Marty Mosby, banking analyst at Guggenheim Partners, told CNBC on Friday that patient investors could be rewarded by putting money in these four stocks.» Read More
Arjuna Mahendran, CIO of Emirates National Bank of Dubai lays out crucial investment strategies and key regions to keep an eye out for in 2014.
WASHINGTON, Dec 23- The American Bankers Association on Monday initiated a legal challenge to a provision of the "Volcker rule" that restricts bank ownership of certain investments. CB&T Bancshares Inc and its Citizens Bank and Trust Co subsidiary also signed on to the court filing, as did MBT Financial Corp and its Monroe Bank and Trust Co subsidiary.
One hundred years ago the Federal Reserve Act was signed, giving the United States exactly what it didn't need: a central bank.
The ABA said it will challenge the Volcker Rule unless regulators agree to suspend portions that restrict certain CODs, a report said.
*Fed buys $1.58 bln in bonds due 2036-43. NEW YORK, Dec 23- U.S. The U.S. central bank said last Wednesday it would reduce the size of its bond purchase program by $10 billion to $75 billion in January.
Jacob Zamansky, Zamansky & Associates partner, Scott Reckard, Los Angeles Times reporter, and Marc LoPresti, LoPresti Law Group, discuss the accusations levied against Wells Fargo Bank who is accused of opening customer accounts, without consent, to meet quotas and boost company profits.
CNBC's Kayla Tausche reports how banks are responding to Target's security breach and what measures they are rolling out to protect customers. Some banks will overnight clients a new credit card free of charge.
BRUSSELS, Dec 23- The European Union does not draw straight lines. "I want to underline the speed and the magnitude of this achievement," European Council President Herman Van Rompuy boasted after the deal among finance ministers.
Federal Reserve Board of Governors unveiled a proposal on Monday that would limit the scope of its authority to bail out a large financial company on the brink of collapse through its emergency-lending programs.
Here are five ways the Fed has expanded its influence over the past century.
Discussing cyber protection in Europe versus in the United States, with Harry Sverdlove, Bit9 chief technology officer, and John Hering, Lookout CEO & co-founder.
Banks recommend affected customers from the data breach at Target replace their cards immediately, reports CNBC's Kayla Tausche.
TORONTO, Dec 23- Bank of Canada Deputy Governor John Murray will retire in April, the central bank said on Monday, marking the second announced departure from the bank's governing council this month. Earlier this month, the bank said Tiff Macklem, senior deputy governor, would retire in May to become dean of a business school in Toronto.
Chase said it will raise limits on credit cards affected by the Target breach. Chase customers will now be able to withdraw $250 in cash and spend up to $1,000.
CNBC's Kayla Tausche has the details on how banks are responding to customers after Target's massive security breach. Account information is already being sold on the black market, reports Tausche.
The US government is killing big banks and another disaster awaits if we keep on this path, says bank analyst Richard X. Bove.
Howard Schiffman, head of litigation at Schulte Roth & Zabel, discusses whether the string of fines on large corporations are justified.
LONDON, Dec 23- The dollar eased on Monday, tracking a drop in long-dated Treasury yields, though with the Federal Reserve starting to withdraw some of its extraordinarily large monetary stimulus, losses are likely to be limited.
China's interbank rates spiked on Monday despite a liquidity injection by the central bank, still market watchers say there is no reason to panic.
*Traders see yuan steady near 6.07/ dollar through year-end. SHANGHAI, Dec 23- China's yuan held steady on Monday, with the market believing the central bank has achieved its unofficial yuan appreciation target for 2013 and will keep it stable till the year-end.