Simon Maughan, head of product specialist group at OTAS Technologies, says the European Central Bank's asset quality review has "more credibility" than anything before.» Read More
NEW YORK, Sept 16- U.S. stocks rose on Monday after former Treasury Secretary Lawrence Summers' withdrew as a candidate for Federal Reserve chairman, removing market uncertainty about a long confirmation process that already had plenty of opposition.
John Thain, CIT Group chairman & CEO, shares his thoughts on the 5-year anniversary of the financial crisis and what needs to be done to prevent it from occurring again.
NEW YORK, Sept 16- U.S. stocks rose sharply at the open on Monday as investors bet that former Treasury Secretary Lawrence Summers' withdrawal as a candidate for Federal Reserve chairman could mean slower tapering of stimulus by the U.S. central bank.
Foreign banks are pushing to raise billions of dollars from expatriate Indians in response to New Delhi's drive to defend its weak currency.
NEW YORK, Sept 16- Wall Street was set to rise 1 percent at the open on Monday as investor bets that the former Treasury Secretary Lawrence Summers' withdrawal as a candidate for Federal Reserve chairman could mean slower tapering of stimulus by the Fed.
LONDON, Sept 16- Gold fell around one percent on Monday, with markets expecting the Federal Reserve to begin tapering its commodity-boosting monetary stimulus as soon as this month despite the withdrawal of Lawrence Summers from the race to head the U.S. central bank.
Former Sen. Chris Dodd (D-CT) and former Rep. Barney Frank (D-MA) discuss how key components of regulatory reform will protect consumers.
Chris Dodd, Motion Picture Association of America, chairman & CEO, and former Rep. Barney Frank, (D-MA), discuss financial regulatory reform and the state of the U.S. economic recovery.
NEW YORK, Sept 13- U.S. stock index futures rose on Monday as investor bet that the exit of Lawrence Summers as a candidate for chairman of the Federal Reserve could mean a slower tapering of monetary stimulus by the U.S. central bank.
*Danske Bank says to replace CEO Kolding. COPENHAGEN, Sept 16- Denmark's biggest lender Danske Bank ousted Chief Executive Eivind Kolding after one-and-a-half years in the job, a period when the bank had no profit growth and was widely criticised over a new advertising campaign.
LONDON, Sept 16- Gold slipped on Monday, with markets expecting the Federal Reserve to begin tapering its commodity-boosting monetary stimulus as soon as this month despite the withdrawal of Lawrence Summers from the race to head the U.S. central bank.
Former Rep. Paul Kanjorski, (D-PA), discusses how lawmakers responded to the nation's financial crisis five-years ago and the unfinished business of the Dodd-Frank Act.
LONDON, Sept 16- The U.S. dollar slid while bonds and shares rallied on Monday after the withdrawal of Lawrence Summers from the race to head the Federal Reserve suggested a more gradual approach to tightening monetary policy.
NEW DELHI, Sept 16- India's headline inflation shot to a six-month high in August, driven by a 245 percent annual jump in onion prices, hardening the case for central bank governor Raghuram Rajan to keep interest rates high at his first policy meeting later this week.
SINGAPORE, Sept 16- Foreign banks will provide upfront financing for wealthy non-resident Indian clients to entice them to place bulky dollar deposits back home in response to India's drive for dollar funding to defend its weak currency, sources told Reuters.
Dubai property prices have rebounded this year and the emirate's main stock index is up 64 percent year-to-date. This has prompted at least several companies to consider listings; in addition, the Dubai government said this year it would make a big effort to develop its Islamic finance sctor.
Oliver Burrows, senior banks analyst at Rabobank, tells CNBC that banking union is very political.
*CBRC encourages innovation but urges caution. BEIJING/ SHANGHAI, Sept 16- China's banking watchdog has encouraged banks to develop new products but urged them to minimise risks in the sector, setting the latest official tone on financial innovation and reform.
LONDON, Sept 16- European stocks rallied on Monday on expectations the Federal Reserve would keep an easier monetary policy for longer after Lawrence Summers, widely regarded as the most hawkish candidate to head the central bank, withdrew from the race.
Michel Barnier, EU commissioner for internal markets, tells CNBC that there's not much to celebrate five years on from Lehman.