GO
Loading...

Banks

More

  • WASHINGTON, April 1- As the U.S. Supreme Court on Wednesday considered the case of a Massachusetts homeowner battling his mortgage lender over a bankruptcy plan, several justices focused their attention on his unlikely ally: Bank of America Corp.. Bank of America, one of the largest U.S. banks, filed a friend-of-the-court brief in support of Louis Bullard, who owes...

  • More permanent role seen for Fed's repurchase program Wednesday, 1 Apr 2015 | 2:41 PM ET

    STONE MOUNTAIN, Ga., April 1- A pledge by the U.S. The Fed has said it will shutter the repo program as soon as it's no longer needed, with Atlanta Fed President Dennis Lockhart saying on Wednesday that the central bank can adjust rates in a way to where the program "dies under its own weight." "Changes in short-term interest rates are less relevant to the price of a lot of...

  • Stone Mountain, Ga., April 1- U.S. financial regulators are struggling to agree on how to tackle the huge network of lenders operating outside of traditional banking channels, as worries grow that the lack of oversight over this system is increasing systemic risks. Shadow banks provide an estimated 40 percent of credit in the United States. "There are unresolved...

  • FOREX-Dollar retreats on weak data as new quarter begins Wednesday, 1 Apr 2015 | 10:54 AM ET

    NEW YORK, April 1- The dollar fell on Wednesday at the start of the second quarter as disappointing data on U.S. manufacturing and jobs growth raised bets the Federal Reserve might refrain from raising interest rates until late 2015 at the earliest. Payroll processor ADP said U.S. companies added 189,000 workers in March, the fewest in 14 months, while the...

  • Morgan Stanley said 62 percent of investors polled at its European financial industry conference said the negatives of having a global banking business outweighed the benefits as regulations had "become overbearing" for the largest firms. "We found it striking that some management teams are seeking to make their businesses simpler, and we believe investors...

  • BAKU, April 1- The head of Azerbaijan's central bank said on Wednesday the bank was moving towards a managed float of the manat currency as it was not yet ready to move to a fully flexible rate. Rustamov said the bank had sold more than $1 billion since Feb. 21 from reserves following the manat's devaluation. The bank spent $1 billion of reserves to prop up the currency...

  • SHANGHAI, April 1- China's newly announced deposit insurance scheme could pressure margins at struggling state-owned banking giants, but the country's small lenders still have their work cut out to take market share from the big players. China's cabinet announced on Tuesday that a long-awaited deposit insurance scheme- covering 99.6 percent of depositors...

  • BAKU, April 1- The head of Azerbaijan's central bank said on Wednesday the bank was moving towards a managed float of the manat currency as it was not yet ready to move to a fully flexible rate. "The central bank is moving towards a managed float of the manat," Elman Rustamov said at a meeting of the parliament's economic policy committee. Rustamov said the manat's rate...

  • China to offer deposit insurance   Wednesday, 1 Apr 2015 | 6:25 AM ET
    China to offer deposit insurance

    CNBC's Eunice Yoon reports China plans to launch a bank deposit insurance system in May, paving the way for deregulation of interest rates.

  • SHANGHAI, April 1- China's newly announced deposit insurance scheme could pressure margins at struggling state-owned banking giants, but the country's small lenders still have their work cut out to take market share from the big players. China's cabinet announced on Tuesday that a long-awaited deposit insurance scheme- covering 99.6 percent of depositors...

  • *RBI to leave both key rates on hold at April 7 meeting. BENGALURU, April 1- The Reserve Bank of India will most likely leave its benchmark interest rate unchanged at 7.50 percent at next week's policy meeting, but reduce it by 25 basis points by the end of June, a Reuters poll found. Only nine of the 40 economists surveyed this week expect the RBI to cut the repo rate at the...

  • *BOJ can buy more assets or scrap 0.1 pct floor on rates-Yamamoto. TOKYO, April 1- The Bank of Japan must ease monetary policy further at its rate review on April 30 given signs of slowdown in the economy and prices, a ruling party lawmaker and one of the architects of premier Shinzo Abe's "Abenomics" reflationary policies said. The central bank has various tools...

  • US official: We support AIIB's goal   Tuesday, 31 Mar 2015 | 11:16 PM ET
    US official: We support AIIB's goal

    Catherine Novelli, U.S. Under Secretary of State for Economic Growth, Energy and the Environment, says the U.S. supports the Asian Infrastructure Investment Bank's goal in infrastructure development.

  • HONG KONG, April 1- China's yuan firmed against the dollar on Wednesday, helped by better-than-expected factory sector activity, even though the central bank set a weaker midpoint for the currency for the fourth consecutive day. The final HSBC/ Market China Manufacturing PMI came in at 49.6, also slightly higher than a preliminary "flash" reading of 49.2 but still...

  • PRECIOUS-Gold edges up after March drop as dollar slips Tuesday, 31 Mar 2015 | 11:10 PM ET

    *Gold snaps 3- day fall, lost 2.4 pct in March. SINGAPORE, April 1- Gold kicked off April by climbing on Wednesday as the dollar retreated, but expectations the Federal Reserve is on course to lift interest rates this year capped bullion's gains. "There's some short-term support around $1,180, but I still believe the price will continue to go down given pressure from...

  • SINGAPORE, April 1- Gold steadied on Wednesday after falling for a second straight month in March as renewed bets that the Federal Reserve is on course to lift interest rates this year burnished the dollar's appeal. *Spot gold was little changed at $1,184.16 an ounce by 0011 GMT, after ending March with a loss of 2.4 percent. *The world's largest gold-backed...

  • DIARY- Top Economic Events to April 15 Tuesday, 31 Mar 2015 | 8:01 PM ET

    STONE MOUNTAIN, United States- Federal Reserve Bank of San Francisco President John Williams moderates "Policy Session 3: Financial Stability: How Essential Should Financial Stability Be to Central Banks?" before the 2015 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta- 1230 GMT. STONE MOUNTAIN, United States- Federal Reserve Bank of...

  • Japan sticks with US, won’t join China-led bank Tuesday, 31 Mar 2015 | 7:38 PM ET

    Japanese leaders indicated the nation would not become a founding member of the AIIB but remain loyal to the U.S., which has urged allies not to join, NYT reports.

  • Why are countries eager to join China-Led AIIB?   Tuesday, 31 Mar 2015 | 6:39 PM ET
    Why are countries eager to join China-Led AIIB?

    Edwin Truman, non-resident senior fellow at the Peterson Institute for International Economics, says many countries have "commercial motivations" and explains why the U.S. should be part of the new development bank.

  • Japan banks look to Islamic finance boom for growth Tuesday, 31 Mar 2015 | 7:22 PM ET

    Japan is starting to make inroads into Islamic finance, a move that could help strengthen regional economic ties and give its lenders an edge.

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.