Fares Noujaim, an executive vice chairman at Bank of America has left the company abruptly.» Read More
NEW YORK, Sept 18- Arab Bank Plc never provided material support for the Palestinian group Hamas, a lawyer for the bank told jurors on Thursday during closing arguments at the bank's civil trial on charges of financing terrorism.
NEW YORK— More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the stock market climbed to another record high. The gains came a day after the Fed made clear that it's in no hurry to raise a key bank lending rate, easing a major concern for the stock market.
NEW YORK, Sept 18 (Reuters)- Arab Bank Plc never provided material support for the Palestinian group Hamas, a lawyer told jurors on Thursday during closing arguments at the bank's trial on civil charges under the U.S. anti-terrorism law.
*Mechanical problems seen with diminished repo facility. *Central bank unveiled longer-term' normalization' plan. NEW YORK, Sept 18- No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.
Attorney General Eric Holder is intensifying the language surrounding mortgage fraud settlements. CNBC's Kate Kelly has the details.
A top Wall Streeter thinks the government is hurting the economic recovery by unfairly constraining banks and continuing bad policies.
WASHINGTON, Sept 18- The Federal Reserve on Thursday disciplined Spain's Santander over paying out a dividend without approval, as it tightens control of how foreign banks manage risk in the United States.
ZURICH, Sept 18- Switzerland's central bank vowed to vigorously defend a three-year-old cap on the Swiss franc which has come under pressure from a recent appreciation of the currency, but it stopped short of announcing concrete new measures for now.
NEW YORK, Sept 18- A lawyer for Arab Bank Plc urged U.S. jurors to find that it never provided material support for the Palestinian group Hamas, as closing arguments began on Thursday in a closely-watched terrorism financing trial.
The Fed took an enforcement against Santander, saying the bank should not pay out dividends without prior written approval.
WASHINGTON, Sept 18- The U.S. Federal Reserve on Thursday disciplined a U.S. unit of Spanish bank Santander after it paid out a dividend that the central bank had not approved. "Santander Consumer declared a cash dividend on its common stock payable in the second quarter of 2014, which was not specifically authorized in advance by the Federal Reserve," the Fed said.
WASHINGTON, Sept 18- The U.S. Federal Reserve on Thursday took an enforcement against a U.S. unit of Spanish bank Santander, saying the bank should not pay out dividends without prior written approval.
NEW YORK— A U.S. jury was asked Thursday to decide whether executives at Jordan- based Arab Bank should be held responsible for a wave of suicide bombings in the early 2000 s that left several Americans dead or wounded, part of a high-stakes legal offshoot of the Israeli-Palestinian conflict,.
NEW YORK— U.S. stocks are opening higher a day after the Federal Reserve made clear it would keep interest rates at record lows for a while. The Dow Jones industrial average rose 29 points, or 0.2 percent, to 17,186 in early trading Thursday, building on an all-time closing high from the day before.
FRANKFURT, Sept 18- The European Central Bank saw far less demand than expected on Thursday for its new four-year loans to banks, raising doubts about a stimulus package it hopes will stave off deflation and revive the euro zone economy.
LONDON, Sept 18- The Swiss franc and Norwegian crowns both gained after central bank meetings on Thursday, their moves a reflection of the greater volatility and activity that has begun to return to currency markets after a slack year.
NEW YORK, Sept 18- U.S. stock index futures were higher in light volume on Thursday, setting up the S&P 500 to test resistance at its record high, a day after the Federal Reserve said interest rates would remain low for a considerable while.
*SNB keeps franc cap, rates on hold. ZURICH, Sept 18- The Swiss National Bank toughened its stance on Thursday on defending a cap on the franc which has come under pressure from recent appreciation in the currency, but stopped short of announcing further measures for now.
Scottish voters make the ultimate decision in referendum on UK Applications for US unemployment benefits likely dropped last week US home construction expected to fall in August World stock markets modestly higher after Fed as Scotland votes on independence Stock market newcomer Alibaba leads wave of emerging Chinese tech success stories European Central Bank hands out first batch of cheap loans to banks in stimulus effort Hyundai Motor offers $10 billion for land in Seoul's Gangnam district as site for new HQ Fed keeps record-low rates for now, but investors, consumers, businesses face the inevitable US Federal Reserve policymakers considering a slightly faster rate rise in 2015
ISTANBUL, Sept 18- President Tayyip Erdogan denied on Thursday the existence of any concerted effort in Turkey to sink one of its banks, days after lender Bank Asya said it had been the target of a systematic campaign to undermine it.
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