GO
Loading...

Enter multiple symbols separated by commas

Banks

More

  • TOKYO, May 14- Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals. Chief Executive Kozo Takahashi said he was not considering spinning off the company's troubled display business and would...

  • ATHENS, May 14- Repayment of what Greece owes to the European Central Bank should be pushed into the future, but it is not an option because it fills ECB chief Mario Draghi's "soul with fear," Greece's finance minister said on Thursday. Yanis Varoufakis said Draghi, president of the European Central Bank, cannot risk irritating Germany with such a debt swap because of...

  • BEIJING, May 14- China is considering implementation of a pilot program to securitise bad assets this year, Ye Yanfei, deputy director of the China Banking Regulatory Commission's prudential regulation bureau, told a press conference on Thursday. China's central bank is expected to publish rules on information disclosure for the issuance of asset-backed...

  • LONDON, May 14- Low interest rates that have forced investors to pile into riskier assets in the hunt for yield pose the biggest risk to financial stability at present, top banking regulators in Europe said at this week's Reuters Regulation Summit. Already historically low interest rates have been pressured further by the European Central Bank's 1...

  • MOSCOW, May 14- The Russian rouble fell sharply on Thursday after the central bank announced it was buying foreign currency worth $100- 200 million daily to replenish its reserves, a sign that it believes the rouble has strengthened far enough. The bank's move to buy forex represents a reversal from its actions last year, when the bank expended reserves to defend...

  • *To also get 25 billion yen from turnaround fund. TOKYO, May 14- Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals. Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ will inject a combined 200...

  • MOSCOW, May 14- The Russian central bank has decided to buy currency to replenish its reserves worth $100- $200 million on a daily basis starting from May 13, the bank said on Thursday.

  • HONG KONG, May 14- Shadow banking, a term often associated with murky funding, is emerging as an important source of credit for the real economy at a time when capital-strapped banks are reluctant to lend, regulators told Reuters. Yet, regulators should allow new forms of non-bank finance to develop if enough trust can be built in those systems, said Greg Medcraft,...

  • WASHINGTON/ NEW YORK, May 14- Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to revive its crippled economy. After years of being frozen out of the global banking system and...

  • Chile's CorpBanca says Itau merger deal undervalues it Wednesday, 13 May 2015 | 9:38 PM ET

    SANTIAGO, May 13- Chilean bank CorpBanca said a deal with Brazil's Itau Unibanco last year now considerably undervalues it, casting fresh doubt on the troubled merger between the two Latin American lenders. In a letter to the local regulator on Wednesday evening, CorpBanca said that solid results over the last year, plus a weak performance at the local arm of Itau,...

  • SINGAPORE, May 14- Gold hovered near a five-week high on Thursday, supported by overnight gains from sluggish U.S. retail sales data that triggered speculation the Federal Reserve will not hike interest rates soon. *Spot gold ticked 0.2 percent lower to $1,212.96 an ounce by 0033 GMT, but remains near a five-week high of $1,218.80 reached on Wednesday.

  • DIARY- Top Economic Events to May 27 Wednesday, 13 May 2015 | 8:01 PM ET

    WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the International Monetary Fund- 1400 GMT. LONDON- Bank of England member Don Kohn speaks to the Society of Business Economists- 1700 GMT. OTTAWA- Bank of Canada publishes its semi-annual review, with articles on Inflation Dynamics in the...

  • FOREX-Dollar recoils as retail sales sting, kiwi soars Wednesday, 13 May 2015 | 7:31 PM ET

    SYDNEY, May 14- The dollar languished at three-month lows against a basket of major currencies early on Thursday after surprisingly soft retail sales prompted investors to wonder if the Federal Reserve can afford to hike interest rates at all this year. Against the yen, the greenback slid to a two-week trough of 119.03, while the euro came within a whisker of a...

  • BRASILIA, May 13- Caixa Econômica Federal, Brazil's top mortgage lender, and the Industrial and Commercial Bank of China Ltd will create a $50 billion fund for Brazilian infrastructure investments, two government sources with knowledge of the plans said on Wednesday. The governments agreed the fund will finance a railway link from Brazil's Atlantic coast to...

  • SoFi: Fixing student loan borrowing Wednesday, 13 May 2015 | 8:17 AM ET
    SoFi: Fixing student loan borrowing

    CNBC's Julia Boorstin and SoFi's CEO Mike Cagney, discusses how his company provides non-banking alternatives for debt refinancing, which placed him 25th on CNBC's annual Disruptor 50 list.

  • NAIROBI, May 13- Kenya's Equity Bank plans to enter 10 more African countries in the next decade, in addition to the five it already serves, by building operations from scratch or acquiring existing lenders, its chief executive said on Wednesday. He said the bank's expansion strategy aimed at moving into Democratic Republic of Congo, Burundi, Zambia, Zimbabwe,...

  • BEIJING, May 13- Chinese banks made 707.9 billion yuan worth of new loans in April, much less than expected, as slowing earnings growth and rising bad loans made lenders more cautious despite government calls to help support the economy. Broad M2 money supply rose 10.1 percent from a year ago, missing market expectations of 11.9 percent and slowing from March's...

  • Factors that may hurt Japanese bank earnings Tuesday, 12 May 2015 | 7:44 PM ET
    Factors that may hurt Japanese bank earnings

    Brian Waterhouse, senior analyst for Japan Banks at CLSA, says domestic margin compression and competition that's hurting loan rates will weigh on bank earnings in Japan.

  • DIARY- Emerging Markets Economic Events to May 26 Tuesday, 12 May 2015 | 8:02 PM ET

    LONDON- Brazilian Finance Minister Joaquin Levy visits the United Kingdom and holds a press conference- 1645 GMT. SARAJEVO- Sarajevo Business Forum 2015. WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the IMF- 0800 GMT.

  • WASHINGTON, May 12- In unusual remarks for a moderate Republican who may run for president, New Jersey Governor Chris Christie said on Tuesday the Federal Reserve deserved part of the blame for a widening gulf between the rich and the poor. Though Christie has not formally launched a White House campaign, his remarks revealed the basis of his economic plan should...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.