Fund manager Neil Woodford has sold his fund's stake in HSBC, citing concerns over the potential impact of several industry-wide probes.» Read More
*Tencent recovery pulls up HK indexes. Hong Kong stocks stabilised on Tuesday led by a rally in index heavyweight Tencent Holdings Ltd, whose recent volatility has heavily influenced the overall performance of the Hang Seng.
Economic growth in Asia's third largest economy has bottomed out, said the managing director of HDFC Bank, India's second-largest lender in the private sector.
95 percent of global ATMs run on Windows XP but following Microsoft's move to stop providing security updates, fears of security lapses are rising. CNBC's Julia Wood reports.
PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks before the "Enhancing Prudential Standards in Financial Regulations" conference hosted by the Federal Reserve Bank of Philadelphia- 1845 GMT.
Citigroup Inc said it would pay $1.12 billion to settle legacy securities and incur a related charge of $100 million in the first quarter.
WASHINGTON, April 7- The U.S. The Fed said banks will now have until July 21, 2017 to shed these funds, which pool together risky loans. Even with the delay, the rule would lead to sharp losses for banks, the Loans Syndications and Trading Association said.
CNBC's Eamon Javers reports the Federal Reserve has given banks two more years for some securities to meet Volcker Rule.
A Dutch banker killed his wife and younger daughter before committing suicide, police said on Monday.
*Dubai needs international financial support for growth plans. Over a dozen top Dubai officials and executives met about 100 representatives of financial powerhouses including Deutsche Bank, Nomura Holdings and Fidelity Investments for the emirate's first big investor roadshow since the crisis.
*Mersch says QE theoretical, long way to practical steps. *Constancio- must assess inflation outlook before acting. BRUSSELS/ LONDON, April 7- The European Central Bank will get ready to make large-scale asset purchases but is still a long way off embarking on such a plan and will first assess whether the inflation outlook has changed, ECB policymakers said.
NEW YORK, April 7- The dollar fell against major currencies on Monday after last week's slightly lower-than-expected U.S. payrolls data, while European Central Bank policymakers' comments curbed expectations for more stimulus and boosted the euro. U.S. employers added 192,000 jobs in March after adding 197,000 in February, the Labor Department said Friday.
Tomorrow Microsoft will end IT support for its 13-year-old Widows XP system. CNBC's Kayla Tausche explains why this may pose a security risk to ATM's.
CNBC's Kayla Tausche reports on Microsoft's deadline to end support for Windows XP, and the potential security risk for ATMs.
CLSA research analyst Mike Mayo shares his opinions on JPMorgan CEO Jamie Dimon's pay raise, as well as leadership.
CLSA research analyst Mike Mayo says the banks need to simplify, in discussing the beginning of banks' annual meetings. He says Citigroup needs to restructure.
BlackRock is reorganizing its senior management ranks as it works towards a succession plan for CEO and co-founder Larry Fink.
David Sayer, partner at KPMG, warns that there is more pain ahead for U.K. banks and that a lot more has to be done to get returns on capital in line with the cost of capital.
In the twelve months to January, the lending of U.S. banks to households increased about 3 percent while, over that period, their loanable funds (excess reserves) soared by an incredible 59.4 percent.
SHANGHAI, April 7- Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time.
WASHINGTON, April 6- The head of the International Monetary Fund dismissed a European central banker's recent remark that the IMF weighs in at his agency more than others such as the U.S. "We do say what we have to say when we think that it's appropriate to say it," IMF Managing Director Christine Lagarde said in an interview that aired on Fox News on Sunday.
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