Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.» Read More
Hartmut Issel, Head of CIO Wealth Management, APAC at UBS talks about the possible impact on US treasury yields and the banking sector if the ongoing growth recovery beats market expectations.
*Yuan will face near-term resistance at 6.05/ dollar. SHANGHAI, Jan 2- China's yuan pulled back slightly from a record high against the dollar on Thursday after the central bank fixed a weaker midpoint, following the currency's traditional year-end burst of appreciation.
A number of players managed to top the stock index with smart stock-picking or distressed investing nonetheless. The big winners?
Frank Keating, American Bankers Association president & CEO, discusses new fee increases for mortgages and explains the pressure it puts on the economy and rental markets.
SHANGHAI, Dec 31- China's yuan hit a record high for the third straight session and was headed for its best day in three weeks on Tuesday, as the central bank steered the currency higher to meet a pre-determined full-year target, traders said.
SHANGHAI, Dec 31- China's yuan hit a record high for the third straight session and was headed for its best day in over two months on Tuesday, as the central bank steered the currency higher to meet a pre-determined full-year target, traders said.
Wells Fargo will pay a net $541 million to Fannie Mae to settle claims over defective home loans.
Dec 30- Wells Fargo& Co will pay a net $541 million to Fannie Mae to settle claims over defective home loans, completing the government-controlled mortgage company's efforts to have banks buy back troubled loans made before the financial crisis.
A delay to vital fundraising at Banca Monte dei Paschi di Siena has increased the risk that the bank has to be nationalized.
To prevent falling behind in capturing business in China, JPMorgan turned to a tactic used by rivals: hiring the children of China's ruling elite.
Patrick Chovanec, Chief Strategist at Silvercrest Asset Management, says bad debt and an infatuation with high growth remains some of China's top issues.
SIENA, Italy, Dec 28- Italy's third-biggest bank Monte dei Paschi di Siena was forced to delay a vital 3 billion euro share sale to raise capital until mid-2014 because of shareholder opposition, plunging its turnaround plan into uncertainty.
The top investor in Banca Monte dei Paschi di Siena looked set to force a delay in a 3-billion euro capital hike the Italian lender needs to carry out.
WASHINGTON, Dec 27- U.S. bank regulators said on Friday they would consider allowing banks to hold on to certain complex securities despite a new rule limiting risky investments.
A federal judge on Friday approved Bank of America's $39 million settlement of a gender discrimination lawsuit by female brokers.
CNBC's Mary Thompson reports regulators are reviewing a ban on banks holding certain debt securities, and explains how this will impact smaller banking institutions.
*Bank needs to carry out 3 bln euro cap hike to repay state aid. SIENA, Italy, Dec 27- Tensions at troubled Monte dei Paschi di Siena grew on Friday with sources saying Chairman Alessandro Profumo may quit if the Italian bank's top investor slaps him on the face by delaying a vital 3 billion euro capital hike.
LONDON, Dec 27- The euro jumped to its strongest level against the dollar in more than two years on Friday as banks adjusted positions for the year end. "There's a lot of attention on the AQR, and there's some positioning ahead of the end of the calendar year," said John Hardy, FX strategist at Danske Bank in Copenhagen.
CNBC's Scott Cohn reports on the difference U.S. Attorney Preet Bharara is making on Wall Street.
TOKYO, Dec 27- Japan's banking industry body said it would set up a separate administrator for interbank benchmark rates with more independent monitoring of the rate-setting process, which is under review globally in the wake of rate-rigging scandals.
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