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  • WASHINGTON, Dec 3- The Federal Reserve is only in the early stages of developing a set of macroprudential tools to ensure financial stability and faces limits because of the divided nature of U.S. financial sector oversight, Fed governor Lael Brainard said on Wednesday. "While the Federal Reserve has an inherent responsibility for financial stability, it has an...

  • CHARLOTTE, N.C., Dec 3- The Federal Reserve is at risk of letting too much data put it "behind the curve" on raising interest rates, a top Fed official said on Wednesday, adding that inflation pressures would build the longer the central bank waited for "lift-off." "We're always going to get more data. And if you allow that to freeze your policy-making process, you're always...

  • WASHINGTON, Dec 3- U.S. economic activity continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve said on Wednesday. "In early November, oil and gas exploration activity decreased in North Dakota and increased in Montana relative to a month earlier; production remained at record levels," the Fed said. "

  • WASHINGTON, Dec 3- U.S. economic activity continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve said on Wednesday. In its Beige Book report of anecdotal information on business activity collected from contacts nationwide on or before Nov. 24, the U.S. central bank said a number of its districts...

  • Cyber insurance will not stop hackers, but it can help banks improve their broader cyber controls, Treasury Deputy Secretary Sarah Bloom Raskin told the Texas Banker's Association at a cybersecurity conference. The Federal Bureau of Investigation warned that hackers have used malicious software to launch destructive attacks on companies, following a...

  • CHARLOTTE, N.C., Dec 3- The Federal Reserve's policy of keeping interest rates at near zero is unprecedented and risky, a top Fed official said on Wednesday, given that inflation is heading toward the central bank's goal and the U.S. economy is approaching full employment. Philadelphia Federal Reserve Bank President Charles Plosser said the Fed's preferred...

  • At BNY, Trian scores another win for activists Wednesday, 3 Dec 2014 | 11:47 AM ET
    The Bank of New York Mellon on Wall Street, New York.

    Activist investor Trian Fund Management secured another partial victory on Tuesday by landing a seat on the board of BNY Mellon.

  • NEW YORK, Dec 3- The U.S. dollar demonstrated broad-based strength on Wednesday, bolstered by more upbeat comments on the U.S. economy by a Federal Reserve official ahead of a European Central Bank meeting that may result in more monetary easing measures. "The forcefulness of these moves in the dollar are being driven by Fed rate rise expectations but also perhaps...

  • TORONTO, Dec 3- Royal Bank of Canada reported a stronger fourth-quarter profit on Wednesday as gains at its core personal and commercial banking and wealth management businesses offset weakness at its capital markets arm. Canada's largest bank reported net income of C $2.3 billion, or C $1.57 a share on a fully diluted basis, for the fourth-quarter ended Oct. 31,...

  • TORONTO, Dec 3- Royal Bank of Canada reported a stronger fourth-quarter profit on Wednesday as gains at its core personal and commercial banking and wealth management businesses offset weakeness at its capital markets arm. Canada's largest bank reported net income of C $2.3 billion, or C $1.57 a share, for the fourth-quarter ended Oct. 31, compared with C $2.1...

  • TORONTO, Dec 3- Royal Bank of Canada reported a stronger fourth-quarter profit on Wednesday, helped by double-digit earnings gains at its wealth management arm. Canada's largest bank reported net income of C $2.3 billion, or C $1.57 a share, for the fourth-quarter ended Oct. 31, compared with C $2.1 billion, or C $1.40 a share, a year earlier. The bank said cash diluted...

  • LONDON, Dec 3- The euro slid to a 27- month trough against a buoyant dollar on Wednesday, a day ahead of a crucial European Central Bank meeting that could pave the way for more easing measures in the euro zone. New York Fed President William Dudley reiterated on Tuesday that for now the dramatic drop in oil prices- down more than 30 percent since June- was a net benefit...

  • DIARY -Top economic events to Dec 15 Tuesday, 2 Dec 2014 | 7:01 PM ET

    CHARLOTTE, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook before the Charlotte Economics Club- 1730 GMT. WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1900 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard and former Federal Reserve vice chair Donald Kohn...

  • Slow growth could impede China’s banking reforms Tuesday, 2 Dec 2014 | 5:38 PM ET

    China's draft regulations for a bank deposit insurance system could see full interest rate liberalization soon, but slowing growth might impede reform measures.

  • Regionals not spooked by lower oil  Tuesday, 2 Dec 2014 | 4:14 PM ET

    CNBC's Mary Thompson discusses the potential risks of a lower oil price to regional banks, and whether the banks are concerned.

  • *Weidmann says forex manipulation would hurt everyone. BERLIN, Dec 2- Bundesbank President Jens Weidmann rejected on Tuesday suggestions that the European Central Bank might be deliberately pushing down the value of the euro and said any manipulation of exchange rates would be "dangerous". Asked after a meeting of German and French ministers and central...

  • European banks miss out on global revival Tuesday, 2 Dec 2014 | 10:44 AM ET
    Bear and bull statues are pictured in front of the Frankfurt Stock Exchange in Frankfurt, Germany.

    Banks around the world are in profit for the first since the financial crisis—except for in Europe, according to a new report by BCG.

  • LONDON, Dec 2- The dollar rose against a basket of currencies on Tuesday, underpinned by upbeat comments from two influential Federal Reserve officials who stressed the positive impact on the U.S. economy from a decline in oil prices. While that will keep alive expectations the Fed may start to tighten policy in the middle of 2015, both the European Central Bank...

  • Is this how Wall Street encourages public service? Tuesday, 2 Dec 2014 | 6:46 AM ET

    The debate about pay for Wall Street executives who take government jobs appears to be based more on a populist shakedown than on good public policy.

  • RUSSIAN FINANCE MINISTRY SAYS TO CUT AMOUNT OF FUNDS TO BE PLACED ON BANKING DEPOSITS FROM OVER 1 TRLN ROUBLES TO AROUND 60 BLN ROUBLES BY YEAR-END.

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