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  • Community National posts 4Q profit Wednesday, 28 Jan 2015 | 2:21 PM ET

    NEW YORK _ Community National Bank on Wednesday reported net income of $880,000, or 13 cents per share, in its fourth quarter. The bank, based in New York, said it had earnings of 13 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday repeated that it will remain "patient" in deciding when to raise interest rates, and said the U.S. economy is on track despite turmoil in other markets around the world. Concluding their first policy-setting meeting of the year, Fed officials looked past the urgent moves made by other central banks this month to...

  • WASHINGTON— The Federal Reserve reiterated Wednesday that it will be "patient" in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health. Paul Ashworth, an economist at Capital Economics, said the statement suggests that the Fed "is still taking the view that the collapse in oil prices is a net positive for the economy."

  • Stocks fade late as oil dips, Fed gives investors pause Wednesday, 28 Jan 2015 | 4:29 AM ET

    "The market is, on one hand, happy the Fed is saying things look solid, but it means at some point we will get that first rate hike," said Quincy Krosby, market strategist for Prudential Financial. Impressive earnings from Apple and Boeing made investors optimistic and lifted stocks early. The Energy Department reported that U.S. oil inventories rose to their highest...

  • The FDIC said in an internal memo this week that any recommendations to terminate customers' deposit accounts must be made in writing, vetted by legal staff and discussed with bank managers. FDIC officials have repeatedly said Choke Point is a Justice Department operation. Both the FDIC and Justice Department have said they would conduct internal...

  • GLOBAL MARKETS-Dollar, U.S. stocks inch higher before Fed Wednesday, 28 Jan 2015 | 1:04 PM ET

    NEW YORK, Jan 28- The dollar edged up against the euro on Wednesday as investor focus turned toward the Federal Reserve, which delivers a post-meeting statement later in the day, while U.S. stocks climbed after strong earnings from Apple. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts weighed on European...

  • The FDIC said in an internal memo this week that any recommendations to terminate customers' deposit accounts must be made in writing, vetted by legal staff and discussed with bank managers. FDIC officials have repeatedly said Choke Point is a Justice Department operation. Both the FDIC and Justice Department have said they would conduct internal...

  • Renewed plunge in Greek banks hits European shares Wednesday, 28 Jan 2015 | 12:31 PM ET

    *Lanxess, Nordea rally after results. LONDON/ PARIS, Jan 28- Greek stocks slumped further on Wednesday as concerns mounted about the banking sector after the election victory of anti-bailout party Syriza and the new government's cancellation of privatization plans. The combined market value of Greece's top four- Alpha Bank, Piraeus Bank, National Bank of Greece...

  • NEW YORK, Jan 28- The dollar edged up and world stock indexes edged lower on Wednesday as investor focus turned toward the Federal Reserve, which will deliver a post-meeting statement later in the day. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts weighed on European shares, while shares of Apple, which...

  • ATHENS, Jan 28- Greek bank stocks fell by more than 22 percent on Wednesday as the Athens market suffered a third day of turmoil following the election of a government led by leftist anti-austerity Prime Minister Alexis Tsipras. Fears that Greek banks, facing increased deposit outflows, could be shut out of European Central Bank liquidity assistance if their...

  • FOREX-Dollar firms in cautious trade before Fed statement Wednesday, 28 Jan 2015 | 11:27 AM ET

    NEW YORK, Jan 28- The U.S. dollar made a tepid advance against the euro and the Swiss franc on Wednesday but fell against the yen before a monetary policy statement from the Federal Reserve. The Fed is expected to release a statement at 2 p.m. EST following a two-day meeting. "This is not so much about the Fed, but whether the U.S. economy can live with a stronger dollar,"...

  • Another slump in Greek stocks holds back European shares Wednesday, 28 Jan 2015 | 11:21 AM ET

    *Lanxess, Nordea rally after results. LONDON/ PARIS, Jan 28- Greek stocks continued to slump on Wednesday, on mounting concerns about the banking sector in the wake of anti-bailout party Syriza's victory in Sunday's election and after the new government canceled privatization plans. The combined market value of the top four Greek banks Alpha Bank Piraeus Bank...

  • ABU DHABI, Jan 28- National Bank of Abu Dhabi is expecting a tougher 2015 as lower oil prices hit economic growth and growing competition squeezes profit margins, the head of the United Arab Emirates' largest lender by assets said on Wednesday. NBAD was the latest UAE lender to post strong fourth-quarter earnings, beating analyst forecasts with a 27.6 percent...

  • *Cedi slumped 31 pct vs dollar last year. ACCRA, Jan 28- Ghana's central bank is ready to intervene "vigorously" this year to ensure a much more stable currency, a senior bank official said on Wednesday, after the cedi slumped 31 percent against the dollar in 2014.. Yao Abalo, head of treasury at Bank of Ghana, told Reuters that the central bank viewed the current pressure...

  • ACCRA, Jan 28- Ghana's cedi will be much more stable this year, after slumping 31 percent against the dollar in 2014, as it will be supported by robust interventions, a senior central bank official said on Wednesday. Yao Abalo, head of treasury at Bank of Ghana, told Reuters that the central bank viewed the current pressure on the cedi as seasonal and temporary, and had...

  • ATHENS, Jan 28- Greek bank stocks fell by more than 22 percent on Wednesday, dragging the Athens market into a third day of turmoil following the election of a government led by leftist anti-austerity Prime Minister Alexis Tsipras. Fears that Greek banks, facing increased deposit outflows, could be shut out of European Central Bank liquidity assistance if their...

  • LONDON, Jan 28- The Bank of England will keep interest rates at a record low until at least October as inflation remains stubbornly below target, according to economists in a Reuters poll who have grown more confident about their views. The firming of the consensus view for the fourth quarter of 2015 comes just days after the European Central Bank announced a...

  • BEIJING, Jan 28- Chinese regulators will launch a fresh investigation into stock margin trading, and banks have been told to tighten lending supervision to avoid loans being funnelled into stock markets, three sources with direct knowledge of the matter told Reuters. The China Securities Regulatory Commission and the China Banking Regulatory Commission...

  • LONDON, Jan 28- Stocks and the dollar retrenched on Wednesday amid speculation the Federal Reserve will take a dovish turn in its post-meeting statement later as signs emerge that the greenback's strength is hurting company profits. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts saw European shares...

  • *Surprise monetary easing in Singapore helps U.S. dollar. LONDON, Jan 28- The dollar climbed against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, although gains were muted before a statement from the Federal Reserve after its policy meeting. "The Fed is going to be patient and we could see investors price out chances of a...

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