More and more people are hiding cash in places other than a bank, according to an American Express study. CNBC's Kelli B. Grant breaks down the best way to stash your cash.» Read More
Bank of America and the Justice Department are closing in on a deal to settle mortgage probes that could reach as much as $17 billion.
Moody's Investors Service has put a negative outlook on the U.K. banking sector. Johannes Wassenberg, managing director at Moody's, explains that the changing regulatory framework will add pressure on U.K. lenders.
Ian Gordon, equity research analyst at S&P Capital IQ, discusses Standard Chartered's results, and says the group's losses should be lower in the second half.
OTTAWA, Aug 6- Canada followed the U.S. and European Union on Wednesday by announcing more sanctions on Russian individuals and entities, including VTB Bank OAO, Russia's second-largest bank by assets. In addition to VTB, Canada targeted Bank of Moscow and the Russian Agricultural Bank.
The U.S. Federal Reserve approved a resubmitted capital plan from Bank of America, which announced it has raised its dividend.
Wells Fargo has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat a drop in mortgage volumes.
*ECB debates how to implement sanctions against Russia. *ECB Governing Council to discuss issue on Thursday. FRANKFURT, Aug 6- Major Russian banks active in the euro zone could face caps or even exclusion from borrowing from the European Central Bank as it examines how European sanctions against Moscow affect its operations.
LONDON, Aug 6- Standard Chartered Plc has warned it faces another fine from New York's financial regulator for problems related to detecting transactions vulnerable to money laundering, piling more pressure on the Asia- focused bank and its bosses.
NEW YORK, Aug 6- Wells Fargo& Co has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat an industry-wide drop in mortgage volumes.
BANGKOK, Aug 6- Thailand's central bank left its benchmark interest rate unchanged on Wednesday, as expected, reiterating that the level is appropriate and that the economy, battered early this year by political turmoil, will rebound in the second half.
Standard Chartered is facing another substantial fine from U.S. regulators as it announced its first-half profits fell by 20 percent.
Paul Dowling, Principal Analyst at East and Partners, outlines the challenges that Standard Chartered faces.
WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better living wills, inching a step closer to taking action if these plans to avoid taxpayer bailouts during a future crisis were still deficient next year.
CNBC's Mary Thompson reports regulators have told banks their "living wills" need improvement and ask banks to address the shortcomings.
So-called living wills submitted by big banks are "not credible" and have to be revised by next July, federal regulators said on Tuesday.
WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better plans to avoid taxpayer bailouts during a future crisis, inching a step closer to taking action if they still found the so-called living wills deficient next year.
FRANKFURT, Aug 5- Deutsche Bank named U.S.-Swiss lawyer Nadine Faruque to lead a reform of its regulatory compliance practices, as it battles to cut a long and expensive list of investigations and potential settlements that have dogged it since the financial crisis.
Vidyo provides the technology behind Google's video chat "Google Hangouts." Ofer Shapiro, Vidyo CEO, launches a new banking application designed to aid consumers without going to a bank.
*Bank takes 708 mln hit from Banco Espirito Santo exposure. PARIS, Aug 5- France's Credit Agricole took a 708 million euro hit from its stake in troubled Portuguese lender Banco Espirito Santo, nearly wiping out its second-quarter net profit.
INVESTMENTS TO BE IN CONSTRUCTION, CLEAN ENERGY, BANKING, INFORMATION TECHNOLOGY SECTORS- WHITE HOUSE OFFICIAL.
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