Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.» Read More
WASHINGTON, Nov 20- Recent U.S. economic data is looking better and a solid jobs report for November would increase the likelihood that the Federal Reserve would start to scale back bond buying at its meeting next month, a senior Fed official said on Wednesday.
*Gold prices down, Brent rises modestly. NEW YORK, Nov 20- The euro fell on Wednesday while stock markets around the world were little changed after a report that the European Central Bank was considering a negative deposit rate.
WASHINGTON, Nov 20- Republican U.S. Senator Bob Corker said on Wednesday he has decided to support Janet Yellen's nomination to lead the Federal Reserve.
*J.C. Penney shares jump after results. NEW YORK, Nov 20- U.S. stocks edged modestly higher in early trading Wednesday after data on spending and inflation gave the Federal Reserve room to continue its market-friendly economic stimulus.
NEW YORK, Nov 20- The dollar drifted lower on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank would maintain its ultra-easy monetary policy for as long as needed. "The inflation data affirms the Fed's easy policy stance," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
*J.C. Penney shares jump after results. Fed Chairman Ben Bernanke, in a speech late Tuesday that echoed dovish comments by his nominated successor, Janet Yellen, said the U.S. central bank will maintain its ultra-easy monetary policy for as long as needed. The U.S. Labor Department releases its Consumer Price Index for October at 8:30 a.m. EST.
*Japan trade data shows higher-than-forecast deficit. LONDON, Nov 20- The dollar edged lower on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank would maintain its ultra-easy monetary policy for as long as needed.
LONDON, Nov 20- Investors locked in some of the recent gains by world stocks and bonds on Wednesday as they waited to see what the mood was at the most recent meetings of the U.S. Overnight losses on Wall Street and in Asia, along with concerns about company earnings, kept investors cautious. The Bank of England will publish minutes of its recent meeting at 0930 GMT.
MOSCOW, Nov 20- Russia's central bank has withdrawn the licence of Master Bank, a mid-sized Moscow bank with significant retail operations, because of what it called "large-scale dubious operations".
Richard Staite, U.S. banks analyst at Atlantic Equities, discusses the U.S. banking sector and the numerous fines that many banks face.
*Hong Kong property buoyed by dovish Bernanke comments. HONG KONG, Nov 20- A key index of Chinese shares listed in Hong Kong crept into positive territory on the year early on Wednesday, helped by strength in China's largest banks and insurers after supportive comments on financial reform plans from senior central bankers.
WASHINGTON, Nov 19- Federal Reserve Chairman Ben Bernanke, in his first public comments on personal plans after he steps down from the Fed in January, said on Tuesday he will be "writing and speaking" on topics that have consumed his tenure at the U.S. central bank.
Federal Reserve Chairman Ben Bernanke said the Fed will maintain its bond buying program as long as needed. Oil markets will be closely watching talks between major powers and Iran, which resume Wednesday, on curbing Iran's nuclear program.
SINGAPORE, Nov 20- Gold was trading in a tight range on Wednesday as investors awaited the release of the minutes of a Federal Reserve policy meeting later in the session for clues on when the bank will trim its stimulus. *Spot gold was largely unchanged at $1,274.06 an ounce by 0023 GMT.
*China signals willingness to tolerate stronger yuan. SYDNEY, Nov 20- Pressure on the yen showed no signs of letting up on Wednesday, with the euro climbing to a four-year peak and the dollar holding onto overnight gains even after more dovish comments from top Federal Reserve officials.
WASHINGTON, Nov 19- Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy U.S. monetary policy for as long as needed and will only begin to taper bond buying once it is assured that labor market improvements would continue.
WASHINGTON, Nov 19- Four bank lobbying groups have asked the Obama administration for a six-month delay in the start of an anti-tax evasion law set to begin on July 1, 2014, saying that banks and other financial institutions need more time to prepare.
LONDON, Nov 19- Top investment managers expect further monetary easing from the European Central Bank in 2014 to support the euro zone economy at a time when the Federal Reserve is set to withdraw stimulus in the United States.
JPMorgan Chase will pay $13 billion in a long-awaited deal with the Justice Department to settle claims over the financial crisis.
CNBC's Kate Kelly reports on the nearing JPMorgan and DOJ settlement that would end a series of lawsuits stemming back to mortgage bonds issued before the financial crises.