HSBC has sounded out investors about a flotation of its U.K. arm, in a move that would realize value from its high street banking business.» Read More
WASHINGTON, Oct 8- President Barack Obama will announce his intent to nominate Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central bank on Wednesday, a White House official said on Tuesday. If confirmed by the U.S. Senate, Yellen would replace Ben Bernanke, whose current term as head of the Fed ends in January.
Oct 8- President Barack Obama on Tuesday nominated Federal Reserve Vice Chair Janet Yellen to take the helm at the U.S. central bank when Ben Bernanke's term expires on January 31. The nomination must be approved by the U.S. Senate. -If confirmed by the Senate, Yellen, 67, would be first woman to head the U.S.
Oct 8- U.S. tax preparer H&R Block Inc is planning to terminate the sale of its banking assets to a unit of Republic Bancorp Inc, sending shares down 6 percent in extended trading. H&R Block in July said it would sell its banking unit to avoid a sharp rise in costs associated with the introduction of stricter banking rules by the U.S.
President Barack Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central bank on Wednesday, a White House official said on Tuesday. Obama is due to make the announcement at the White House at 3 p.m.. COMMENTS: SEAN CALLOW, SENIOR CURRENCY STRATEGIST AT WESTPAC IN SYDNEY:.
President Barack Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central bank on Wednesday, a White House official said on Tuesday. If confirmed, Yellen would replace Ben Bernanke, whose current term as head of the Fed ends in January. Obama is due to make the announcement at the White House at 3 p.m..
JOHNSTOWN, Pa./ NEW YORK, Oct 8- A Federal Reserve official known for her centrist views said on Tuesday she wanted to reduce the U.S. central bank's asset purchases last month, adding her voice to the Fed's so-called policy hawks who have spoken out against the shock decision to leave monetary policy unchanged.
Demand for dollar cash outside the US surged with market participants paying higher premiums for dollars to tide them over a mid-October deadline.
*EU Commission says blueprint sound, Germany softens stance. LONDON/ BRUSSELS, Oct 8- European Union lawyers have raised concerns about proposals for banking union, warning that plans aimed at drawing a line under years of financial crisis could fall foul of EU law.
CNBC'S Rick Santelli takes a look at the nation's growing debt and today's Treasury auction.
LONDON, Oct 8- After a stormy year for global emerging markets, one long-term casualty may be the decade-long push for central banking free from politics and the inflation-busting kudos that earned.
LONDON/ BRUSSELS, Oct 8- Parts of Europe's proposals for a banking union may fall foul of European Union law, lawyers have said in a fresh setback to plans aimed at strengthening the financial system after the debt crisis.
Top bankers warned lawmakers that paying interest on debt before obligations such as Social Security would pose severe risks to markets.
*Nabiullina pursues predecessor's anti-inflation agenda. MOSCOW, Oct 8- When at a recent Russian government meeting a minister abruptly proposed an inflationary change to the budget, the television cameras switched to the new central bank head, her face tightening.
WASHINGTON, Oct 7- The World Bank plans to cut $400 million from its budget as part of a sweeping reorganization to make the global development lender more efficient and responsive, the bank's chief financial officer said on Monday.
Hank Greenberg, C.V. Starr and Company chairman and CEO, explains why he thinks JPMorgan is being unfairly targeted.
JPMorgan Chase is preparing to fight likely CFTC charges that it manipulated derivative markets related to its "London Whale" trades of 2012.
MILAN/ ROME, Oct 7- Bowing to European Union requests, loss-making Italian bank Banca Monte dei Paschi di Siena unveiled thousands of new job cuts on Monday and asset sale plans in a bid to return to profit and stave off nationalisation.
Evangelos Mytilineos, CEO of Greek mining group Mytilineos, tells CNBC that funding remains "scarce" in Greece.
Raffaele Jerusalmi, CEO of Borsa Italiana, says the restructuring of the European banking sector is positive but highlights the need for the right balance between restructuring and regulation.
RIYADH, Oct 7- Saudi Hollandi Bank beat forecasts with a 37 percent rise in third-quarter net profit, joining rivals in benefiting from rising lending, deposits and dealmaking in an economy buoyed by years of high oil prices.