Deutsche Bank is facing pressure from investors to raise capital amid fears the bank is not robust enough to face challenges, Financial Times reports.» Read More
Dick Bove, Rafferty Capital vice president of equity research, discusses the big lift banks received from the Fed's taper call and how it will impact financials in 2014. Bove says in 2014 banks will earn $50 billion net-after- tax and set an all-time record.
WASHINGTON, Dec 19- A Deutsche Bank AG unit will pay $6.5 million to settle civil charges stemming from "serious and operational deficiencies" in a lending program mainly for hedge funds, Wall Street's self-funded regulator said on Thursday.
*Gold slumps, clings above year lows. NEW YORK/ LONDON, Dec 19- U.S. government bonds sold off sharply on Thursday, one day after the Federal Reserve started winding down its crisis-era stimulus, while major U.S. equity averages slipped from record levels reached in Wednesday's post-Fed rally. Gold slumped, extending months of weakness in the precious metal.
*FTSEurofirst 300 and Euro STOXX 50 up more than 1.5 percent. LONDON, Dec 19- European shares rallied on Thursday after the Federal Reserve unveiled plans to phase out its stimulus plan more gently than many had expected in the face of a stronger economy, although weak U.S. jobs data took the shine off the rally in late trade.
BRUSSELS, Dec 19- A hard-fought EU agreement on how to handle failing banks attracted sharp criticism on Thursday, with the president of the European Parliament describing it as possibly the biggest policy failure since the euro crisis erupted four years ago.
WASHINGTON, Dec 19- A unit of Deutsche Bank AG will pay $6.5 million to settle civil charges stemming from "serious and operational deficiencies" uncovered by regulators in its enhanced lending program, Wall Street's self-funded regulator said on Thursday.
NEW YORK, Dec 19- The dollar traded near a five-year high against the yen on Thursday, a day after the Federal Reserve surprised some investors by announcing its long-awaited first cut in its bond-buying program.
LONDON, Dec 19- Deutsche Bank AG is holding preliminary talks with potential buyers of its uranium trading business- the first sign since announcing it was largely exiting commodities trading that parts of the operation are now on the block.
LONDON, Dec 19- European shares climbed to a two-week high on Thursday in a broad market rally, with cyclical stocks racing higher after a modest stimulus cut by the Federal Reserve and signals it would keep rates low for a longer period.
LONDON, Dec 19- Global regulators have softened proposed new rules for securitisation in a bid to help to kick start a financing method tarnished by the financial crisis. Securitisation in Europe has dropped from $1.2 trillion in 2008 to $322 billion last year, according to Bank of England figures.
*Euro just off almost two week low of $1.36495. LONDON, Dec 19- The dollar struggled to gain ground on Thursday after the Federal Reserve surprised many analysts by announcing its long-awaited first cut in bond-buying but couched it by promising interest rates would stay low for longer.
Fabrizio Saccomanni, Italian finance minister, says the bank backstops should only be used in a ¿fundamental crisis¿ but will ¿diffuse tensions¿ in the banking sector.
Richard Staite, U.S. banks analyst at Atlantic Equities, says U.S. bank stocks can rise further as investors will be buying into the sector when interest rates rise.
*Fed tapering may keep yen weak, support Japan CPI-analysts. TOKYO, Dec 19- The Federal Reserve's smooth start in dialing down its massive stimulus without disrupting markets removes one uncertainty for the Bank of Japan, giving it more time to decide whether further monetary expansion will be needed next year, analysts say.
CNBC's Julia Chatterley speaks to ECB board member Joerg Asmussen and Swedish finance minister Anders Borg, about the details of the European Union's banking plans.
MEXICO CITY, Dec 18- Rules aimed at boosting oversight of Mexican derivatives trades and pushing most transactions through a central clearing house will soon be published, Mexico's banking regulator said on Wednesday.
*Central bank to offer $200 mln worth of currency swaps per day. SAO PAULO, Dec 18- Brazil's central bank announced on Wednesday a likely slowdown in the pace of currency intervention next year, a move that appears aimed at taking advantage of an upbeat market reaction to U.S. policymakers' decision to cut back on monetary stimulus.
BRUSSELS, Dec 19- The European Union agreed on Thursday a blueprint to close failing banks but stopped short of a more ambitious plan for the euro zone to unite in tackling its troubled lenders.
*Fed trims bond buying $10 bln to $75 bln, starting in Jan. SYDNEY, Dec 19- Asian share markets rallied on Thursday as a Federal Reserve commitment to low rates offset a long-dreaded decision to taper stimulus, sending Wall Street to record heights and the dollar galloping above 104.00 yen for the first time since 2008..
Brian Waterhouse, Senior Analyst, Japan Banks at CLSA, cites contracting margins and low domestic loan demand as reasons to be cautious on Japanese banks.
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