• Discussing the integration of Apple Pay, the future of big banks, and data security, with Jim Breyer, Accel Partners, at Forbes' Under 30 Summit.

  • US regulator: Fannie, Freddie in deal with banks Monday, 20 Oct 2014 | 4:09 PM ET

    WASHINGTON— A federal regulator says government-controlled mortgage giants Fannie Mae and Freddie Mac have reached an agreement with major banks that could expand lending. The head of the Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the deal Monday at a conference of the Mortgage Bankers Association in Las Vegas.

  • Oct 20- Incentive programs at banks should reward not just bankers who increase revenues, but those who avoid losses and identify risks that could later hurt the institution, a top U.S. Federal Reserve official said on Monday. Federal Reserve Governor Daniel Tarullo said that progress has been made regarding proper bank compensation since the 2007-2009...

  • WASHINGTON, Oct 20- The Federal Reserve is committed to tailoring its supervisory practices for community banks as appropriate to reduce unnecessary burden, a top Fed official said on Monday. The central bank also needs to ensure smaller U.S. banks continue to operate in a safe and sound manner, Fed Governor Jerome Powell said in prepared remarks ahead of a Fed...

  • European Central Bank starts stimulus purchases Monday, 20 Oct 2014 | 7:10 AM ET

    FRANKFURT, Germany— The European Central Bank has started buying securities called covered bonds as it launches its latest stimulus effort aimed at preventing the 18- country eurozone economy from sinking back into recession. An ECB spokeswoman confirmed the purchases began Monday. Covered bonds are investments backed by loans such as mortgages.

  • RIYADH, Oct 20- Saudi Arabia's biggest bank has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within about five years. The decision, made as the bank launches a $6 billion initial public offer of its shares, the largest-ever equity sale in the Arab world, shows how Saudi Arabia's...

  • *Kuwaiti banks leaving financial crisis overhang behind. DUBAI, Oct 20- Commercial Bank of Kuwait, the Gulf state's fifth-largest lender by assets, has reached a string of debt settlements with clients that have helped to slash its non-performing loans, the bank's acting chief executive said. This has pressured Kuwait's banking sector over the last several...

  • SHANGHAI, Oct 20- China shares rose on Monday on speculation of further policy easing after news that the country's central bank was set to inject funds into to several banks, while Hong Kong's market gained on positive U.S. data. The People's Bank of China is set to inject about 200 billion yuan worth of three-month loans into five or six listed banks to keep...

  • BUSINESS-NEWS-SCHEDULE AT 1900 GMT / 3:00 PM ET Sunday, 19 Oct 2014 | 3:01 PM ET

    LONDON- A series of Reuters interviews with officials, bankers and others involved in the European Central Bank's financial inspection of the euro zone's biggest banks show that in the seven months since it began, the ECB has had to shoot down countless pleas from banks and national supervisors for special treatment. STOCKHOLM/ OSLO/ COPENHAGEN- When it comes to...

  • *ECB unveils stress test results Oct 26. LONDON, Oct 19- When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis. A series of Reuters interviews with officials, bankers and others involved in the European Central Bank's financial...

  • Regulators close small Maryland bank Friday, 17 Oct 2014 | 8:04 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over NBRS Financial Bank of Rising Sun, Maryland. Howard Bank of Ellicott City, Maryland, has agreed to pay the FDIC a premium of 1.19 percent to assume all of the failed bank's deposits. Depositors of NBRS Financial will automatically become depositors of Howard Bank, the FDIC said.

  • DIARY- Top Economic Events to Oct 31 Friday, 17 Oct 2014 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks before the "Inequality of Economic Opportunity in the United States" conference in Boston- 1230 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe and ECB Vice President Vitor Constancio discuss bank regulation- 1045 GMT. WASHINGTON- Federal Reserve Board Governor Jerome Powell...

  • As debt mounts, Caesars in talks with lenders Friday, 17 Oct 2014 | 6:29 PM ET

    LAS VEGAS— Caesars Entertainment said Friday it is prepared to start formal discussions with some of its bank lenders as it works to reduce its debt and stave off what some see as near certain bankruptcy. In recent years the company has spun off multiple divisions in an attempt to shape up its finances, including Caesars Entertainment Resort Properties and...

  • Goldman's $100M spreadsheet error Friday, 17 Oct 2014 | 6:40 PM ET
    Traders work at the Goldman Sachs booth on the floor of the New York Stock Exchange.

    A spreadsheet mix-up led Goldman to misrepresent the number of outstanding shares in Tibco Software, the NYT reports.

  • Banks take big hit?     Friday, 17 Oct 2014 | 4:38 PM ET

    CNBC's Kayla Tausche discusses how this week's trade impacted the financial sector and loan growth.

  • First Interstate purchases Mountain West Friday, 17 Oct 2014 | 2:17 PM ET

    GREAT FALLS, Mont.— The $72.8 million sale of Montana's Mountain West Bank to First Interstate Bank closes Friday. The Great Falls Tribune reports 63 of Mountain West's 204 employees have resigned since the sale was announced in February, 79 will continue with First Interstate Bank and 62 will receive severance packages. Kyle Herda, a First Interstate Bank vice...

  • Mayo's picks: Morgan Stanley & Citi     Friday, 17 Oct 2014 | 12:15 PM ET

    After strong earnings from Morgan Stanley, Mike Mayo, CLSA Research analyst, says he likes the bank's restructuring story now coming together.

  • Lloyd Blankfein on volatility     Friday, 17 Oct 2014 | 9:11 AM ET

    CNBC's Carl Quintanilla speaks to Goldman Sachs CEO Lloyd Blankfein about bank regulations and market volatility.

  • Bank of England chief economist: rates to stay low Friday, 17 Oct 2014 | 4:58 AM ET

    LONDON— The Bank of England's chief economist signaled Friday that interest rates could remain at record lows for longer than expected due to weaker wage growth and global economic uncertainties. Andrew Haldane told business leaders he had become "gloomier" because real wages are falling, productivity is stagnant and savings interest rates are at their...

  • *The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session as economic data eased fears about the potential effect of a weakening global economy on the United States and following remarks by St. Louis Federal Reserve Bank President James Bullard that the U.S. central bank may want to keep up its bond buying stimulus for now.

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