China's banks this week found themselves turning away would-be depositors as they scrambled to comply with new rules. The Financial Times reports.» Read More
Five months after its initial terms were set, a historic criminal settlement between SAC Capital and prosecutors was approved Thursday.
JPMorgan will kick off the bank earnings parade on Friday. CNBC's Kayla Tausche provides a forecast.
Money managers Martin Sass and Susan Byrne lay out their best stock picks in the "Squawk Box" Platinum Portfolio challenge. They like some health care companies.
Smaller subprime mortgage servicers such as Nationstar benefits from bigger banks leaving the subprime business, Legg Mason's chief investment officer told CNBC on Thursday.
Gerard Cassidy, RBC Capital Markets, provides a sense of what to expect when banks begin to report quarterly earnings on Friday. The industry is in much better shape than people realize, says Cassidy, explaining why he likes the growth play on Citi.
A New York judge is set to sentence SAC Capital after it pleaded guilty to criminal fraud charges in a $1.8 billion deal with the government.
The Fed's drive to wean Wall Street off risky funding sources is expected to bring more pain to the biggest U.S. banks in the coming months.
LONDON, April 10- A Deutsche Bank employee responsible for its foreign exchange business with central banks was suspended because the bank identified potentially inappropriate communication with the Monetary Authority of Singapore, a source familiar with the matter said on Thursday.
FRANKFURT, April 10- Deutsche Bank will ask shareholders to approve raising limits on executive bonuses for 2014 as required by new European rules, according to an agenda for the bank's annual shareholder meeting to be held on May 22. Deutsche Bank said it did not aim to increase total compensation with the request.
*Markets take soft China data in stride. TOKYO, April 10- Asian shares look to extend recent solid gains on Thursday after minutes of the Federal Reserve's latest policy meeting suggested the Fed may be more cautious towards raising interest rates than markets had thought.
*Toyota falters on recall of vehicles, BoFA Merrill cuts rating. Federal Reserve eased worries over the timing of rate hikes, though Toyota Motor extended losses as investors punished it for its latest global recall of vehicles.
*Fed minutes show officials concerned about "overreaction" in markets. TOKYO, April 10- Asian shares look to extend recent solid gains on Thursday after minutes of the Federal Reserve's latest policy meeting suggested the Fed may be more cautious towards raising interest rates than markets had thought.
As a result, the dollar index has just about relinquished all of its gains made since the head of the U.S. central bank on March 19 suggested that interest rates may rise as soon as early next year.
Jamie Dimon, chief executive of JPMorgan Chase, has warned that customers will face more costly credit or be denied certain financial products as a result of tougher regulation.
WASHINGTON, April 9- Russia's central bank made the right decision to defend the rouble in the short term and prevent excessive volatility in the exchange rate when the Ukraine crisis escalated, a senior official at the World Bank said on Wednesday.
Concerns may be rising over potential China bond defaults, but the risks may be exaggerated, Deutsche Bank said after combing through bond issuers.
*Traders now see first Fed rate hike in July 2015. WASHINGTON/ SAN FRANCISCO, April 9- Federal Reserve officials fretted last month that investors would overreact to policymakers' fresh forecasts on interest rates that appeared to map out a more aggressive cycle of rate hikes than was actually anticipated.
The Department of the Treasury announced plans to sell 95 million shares of Ally Financial Inc. to raise $2.38 billion in the company's IPO.
NEW YORK, April 9- U.S. stocks rallied on Wednesday after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than investors had previously expected.
*Traders now see first Fed rate hike in July 2015. WASHINGTON/ SAN FRANCISCO, April 9- Federal Reserve officials fretted last month that investors would overreact to fresh forecasts that appeared to map out a more aggressive cycle of interest rate increases than policymakers actually anticipated.
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