Kelly King, BB&T chairman and CEO, reacts to the role mortgage lending played in its weak quarterly report. King says the current yield curve reflects a slow economy.» Read More
SINGAPORE, Nov 20- Gold was trading in a tight range on Wednesday as investors awaited the release of the minutes of a Federal Reserve policy meeting later in the session for clues on when the bank will trim its stimulus. *Spot gold was largely unchanged at $1,274.06 an ounce by 0023 GMT.
*China signals willingness to tolerate stronger yuan. SYDNEY, Nov 20- Pressure on the yen showed no signs of letting up on Wednesday, with the euro climbing to a four-year peak and the dollar holding onto overnight gains even after more dovish comments from top Federal Reserve officials.
WASHINGTON, Nov 19- Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy U.S. monetary policy for as long as needed and will only begin to taper bond buying once it is assured that labor market improvements would continue.
WASHINGTON, Nov 19- Four bank lobbying groups have asked the Obama administration for a six-month delay in the start of an anti-tax evasion law set to begin on July 1, 2014, saying that banks and other financial institutions need more time to prepare.
LONDON, Nov 19- Top investment managers expect further monetary easing from the European Central Bank in 2014 to support the euro zone economy at a time when the Federal Reserve is set to withdraw stimulus in the United States.
JPMorgan Chase will pay $13 billion in a long-awaited deal with the Justice Department to settle claims over the financial crisis.
CNBC's Kate Kelly reports on the nearing JPMorgan and DOJ settlement that would end a series of lawsuits stemming back to mortgage bonds issued before the financial crises.
NEW YORK, Nov 19- World stock markets mostly dipped on Tuesday after the OECD cut its global growth forecasts, though expectations for continued stimulus from the U.S. Federal Reserve helped Wall Street pare early losses.
The managing director of the European Stability Mechanism, Klaus Regling, insisted that Spain's exit from its bank bailout program was not premature.
Klaus Regling, managing director at the European Stability Mechanism, discusses the European banking union and the roles the ECB and the European Stability Mechanism could play.
CNBC's Jane Wells reports why the settlement announcement from the Justice Department and JPMorgan is being made out of Sacramento.
CNBC's Kate Kelly reports on the breakdown of the JPM fine.
A settlement between the DOJ and JPMorgan will be announced any moment. Tom Ajamie, attorney at Ajamie LLP, provides perspective.
As the US threatened to default on its debt, banks spent millions of dollars on contingency planning and even prepared to underwrite federal benefits.
The "Squawk on the Street" news team discuss the expected settlement announcement between JPMorgan and the DOJ, stemming from the financial crises and mortgage backed securities.
The expected JPM settlement shows "this government cannot be trusted when it asks an institution to come to the rescue," former prosecutor Jacob Frenkel tells CNBC.
BRUSSELS/ FRANKFURT, Nov 19- A leading international think-tank urged the European Central Bank on Tuesday to loosen the purse strings further and buy euro zone government and corporate bonds to accelerate a weak recovery. One of the bank' hawks, Joerg Asmussen, said separately that more action was possible, but only if deemed necessary.
*Gold flat after 1.2 percent drop on Monday. LONDON, Nov 19- Gold inched down on Tuesday, struggling to stabilise after sharp losses seen in the previous session, as investors gauged Federal Reserve officials' comments about the outlook for easy monetary policy and the strength of the U.S. economy.
Former Federal prosecutor Jacob Frenkel addresses why the DOJ and JPMorgan have to work out this deal, and shares his view of what happened. "The DOJ will not shut down the bank," he says.
FRANKFURT, Nov 18- Europe needs to stop propping up ailing banks and also have the courage to tackle lenders viewed as "too big to fail" if it wants to repair its financial sector and restore growth, leading bankers and regulators said on Monday.
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