GO
Loading...

Banks

More

  • SYDNEY/ TOKYO, Dec 22- The euro probed fresh two-year lows early on Monday in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar that many traders say will remain intact in the new year. Speculation is high that the European Central Bank will be forced to expand its asset-buying program to include sovereign...

  • BRUSSELS, Dec 20- The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday. The Belgian central bank chief said the bank had already waited too long, and that this could be one tool to spur economic activity in...

  • SHANGHAI, Dec 20- China has cut red-tape for foreign bank branch openings and entry into renminbi business, state media said on Saturday, the latest in a series of measures to liberalise the banking sector. Banks now no longer have to first establish a China representative office before setting up other branches. China has been working to liberalise its...

  • US regulators close small Minnesota bank Friday, 19 Dec 2014 | 7:38 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over Northern Star Bank, based in Mankato, Minnesota. BankVista, based in Sartell, Minnesota, agreed to assume all of Northern Star Bank's deposits and to purchase essentially all of the failed bank's assets. Northern Star Bank's failure is expected to cost the federal deposit insurance fund $5.9...

  • Kocherlakota warns Fed of 'unacceptable' risk Friday, 19 Dec 2014 | 6:23 PM ET

    WASHINGTON— One of three Fed officials who dissented in the Fed's policy decision this week is warning that the central bank is taking an "unacceptable" risk by not paying more attention to the dangers posed by low inflation. Narayana Kocherlakota, the president of the Fed's regional bank in Minneapolis, said Friday that the Fed's failure to respond to weak...

  • NEW YORK, Dec 19- The U.S. dollar hit its highest level against major currencies in over 8-1/ 2 years on Friday on diverging monetary policy between the Federal Reserve and other major central banks, and bullish dollar positions heading into the end of the year. The euro hit a 28- month low against the greenback, while the dollar hovered near a 28- month high against...

  • MOSCOW, Dec 19- Russia's central bank said on Friday it had raised the limit on foreign exchange swap operations to $10 billion from $2 billion for Dec. 19 to alleviate a shortage of roubles in the money market. "This measure contributes to narrowing the spread between the interbank market rates and the Bank of Russia key rate," the central bank said in a statement.

  • SAN FRANCISCO, Dec 19- U.S. inflation will likely still be "well below" the Federal Reserve's 2- percent target next year, but that won't stop the central bank from raising interest rates, a top policymaker said on Friday. "I would say at this point that June 2015 seems like a reasonable starting point for thinking about when liftoff could happen," San Francisco Federal...

  • MEXICO CITY, Dec 19- Mexican central bankers worry that a sustained weakening of the peso could stoke inflation and say risks to growth and prices have deteriorated on falling oil prices, slack consumer demand and weak economic activity, minutes showed on Friday. The central bank intervened on Dec. 11, selling $200 million to prop up the currency.

  • Volcker critical of delays in namesake rule Friday, 19 Dec 2014 | 12:33 PM ET

    WASHINGTON— Former Federal Reserve Chairman Paul Volcker on Friday criticized a decision to delay full implementation of a rule that bears his name and aims to curb banks' risky investments. The Fed said Thursday that it would delay until July 2017 the deadline by which U.S. banks will have to sell off potentially volatile holdings in private equity, venture...

  • FRANKFURT, Dec 19- The European Central Bank will not hesitate to act if needed, ECB Executive Board member Peter Praet said in an opinion piece on Friday, touching on the possibility of the central bank buying sovereign bonds. With euro zone inflation at 0.3 percent, far below the ECB's target of just under 2 percent, the central bank is ready to review its policy...

  • The euro hovered near a 28- month low against the greenback, while the dollar touched a more than one-week high against the yen in a continuation of dollar strength on the back of the Fed's hints at tighter monetary policy on Wednesday and looser policies in Europe, Japan and Switzerland. "Looking into 2015, the prospect of European Central Bank quantitative...

  • First Niagara to lay off up to 200 in 4 states Friday, 19 Dec 2014 | 9:36 AM ET

    BUFFALO, N.Y.— First Niagara Financial Group Inc. says it will eliminate up to 200 jobs companywide in a move aimed at better serving customers and boosting competitiveness. The Buffalo- based bank announced Thursday that it will cut 150 to 200 management positions at its operations in New York, Pennsylvania, Massachusetts, and Connecticut.

  • HONG KONG, Dec 19- Hong Kong's de facto central bank said it found no evidence of rigging in Hong Kong's foreign exchange benchmark following an 18- month investigation into the trading operations of 10 banks. However, it identified "inappropriate" behavior by individual traders at Standard Chartered and Deutsche Bank. The HKMA began the investigation into...

  • MOSCOW, Dec 19- Russia's lower house of parliament passed a draft law that would give the banking sector a capital boost of up to 1 trillion roubles on Friday, part of measures to shield banks from Western economic sanctions. Russia's financial sector is reeling from the country's slide towards recession and Western sanctions over the Ukraine crisis that have...

  • MOSCOW, Dec 19- Russia's lower house of parliament passed on Friday a draft law that would give the banking sector a capital boost of up to 1 trillion roubles. It will now need to be passed by the upper house of parliament and then signed into law by President Vladimir Putin. The draft law is seen as a response to a dramatic slide in the rouble and Western sanctions over...

  • MOSCOW, Dec 19- Russian Finance Minister Anton Siluanov said on Friday that because of the rouble's slide the country's banks have insufficient capital to meet their capital adequacy ratios. The rouble is down around 45 percent against the dollar so far this year. Russia's government has submitted a draft law to parliament that could grant the banking sector a...

  • BANGKOK, Dec 19- Bangkok Bank PCL and Siam Commercial Bank will offer a $1.51 billion bridge loan to Thai Union Frozen Products to finance the purchase of U.S. tuna firm Bumble Bee Seafoods, executives from the two banks said. A senior executive at Bangkok Bank confirmed that Thailand's top lender would participate in providing the loan to Thai Union.

  • *Asia shares buoyed as Wall St surges for second day. SYDNEY, Dec 19- Japanese stocks led Asian markets higher on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates. In Asia, Japan's Nikkei climbed 1.9 percent to erase much of it's recent losses, while Australia's...

  • Fed gives banks more time to sell risky holdings Thursday, 18 Dec 2014 | 6:21 PM ET

    WASHINGTON— The Federal Reserve is delaying by two years a requirement that U.S. banks sell off their riskiest investments such as stakes in private equity and hedge funds. Banks say they need more time to complete the sales. The Fed said Thursday that it plans to extend from July 2015 to July 2017 the deadline by which banks will have to sell their stakes.

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More