Societe Generale and Credit Agricole are both targets of inquiries from several US government offices for allegedly dealing in Iran, Sudan and Cuba.» Read More
Matthew McCormick, vice president and portfolio manager at Bahl & Gaynor Investment Counsel, comments on Goldman Sachs and Citi ahead of earnings and explains results might be a catalyst to sell on strength.
Philippe Bodereau, managing director at Pimco, and Bill Blain, strategist at Mint Partners, discuss what the outcome of the European Central Bank's stress tests need to be.
ABN Amro broke most banking stereotypes when its chairman dressed up in drag and masqueraded as a brothel owner at a corporate event.
Graduates are turning towards startups over the financial services as a result of the latter's work ethos, and banks are taking notice.
SYDNEY, Jan 16- London copper hit its highest in more than a week on Thursday due to a supply shortfall in physical markets, but prospects of aggressive action by the U.S. Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, earlier this week cautiously endorsed further cuts to the Fed's bond-buying programme.
The Bank of England's governor Mark Carney expressed concerns about capping bankers' bonuses, just hours after U.K. Prime Minister David Cameron said cash bonuses at the Royal Bank of Scotland would be limited to £2,000 ($3,284).
Adam Hewison, President & Chief Strategist at INO dot com, explains why he feels positive about US bank equities for the next two to three months.
*Impact of' Stressed VaR' measure now being felt in markets. LONDON, Jan 16- Arcane measures designed to make banks safer are pushing trading activity into areas where the banking regulator's writ doesn't run, making conventional markets more risky as volumes dwindle.
Jan 16- Citigroup will replace all customer debit cards involved in the data breach at Target Corp, the No.3 U.S. retailer, a spokeswoman for the bank said. "This is being done as a precautionary measure," Citi spokeswoman Elizabeth Fogarty told Reuters in an email reply late Wednesday. Citi is not reissuing credit cards, the New York Times said.
While investors cheer Bank of America's profit report, Christoper Hobart, CEO & Founder at Hobart Financial Group, explains why U.S. banks still have issues to be addressed.
Citibank plans to reissue all customer debit cards involved in the data breach at Target, making it the second major bank to do so. The NYT reports.
Korea Investment Corp will decide whether to sell its $1 billion stake in Bank of America, after watching its value fall by half since 2008.
Discussing earnings and regulations for big banks, with Richard Bove, Rafferty Capital. Bank of America's beat-the-street earnings are certainly a comeback, says Bove.
*World Bank sees stronger growth in 2014. TOKYO, Jan 16- Asian shares ticked higher on Thursday after a set of robust U.S. data and upbeat earnings from Bank of America helped squash concerns of a slowdown in the world's largest economy following disappointing jobs growth in December.
Jan 15- Bank of America Corp said on Wednesday its quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged, the clearest sign yet the bank was shaking off the impact of the financial crisis. Bank of America's shares rose 2.3 percent to $17.15 on Wednesday, after earlier rising to $17.42, the highest level since May 2010.
NEW YORK, Jan 15- The U.S. Federal Reserve has given JPMorgan Chase& Co an "ultimate time limit" for selling its Henry Bath warehousing unit, a regulatory executive at the U.S. central bank told a Senate banking committee hearing on Wednesday. In July 2013, JPMorgan announced plans to sell the whole of its physical commodities business, which includes Henry Bath.
Anton Schutz, Mendon Capital Advisors president & CIO, breaks down the strong earnings reports from the banking sector and tells which banks are the best buys for investors.
NEW YORK, Jan 15- The U.S. Federal Reserve has given JPMorgan Chase& Co an "ultimate time limit" for selling its Henry Bath warehousing unit, a regulatory executive at the U.S. central bank told a Senate banking committee hearing on Wednesday. The bank announced plans in July to sell its physical commodities business, which includes Henry Bath.
*Currency calm eases pressure on Damascus before talks. AMMAN, Jan 15- Syria's central bank has bought hundreds of millions of dollars from the domestic currency market it now tightly controls, helping to build up depleted reserves for an economy crippled by civil war, bankers and dealers say.
LONDON, Jan 15- Global investigations into alleged currency market manipulation intensified on Wednesday as U.S. regulators descended on Citigroup's London offices and Deutsche Bank suspended several traders in New York, sources told Reuters.