John Shrewsberry, Wells Fargo CFO, discusses the housing purchase market and how it impacts its mortgages business.» Read More
Anshu Jain, co-CEO at Deutsche Bank, says the bank is very "focused" on its U.S. strategy and that it has a targeted plan to narrow the "competitive gap" there.
Deutsche Bank is taking steps to increase its capital reserves to take advantage of the "tectonic plate shift in European banking", Anshu Jain, co-CEO at Deutsche Bank told CNBC.
LONDON, May 19- Europe and Asia dragged world equity markets lower on Monday as concerns about slower growth in China prompted investors to cut their risks. Shanghai shares hit a three-week low as Beijing unveiled new regulations that tighten its grip on interbank lending to defuse risks among "shadow" non-bank financial firms that act like banks.
FRANKFURT, May 19- Deutsche Bank said a decision to seek 8 billion euros in new equity capital was driven by uncertainty about the cost of new regulations and the need for funds to expand its investment banking business. It plans to sell the new shares combined with at least 1.5 billion euros in hybrid debt by June 4.
HONG KONG, May 19- Shanghai shares plunged to a three-week low on Monday as financials and property stocks fell following stiffer regulations on interbank lending and more evidence of cooling in the property market. The CSI300 of the leading Shanghai and Shenzhen A-share listings lost 1.4 percent, reaching its lowest close since March 20.
FRANKFURT, May 19- Deutsche Bank aims to price and issue around 9.5 billion euros in both new equity and hybrid debt by June 4, the lender said on Monday. Germany's largest bank unveiled an 8 billion euro equity capital raising late on Sunday in a move to fortify its regulatory strength measures and put investor doubts to rest.
WASHINGTON, May 19- The two new nominees to the Federal Reserve's Board of Governors are expected to push for an expanded Fed role in managing the U.S. economy, working to replace the current raft of programs that resulted from the financial crisis with more permanent tools. The arrival of former Bank of Israel Governor Stanley Fischer and former U.S.
LONDON, May 18- Bank of England Governor Mark Carney gave his strongest warning to date about the risks of a housing bubble and said policymakers were looking at new measures to control mortgage lending.
NEW YORK, May 18- Interpreting Federal Reserve policy is hard enough, but the central bank may need to dust off its' How to' guide to explain the nuts and bolts of new tools it will use when it finally starts to raise interest rates. But managing that rate was easier when the banking system had about $800 billion in excess cash.
LONDON, May 16- Global plans to prevent taxpayers from having to pay for big bank failures are at risk because banking supervisors in Europe and Asia do not fully support some of the proposals aimed at drawing a line under the 2007-2008 financial crisis.
*Sale comes as Spain is attracting strong investor interest. MADRID, May 16- Spain will relaunch the sale of bailed-out lender Catalunya Banc next week after two failed auctions, sources close to the process said, and may include state support to spare the bank more losses and make it more attractive to investors.
NEW YORK, May 16- Two years ago, Denver- based oil and gas driller Bonanza Creek Energy wanted to spread its credit risk and hedge its production- and it called on some regional Main Street banks to help do it. Ohio- based KeyCorp led the lenders and was also among the banks providing hedging.
HONG KONG, May 16- China's yuan is set to record a small weekly loss against the dollar after posting its strongest week in more than two years last week, as the market awaits clearer signals on direction. The People's Bank of China set the official midpoint at 6.1628, up 0.02 percent from the previous day's 6.1640.
Credit Suisse Group AG is expected to plead guilty and pay more than $2.5 billion to U.S. authorities, sources said.
CHICAGO, May 15- Farmland prices in the U.S. Plains and Midwest eased along with farm income in the first quarter of 2014 and more softness was expected into the summer, according to Federal Reserve Bank quarterly surveys issued on Thursday.
CHICAGO, May 15- Farmland prices in the U.S. Corn Belt softened in the first quarter of 2014, reflecting expectations for lower farm income as grain prices slide, the Federal Reserve Bank of Chicago said on Thursday.
Corn Belt and Delta region of the Midwest eased in the first quarter of 2014 compared with the previous quarter as bidding for grain acreage and rents tracked lower grain prices over the winter and expectations for this year, the Federal Reserve Bank of St. Louis said on Thursday.
CHICAGO, May 15- Crop land prices in the central Plains were steady to weaker in the first quarter of 2014 compared to the previous quarter as lower grain prices weighed on the outlook for farm income this year, the Federal Reserve Bank of Kansas City said on Thursday.
A top Fed official lauded the economic benefits of small businesses, citing demand and limited funding as reasons that loans from banks remain flat.
*EBRD chief says loans to Russia could drop as economy slows. WARSAW, May 15- Lending to Russia by the European Bank for Reconstruction and Development could drop as the economy slows, the bank's head said on Thursday, while it may step up loans to countries at risk of economic damage from the Russia- Ukraine crisis.