Keith Pogson, Senior Partner, Asia Pacific Financial Services at EY, outlines the hurdles ahead for major banks in complying with the new rules, which could cost them millions.» Read More
Nicholas Consonery, China Analyst at Eurasia Group talks about the merits of TPP deal and why China is shying away from it right now, which might just be temporary over the long term.
Bank fees rose for the 15th straight year, with fees for overdrafts and out-of-network ATM usage hitting record highs, according to Bankrate.com.
SAN FRANCISCO, Sept 30- The U.S. Federal Reserve has been able conduct effective monetary policy even though its main policy lever, a target for short-term rates, has been jammed at zero since late 2008, research published by the San Francisco Fed on Monday showed. Eric Swanson, a senior research advisor at the regional Fed bank, analyzed yields on U.S.
VATICAN CITY, Sept 30- The Vatican bank is likely to close all accounts held by foreign embassies, following concerns about large cash deposits and withdrawals by the missions of Iran, Iraq and Indonesia, according to people with knowledge of the situation.
FRANKFURT, Sept 30- The European Central Bank is set to stick to its policy course on Wednesday while keeping a wary eye on stumbling blocks to the euro zone's nascent recovery.
Twitter plans to make its initial public offering filing public this week, news website Quartz reported on Sunday.
More than $1 billion has been wiped off earnings estimates for five Wall Street banks on fears of a decline in trading revenues. The FT reports.
The Reserve Bank of New Zealand had been flagging for the past year its concern about the risks of an overheated housing market, particularly in the biggest city Auckland, and the risk that posed to the country's financial system if there should be sharp downturn.
NEW YORK, Sept 27- The U.S. Commodity Futures Trading Commission on Friday accused a Texas man of defrauding a bank of $42.4 million using ethanol futures contracts.
Billionaire basketball team owner Mark Cuban is heading to a court of a different kind on Monday.
Sept 29- Janet Yellen found love at the Federal Reserve. In connecting with George Akerlof, then on a temporary assignment at the Fed's research division in Washington, Yellen discovered not just a soul mate but an intellectual equal with similar views about the societal impact of economic policy.
JPMorgan Chase could reach a multibillion-dollar mortgage-backed bond deal as early as Tuesday, the New York Post reported.
MINNEAPOLIS/ OSLO/ NEW YORK, Sept 27- The Federal Reserve must be patient in deciding when to scale back bond purchases, top officials said on Friday, with one arguing it could wait "years" to lift interest rates and another suggesting it could tolerate inflation rising to 3 percent.
CNBC's Maria Bartiromo shares her observation on market uncertainty as who will replace Fed chairman Bernanke is still unknown.
MINNEAPOLIS/ OSLO, Sept 27- The Federal Reserve must be patient in deciding when to scale back bond purchases, two of its most dovish officials said on Friday, and one suggested that the central bank tolerate inflation as high as 3 percent to drive down unemployment.
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."