny by the lender and regulators.
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*Gold boosted this week by drop in stock markets. LONDON, May 24- Gold stayed on track for its biggest weekly rise in a month on Friday, supported by a drop in stock markets and comments from a Federal Reserve official that dampened talk the U.S. central bank is set to curb monetary stimulus.
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*Gold boosted this week by drop in stock markets. LONDON, May 24- Gold steadied on Friday as stock markets stabilised, arresting the metal's rally, though comments from a Federal Reserve official that dampened talk that the U.S. central bank is set to curb monetary policy kept prices firmly underpinned.
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LONDON, May 24- European shares edged lower on Friday, led by auto and banking shares as investor sentiment remained shaky on concerns about a possible rolling back of U.S. monetary stimulus. "just seen a few stop levels triggered there on decent volume," Peter Rice, head of investment strategy at Logic Investments, said. "
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SHANGHAI, May 24- The central bank fixed a record high midpoint for the yuan on Friday despite the dollar's overnight rally, allowing the spot market to push it to a new high, which some traders said could signal a quickening pace of reforms for the currency regime.
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Andy Haldane, executive director for financial stability at the Bank of England, says the economy is "healing" but that we're still "a long way short off normality".
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LONDON, May 24- A top Federal Reserve official said on Friday U.S. inflation would have to pick up before he voted to scale back monetary policy stimulus and that this was unlikely to happen in the coming month. Louis Fed President James Bullard said in a CNBC interview.
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SHANGHAI, May 24- The central bank fixed a record high midpoint for the yuan on Friday despite the dollar's overnight rally, allowing the spot market to push it to a new high, which some traders said could signal a quickening pace of reforms for the currency regime.