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  • The LendingClub of China's $ trillion opportunity Thursday, 18 Dec 2014 | 11:54 AM ET
    Lending Club founder and CEO Renaud Laplanche rings a ceremonial bell to begin trading during the company's IPO on the floor of the New York Stock Exchange, Dec. 11, 2014.

    Dianrong, the LendingClub of China, is raising money from Tiger Global and other investors to modernize the Chinese financial system.

  • Perks of whistleblowing? A $57 million payday Thursday, 18 Dec 2014 | 11:06 AM ET
    A woman walks past a Countrywide Home Loan office in Gahanna, Ohio, in 2008.

    A former Countrywide Financial executive cashed in on $57-million payday after whistleblowing in Bank of America investigation. The NYT reports.

  • PIMCO SAYS FORMER FEDERAL RESERVE CHAIRMAN BEN BERNANKE PARTICIPATED AT FIRM'S CYCLICAL OUTLOOK FORUM LAST WEEK IN NEWPORT BEACH.

  • MOSCOW, Dec 18- Russia will provide state development bank Vneshekonombank with 30 billion roubles in additional capital, Prime Minister Dmitry Medvedev said on Thursday, part of measures to shield banks from Western economic sanctions. VEB is among a number of state banks sanctioned by the West over Russia's role in the Ukraine crisis, meaning its access to...

  • NEW YORK, Dec 18- Factory activity in the U.S. mid-Atlantic region grew at a slower pace in December, a survey showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index fell to 24.5 from 40.8 the month before. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware.

  • FRANKFURT, Dec 18- The European Central Bank said on Thursday it would start publishing accounts of its monetary policy meetings next year, a move that will raise the ECB's transparency but still leave it behind other big central banks. The ECB will begin publishing the accounts of Governing Council discussions starting with the meeting on Jan. 22.

  • NEW YORK, Dec 18- The U.S. dollar rose against major currencies for a second straight session on Thursday after the Federal Reserve signaled it would hike rates next year and the Swiss National Bank's statement that it would introduce negative interest rates. "The dollar strength today is a continuation of the Fed reaction," said currency strategist Vassili...

  • US stocks open higher, building on Fed gains Thursday, 18 Dec 2014 | 9:44 AM ET

    NEW YORK— The U.S. stock market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. The market is coming off its biggest one-day rise since October 2013. The Dow Jones industrial average rose 224 points, or 1.3 percent, to 17,580 as of 9:35 a.m. Eastern time Thursday.

  • LONDON, Dec 18- The Swiss franc tumbled on Thursday after its central bank announced a charge on deposits, wary of a flood of money exiting Russia and likely inflows from the euro zone if the ECB starts full-scale money printing early next year. The jitters of recent weeks calmed a touch as oil rose for a second day, although the pressure was still on Russia's rouble...

  • *Governor Godwin Emefiele says wants to stop speculators. LAGOS, Dec 18- Nigeria's central bank has barred banks from holding their own funds in dollars in order to end speculative pressure on the ailing naira currency, the governor said on Thursday. Godwin Emefiele told Reuters in a phone interview that he believed the current naira band, set last month, was "...

  • FRANKFURT/ LONDON/ WASHINGTON, Dec 18- The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions. Perhaps unsurprisingly, policymakers looking at robust economic recoveries such as in the United States and Britain are...

  • *Silver up more than 3 pct; platinum, palladium also rise. LONDON, Dec 18- Gold climbed more than 2 percent on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, lifting stock markets and commodities while dampening the dollar. A break of stops above $1,200 an ounce sparked a rally in gold in early European trade,...

  • Swiss central bank imposes negative interest rates Thursday, 18 Dec 2014 | 4:59 AM ET

    BERN, Switzerland— Following the fallout of the slide in the Russian ruble, Switzerland sought Thursday to prevent the Swiss franc from breaching upper limits imposed on the currency by introducing negative interest rates on commercial bank deposits. The move forces commercial banks to pay to deposit their francs with the Swiss National Bank— usually they...

  • LONDON, Dec 18- The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year. The jitters of recent days also calmed a touch as Russia managed to stabilise its rouble ahead of an end-of-year address...

  • MOSCOW, Dec 18- Russian President Vladimir Putin said on Thursday the central bank and government were taking adequate measures to support the rouble and that Russia's current economic situation was casued by external factors. He told his annual end-of-year news conference: "I believe that the central bank and the government are taking adequate measures."

  • PARIS, Dec 18- European stocks rose early on Thursday, tracking a rally on Wall Street after the U.S. At 0804 GMT, the FTSEurofirst 300 index of top European shares was up 1.4 percent at 1,335.46 points. Fed Chair Janet Yellen told a news conference that "patient" meant the policy-setting Federal Open Market Committee was unlikely to hike rates for "at least a couple of...

  • MOSCOW, Dec 18- The Russian government proposed providing up to 1 trillion roubles in additional capital to support the banking sector, a draft law posted on the lower house of parliament's web site showed on Thursday.

  • RUSSIAN GOVT SUBMITS DRAFT LAW ON PROVIDING ADDITIONAL CAPITAL TO BANKING SECTOR FOR UP TO 1 TRLN RBLS- RIA.

  • TOKYO, Dec 18- Japanese stocks enjoyed their best day in 6-1/ 2 weeks on Thursday after the U.S. Federal Reserve expressed confidence in the U.S. economy and promised a "patient" approach to raising interest rates, boosting Wall Street shares. Exporters Toyota Motor Co and Canon Inc climbed 1.5 percent and 1.7 percent respectively, benefitting from a weaker yen.

  • Fed eyes audit push as key political challenge in 2015 Thursday, 18 Dec 2014 | 1:00 AM ET

    Federal Reserve is lobbying to stem a rising threat to its independence as the "Audit the Fed" movement, once seen as usual background noise, looks set to gain momentum in 2015 when Republicans gain control of both houses of Congress. Fed officials are making their case for independence across Capitol Hill, reminding politicians of the damage that can come from...

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