What is the DOJ planning to do with the money its getting from Bank of America's settlement? Tom Fitton, Judicial Watch President, says some of the money is going to liberal activist groups.» Read More
Roger Weatherby, CEO of Weatherbys Bank and steward at the Jockey Club explains how the company evolved into a private bank and how it provides horse racing data to bookmakers around the world.
Daniel Lacalle, senior portfolio manager at Ecofin, and James Butterfill, global equity strategist at Coutts, discuss the European banking sector and whether banks would be able to pass a U.S. stress test.
SHANGHAI, April 1- China's yuan edged up against the dollar on Tuesday, taking cues from a slightly higher official mid-point fixed by the central bank, traders said.
Abdul Farid Alias, Group President and CEO of Maybank, hopes to boost revenue from the bank's overseas business to 40 percent of total income next year from 30 percent currently.
CHICAGO, March 31- Federal Reserve Chair Janet Yellen on Monday took a page from a politician's playbook to defend the U.S. central bank's easy-money policies, citing the struggles of three Americans in a speech and touring a college workshop to shake hands with students and teachers.
Judge said shareholders adequately alleged JPMorgan misled them about the bank's ability to manage risk before the losses surfaced.
LONDON, March 31- Global regulators aim to crack two of the biggest barriers to ending "too big to fail" banks by the end of this year, Financial Stability Board Chairman Mark Carney said on Monday. "We are looking to put ourselves in a position by Christmas to have cracked the two biggest issues," Carney told a reporters after an FSB meeting in London.
The U.S. dollar index of major currencies, coming off three days of gains, was down 0.11 percent to 80.089 in late afternoon New York trade after dipping below 80 in the wake of a speech in Chicago by Federal Reserve Chair Janet Yellen.
WASHINGTON, March 31- Top banks around the world benefit from an assumption that governments will rescue them during a panic, despite regulations meant to reduce the need for future bailouts, the International Monetary Fund said in a report on Monday.
*Asia stocks outside Japan hit highest level in 2014. NEW YORK, March 31- Stocks in major markets rose for a fifth straight session on Monday while gold, the yen and other safety assets fell after Federal Reserve Chair Janet Yellen reinforced the need for "extraordinary" commitment to support the U.S. economy.
FRANKFURT, March 31- Some of the yield-hungry investors pouring money into the financing of aeroplanes are likely to make losses, as they have pushed interest rates down to levels that sometimes do not reflect the risks, a leading lender to the sector forecast.
Russell Goldsmith, Chairman & CEO of City National Bank, shares his thoughts on how banking regulations are impacting regional banks. Neel Kashkari, (R-Calif.) gubernatorial candidate, weighs in.
*C.bank may let yuan depreciate to 6.25/ dollar- traders. SHANGHAI, March 31- China's yuan closed weaker against the dollar on Monday and posted its second-biggest monthly loss on record as the central bank kept up strong pressure on speculators and sought to curb hot money inflows.
*C.bank may let yuan depreciate to 6.25/ dollar- traders. SHANGHAI, March 31- China's yuan eased against the dollar on Monday after the central bank fixed its official mid-point at a six-month low for the second straight trading day, putting it on course for its second-biggest monthly loss on record.
Banks hoarding cash ahead of the ECB's new "stress tests" are holding back vital funding from euro zone businesses, according to consultancy EY.
NICOSIA, March 30- If John Hourican manages to drag Bank of Cyprus back from the brink of collapse, it would resurrect a financial institution, a national economy and his own career.
KANSAS CITY, Mo., March 28- A top Federal Reserve official who has often warned of the risks of keeping U.S. interest rates too low for too long said on Friday she wants to see how winding down the Fed's massive bond-buying stimulus goes before setting out any path for rate hikes.
In a new book due out Monday, the author casts a critical eye on high frequency trading, according to excerpts obtained by CNBC.
BERLIN, March 28- A drop-off in major currency market volatility may be due as much to banking regulations and a row over alleged manipulation as to ultra-low interest rates in the developed world, industry figures said on Friday.
MOSCOW, March 28- St Petersburg- based Bank Rossiya is to cease all foreign currency operations and work only with the Russian rouble in response to U.S. sanctions imposed last week, it said in a statement on Friday.
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