Societe Generale and Credit Agricole are both targets of inquiries from several US government offices for allegedly dealing in Iran, Sudan and Cuba.» Read More
Australia's top four banks have posted another year of record earnings, but that strong run could be at risk, analysts say.
SAN FRANCISCO/ BOSTON, Nov 4- The Federal Reserve should scale back its asset purchases only when the U.S. economy shows clearer signs of improvement and even then it should act slowly, one senior central banker said on Monday, while two others stressed there is no need to rush.
CNBC's Maria Bartiromo shares her observation on capital requirements put out by the Federal Reserve going into 2014.
BOSTON, Nov 4- The Federal Reserve can afford to be patient in deciding when to begin scaling back its bond purchases because there will be little difference to the size of the Fed's balance sheet whether the U.S. central bank starts to taper in December or waits until April, a top Fed official said on Monday.
LONDON, Nov 4- U.S. hedge fund Aurelius Capital Management, which will take a stake in Co-op Bank under a rescue plan for the British mutual lender, is also protagonist in a lengthy and bitter court battle over Argentina's debt default.
The underperformance of this critical sector could indicate trouble for the S&P 500.
CNBC's Tyler Mathisen, Bob Pisani and Dominic Chu discuss the fallout from the SAC Capital settlement and the likelihood U.S. Attorney Bharara will go after individuals.
WASHINGTON/ SAN FRANCISCO, Nov 4- The Federal Reserve should scale back its asset purchase program only when the U.S. economy improves and even then only slowly, one senior U.S. central banker said on Monday.
NEW YORK/ LONDON, Nov 4- Gold rose in quiet trade on Monday, lifted by a dollar drop and comments by a senior Fed official that the U.S. central bank should keep up its monetary stimulus. Gold prices were supported after St.
*Gold, oil seen vulnerable to Fed tapering expectations. NEW YORK, Nov 4- Major world stock indexes mostly rose on Monday, with the S&P 500 poised to extend a four-week winning streak, while European manufacturing data helped the euro recover from a six-week low.
*Gold, oil seen vulnerable to Fed tapering expectations. LONDON, Nov 4- Robust euro zone factory data lifted the single currency off a six-week low on Monday and boosted shares, but did little to shift expectations that the European Central Bank was about to signal a policy easing.
*All eyes on ECB meeting amid talk of policy loosening. LONDON, Nov 4- Gold edged higher on Monday as the dollar retreated but stayed under pressure from talk the European Central Bank may loosen monetary policy and speculation the Federal Reserve may scale back U.S. stimulus later this year.
*HSBC up on strong quarterly earnings. *Ryanair, Weir fall on profit warnings. LONDON, Nov 4- Shares in banking heavyweight HSBC gained on Monday on strong results, in a rising market supported at five-year highs by expectations of additional monetary stimulus from the European Central Bank.
BRUSSELS, Nov 4- The European Union is considering using an EU fund for non-euro zone states with balance of payments problems as a backstop for banks in those countries that fail regionwide financial health checks, EU officials said. Around 13 billion euros was disbursed to support Romania, Hungary and Latvia over the past three years.
*All eyes on ECB meeting amid talk of policy loosening. LONDON, Nov 4- Gold prices eased on Monday on talk that the European Central Bank may loosen monetary policy this week and as speculation revived that the U.S. Now December is back on the agenda, " Societe Generale analyst Robin Bhar said.
LONDON, Nov 4- Increased prospects of a European Central Bank interest rate cut this year sent the euro to a six-week low on Monday and boosted the region's share markets, which extended gains on robust manufacturing data.
James Ferguson, founding partner at The MacroStrategy Partnership, comments on HSBC's latest results and says the bank is "pretty robust" and a "good yielder".
*Westpac's cash profit A $7.1 bln in line with consensus. *Westpac final dividend A $0.88 vs A $0.84 a year earlier. SYDNEY, Nov 4- Westpac Banking Corp notched up record profits and unveiled a special dividend in a stellar year for Australian banks, and expectations are high that the industry will deliver more earnings growth in 2014..
HONG KONG, Nov 4- China's yuan was little changed against the dollar on Monday after the central bank set a slightly weaker midpoint for the sixth consecutive day, signalling its intention to keep the yuan stable for now, traders said.
Francis Lun, CEO at GEO Securities says the cost of compliance will affect banks earnings for years to come.