A "tougher" Volcker rule takes aim at executives, should the firms have lapses in oversight, according to people familiar with the matter.» Read More
BERLIN, Dec 7- European Central Bank board member Joerg Asmussen has backed German Finance Minister Wolfgang Schaeuble's call for governments to keep scrutinising the banking sector despite complaints that they have already gone far enough.
CHICAGO, Dec 6- A top Federal Reserve official, who has been one of the most ardent supporters of the U.S. central bank's bond-buying stimulus program, said he was open to curtailing the purchases this month, although he would prefer to wait.
Dec 6- A federal judge has granted final approval to Bank of America Corp's record $500 million settlement with investors who claimed they were misled by the bank's Countrywide unit into buying risky mortgage debt. Countrywide had been the largest U.S. mortgage lender before Bank of America bought it in July 2008.
CHICAGO, Dec 6- A top Federal Reserve official said on Friday he was "open-minded" to the idea of reducing the U.S. central bank's bond purchasing stimulus program this month, but he would like to see a stronger labor market first.
CHICAGO, Dec 6- A top Federal Reserve official said on Friday he would ideally like to see more signs of recovery in the labor market before the U.S. central bank reduces its bond-buying stimulus program, although he was open-minded.
*Fourth-quarter adjusted profit C $1.31 vs est C $1.32. TORONTO, Dec 6- Bank of Nova Scotia reported a 12 percent rise in quarterly profit due to its acquisition last year of online bank ING Direct, but results were marred by a sluggish performance at its international unit.
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "The market reacted pretty violently to the report and I think a lot of people got caught in the hole," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.
*Analysts bank on earnings rebound despite downgrade trend. LONDON, Dec 6- Equity analysts are predicting double-digit growth in European earnings in 2014, banking on economic recovery to fuel a rebound despite seeing similarly rosy forecasts confounded for two years running.
LONDON, Dec 6- Crowded junk corporate bond markets may be most vulnerable to what could be the main outlying risk of 2014: a Federal Reserve that is slow to withdraw monetary stimulus and forced to play catch-up.
LONDON, Dec 6- The dollar rose against basket of currencies on Friday, with its short term fortunes riding on whether key U.S. jobs data can bolster the case for the Federal Reserve to start scaling back monetary stimulus.
Germany's Bundesbank raised its forecast for growth of the euro zone's largest economy this year and next on Friday.
*Yuan may hit record highs, but seen capped around 6.05/ dollar- traders. SHANGHAI, Dec 6- China's yuan strengthened against the dollar on Friday after the central bank set a record high official midpoint, a move traders said signalled that the bank is ready to allow the currency to end the year with another rally.
SYDNEY/ SINGAPORE, Dec 6- The dollar hovered near a five-week low versus a basket of currencies on Friday, with its near-term fortunes riding on whether key U.S. jobs data will bolster the case for the Federal Reserve to start scaling back its monetary stimulus.
TOKYO, Dec 6- JGB prices dropped on Friday, with the 10- year yield rising to seven-week highs, after expectations the U.S. Federal Reserve could soon pare its bond-buying programme lifted U.S. and European bond yields. Investor demand for these new bonds is strong, as the Bank of Japan's massive bond buying is leading to a shortage of bonds, market players said.
A US judge is considering an alternative that could result in Bank of America paying much less than the $863.6 million the government is seeking.
SYDNEY, Dec 6- The euro traded at five-week highs against the dollar early in Asia on Friday, having powered higher overnight after the European Central Bank gave no fresh indication that it would ease policy anytime soon.
TORONTO, Dec 5- Royal Bank of Canada Chief Executive Gordon Nixon will step down next summer after 13 years at the helm of Canada's largest bank, handing the reins to the RBC's retail banking head, Dave McKay, the bank said on Thursday. Nixon is the longest-serving of Canada's current crop of bank CEOs, but at 56, by no means the oldest.
The retail sector has become competitive in Canada, says Ed Clark, TD Bank Group CEO and president. As for TD Bank, Clark says the market has gotten past its "soft" insurance and wholesale business performance.
OTTAWA, Dec 5- Bank of Canada Senior Deputy Governor Tiff Macklem is resigning in May 2014 to become dean of a business school in Toronto, the central bank said on Thursday, some six months after Macklem was passed over for the job of governor.
In a CNBC exclusive interview, Gordon Nixon, Royal Bank of Canada president & CEO, discusses his decision to step down as CEO of Canada's largest bank and touches on the slowdown in the banking retail business.