A "tougher" Volcker rule takes aim at executives, should the firms have lapses in oversight, according to people familiar with the matter.» Read More
MINNEAPOLIS, Sept 27- The next chair of U.S. "The main job is going to be to keep accommodation in place for the next few years, even though there is going to be lots of hue and cry to stop providing that accommodation," Narayana Kocherlakota, president of the Minneapolis Federal Reserve Bank, said in an interview with Reuters.
Sharon Bowles, chair of the EU's Economic and Monetary Affairs Committee, comments on the U.K.'s challenge to the EU regarding bankers' bonuses cap.
Former Bear Stearns CEO Alan Schwartz told CNBC that the possible $11 billion number surrounding the JPMorgan mortgage settlement talks make no sense.
OSLO, Sept 27- There is a "decent chance" the U.S Federal Reserve can start to wind down its monetary stimulus this year but there are risks which could push that process into next year, a senior Fed official said on Friday.
Alan Schwartz, Guggenheim Partners, discusses regulations and shares his insight on M&A activity and details of the Verizon-Vodafone deal. Also Schwartz weighs in on renovating Dodger Stadium and the serious implications of "income inequality."
A year after his ouster, Bob Diamond tells CNBC he's bullish on Barclays.
Robert Diamond, former Barclays CEO, discusses lessons he learned from the Libor scandal, and explains what he means by his "no jerks rule." Diamond also shares his thoughts on regulations and why he thinks firms are still "too big to fail."
LONDON, Sept 27- Investors wrong-footed by the Federal Reserve's decision to keep its stimulus programme unchanged have a chance to boost their bottom line by using cheap dollars, euros and yen to buy higher-yielding currencies. Average daily trading volumes shrank to $4.5 trillion in August, below a record high of $5.6 trillion in June, according to CLS Bank.
In 2011, debate raged in the markets over whether the Fed would embark on a third round of massive bond purchases. Pimco wasn't waiting to find out.
LONDON, Sept 27- British house prices shot up at their fastest annual pace in more than three years in September, data showed on Friday, just hours after the Bank of England was told to monitor a government lending scheme more closely.
TOKYO, Sept 27- The U.S. Federal Reserve's surprise decision not to start tapering its massive stimulus convinced the Bank of Japan about one thing- the need to keep market expectations anchored with a simple, clear message.
SINGAPORE, Sept 27- Sterling edged higher on Friday after Bank of England Governor Mark Carney was quoted as saying he sees no need for more bond-buying by the central bank given signs of recovery in the British economy.
Sept 27- The European Central Bank is set to become the euro zone's single bank supervisor from November next year. *The ECB appointed U.S. consultancy Oliver Wyman to help with the work of the Asset Quality Review of at least 130 eurozone banks.
*Germany reluctant to bankroll clean up of banks. BRUSSELS/ FRANKFURT, Sept 27- The European Central Bank's plan to test the health of the euro zone's largest lenders without the means to plug any holes it uncovers risks foiling what some see as the bloc's final chance to put its financial crisis behind it.
Valentijn Van Nieuwenhuijzen, Head of Investment Strategy, Multi Assets at ING Investment Management says that the project will be more successful if it is expanded beyond just one region.
FRANKFURT/ STOCKHOLM/ HOUGHTON, Mich., Sept 26- The Federal Reserve confused financial markets over scaling back its bond buying, four top officials said on Thursday, with one arguing the central bank should link tapering to drops in the jobless rate and another calling for a broad remake of strategy.
WASHINGTON, Sept 26- The failure of the Federal Reserve to begin scaling back bond buying at its meeting last week surprised financial markets and could undermine the effectiveness of its policies in the future, a top U.S. central banker said on Thursday.
Harry Binswanger, Ayn Rand Institute, thinks the U.S. should be showering moral praise on bank CEOs and millionaires. Tamara Draut, Demos VP of policy and research thinks this is "absurd."
Attorney General Eric Holder and JPMorgan CEO Jamie Dimon met on Thursday to work out a solution to legal issues surrounding the bank's mortgage-backed securities. CNBC's Kate Kelly reports there was progress at this morning's meeting.
Before Jamie Dimon could enter the Justice Department Thursday for settlement talks, he was photographed being made to show ID by security guards.