GO
Loading...

Banks

More

  • The U.S. central bank on Monday released a summary of the staff report in response to recent queries by both Democratic and Republican members of Congress. The queries concerned the Fed's internal follow-up to an article published in the Wall Street Journal and a client note circulated by analyst firms Medley Global Advisors. But members of Congress in recent...

  • WASHINGTON, March 23- U.S. bank regulators faulted crisis plans submitted by three foreign banks on Monday, saying they needed to improve the so-called living wills this year or face regulatory repercussions. The plans by BNP Paribas, Royal Bank of Scotland and HSBC showed shortcomings, and "significant progress" was needed, the U.S. Federal Reserve and the...

  • OTTAWA, March 23- Canada's export agency signed a deal with China's biggest bank on Monday to promote the use of the yuan as a settlement currency in trade-related transactions, as officials in Toronto prepared to launch the first yuan trading hub in the Americas. The Canadian Chamber of Commerce estimated in November that the trading hub could boost Canadian...

  • NEW YORK, March 23- The Federal Reserve is "widely expected" to begin raising interest rates this year though the policy path remains uncertain, the central bank's second-in-command said on Monday, appearing to lay the groundwork for a less predictable future. Fed Vice Chair Stanley Fischer said the stronger dollar and weak oil play a role in U.S. policymaking, but...

  • ZURICH, March 23- Liechtenstein's biggest bank LGT does not expect to suffer any fallout from assets it bought from HSBC's private bank months before that business was embroiled in a scandal over allegedly helping clients to dodge taxes. Vaduz- based LGT, owned by the principality's royal family, snapped up 7.1 billion Swiss francs of private banking assets...

  • *Greece in focus in Europe. "There's a very large long-dollar position in the market, and what we appear to be facing is an unwind of that position," said Richard Cochinos, head of Americas G10 FX strategy at Citi in New York. The euro continued to strengthen against the dollar despite comments from European Central Bank President Mario Draghi on the central bank's...

  • LONDON, March 23- Average daily volumes in the global foreign exchange market fell in February after soaring the previous month in the wake of Switzerland's shock removal of its currency cap, data from FX settlement system CLS showed on Monday. January was turbulent for the FX market, with the shock move on Jan. 15 by the Swiss National Bank to scrap its cap on the...

  • Another Fannie Freddie bailout? No way: Dick Bove Monday, 23 Mar 2015 | 10:09 AM ET
    Richard Bove

    The buzz about another possible bailout of Fannie Mae and Freddie Mac doesn't make any sense, says Dick Bove. Here's why.

  • *Chinese premiums ease to $4- $5. LONDON, March 23- Gold firmed on Monday, following a three-day rally that pushed it to its highest in two weeks, as a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in U.S. interest rates generated modest investor interest. Gold is usually seen as an insurance against risk in times of financial or...

  • LONDON, March 23- The dollar resumed its fall on Monday after its steepest weekly drop in 3-1/ 2 years, as comments by a top Federal Reserve official added to last week's dovish policy message. The dollar's fall helped copper and gold prices to firm while European shares dipped, giving back some of last week's strong gains, and U.S. futures pointed to a flat start on...

  • *Draghi speech, Greece in focus in Europe. "The clear outcome from the FOMC meeting was that it was seen as dovish," said John Hardy, currency strategist at Saxo Bank in Copenhagen, adding that Bullard's comments weighed on the dollar. "It feels like the market does want to consolidate a bit here, this $1.075- 1.08 area has been a sticking point but I think we will get to...

  • *Chinese premiums ease to $4- $5. LONDON, March 23- Gold steadied on Monday, following a three-day rally that pushed it to its highest in two weeks, as a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in U.S. interest rates generated modest investor interest. Gold is usually seen as an insurance against risk in times of financial or...

  • Want growth? Stop collecting banker scalps: Trennert Monday, 23 Mar 2015 | 8:15 AM ET
    The Federal Reserve Building in Washington, D.C.

    Politicians and regulators have prevented a supply-side solution to growth because they're focused on punishing banks, strategist Jason Trennert says.

  • DC should stop collecting banker scalps: Strategist

    Politicians and regulators are holding back lending and supply-side growth by focusing on punishing banks, Jason Trennert of Strategas tells CNBC.

  • SINGAPORE, March 23- Gold extended gains into a fourth straight session on Monday to trade near its highest in two weeks, boosted by a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in U.S. interest rates. *Spot gold had risen 0.3 percent to $1,185.35 an ounce by 0038 GMT. *Gold had dipped to a four-month low before the Fed meet last...

  • How the Europe-US spat over a China-led bank began Sunday, 22 Mar 2015 | 7:49 PM ET

    This month European governments chose to join Chinese-led Asian Infrastructure Investment Bank (AIIB) in defiance of the U.S..

  • NEW YORK, March 22- Benjamin Lawsky, New York state's financial services regulator, has added himself to the regulators investigating Deutsche Bank AG for manipulation of the Libor benchmark borrowing rate, the Financial Times reported on Sunday, citing unnamed sources. The New York Department of Financial Services' probe of the German bank marks the first...

  • BEIJING, March 22- China received critical support from the International Monetary Forum and Asian Development Bank on Sunday for its goal of establishing a new Chinese-led multilateral lender, adding to a growing wave of endorsements that has worried the United States. Leaders of the IMF and ADB, speaking at a conference in Beijing, said they were in talks with...

  • *Greek PM Tsipras to meet Merkel in Berlin. ROME, March 22- Markets still digesting an unexpectedly cautious message from the Federal Reserve will get more food for thought this week with U.S. inflation data and potentially rising risks of a Greek exit from the euro zone. Bank of Japan Governor Haruhiko Kuroda dismissed talk of competitive devaluations to spur...

  • BEIJING, March 22- China will stick to a prudent monetary policy despite a recent rate cut and a reduction in the reserve requirement ratio, China's central bank governor Zhou Xiaochuan said on Sunday. Monetary policy needs to support growth as well as helping structural adjustments, Zhou said. China's QFII scheme was not flexible enough and reform measures...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.