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
WASHINGTON/ SAN FRANCISCO, Nov 4- The Federal Reserve should scale back its asset purchase program only when the U.S. economy improves and even then only slowly, one senior U.S. central banker said on Monday.
NEW YORK/ LONDON, Nov 4- Gold rose in quiet trade on Monday, lifted by a dollar drop and comments by a senior Fed official that the U.S. central bank should keep up its monetary stimulus. Gold prices were supported after St.
*Gold, oil seen vulnerable to Fed tapering expectations. NEW YORK, Nov 4- Major world stock indexes mostly rose on Monday, with the S&P 500 poised to extend a four-week winning streak, while European manufacturing data helped the euro recover from a six-week low.
*Gold, oil seen vulnerable to Fed tapering expectations. LONDON, Nov 4- Robust euro zone factory data lifted the single currency off a six-week low on Monday and boosted shares, but did little to shift expectations that the European Central Bank was about to signal a policy easing.
*All eyes on ECB meeting amid talk of policy loosening. LONDON, Nov 4- Gold edged higher on Monday as the dollar retreated but stayed under pressure from talk the European Central Bank may loosen monetary policy and speculation the Federal Reserve may scale back U.S. stimulus later this year.
*HSBC up on strong quarterly earnings. *Ryanair, Weir fall on profit warnings. LONDON, Nov 4- Shares in banking heavyweight HSBC gained on Monday on strong results, in a rising market supported at five-year highs by expectations of additional monetary stimulus from the European Central Bank.
BRUSSELS, Nov 4- The European Union is considering using an EU fund for non-euro zone states with balance of payments problems as a backstop for banks in those countries that fail regionwide financial health checks, EU officials said. Around 13 billion euros was disbursed to support Romania, Hungary and Latvia over the past three years.
*All eyes on ECB meeting amid talk of policy loosening. LONDON, Nov 4- Gold prices eased on Monday on talk that the European Central Bank may loosen monetary policy this week and as speculation revived that the U.S. Now December is back on the agenda, " Societe Generale analyst Robin Bhar said.
LONDON, Nov 4- Increased prospects of a European Central Bank interest rate cut this year sent the euro to a six-week low on Monday and boosted the region's share markets, which extended gains on robust manufacturing data.
James Ferguson, founding partner at The MacroStrategy Partnership, comments on HSBC's latest results and says the bank is "pretty robust" and a "good yielder".
*Westpac's cash profit A $7.1 bln in line with consensus. *Westpac final dividend A $0.88 vs A $0.84 a year earlier. SYDNEY, Nov 4- Westpac Banking Corp notched up record profits and unveiled a special dividend in a stellar year for Australian banks, and expectations are high that the industry will deliver more earnings growth in 2014..
HONG KONG, Nov 4- China's yuan was little changed against the dollar on Monday after the central bank set a slightly weaker midpoint for the sixth consecutive day, signalling its intention to keep the yuan stable for now, traders said.
Francis Lun, CEO at GEO Securities says the cost of compliance will affect banks earnings for years to come.
BEIJING, Nov 4- China's banking regulator pledged to work harder to head off the risks of a possible rise in non-performing loans, in particular from industries plagued by overcapacity.
*Westpac's cash profit A $7.1 bln in line with consensus. *Westpac final dividend A $0.88 vs A $0.84 a year earlier. SYDNEY, Nov 4- Westpac Banking Corp notched up record profits and unveiled a special dividend in a stellar year for Australian banks and expectations are high that the industry will deliver more earnings growth in 2014..
A deal has been reached to settle the landmark insider-trading case against SAC Capital Advisors, people familiar with the matter said.
Even as the euro zone shows faint signs of stirring, the ECB is likely to send a dovish message that more monetary help will be on the way.
*Chinese Communist Party meeting to set economic path. LONDON, Nov 3- Even as the euro zone economy shows faint signs of stirring, the European Central Bank is likely to send a dovish message this week that more monetary help will be on the way before long.
VELIZY, France, Nov 3- Installation art, interactive walls and a robot doorman; the flagship branches of the world's top banks have come a long way from the iron grilles and potted plants of old.
NEW YORK, Nov 1- Most global equity markets slipped on Friday despite upbeat factory data worldwide, while the euro fell to a two-week low against the dollar on growing expectations the European Central Bank will ease monetary policy further to encourage growth.
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