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  • Non-bank lenders and loan servicers will need to do so as of Dec. 31 to work with Fannie Mae and Freddie Mac, which provide the capital for most new U.S. mortgages. Taxpayers bailed out Fannie Mae and Freddie Mac in 2008 during a severe recession and housing market implosion, and the new rules aim to limit the companies' exposure to under-capitalized counterparties.

  • NEW YORK, May 20- U.S. stocks ended flat on Wednesday as minutes from last month's Federal Reserve meeting did little to change expectations of when the central bank may raise interest rates.

  • *Barclays fined $2.4 bln, fires 8 employees. Citi, Barclays, JP Morgan and RBS plead guilty. Citigroup Inc, JPMorgan Chase& Co, Barclays Plc, UBS AG and Royal Bank of Scotland Plc were accused by U.S. and UK officials of brazenly cheating clients to boost their own profits using invitation-only chat rooms and coded language to coordinate their trades.

  • *Greece needs deal to make June 5 IMF repayment- official. NEW YORK, May 20- Wall Street and the dollar rose on Wednesday after minutes of a Federal Reserve policymakers meeting last month bolstered bets that the first U.S. interest-rate hike in more than a decade will not come until later in 2015 at the earliest. "The minutes overall depicted the Fed in a rate hike...

  • ECB under fire over market-sensitive closed-door speech Wednesday, 20 May 2015 | 3:15 PM ET

    *ECB speech released only day after delivery. LONDON/ FRANKFURT, May 20- The European Central Bank is under fire after one of its policymakers gave market sensitive information to an invitation-only conference attended released. Coeure gave the speech to the conference in London, which was also attended by bankers and academics, on Monday evening.

  • May 20- The Dow and S&P 500 pushed into record high territory on Wednesday after Wall Street saw little in the minutes from last month's Federal Reserve meeting to change expectations of when the central bank will raise interest rates. "We have been in this sweet spot where the labor market has been strong, which implies the economy is doing well or at least people...

  • The minutes from the April 28-29 meeting of the Fed's policy-setting committee also showed most participants expected the U.S. economy to pick up pace after a slowdown in the first quarter and that labor market conditions would improve. They also cited economic worries in China and Greece. Investors now will focus on a speech by Fed Chair Janet Yellen on Friday...

  • Trading Nation: Big banks still a buy? Wednesday, 20 May 2015 | 2:38 PM ET

    Larry McDonald, Societe Generale, and Carter Worth, Cornerstone Macro, discuss where there is opportunity in the bank sector.

  • LONDON, May 20- British finance minister George Osborne will set out plans on Wednesday to streamline the sale of 23 billion pounds of bank shares and other publicly owned assets by creating a new government-run company. In a speech to business leaders in London, Osborne will highlight the plan as part of a drive to improve Britain's low productivity- which he...

  • May 20- U.S. stocks remained near flat on Wednesday as Wall Street saw little in the minutes from last month's Federal Reserve meeting to change expectations of when the central bank will raise interest rates. "The comments were fairly innocuous," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. At 2:15 p.m., the Dow...

  • MIAMI, May 20- Stonegate, a small Florida bank, has opened an account for the Cuban government, according to a source familiar with the state's banking industry, removing an obstacle in the way of Washington and Havana restoring diplomatic ties after more than 50 years. President Barack Obama said he was seeking to improve diplomatic and commercial relations...

  • LONDON, May 20- The European Central Bank said on Wednesday it would stop providing journalists embargoed copies of its speeches, as a storm grew over one of its top policymakers giving hedge funds a head start on market sensitive information. ECB Executive Board member Benoit Coeure gave a speech to an invitation-only dinner of fund managers, bankers and...

  • Banks in currencies scandal Wednesday, 20 May 2015 | 1:03 PM ET
    Banks in currencies scandal

    Five of the world's biggest banks have been slapped with a $5 billion fine and criminal charges over rigging currency markets, reports CNBC's Eamon Javers.

  • FOREX-Dollar's gains spurred by ECB's bond buying plans Wednesday, 20 May 2015 | 11:39 AM ET

    *Eyes on Fed, ECB meeting on Greece. NEW YORK, May 20- The dollar hit a three-week high against the euro and a two-month peak versus the yen on Wednesday, extending a rebound rally underpinned by European Central Bank plans to frontload its quantitative easing program in a move to keep interest rates low. "The ECB has taken the wind out of the euro's sails," said Mark...

  • Stonegate Bank opens bank account for Cuban gov't Wednesday, 20 May 2015 | 11:25 AM ET
    Stonegate Bank opens bank account for Cuban gov't

    A small bank in Florida has opened up a bank account for the Cuban government, reports CNBC's Michelle Caruso-Cabrera.

  • NEW YORK, May 20- Five of the world's largest banks, including JPMorgan Chase& Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday. British banks Barclays Plc will pay $650 million in criminal penalties and Royal Bank of Scotland...

  • *Barclays fined $2.4 bln, fires 8 employees. *Citi, Barclays, JP Morgan and RBS plead guilty. Traders at Citigroup, JP Morgan, Barclays and Royal Bank of Scotland, who described themselves as "The Cartel", used an invitation-only electronic chatroom and coded language to manipulate the price of U.S. dollars and euros between December 2007 and January 2013, according to...

  • NEW YORK/ WASHINGTON, May 20- Authorities fined five of the world's largest banks, including JPMorgan Chase& Co and Citigroup inc, roughly $5.7 billion, and four of them agreed to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, the U.S. Department of Justice said on Wednesday. U.S. banks JPMorgan Chase and Citigroup will pay $550...

  • AG Lynch: Banks to pay combined $5.6B in FX penalties Wednesday, 20 May 2015 | 10:05 AM ET
    AG Lynch: Banks to pay combined $5.6B in FX penalties

    U.S. Attorney General Loretta Lynch announces the settlements with global financial institutions in connection with long-running manipulation of the Foreign Exchange (FOREX) spot market.

  • NEW YORK/ WASHINGTON, May 20- Authorities fined five of the world's largest banks, including JPMorgan Chase& Co and Citigroup, roughly $5.7 billion and four of them agreed to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, the U.S. Department of Justice said on Wednesday.

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