CIT Group is buying regional bank OneWest Bank in a $3.4 billion cash-and-stock deal.» Read More
Feb 21- As the financial crisis deepened in 2008, Janet Yellen argued at least twice for a more aggressive cut to interest rates than most of her colleagues at the Federal Reserve, internal documents unsealed on Friday showed.
WASHINGTON, Feb 21- U.S. central bankers thought they should get more regulatory powers in return for providing cheap cash to Wall Street banks during the 2008 credit crisis, according to Federal Reserve transcripts released on Friday.
CNBC's Kayla Tausche reports compensation for top bank executives rose heavily in 2013. CNBC's Morgan Brennan provides insight.
AUSTIN, Texas, Feb 21- The U.S. central bank needs to rethink its guidance to financial markets on the future path of interest rates as its unemployment threshold is fast approaching, a top Federal Reserve official said on Friday.
Discussing bullish themes in the economy, with Keith Banks, President of U.S. Trust. "We think the U.S. grows 3.5 percent in 2014, and revenue will come back 7 percent," he says.
Feb 21- Federal Reserve policymakers, in an emotional meeting on one of the darkest days of the 2008 financial crisis, were worried the failure of Lehman Brothers a day earlier would wreak havoc on a teetering financial system but feared cutting already low interest rates might prove an over-reaction.
review@ MILAN, Feb 20- Italian banks, burdened by 156 billion euros in gross bad debts and twice that amount in doubtful loans, are under the spotlight in an asset review of euro zone lenders conducted by the European Central Bank this year. The ECB review targets the top 15 among Italy's 690 banks.
CNBC's Steve Liesman provides insight on the Federal Reserve's release of the discussions at the 2008 crisis meeting.
Federal Reserve on Friday unveiled some of its internal conversations from the darkest days of the financial crisis, releasing to the public transcripts of policy-setting meetings for the year 2008..
*Job cuts include planned Citizens sale, UK branch sales. LONDON, Feb 21- Royal Bank of Scotland is to shrink its investment banking and international operations as part of a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources familiar with the matter said on Friday.
Bank CEOs had a very good year in 2013—millions and millions of dollars worth of good.
Bankers and those in the expanding legal marijuana business say new guidelines from the Obama administration aren't enough. They want Congress to act.
A Fed debate is growing over whether it should stand ready to raise rates to prick any asset bubbles that its regulatory tools might fail to address.
*Job cuts include planned Citizens sale, UK branch sales. LONDON, Feb 21- Royal Bank of Scotland is to shrink its investment banking and international operations in a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources familiar with the matter said.
VIENNA/ FRANKFURT, Feb 20- The fate of Austria's nationalised lender Hypo Alpe Adria could be a harsh reality check for banks and investors across Europe.
JPMorgan Chase has avoided a third successive showdown with shareholders, the Financial Times reports.
TRADING IN NIGERIAN NAIRA RESUMES ON EXPECTATIONS CENTRAL BANK WILL INTERVENE, AFTER REGULATOR CALLS BANKS TO GIVE QUOTES- DEALERS.
poised to widen trading band@. *C.bank began guiding midpoint sharply downward Tuesday. SHANGHAI, Feb 21- The yuan posted its biggest weekly drop since June 2012 on Friday, losing nearly 0.4 percent in five trading days as dealers said the central bank has abruptly signalled the market to prepare for more volatility in preparation for reform.
Europe's recovery this year will not be straightforward, according to Axel Weber, the chairman of UBS, who warned against complacency in the euro zone.
HONG KONG, Feb 21- China's central bank has clarified operational details for conducting cross-border business in the yuan currency through its pilot project in the Shanghai free trade zone, according to a circular seen by Reuters on Friday.
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