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  • TOKYO, Feb 25- Asian stocks rose on Wednesday thanks to gains on Wall Street after Federal Reserve Chair Janet Yellen suggested the Fed would not rush into raising interest rates, a reassuring signal for investors worried about a deteriorating global outlook. In remarks to the Senate Banking Committee, Yellen said the U.S. central bank was preparing to consider...

  • 6 ways to trade the big banks Tuesday, 24 Feb 2015 | 6:53 PM ET
    A sign hangs on One Chase Plaza in lower Manhattan.

    Some CNBC "Fast Money" traders were impressed by JPMorgan Chase's trimming plan, while others saw upside elsewhere in financials.

  • NEW YORK, Feb 24- JPMorgan Chase& Co said on Tuesday the bank has been questioned by the U.S. Department of Justice over auto lending practices that possibly resulted in discrimination. JPMorgan is the fifth-largest U.S. auto lender behind Ally Financial Inc, Wells Fargo& Co, Toyota Motor Corp's in-house lending arm and Capital One Financial Corp, according to...

  • LONDON, Ontario, Feb 24- The Bank of Canada took out the right amount of "insurance" when it cut interest rates by one-quarter percentage point last month to protect the economy from the impact of cheaper oil, Governor Stephen Poloz said on Tuesday. The rate move bought the central bank time to see how Canada's oil-exporting economy responds to a plunge in oil prices,...

  • JPMorgan discloses $9 in Iran fees...yes, $9 Tuesday, 24 Feb 2015 | 4:55 PM ET
    A man walks by One Chase Plaza in lower Manhattan

    Federal law requires JPMorgan Chase & Co to disclose Iran-related transactions, which the bank did Tuesday ... all $9 of them.

  • NEW YORK, Feb 24- U.S. Treasuries prices rallied on Tuesday, erasing early losses after testimony from Federal Reserve Chair Janet Yellen kept the door open for a later than midyear interest rate hike and a two-year note auction met with strong demand. In remarks to the Senate Banking Committee, Yellen described how the Fed's rate-setting policy committee would...

  • Smead: JPM woos millennials   Tuesday, 24 Feb 2015 | 3:45 PM ET

    Bill Smead, Smead Capital Management, discusses millennials at JPMorgan's investor day conference.

  • WASHINGTON, Feb 24- Tough questions aimed at Federal Reserve Chair Janet Yellen from a rising force in the Democratic Party on Tuesday showed how the U.S. central bank is facing increasing pressure from both sides of the political aisle. "I urge you... to assess whether the leadership of the Fed's staff is on the same page as the Federal Reserve Board," Senator...

  • NEW YORK/ LONDON, Feb 24- Gold fell to a seven-week low on Tuesday then pared losses after Federal Reserve Chair Janet Yellen said the central bank is preparing to consider interest rate hikes on a "meeting-by-meeting basis." Spot gold initially fell about 0.8 percent to a seven-week low of $1,190.91 per ounce as the U.S. dollar rose, then eased, down 0.2 percent at...

  • JPMorgan: De-risking & simplification   Tuesday, 24 Feb 2015 | 2:14 PM ET
    JPMorgan: De-risking & simplification

    CNBC's Kayla Tausche provides an update from JPMorgan's investor day conference.

  • LONDON, Ontario, Feb 24- The Bank of Canada's surprise rate cut last month bought the central bank time to see how the economy responds to a plunge in oil prices, Governor Stephen Poloz said on Tuesday in the bank's last pronouncement before its March 4 rate decision. The market has priced in nearly a 75 percent chance of a rate cut on March 4, but Deputy Governor Agathe...

  • WASHINGTON, Feb 24- Three regional Federal Reserve banks in January repeated an unsuccessful push to have the U.S. central bank increase the interest rate charged to commercial banks for emergency loans, according to minutes from Fed board meetings released on Tuesday. Ahead of the Fed's Jan. 27-28 policy-setting meeting, directors of the Philadelphia, Kansas...

  • Federal Reserve Chair Janet Yellen warned Congress on Tuesday against a bid to crack down on currency cheats and said adding currency rules to trade deals could hobble monetary policy. "I would really be concerned by a regime that would introduce sanctions for currency manipulation into trade agreements when it could be the case that it would hamper or even...

  • *European shares supported by Greek deal. NEW YORK, Feb 24- The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months before the Fed expects to raise interest rates, while European equity markets gained after Greece produced a list of proposed economic reforms.

  • LONDON, Feb 24- Copper surged to a six-week high on Tuesday after the U.S. central bank chief said it was preparing to consider rate rises on a meeting-by-meeting basis, Greece secured a bailout extension and oil prices rebounded. Three-month copper on the London Metal Exchange jumped to a session peak of $5,846 a tonne, the strongest since Jan. 13, and closed 2...

  • JPMorgan exec downplays benefits of bank split Tuesday, 24 Feb 2015 | 12:16 PM ET

    Executives made their case for why the bank should remain whole as it continues to pare down some businesses. USA Today reports.

  • NEW YORK, Feb 24- U.S. In prepared remarks to the Senate Banking Committee released at 10 a.m. ET, Yellen described how the Fed's rate-setting policy committee will likely proceed in coming months in an effort to increase the Fed's flexibility and mute potential market reaction as the central bank approaches its "liftoff" date. "They're trying to give themselves...

  • NEW YORK, Feb 24- The dollar was up slightly against a basket of currencies on Tuesday, almost erasing earlier gains as Federal Reserve Chair Janet Yellen offered no commitment as to when the U.S. central bank might raise interest rates. It's very cautious and very couched, "said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.

  • *European Central Bank chief says reforms good start. FRANKFURT, Feb 24- The head of the European Central Bank welcomed Greece's reform plans on Tuesday but said he would keep a close watch on ideas that depart from previous pledges, underlining the need for Greece to stick to its commitments. In a letter to the chairman of the Eurogroup of finance ministers, Mario...

  • LONDON/ NEW YORK, Feb 24- The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months before the Fed expects to raise interest rates, while European equity markets gained after Greece produced a list of proposed economic reforms. "It's pretty evenhanded," said Thomas Simons, money market...

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