Muddled by inconsistent earnings and stock performances, one sector appears tougher and tougher to predict, CNBC's Jim Cramer says.» Read More
*Only Germany, Austria have funds set aside for recapitalisation. BRUSSELS, Dec 4- Euro zone governments have set aside almost no money to make good on their promise to recapitalise ailing banks after a health check next year.
Dec 4- National Bank of Canada, the country's sixth-largest lender, announced a 2- for-1 stock split and raised its dividend after reporting a 4 percent fall in fourth-quarter profit. The bank raised its quarterly dividend to 92 Canadian cents per share from 87 Canadian cents.
CAIRO, Dec 4- Egypt expects to receive more aid from Gulf states, the central bank governor said on Wednesday, on top of the $12 billion they have pledged since the army deposed Islamist President Mohamed Mursi in July. Asked whether he anticipated more Gulf aid, Central Bank Governor Hisham Ramez said: "Yes we do...
LONDON, Dec 4- Asia- focused bank Standard Chartered warned that profit is likely to fall this year after a slowdown in Asian growth over the past five months. Standard Chartered shares were down 4.5 percent at 0837 GMT, the biggest faller on the pan-European FTSEurofirst 300 index.
SAN FRANCISCO, Dec 3- The Federal Reserve has more reason than ever to cut a key U.S. lending rate it has kept at just above zero since the depths of the financial crisis, a top Fed policymaker suggested on Tuesday.
European shares suffered their biggest falls since August while Wall Street retreated for a third straight day on Tuesday, dropping from record levels as investors took profits. But after the Fed signalled tapering in May, investors are focusing on them, "said Daisuke Uno, chief strategist at Sumitomo Mitsui Banking Corp..
SAN FRANCISCO, Dec 3- The Federal Reserve needs to be more aggressive in providing detail on what would lead it to eventually raise interest rates in order to prevent uncertainty among investors that could rile markets and hurt the economic recovery, a top Fed official said on Tuesday.
WASHINGTON, Dec 3- Wall Street banks will get the final decision about a controversial ban on betting with their own money next week after years of debate, as three U.S. regulators each announced meetings to vote on the Volcker rule.
SAN FRANCISCO, Dec 3- Concerned that investors are still not getting the Federal Reserve's message that interest rates will stay low even after the Fed stops buying bonds, a top official of the U.S. central bank on Tuesday called for the Fed to provide more details soon on what would lead it to eventually raise interest rates.
NEW YORK, Dec 3- U.S. Treasuries prices rose on Tuesday, bolstered by two bouts of bond purchases from the Federal Reserve and a slump in Wall Street stocks partly on worries about the Federal Reserve reducing stimulus sooner than some traders think.
WASHINGTON, Dec 3- The U.S. Federal Reserve and the Federal Deposit Insurance Corp. both announced they would hold Dec. 10 board meetings to vote on the so-called Volcker rule, which bans banks from making bets with proprietary funds.
EU regulators will fine banks including Citigroup and Deutsche Bank for rigging Libor and Tibor becnhmarks, a person familiar with the matter said.
The Fed's Jeffrey Lacker says banks are likely to cut back on risky short-term funding if markets believe bankruptcy not bailouts await them.
CNBC's Kayla Tausche explains how lower bank revenues are impacting compensation bonuses this year.
LONDON, Dec 3- Global banking regulators are expected to ease a new capital rule due in 2018 to rein in risky balance sheets after U.S. complaints, two regulatory and banking sources said on Tuesday. The Basel Committee on Banking Supervision published a proposal in June to flesh out a leverage ratio that banks will have to introduce in January 2018.
WASHINGTON, Dec 3- U.S. banks are likely to cut back on risky short-term funding if markets believe bankruptcy not bailouts await them, a top Federal Reserve is set to tell lawmakers on Tuesday.
VIENNA/ MOSCOW, Dec 3- The political crisis in Ukraine, sparked by an East-West power struggle in which Moscow has gained the upper hand, is increasing the risk to the country's financial system and creating a particularly acute headache for Russian banks.
A former Goldman Sachs trader who pleaded guilty to fraudulently building a futures trade should repay $118 million to his former employer, U.S. prosecutors said.
JP Morgan received 7 million pounds ($11 million) in fees for advising the Co-operative Bank on its takeover of the Britannia, one of its top executives told lawmakers.
Global investment banks are set to cut pay for the third year in a row despite a rise in profits, the FT reports.