Societe Generale and Credit Agricole are both targets of inquiries from several US government offices for allegedly dealing in Iran, Sudan and Cuba.» Read More
WASHINGTON, Feb 11- Janet Yellen, fresh from taking the helm of the Federal Reserve, made it clear on Tuesday she would not make any abrupt changes to U.S. monetary policy, saying the central bank was on track to keep reducing its stimulus even though the labor market recovery was far from complete.
*Adjusted earnings $0.63/ share vs est. *Advisory revenue up 12 pct at $308.9 mln. Feb 11- LPL Financial Holdings Inc, the largest U.S. independent broker-dealer, reported a higher-than-expected 20 percent rise in quarterly profit, and said it was dropping its plan to turn itself into a bank-holding company.
*FTSEurofirst 300 up 1.3 pct, Euro STOXX 50 up 1.5 pct. PARIS, Feb 11- European stocks rose on Tuesday, boosted by positive corporate results and as new Federal Reserve Chair Janet Yellen emphasized there would be continuity in the U.S. central bank's strategy.
Fed Chair Janet Yellen discusses the slow economic recovery in the U.S., and the unequal distribution of wealth
Fed Chair Janet Yellen discusses the activities of banks before and after 2008, and the Fed's job to keep financial organizations "safe and sound."
Fed Chair Janet Yellen discusses the supervision of the Fed on banks, and its active work on Dodd-Frank.
DUBLIN, Feb 11- Ireland is confident its battered banks will pass European Union stress tests later this year and will not require any extra capital, its Finance Minister Michael Noonan said on Tuesday.
The Fed's Charles Plosser says it's always easier to lower interest rates to spur economic activity than to raise them to stop inflation.
CNBC's Jackie DeAngelis reports on how the commodity market is reacting to Fed Chair Janet Yellen's testimony.
*Gold rises to three-month high, U.S. government debt sells off. NEW YORK, Feb 11- The dollar and global equity markets rose on Tuesday after new Federal Reserve Chair Janet Yellen said on Wednesday she expects the U.S. central bank to continue trimming its bond purchases, a sign the U.S. economy is on track for further growth.
NEWARK, Del., Feb 11- Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said on Tuesday history is not on the side of the central bank when it comes to raising interest rates in a timely manner and the risk is financial markets will force its hand.
LONDON, Feb 11- Brent oil held near $109 a barrel on Tuesday and U.S. crude pared gains as investors digested Federal Reserve Chair Janet Yellen's comments that the U.S. central bank was on track to keep reducing its policy stimulus. Brent crude was up 25 cents at $108.88 a barrel at 1506 GMT, after settling 94 cents lower.
*Gold retreats from highest since mid-November. LONDON, Feb 11- Gold retreated from a near three-month high on Tuesday after incoming Federal Reserve Chair Janet Yellen reiterated the U.S. central bank's commitment to a measured tapering of its bullion-friendly policy stimulus.
*New Fed chief says labor market recovery not complete. WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was "far from complete."
WASHINGTON, Feb 11- New Federal Reserve Chair Janet Yellen said on Tuesday the labor market recovery is "far from complete" despite a drop in unemployment, yet she said the U.S. central bank expects to continue trimming policy stimulus in measured steps due to broader improvements in the economy.
CNBC's Helia Ebrahimi looks at Barclays' earnings and comments from CEO Anthony Jenkins that he was "totally bullish" on the group's prospects due to the management's "bold moves."
Should more countries follow the example of the Netherlands and make all banking officials swear an oath of integrity?
MOSCOW, Feb 11- Russia's central bank has withdrawn the licences of two small Moscow- based banks, part of its widening campaign to clean up the banking system and crack down on money laundering. Both banks are part of Russia's system of retail deposit insurance, under which the state guarantees small savings if a bank fails.
*Testimony at 8:30 a.m., hearing at 10 a.m.. WASHINGTON, Feb 11- The health of the U.S. economy and the extraordinary and controversial measures the Federal Reserve has taken to support it will top the agenda on Tuesday when Janet Yellen testifies to lawmakers for the first time as head of the Federal Reserve.
*Coming up: Fed Chair Janet Yellen House testimony 1500 GMT. SINGAPORE, Feb 11- Spot gold climbed to its highest in nearly three months on Tuesday ahead of Congressional testimony by the new chief of the Federal Reserve, on hopes that the U.S. central bank may slow the pace of its stimulus tapering.