CNBC's Mary Thompson reports Bank of America, Citi Group, and JPMorgan Chase are among 16 big banks being sued by FDIC for manipulating the LIBOR benchmark interest rate.» Read More
Jan 17- M&T Bank Corp reported quarterly results that were worse than analysts' expectations as mortgage banking revenue fell and expenses increased. M&T Bank shares slipped more than 3 percent on Friday. Last month M&T Bank said it now expected the acquisition to close at the end of 2014 instead of Jan. 31.
Washington's reform efforts have made big U.S. banks less risky and less profitable institutions, POLITICO's Ben White says.
HSBC said it had suspended two foreign exchange traders in London and Citigroup said it had put a pair of traders on leave.
*Labour leader promises to cap banks' market share. LONDON, Jan 17- Britain's biggest banks will be forced to sell off branches to make room for new competitors if the opposition Labour party wins the next election, leader Ed Miliband said on Friday, aiming to create two new banks.
Morgan Stanley's fourth quarter profits fell 70 percent but still beat the Streets expectations. CNBC's Mary Thompson reports the banker had a strong performance in its investment management business.
CNBC's Mary Thompson has the latest details from Morgan Stanley's CFO about the company's growth plans. The big bank says it is seeing growing confidence in the global economy, reports Thompson.
Goldman has been quietly moving thousands of jobs to cheaper cities like Salt Lake City in recent years, a move that's finally paying off.
ATHENS, Jan 17- Greece's central bank chief received two rifle bullets and a threatening letter in a mailed envelope, police said on Friday. They said a previously unknown group called People's Punishers posted the envelope to central bank Governor George Provopoulos.
Morgan Stanley reported a sharp fall in quarterly profit as the bank was hit by $1.2 billion in legal bills, but adjusted earnings beat market estimates.
FRANKFURT, Jan 17- Banks will return 990.5 million euros in crisis loans to the European Central Bank next week, slowing the pace with which liquidity gets drained out of the financial system. The amount banks will repay on Jan. 22 is less than this week's repayments of 2.566 billion euros and well below the 3.5 billion euros that was forecast in a Reuters poll.
Thomas Monaco, managing director at Forensic Asia, explains his assessment of HSBC and why he believes that the group could find itself with a significant capital shortfall.
Simon Maughan, head of research at OTAS Technologies, says that HSBC's share price reaction shows that investors are not concerned about a report arguing the group is facing a major capital hole.
HONG KONG/SHANGHAI, Jan 17- China's banking regulator is pressuring banks to curb reliance on short-term borrowing and control risks from off-balance-sheet lending,.
David Buik, Market Commentator, Panmure Gordon & Co and Roger Nightingale Economist/Strategist, RDN Associates discuss the UK's Labour initiative to force bank branch sell-offs.
*China Credit Trust says pay out due on Jan. 31. SHANGHAI, Jan 17- The trust firm responsible for a troubled high-yield investment product sold through China's largest banks has warned investors they may not be repaid when the 3 billion-yuan product matures on Jan. 31, state media reported on Friday.
Discussing the state of the big banks and Citi's earnings miss, with Steven Chubak, Nomura, and Neil Weinberg, American Banker editor-in-chief.
WASHINGTON, Jan 16- In his last planned public remarks as head of the U.S. central bank, Federal Reserve Chairman Ben Bernanke said he believes the controversial steps he took to pull the economy from its deep slump were effective, with few of the costs that many feared.
The Treasury Department said it plans to sell 410,000 shares in auto lender Ally Financial as part of its effort to unwind its financial bailout fund.
Jan 16- Citigroup Inc posted weaker-than-expected quarterly results on Thursday, as lackluster bond-trading results weighed on overall revenue. The bond trading results lagged rivals' including Bank of America Corp and JPMorgan Chase& Co..
WASHINGTON, Jan 16- The United States is concerned that Europe is not moving decisively to heal its banks and that China will only slowly move toward a more market-based economy, U.S. Washington has been raising pressure on Europe to boost the region's ailing economies by revitalizing banks hit by a debt crisis.