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  • Yellen speech awaited for any hint on rate timing Friday, 22 Aug 2014 | 3:03 AM ET

    WASHINGTON— Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear hints of when it will start raising rates.

  • *Gold steady after five-day losing streak. SINGAPORE, Aug 22- Gold held near a two-month low on Friday and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.

  • Nikkei rises for 10th day on strong U.S. shares, data Thursday, 21 Aug 2014 | 10:14 PM ET

    *Shinsei rises on report it plans to bid for Citi's Japan retail banking business. TOKYO, Aug 22- Japan's Nikkei share average rose for the 10th consecutive session on Friday morning thanks to a record close on Wall Street after upbeat U.S. economic data.

  • Federal Reserve should avoid waiting too long to raise interest rates, a top policymaker said on Thursday, arguing that there was no longer a lot of slack in the labor market.

  • Bank of America settlement likely to benefit few Thursday, 21 Aug 2014 | 12:40 AM ET

    WASHINGTON— Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds— $7 billion of it geared for consumer relief— offers a glint of hope for desperate homeowners. "It is certainly better than nothing," said Bruce Marks, chief executive of the nonprofit Neighborhood Assistance Corporation of America.

  • Are the right people punished?     Thursday, 21 Aug 2014 | 2:41 PM ET

    Bank of America will pay a nearly $17 billion settlement to the Justice Department. CNBC's Herb Greenberg provides perspective.

  • Aug 21- Deutsche Bank has sold its North American natural gas trading book to Morgan Stanley, a source familiar with the deal said on Thursday. Deutsche Bank and Morgan Stanley declined to comment. Last month, Morgan Stanley bought Deutsche Bank's bulk commodities trading book in coal, iron ore and freight forward contracts.

  • Why that 20% bank pay raise may be deceiving Thursday, 21 Aug 2014 | 11:57 AM ET

    Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.

  • NEW DELHI, Aug 21- Indian government officials painted an upbeat picture for the economy on Thursday as it struggles to emerge from the longest spell of sub-par growth in decades and promised to tighten up risk management at the country's dominant state banks.

  • New York gets $800M in Bank of America settlement Thursday, 21 Aug 2014 | 10:24 AM ET

    ALBANY, N.Y.— New York state will get $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, New York Attorney General Eric Schneiderman said Thursday.

  • BofA in record-busting mortgage settlement Thursday, 21 Aug 2014 | 10:01 AM ET
    A sign offering mortgage help at a Bank of America branch, New York City.

    Bank of America agreed to pay $16.65 billion to end investigations into mortgage securities that it sold in the run-up to the financial crisis.

  • *Letter sent to BCBS, IOSCO. HONG KONG, Aug 21- The international banking industry has asked regulators for more time to implement derivatives rules that could add $800 billion to the global financial industry's cost of doing business, people familiar with the matter said.

  • BofA set to face the music with $17B settlement Thursday, 21 Aug 2014 | 8:32 AM ET
    A man uses an ATM at a Bank of America branch on April 16, 2014 in New York City.

    The long-anticipated settlement is expected to consist of a penalty of $9.6 billion and a package of consumer-relief measures valued at $7 billion.

  • ABU DHABI, Aug 21- Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.

  • Big BofA fine is government extortion: Kovacevich Thursday, 21 Aug 2014 | 7:55 AM ET
    Richard Kovacevich in 2007.

    "It's definitely politics. It has nothing to do with justice or restitution to the innocent victims," former Wells Fargo chief Dick Kovacevich says.

  • *Jackson Hole conference to begin. *Bank of America gains before expected settlement deal. NEW YORK, Aug 21- U.S. stock index futures edged higher on Thursday, ahead of a flurry of economic data and the start of the meeting of top central bankers and economists in Jackson Hole, Wyoming.

  • HONG KONG/ SHANGHAI, Aug 21- China's Bank of Communications Co Ltd said on Thursday it expects bad loans to rise this year as businesses in major manufacturing regions suffer in a slowing economy, the second big lender to make such a forecast this week.

  • G-20 edges towards 'bail-in' bond cushion for banks Thursday, 21 Aug 2014 | 7:26 AM ET
    Participants of the G20 Finance Ministers and Central Bank Governors' meeting on July 20

    Leaders are expected to agree that top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis.

  • Honing in on housing recovery     Thursday, 21 Aug 2014 | 7:19 AM ET

    Douglas Lebda, LendingTree CEO, and Roger Cregg, AV Homes CEO, share their take on the housing industry, mortgage lending and home construction. Jobs have the biggest impact on the industry, says Cregg.

  • Why BofA deal might not cost as much as you think Thursday, 21 Aug 2014 | 7:11 AM ET
    Bank of America branch in New York City

    How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.

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