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  • *Banks, Intel boost Wall Street. NEW YORK, April 15- European shares hit a 14- year high and the euro fell on Wednesday after the European Central Bank affirmed its loose policy stance, while U.S. stocks rallied after several strong earnings reports. U.S. stocks rallied, helped by better-than-expected results from banks JPMorgan Chase and Wells Fargo and earnings...

  • UPDATE 4-ECB promises 'firm' roll-out of money printing Wednesday, 15 Apr 2015 | 11:35 AM ET

    FRANKFURT, April 15- The head of the European Central Bank pledged on Wednesday to roll out its money-printing programme' firmly' and granted continued backing for Greece, saying there was no need yet to limit emergency funding for its banks. Describing speculation that the fledgling 60 billion euro a month scheme would be scaled back as "surprising", Mario Draghi...

  • ATHENS, April 15- Greek banks made more use of so-called emergency liquidity assistance in March, increasing their borrowing by 4.4 percent from the previous month as an outflow of deposits continued, Bank of Greece data showed on Wednesday. Emergency funding from the Greek central bank, which is more costly than borrowing from the European Central Bank, rose to...

  • NEW YORK, April 15- The U.S. dollar rebounded against the euro on Wednesday after the European Central Bank reiterated its dovish stance on monetary policy, though weaker-than-expected U.S. economic data limited the dollar's advance. The European Central Bank has no plans to curb or curtail its money-printing program, although it expects the euro zone...

  • BofA by the numbers Wednesday, 15 Apr 2015 | 10:08 AM ET
    BofA by the numbers

    Bank of America posted a first quarter profit. Brennan Hawken, UBS analyst, puts the quarter into context.

  • NEW YORK, April 15- U.S. That has at the margin supported the Treasury market this morning, "said Dan Mulholland, head of Treasuries trading at Credit Agricole in New York. New York Federal Reserve data earlier showed that growth in manufacturing activity in New York state also unexpectedly contracted in April, weakening for a third straight month as the pace of new...

  • EBS sets sights on running central system for FX fix Wednesday, 15 Apr 2015 | 10:05 AM ET

    LONDON, April 15- Currency trading platform EBS has been approached by major banks to provide a computerized system removing much of the human element behind a scandal over the manipulation of currency benchmarks by lenders, a senior EBS manager said. Such a facility has been discussed for some time as a way of reducing the risk of sensitive client order...

  • FRANKFURT, April 15- The European Central Bank has no plans to curb or curtail its money-printing program although it expects euro zone economic recovery to broaden and strengthen. Last month the ECB embarked on an asset-buying program with 60 billion euros a month of news money, which it has said will last until at least September 2016. "Purchases are intended to...

  • FRANKFURT, April 15- The extent to which additional emergency liquidity assistance will be provided to Greek banks "is entirely in the hands of the Greek government," European Central Bank President Mario Draghi said on Wednesday. Draghi told a news conference after the ECB's regular policy meeting there was no end date for ELA to Greek banks, adding: "It's...

  • *Q1 profit 27 cents/ shr vs. year-earlier loss 5 cents/ shr. *Legal expenses fall to $370 mln from $6 bln. April 15- Bank of America Corp, the No. 2 U.S. bank by assets, posted a first-quarter profit, narrowly beating analysts' estimates, as legal costs fell steeply and the bank earned more from mortgage lending and investment and brokerage services.

  • LONDON, April 15- European shares hit a 14- year high and the euro fell on Wednesday after the European Central Bank affirmed its loose policy stance and as weak data from China raised prospects of monetary easing there too. Firmer commodity prices and merger news also helped hoist European stocks, and U.S. stock index futures pointed to a firmer start on Wall...

  • *Wrangling with Athens casts cloud over brightening euro zone. FRANKFURT, April 15- The European Central Bank left interest rates unchanged on Wednesday, holding them at record lows as its money-printing scheme shows early signs of perking up the region's economy. In a news conference at 1230 GMT, the focus will widen as journalists probe Draghi on ECB support...

  • BofA misses on both top, bottom line Wednesday, 15 Apr 2015 | 8:05 AM ET
    BofA misses on both top, bottom line

    Insight on Bank of America's quarterly numbers, with CNBC's Kate Kelly.

  • BofA quarter good but not great: Analyst Wednesday, 15 Apr 2015 | 7:33 AM ET
    BofA quarter good but not great: Analyst

    David Hilder, Drexel Hamilton banking analysts, provides reaction to Bank of America's slight EPS miss.

  • UPDATE 1-Bank of America reports profit as expenses fall Wednesday, 15 Apr 2015 | 7:41 AM ET

    April 15- Bank of America Corp, the No. 2 U.S. bank by assets, posted a first-quarter profit, narrowly beating analysts' estimates, as costs fell and the bank earned more from mortgage banking and investment and brokerage services. BofA reported net income of $2.98 billion, or 27 cents per share, attributable to common shareholders compared with a loss of $514 million,...

  • LONDON, April 15- European shares hit a 14- year high on Wednesday before a meeting at which the European Central Bank is expected to affirm its loose policy stance, as weak data from China raised prospects of monetary easing there too. Firmer commodity prices and merger news also helped hoist European stocks, and U.S. stock index futures pointed to a firmer start...

  • Bank of America reports Q1 results Wednesday, 15 Apr 2015 | 7:00 AM ET
    Bank of America reports Q1 results

    Bank of America is reports EPS miss of $0.17 vs. $0.29 estimated.

  • LONDON, April 15- European shares hit a 14- year high on Wednesday before a meeting at which the European Central Bank is expected to affirm its loose policy stance, as weak data from China raised prospects of monetary easing there too. A banking source told Reuters on Tuesday the ECB raised the cap on emergency liquidity assistance that Greek banks can draw from...

  • FRANKFURT, April 15- European Central Bank policymakers have sanctioned further emergency funding for Greece's banks, a banking source said, amid clear signs that the wider euro zone economy is picking up. The ECB's borrowing rates are all but guaranteed to be held at record lows by policymakers meeting on Wednesday, but continued wrangling between Greece and...

  • Wall Street, get ready for strong bank earnings: Pro Tuesday, 14 Apr 2015 | 11:23 PM ET
    Wall Street, get ready for strong bank earnings: Pro

    John Maxfield, senior banking specialist at The Motley Fool, says the better-than-expected results from J.P. Morgan and Wells Fargo have set the tone for upcoming corporate report cards.

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