Marty Mosby, Banking Analyst at Guggenheim Partners, tells CNBC's Cash Flow that the Volcker Rule has already been priced into banking stocks and interest rates.» Read More
LONDON, Aug 25- Leaders of the world's top economies meet on Sept. 5-6 to endorse the final piece of their financial crisis regulatory reforms: rules for the $60 trillion "shadow banking" sector. *Money market funds: The United States has already proposed tighter rules to avoid repeat of "runs" seen in the financial crisis.
*G20 to endorse shadow banking package Sept 5-6. LONDON, Aug 25- World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next month to avoid damaging the flow of finance to the global economy.
JACKSON HOLE, Wyo., Aug 24- Global financial stability is at risk as central banks draw back from ultra-easy policies that have flooded the world with cash, because emerging markets lack defenses to prevent potentially huge capital outflows, top officials were warned on Saturday.
JACKSON HOLE, Wyo., Aug 24- Central banks should coordinate to avoid unwanted side effects as they exit from ultra-easy monetary policies that have left the world awash in cheap money, top policymakers were told on Saturday.
Central banks in Europe, the United States and Japan have no need to rush to exit the ultra-easy monetary policies they have put in place to spur growth, IMF Managing Director Christine Lagarde said.
JACKSON HOLE, Wyo., Aug 23- Central banks in Europe, the United States and Japan have no need to rush to exit the ultra-easy monetary policies they have put in place to spur growth, IMF Managing Director Christine Lagarde said on Friday.
JACKSON HOLE, Wyo., Aug 23- Central banks in rich countries cannot ignore the international effects of their policies, and conducting monetary policy in a vacuum could spark another financial crisis, Mexico Central Bank Governor Agustin Carstens said on Friday.
CNBC's Scott Cohn and Kayla Tausche discuss the Commodity Futures Trading Commission's possible moves in the wake of the Nasdaq shutdown.
*Gap between 2- year US/ Japan bond yield at 1-1/ 2- year high. NEW YORK, Aug 23- The dollar fell against a basket of currencies on Friday, falling from a three-week peak against the yen, as a steep drop in U.S. new home sales raised doubts that the Federal Reserve will actually reduce its asset-buying program next month.
*Investors eye September for first asset-purchase reduction. The comments by Atlanta Fed President Dennis Lockhart, his St. Louis counterpart, James Bullard, and John Williams of the San Francisco Fed all suggested U.S. monetary policymakers want to keep their options open headed into a much-anticipated meeting in Washington on Sept. 17-18.
JACKSON HOLE, Wyo., Aug 23- The biggest risk facing the U.S. economy is a premature policy tightening by the Federal Reserve, officials were warned on Friday in the opening paper at the prestigious Jackson Hole symposium.
HONG KONG, Aug 23- China shares reversed early gains and ended lower on Friday, dragged down by banks and securities, as investors remained cautious ahead of a slew of corporate results from heavyweight Chinese banking and insurance counters next week.
NEW YORK, Aug 23- A new chairman is just the beginning of what could be a big leadership change at the Federal Reserve next year, giving investors yet another reason to second-guess the U.S. central bank's plan to scale back its support for the economy.
RIO DE JANEIRO, Aug 23- Given his checkered record so far, investors could be forgiven for thinking that Brazil's quiet, bespectacled central bank chief Alexandre Tombini is a pushover on inflation.
*Mounting concern over disconnect between lending and growth in China. SHANGHAI, Aug 23- Call it the new China Syndrome: Although Asia's biggest economy is slowing down markedly, credit continues to surge. Nowhere is this more evident than in China's shadow banking sector, the non-bank financiers that have pumped credit into the economy at a spectacular rate.
NEW YORK, Aug 22- Moody's Investors Service said it might cut the credit ratings of major U.S. bank holding companies, including JPMorgan Chase& Co and Goldman Sachs Group Inc, citing reduced chances that the government will fully bail out bond investors if the companies run into financial distress.
This marks first time a sitting Federal Reserve chairman has missed the event since 1987, when Alan Greenspan stayed home just days after being confirmed by Congress for the job. Besides Bernanke, Mario Draghi of the European Central Bank won't be there. Nor will Mark Carney, newly installed at the Bank of England.
Moody's puts credit ratings of 4 big U.S. banks on review for downgrade; CNBC's Kayla Tausche reports.
ORLANDO, Fla., Aug 22- The U.S. economy can withstand a reduction in the Federal Reserve's stimulative asset-purchase program, even though the easy-money policies have boosted U.S. manufacturers and other companies, a top central bank official said on Thursday.
*Fed to buy $2.75 bln- $3.50 debt due 2020-2023 on Friday. NEW YORK, Aug 22- Five-year Treasuries yields surged to their highest levels since 2011 on Thursday after the release of the Federal Reserve's meeting minutes on Wednesday showed no clarity over when the central bank is likely to raise rates from record low levels.