GO
Loading...

Banks

More

  • May 30- The City of Los Angeles has sued JPMorgan Chase& Co, accusing the largest U.S. bank of engaging in discriminatory mortgage lending practices that drove up foreclosures among minority borrowers.

  • WASHINGTON, May 30- Low financial market volatility has crept onto the list of concerns weighing on officials at the Federal Reserve. "Volatility in the markets right now is unusually low," New York Federal Reserve Bank President William Dudley said last week.

  • May 30- The City of Los Angeles sued JPMorgan Chase& Co on Friday, accusing the largest U.S. bank of engaging in discriminatory mortgage lending practices that drove up foreclosures among minority borrowers. Los Angeles in December filed similar lawsuits against Bank of America Corp, Citigroup Inc and Wells Fargo& Co, the next three largest U.S. banks.

  • The Alpine nation's bankers got a jolt last week after Credit Suisse agreed to plead guilty to helping wealthy Americans evade taxes and pay a fine of $2.6 billion, more than double the amount it had set aside for the purpose.

  • *UK banks and Moody's welcome plan, one investor skeptical. LONDON/ FRANKFURT, May 30- The European Central Bank and the Bank of England set out proposals on Friday to resurrect the European Union's market for asset-backed securities and help the flow of credit to smaller businesses.

  • *Fed funds market distorted by huge amount of excess reserves. NEW YORK, May 30- Don't count on the U.S. The Fed has flooded the financial system with $3.4 trillion, and $2.6 trillion of that has ended up back at the Fed as excess bank reserves.

  • *Negative deposit rate would impose cost on banks. By Paul Carrel and Laura Noonan. FRANKFURT/ LONDON, May 30- The European Central Bank is gearing up to charge banks for depositing with it, something that will require careful maneuvering if it is not to create the opposite result from that intended.

  • ECB action won't boost lending: Analyst     Friday, 30 May 2014 | 5:00 AM ET

    Kian Abouhossein, banking analyst at JP Morgan, says banks just want to preserve capital so any action by the ECB next week will not lead to additional lending

  • MUMBAI, May 30- Hailed as a troubleshooting "James Bond" of central bankers amid India's currency crisis last year, Raghuram Rajan was given a licence to kill inflation with higher interest rates and drive a programme of monetary policy reforms.

  • YANGON, May 30- Myanmar will grant foreign banks limited operating licences by the third quarter of this year, in a bid by the country's semi-civilian government to attract foreign investment into an economy just emerging from decades of military rule.

  • BEIJING, May 30- China's banking regulator said on Friday it was stepping up oversight to prevent risks from some failed property developers from spreading into the broader financial system, but said overall risk from property loans was controllable.

  • BEIJING, May 30- China's banking regulator said on Friday it was stepping up oversight to prevent risks from some failed property developers from spreading into the broader financial system, but said overall risk from property loans was controllable.

  • MUMBAI, May 30- Hailed as a troubleshooting "James Bond" of central bankers amid India's currency crisis last year, Raghuram Rajan was given a license to kill inflation with higher interest rates and drive a program of monetary policy reforms.

  • MENLO PARK, Calif., May 29- A top Federal Reserve official on Thursday called for the U.S. central bank to raise interest rates soon after it winds down its bond-buying stimulus and to raise them more sharply than most of her fellow policymakers expect.

  • NEW YORK, May 29- Wells Fargo& Co has agreed to pay $62.5 million to settle claims from a group of institutional investors that the bank improperly advertised a risky securities lending program as safe. In settling the case, Wells Fargo continued to deny any wrongdoing, according to court papers. Wells Fargo also did not immediately respond to requests for comment.

  • May 29- The U.S. Justice Department is pushing BNP Paribas SA to pay more than $10 billion to resolve a criminal probe into allegations that the French bank evaded U.S. sanctions against Iran and other countries for years, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

  • BRASILIA, May 29- The five BRICS nations will likely agree to fund their $100 billion development effort equally, giving them the same rights in a new multilateral bank that could start lending in two years, a senior Brazilian government official told Reuters on Thursday.

  • US seeks $10B penalty on BNP Paribas: Report Friday, 30 May 2014 | 2:14 AM ET

    The more than $10 billion fee to resolve alleged sanctions evasions would be the largest imposed on a bank, the Wall Street Journal says.

  • MOSCOW, May 29- Russia's biggest bank Sberbank said it may consider a government plan to boost banks' capital and lending, as it showed the impact of the Ukraine crisis on its bottom line with an 18 percent slide in profits and rising loan-loss provisions.

  • Fed's Lacker: Expect a positive GDP reversal in 2Q Thursday, 29 May 2014 | 12:49 PM ET
    Jeffrey Lacker, president and chief executive officer of the Federal Reserve Bank of Richmond.

    Federal Reserve Bank of Richmond President Jeffrey Lacker said he expects a positive GDP reversal in the second quarter.

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More