Many leaving it late to tell the Swiss regulator whether they will participate in a U.S. programme to settle tax evasion suspicions.» Read More
The probe into foreign exchange manipulation has widened to include the world's biggest banks and actively traded currencies. The FT reports.
*Investors await Yellen's Senate confirmation hearing for top Fed post. TOKYO, Nov 13- Asian shares sagged and the dollar wobbled on Wednesday as investors pondered mixed signals from U.S. MSCI's broadest index of Asia-Pacific shares outside Japan fell about 0.7 percent, while Japan's Nikkei stock average slipped 0.6 percent.
SINGAPORE, Nov 13- Gold was trading near a four-week trough on Wednesday and looked likely to test further lows as mixed signals from Federal Reserve officials added to uncertainty over the fate of the U.S. central bank's stimulus measures.
Sumitomo Mitsui Financial Group said its first-half net profit increased 53% on the year to 5 billion dollars. Sachiko Kishida reports.
CNBC's Maria Bartiromo shares her observation on reports that the retail investor is pouring money into the stock market.
*Wall Street erases some losses on dovish Feds comments. NEW YORK, Nov 12- Global equity markets and government debt prices slipped on Tuesday and the dollar rose as investors contemplated prospects for fewer bond purchases by the Federal Reserve, a critical support for asset prices and the economy.
MONTGOMERY, Ala./ ST. PAUL, Minn., Nov 12- The Federal Reserve should keep monetary policy ultra-easy given the economy's tepid growth and an uncertain outlook for jobs growth, two senior officials said on Tuesday, reinforcing views that the U.S. central bank will not taper bond buying before next year.
WASHINGTON, Nov 12- Wall Street banks could get greater power to fight back against bad report cards on their efforts to combat money laundering under a proposal being discussed by U.S. regulators and the financial industry.
Nov 12- With the European Central Bank and U.S.
In an exclusive CNBC interview Ken Griffin, Citadel CEO, discusses the state of banking. Griffin says, banking in America has become an incredibly concentrated industry which has diminished competition. Banks have become both too big to fail and manage. CNBC's Andrew Sorkin reports.
The Fed is facing a headwind on the battle to improve America, says Ken Griffin, Citadel CEO, to CNBC's Andrew Sorkin. Griffin adds poor Washington polices have put a damper on growth.
WASHINGTON, Nov 12- A regulator of the top U.S. banks on Tuesday published new ground rules over when it would tell banks to hire outside consultants, after critics accused it of botching a review of past home foreclosures.
Big banks aren't community banks, says Citadel CEO Ken Griffin, adding that the U.S. has plenty of room for midsize banks.
ST. PAUL, Minn., Nov 12- Given how slowly the Federal Reserve expects U.S. joblessness to decline, the central bank should be ramping up, not dialing back, its efforts to stimulate the economy, a top Fed official said on Tuesday.
WASHINGTON, Nov 12- Emerging markets are likely to see considerably more impact from higher U.S. interest rates when the Federal Reserve pulls back from its massive monetary stimulus, World Bank President Jim Yong Kim said on Tuesday.
*Bank of England has told banks to strengthen defences. LONDON, Nov 12- A cyber attack on financial markets played out in one of London's historic halls on Tuesday in a "war game" simulation designed to test the City's defences against online saboteurs. The Bank of England has told banks to strengthen their defences against cyber attacks.
Still, the tendency of markets to perform well in the past two months has some "people saying,' Hey, you gotta ride the bull until the end of the year,"' said Michael Matousek, head trader at U.S. Global Investors Inc. in San Antonio.
LONDON, Nov 11- Many of the 11 EU nations that lie outside the euro zone plan to align tests of the health of their banks closely with a European Central Bank assessment of major lenders within the currency bloc. The Bulgarian National Bank declined to provide details on preparations for their asset quality review and stress tests.
LONDON, Nov 12- China's plan to broaden economic reforms failed to give a lift to world shares on Tuesday as higher U.S. government bond yields and growing talk the Federal Reserve will soon scale back its stimulus weighed on sentiment.
The European Central Bank took a "pragmatic and realistic" approach to the euro zone when it cut interest rates last week, UBS CEO Sergio Ermotti told CNBC.