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  • JPM's ballooning mortgage payouts     Wednesday, 23 Oct 2013 | 11:58 AM ET

    While JPMorgan is facing a tentative $13 billion fine from the DOJ, they may also have a longstanding private investor suit that could result in a $6 billion payout. CNBC's Kate Kelly reports the details.

  • AMSTERDAM, Oct 23- Dutch lender Rabobank expects a fine from regulators over its alleged role in the manipulation of benchmark interest rates, which one source put at around $1 billion, in the next two weeks. A source familiar with negotiations between the bank and U.S., UK and Dutch authorities said the fine being discussed was around $1 billion.

  • *Omits rate-hike mention for first time since April 2012. OTTAWA, Oct 23- The Bank of Canada abandoned on Wednesday 18 months of warnings that interest rates will one day have to rise in a sharp policy shift that highlighted weaker-than-expected growth and inflation and pushed the prospect of higher rates further into the future.

  • Will the ECB's stress tests restore trust?     Wednesday, 23 Oct 2013 | 11:00 AM ET

    Simon Hills, executive director at the British Bankers' Association and Charlie Parker, investment editor at Citywire, discuss the pros and cons of the ECB's banking stress tests.

  • *Wall St slips after four-day record on S&P 500; Caterpillar weighs. Wall Street opened lower following four straight days of record highs for the S&P 500. Mixed results from major U.S. companies, including equipment maker Caterpillar Inc, which sank nearly 6 percent in early trade, pulled stocks lower.

  • *Wall St slips after four-day record on S&P 500; Caterpillar weighs. Wall Street opened lower following four straight days of record highs for the S&P 500. Mixed results from major U.S. companies, including equipment maker Caterpillar Inc, which sank nearly 6 percent in early trade, pulled stocks lower.

  • *Wall St slips after four-day record on S&P 500; Caterpillar weighs. Wall Street opened lower following four straight days of record highs for the S&P 500. Mixed results from major U.S. companies, including equipment maker Caterpillar Inc, which sank nearly 6 percent in early trade, pulled stocks lower.

  • ECB stress tests: What are the dangers?     Wednesday, 23 Oct 2013 | 10:45 AM ET

    Helmut Siekmann, professor at the Institute for Monetary and Financial Stability at Goethe University, argues that the stress tests could threaten the European recovery if too strict.

  • Spain news trumps stress tests     Wednesday, 23 Oct 2013 | 10:30 AM ET

    Holger Schmieding, chief economist at Berenberg Bank, highlights that with Spain returning to growth in the third quarter, all the euro zone countries that were bailed out are now out of recession.

  • *ECB to conclude assessment in Oct 2014. FRANKFURT, Oct 23- The European Central Bank promised on Wednesday to put top euro zone banks through rigorous tests next year, staking its credibility on a review that aims to build confidence in the sector.

  • *BoC omits mention of rate hikes for first time since April 2012. OTTAWA, Oct 23- The Bank of Canada abandoned on Wednesday an 18- month stretch of rate-hike talk in a dramatic policy shift that highlighted lower-than-expected growth and the risk of persistently weak inflation.

  • Mario Draghi: European banks are fragile     Wednesday, 23 Oct 2013 | 10:06 AM ET

    CNBC's Geoff Cutmore speaks with ECB president, Mario Draghi, about European banks, the ECB's role as a banking supervisor and the risk of Europe falling back into a recession.

  • Mario Draghi: Transparency is key objective     Wednesday, 23 Oct 2013 | 10:04 AM ET

    CNCB's Geoff Cutmore speaks with ECB president, Mario Draghi, about European banks. Draghi says the primary objective of tests is increasing banks transparency.

  • Draghi: Europe needs banking transparency     Wednesday, 23 Oct 2013 | 10:00 AM ET

    Mario Draghi, president of the ECB, discusses the "uneven and fragile" European recovery and the need for transparency in the banking sector.

  • Draghi: Taxpayers needn't worry     Wednesday, 23 Oct 2013 | 10:00 AM ET

    Mario Draghi, president of the ECB, says he is confident about putting backstops in place for banks, and how the U.K needs to remain in the European Union.

  • How the ECB stress tests will hit markets     Wednesday, 23 Oct 2013 | 10:00 AM ET

    Riccardo Barbieri, chief European economist at Mizuho International and Andrew Peaple, deputy European editor at the Wall Street Journal's Heard on the Street, comment on the ECB stress tests.

  • The truth about that awful JPMorgan settlement Wednesday, 23 Oct 2013 | 8:50 AM ET
    Workmen raise the JP Morgan Chase Inc. flag outside company headquarters in New York.

    When you have banks of unprecedented size, you have to expect unprecedented fines.

  • LONDON, Oct 23- Copper fell more than 1.5 percent on Wednesday as fears of tighter monetary policy in top metals user China outweighed speculation that tepid U.S. jobs data will deter the Federal Reserve from tapering its stimulus this year. China consumes about 40 percent of the world's copper.

  • *European shares down 0.8 pct, Wall Street seen opening down 0.5 pct.

  • AMSTERDAM, Oct 23- Rabobank may face a fine of roughly $1.0 billion over its alleged role in the manipulation of benchmark interest rates, the second-biggest penalty in a global investigation. Rabobank, Britain's Financial Conduct Authority, the Dutch central bank and the U.S. Commodity Futures Trading Commission declined to comment.

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