John Shrewsberry, Wells Fargo CFO, discusses the housing purchase market and how it impacts its mortgages business.» Read More
Five years after the economic crisis, banks have a huge problem that could start extracting a significant toll on their bottom lines.
See how your state's banks fare in customer service, stability, interest rates and choice in a national ranking compiled by MoneyRates.com.
*Afghanistan threatened with blacklisting next month. "China is a major country that was handling those bank transfers, and now they have told the banks they can't do it," governor Noorullah Delawari told Reuters.
MADRID, May 22- Britain's Barclays is sounding out potential buyers for its Spanish retail bank, people familiar with the matter said, adding that local peers and private equity firms could be interested in parts of the business.
STOCKHOLM, May 22- Iceland's central bank will not be rushed into approving a deal between creditors of failed lender Landsbanki and state-owned Landsbankinn which is seen as a key step to removing capital controls, Governor Mar Gudmundsson said on Thursday.
Real-world considerations usually make it impossible to achieve perfect justice—and the Credit Suisse case has gray areas.
TORONTO, May 22- Royal Bank of Canada and Toronto-Dominion Bank topped second-quarter estimates on the back of low loan-loss provisions and stronger retail lending and wealth management income, spurring shares of Canada's top two banks to all-time highs on Thursday.
CNBC's Rick Santelli speaks to Senator David Vitter, (R-La.), about Mel Watt's plans for GSE reform.
May 22- Wall Street's industry-funded regulator is examining ties between Credit Suisse Group AG and a number of trading firms over concerns that the Swiss bank enabled potentially improper trading, the Wall Street Journal reported, citing people familiar with the probe.
ISTANBUL, May 22- Turkey's central bank surprised markets with its first rate cut in a year on Thursday, weeks after Prime Minister Tayyip Erdogan called for rates to fall- reviving questions about political pressure on the bank. Yields on Turkey's two-year bond slid to a six-month low after the announcement.
TORONTO, May 22- Toronto-Dominion Bank said on Thursday that its quarterly profit rose 16 percent as recent credit card and wealth management acquisitions boosted Canadian and U.S. retail lending.
*Central bank highlights corporate bad loans. BUDAPEST/ LONDON, May 22- Hungary's central bank proposed regulatory action on Thursday to encourage commercial banks to clean bad corporate loans from their books, a move which could improve their ability to lend and accelerate a shake-up of the sector.
ISTANBUL, May 22- Turkey's central bank lowered its main interest rate for the first time in a year on Thursday despite stubbornly high inflation, in a surprise move weeks after Prime Minister Tayyip Erdogan called for a rate cut.
TORONTO, May 22- Toronto-Dominion Bank said on Thursday that its quarterly profit rose 16 percent on the back of strong Canadian and U.S. retail lending. Canada's second-largest bank earned C $1.99 billion, or C $1.04 a share, in the second quarter ended April 30, compared with C $1.72 billion, or 89 Canadian cents a share, a year earlier.
LONDON, May 22- The price of gold rose on Thursday on the U.S. economy getting further monetary support from the Federal Reserve but gains were kept in check as holdings in the top bullion-backed fund fell the most in three weeks to a five-year low.
TORONTO, May 22- Royal Bank of Canada reported a 15 percent rise in quarterly profit on Thursday, driven by strong domestic lending volumes and capital markets revenue. Canada's largest bank said it had earned C $2.20 billion, or C $1.47 a share, in the second quarter ended April 30, up from C $1.91 billion, or C $1.25 a share, a year earlier.
LONDON, May 22- European stocks edged higher at the open on Thursday, boosted by expectations the Federal Reserve would continue to support the U.S. economy and by data showing a pick-up in Chinese factory activity.
There are clear signs of a recovery in Italian non-performing loans says Carlo Messina, CEO of Intesa, as Italians return to consumption due to the reduction of the spreads.
Carlo Messina, CEO of Intesa, says that only a devaluation of the euro will increase Europe's real economy and explains why he hopes the ECB will start a quantitative easing program.
*Banco de Chile could be next in line to tap Australian market. SYDNEY, May 22- Australia's A $1.5 trillion bond market is attracting interest from borrowers in Latin America and the Middle East, as they seek to diversify their portfolio and lower funding costs in the world's fourth-largest pension savings pool.
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