Kelly King, BB&T chairman and CEO, reacts to the role mortgage lending played in its weak quarterly report. King says the current yield curve reflects a slow economy.» Read More
*Deal pushes Deutsche Bank deeper into red in 2013 Q4. FRANKFURT, Feb 20- Deutsche Bank ended a 12- year battle with the heirs of media mogul Leo Kirch on Thursday, closing one of Germany's most acrimonious corporate disputes in a deal costing the country's largest lender about 925 million euros.
MILAN, Feb 20- Italian banks, burdened by 156 billion euros in gross bad debts and twice that amount in doubtful loans, are under the spotlight in an asset review of euro zone lenders conducted by the European Central Bank this year. The ECB review targets the top 15 among Italy's 690 banks.
WASHINGTON, Feb 20- Federal Reserve Chair Janet Yellen will testify before U.S. lawmakers on Feb. 27 after a Senate panel previously canceled the original hearing date due to a recent snowstorm in Washington, D.C.. She will face the Senate Banking Committee at 10:00 a.m. on Feb. 27, the committee said.
Deutsche Bank ended its decade-long battle with the heirs of late media mogul Leo Kirch on Thursday.
*Deal pushes Deutsche Bank deeper into red in 2013 Q4. FRANKFURT, Feb 20- Deutsche Bank ended its decade-long battle with the heirs of late media mogul Leo Kirch on Thursday, closing one of Germany's most acrimonious corporate battles in a deal that will cost the country's largest lender about 900 million euros.
NIGERIAN PRESIDENT GOODLUCK JONATHAN HAS NAMED MANAGING DIRECTOR OF ZENITH BANK GODWIN EMEFIELE AS NEXT CENTRAL BANK GOVERNOR; WON'T START UNTIL JUNE- SENATOR.
FRANKFURT, Feb 20- Deutsche Bank on Thursday said it had reached a settlement with the heirs of late media mogul Leo Kirch, ending an acrimonious legal battle that has dogged German's largest bank for more than a decade.
SYDNEY- Institute of Internal Finance/G20 conference in Australia. Speakers: Deputy Prime Minister of Turkey, Ali Babacan, Financial Stability Board Secretary General, Svein Andresen, U.S. Department of the Treasury Assistant Secretary, Marisa Lago and South African Reserve Bank Deputy Governor Daniel Mminele.
NEW YORK, Feb 19- A top U.S. central banker said on Wednesday he expects interest rates to stay near zero until "well into next year," adding that the Federal Reserve will soon need to modify its verbal promise to keep monetary policy so easy for a while to come.
NEW YORK/ ST. LOUIS, Feb 19- Three Federal Reserve officials on Wednesday said they believe the U.S. economy is gaining traction despite a recent slowdown from cold weather, allowing the central bank to stick to its plan to wind down its massive bond-buying stimulus this year.
*A' clear presumption' of more $10- bln cuts to bond buys. Feb 19- Several Federal Reserve policymakers wanted to drive home the idea that their asset-purchase program would be trimmed in predictable, $10- billion steps unless there is a big economic surprise this year, according to minutes of their last meeting.
CNBC's Kayla Tausche reports banks are making big changes to its two year analyst programs.
FRANKFURT, Feb 19- Deutsche Bank is close to a 900 million euro deal to settle a dispute with the heirs of late media mogul Leo Kirch, a move that would end an acrimonious courtroom battle that has dogged German's largest bank for more than a decade.
Capital One is revisiting a policy that allows bank workers to make personal visits to customers and identify themselves in any manner they choose.
As fewer and fewer of the best and brightest college and MBA graduates opt for careers in investment banking, Wall Street finds that it must change or face getting left behind. CNBC's Kayla Tausche reports.
*China's central bank stirs anxiety. LONDON, Feb 19- The dollar was hovering at its lowest level of the year on Wednesday as investors waited to see if Federal Reserve policymakers had foreseen this month's relatively weak U.S. economic data at their latest meeting.
Costs associated with the Target breach have escalated for banks and credit unions, and now top $200 million, The WSJ reports.
*Barnier says stop blaming Brussels for home-grown problems. BRUSSELS, Feb 19- Michel Barnier, who led an unprecedented overhaul of European banks after the financial crisis, has declared his reform drive complete and pledged less red tape if he wins the post of European Commission president.
*National supervisors briefed by ECB team on tests on Monday. LONDON, Feb 19- Euro zone banks face penalties if they miss deadlines set by the European Central Bank in its landmark review of lenders' balance sheets, national supervisors were told at a Frankfurt meeting, according to sources familiar with the talks.
CNBC's Kayla Tausche reports on the efforts of big banks to retain young talent on Wall Street.
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