Treasury is proposing a new regulation to make the financial system more transparent, says Undersecretary David Cohen.» Read More
In identifying which banks would be top choices for 2014, CNBC conducted a surveys based on themes that are currently being explored by various analysts.
China's credit binge, Abenomics and the end of U.S. tapering are generating both challenges and opportunities in Asia's banking shares. CNBC's Adam Bakhtiar reports.
April 1- Wells Fargo& Co on Tuesday named a new chief financial officer and wholesale banking leader, in a shake-up of its top ranks. Dave Hoyt, Wells Fargo's current head of wholesale banking, will leave the bank at the end of June after a 32- year career.
April 1- Wells Fargo& Co said Chief Financial Officer Timothy Sloan would head the bank's wholesale banking group after David Hoyt retires on May 15. John Shrewsberry, head of Wells Fargo Securities, will succeed Sloan as chief financial officer, the company said on Tuesday.
April 1- A remarkable rise in U.S. bank lending may hold the key to the outlook for the U.S. economy, but it could be either very good or very bad news.
WASHINGTON, April 1- The World Bank plans to increase its funds for development by around 40 percent per year over the next decade as part of its first major realignment since 1997, the institution's president said on Tuesday.
DUBAI, April 1- Saudi Arabian conglomerate Ahmad Hamad Algosaibi& Brothers estimates its assets are worth less than a quarter of about $5.9 billion in claims made against it, a spokesman said as the group prepares a proposal to end one of the Middle East's biggest corporate debt disputes.
*China's official PMI improves, but stimulus hopes intact. *Gold, yen retreat as risk appetite returns. Major currencies and bonds continued their cautious jockeying before this week's European Central Bank meeting and U.S. jobs data.
Roger Weatherby, CEO of Weatherbys Bank and steward at the Jockey Club explains how the company evolved into a private bank and how it provides horse racing data to bookmakers around the world.
Daniel Lacalle, senior portfolio manager at Ecofin, and James Butterfill, global equity strategist at Coutts, discuss the European banking sector and whether banks would be able to pass a U.S. stress test.
SHANGHAI, April 1- China's yuan edged up against the dollar on Tuesday, taking cues from a slightly higher official mid-point fixed by the central bank, traders said.
Abdul Farid Alias, Group President and CEO of Maybank, hopes to boost revenue from the bank's overseas business to 40 percent of total income next year from 30 percent currently.
CHICAGO, March 31- Federal Reserve Chair Janet Yellen on Monday took a page from a politician's playbook to defend the U.S. central bank's easy-money policies, citing the struggles of three Americans in a speech and touring a college workshop to shake hands with students and teachers.
Judge said shareholders adequately alleged JPMorgan misled them about the bank's ability to manage risk before the losses surfaced.
LONDON, March 31- Global regulators aim to crack two of the biggest barriers to ending "too big to fail" banks by the end of this year, Financial Stability Board Chairman Mark Carney said on Monday. "We are looking to put ourselves in a position by Christmas to have cracked the two biggest issues," Carney told a reporters after an FSB meeting in London.
The U.S. dollar index of major currencies, coming off three days of gains, was down 0.11 percent to 80.089 in late afternoon New York trade after dipping below 80 in the wake of a speech in Chicago by Federal Reserve Chair Janet Yellen.
WASHINGTON, March 31- Top banks around the world benefit from an assumption that governments will rescue them during a panic, despite regulations meant to reduce the need for future bailouts, the International Monetary Fund said in a report on Monday.
*Asia stocks outside Japan hit highest level in 2014. NEW YORK, March 31- Stocks in major markets rose for a fifth straight session on Monday while gold, the yen and other safety assets fell after Federal Reserve Chair Janet Yellen reinforced the need for "extraordinary" commitment to support the U.S. economy.
FRANKFURT, March 31- Some of the yield-hungry investors pouring money into the financing of aeroplanes are likely to make losses, as they have pushed interest rates down to levels that sometimes do not reflect the risks, a leading lender to the sector forecast.
Russell Goldsmith, Chairman & CEO of City National Bank, shares his thoughts on how banking regulations are impacting regional banks. Neel Kashkari, (R-Calif.) gubernatorial candidate, weighs in.
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