CNBC's Mary Thompson reports Bank of America, Citi Group, and JPMorgan Chase are among 16 big banks being sued by FDIC for manipulating the LIBOR benchmark interest rate.» Read More
LONDON, Nov 13- Copper fell to its lowest in two months on Wednesday on a looming surplus and as the dollar rose against the euro after a Federal Reserve official raised the prospect of a retreat from monetary stimulus next month.
LONDON, Nov 13- Gold rose on Wednesday, snapping a four-day fall, after U.S. Attention now is on the comments that Fed President nominee Janet Yellen will make at her Senate confirmation hearing on Thursday. "Investors are trying to assess the message of the Fed speakers to see if that is bullion-friendly," Societe Generale analyst Robin Bhar said.
*Germany wants rules in 2015 to push bank losses on investors. BRUSSELS, Nov 13- Market euphoria and soaring demand for European bank debt could be brought back down to earth if the European Union pushes ahead with the early introduction of rules allowing Cyprus-style raids on bank creditors and big depositors.
*Sterling pops higher after UK jobs data. LONDON, Nov 13- Uncertainty about the timing of a cut in Federal Reserve stimulus and the fine print of economic reforms in China kept global markets under pressure on Wednesday.
LONDON, Nov 13- The dollar rose against the euro and hovered close to a two-month high against the yen on Wednesday after an influential member of the Federal Reserve kept the door open to a first reduction in monetary stimulus in December.
MUMBAI, Nov 13- Vulnerable emerging Asian currencies weakened and regional shares tumbled to six-week lows on Wednesday as mixed signals from Federal Reserve officials raised prospects for the U.S. central bank to roll back its asset-buying stimulus next month.
LONDON, Nov 13- European stocks were led lower by energy stocks on Wednesday, on concern the U.S. central bank could trim its stimulus programme sooner than expected, although a leading index remained in its recent tight trading range.
*Fed keeps missing on GDP forecasts. NEW YORK/ SAN FRANCISCO, Nov 13- Year after year Federal Reserve policymakers have clung to a belief that the U.S. economy will soon regain its pre-recession stride.
*Investors await Yellen's Senate confirmation hearing for top Fed post. TOKYO, Nov 13- Emerging Asian currencies skidded and regional shares tumbled to six-week lows on Wednesday as mixed signals from Federal Reserve officials raised fresh concerns about an imminent rollback of the U.S. central bank's asset-buying stimulus.
*Bad loans rose $3.96 bln in Q3 to show worst quarterly rise since Q4 2005. SHANGHAI/ BEIJING, Nov 13- Bad loans held by Chinese banks rose by the largest amount in eight years in the third quarter, adding to concerns about excessive debt as the world's second largest economy slows.
*Investors await Yellen's Senate confirmation hearing for top Fed post. TOKYO, Nov 13- Asian shares skidded to six-week lows and the dollar wobbled on Wednesday as investors pondered mixed signals from U.S.
The probe into foreign exchange manipulation has widened to include the world's biggest banks and actively traded currencies. The FT reports.
*Investors await Yellen's Senate confirmation hearing for top Fed post. TOKYO, Nov 13- Asian shares sagged and the dollar wobbled on Wednesday as investors pondered mixed signals from U.S. MSCI's broadest index of Asia-Pacific shares outside Japan fell about 0.7 percent, while Japan's Nikkei stock average slipped 0.6 percent.
SINGAPORE, Nov 13- Gold was trading near a four-week trough on Wednesday and looked likely to test further lows as mixed signals from Federal Reserve officials added to uncertainty over the fate of the U.S. central bank's stimulus measures.
Sumitomo Mitsui Financial Group said its first-half net profit increased 53% on the year to 5 billion dollars. Sachiko Kishida reports.
CNBC's Maria Bartiromo shares her observation on reports that the retail investor is pouring money into the stock market.
*Wall Street erases some losses on dovish Feds comments. NEW YORK, Nov 12- Global equity markets and government debt prices slipped on Tuesday and the dollar rose as investors contemplated prospects for fewer bond purchases by the Federal Reserve, a critical support for asset prices and the economy.
MONTGOMERY, Ala./ ST. PAUL, Minn., Nov 12- The Federal Reserve should keep monetary policy ultra-easy given the economy's tepid growth and an uncertain outlook for jobs growth, two senior officials said on Tuesday, reinforcing views that the U.S. central bank will not taper bond buying before next year.
WASHINGTON, Nov 12- Wall Street banks could get greater power to fight back against bad report cards on their efforts to combat money laundering under a proposal being discussed by U.S. regulators and the financial industry.
Nov 12- With the European Central Bank and U.S.