GO
Loading...

Banks

More

  • WASHINGTON— For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it. Don't look for it soon. Yet at a news conference later, Chair Janet Yellen stressed that while the Fed had removed "patient" to describe its approach to raising rates, it still...

  • *Fed, other central bank meetings key to week ahead. NEW YORK, April 27- The dollar firmed on Monday, recovering from recent losses in the wake of some weak U.S. economic data, but gains are expected to be contained ahead of the Federal Reserve's key monetary policy meeting this week. "Any sense from the Fed that a rate hike appears on a further horizon could mean a weaker...

  • HONG KONG, April 27- A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city's banking watchdog, regulatory experts said. HSBC's $2.6 trillion balance sheet is nearly eight times the size of Hong Kong's economic output. HSBC said on Friday it had ordered a review into whether it should move its...

  • *Investors eye Fed, Bank of Japan meetings this week. LONDON, April 27- World shares hit a new high on Monday, with European stocks joining the rally after early falls, as investors looked ahead to central bank meetings this week and put aside worries over Greece. Deutsche Bank, down 3.8 percent, took its toll on the index as investors gave a big strategic overhaul under...

  • Opus Bank posts 1Q profit Monday, 27 Apr 2015 | 7:09 AM ET

    IRVINE, Calif. _ Opus Bank on Monday reported net income of $11.1 million in its first quarter. Opus Bank shares have increased 11 percent since the beginning of the year. Keywords: Opus Bank, Earnings Report.

  • LONDON, April 27- Deutsche Bank's plan to jettison much of its German retail bank and withdraw from one in ten countries sees it join a growing list of banks choosing to shrink and simplify to survive. HSBC has already sold or shut 77 businesses and could yet dispose of big operations in Brazil or Turkey. Credit Suisse's incoming CEO Tidjane Thiam is expected to cut...

  • *To exit 7-10 countries but invest in India, China. FRANKFURT, April 27- Deutsche Bank will cut 200 billion euros in investment bank assets and exit a tenth of the countries in which it operates as part of a restructuring programme designed to boost earnings and cut risk. After sticking with its costly universal banking model in the aftermath of the financial...

  • DBS: Q2 to yield better results   Monday, 27 Apr 2015 | 12:33 AM ET
    DBS: Q2 to yield better results

    Piyush Gupta, CEO of DBS Group, says the bank's net interest margins in the rest of the year should improve from the first-quarter.

  • Top Japanese bank moves into Myanmar   Sunday, 26 Apr 2015 | 10:32 PM ET
    Top Japanese bank moves into Myanmar

    Go Watanabe, Managing Executive Officer, CEO-Asia & Oceania at The Bank of Tokyo-Mitsubishi UFJ, explains the bank's decision to open a branch in Yangon.

  • *Canon, Fanuc among companies reporting earnings Mon. TOKYO, April 27- Japanese stocks were flat in a choppy Monday morning as investors were cautious amid the earnings season and ahead of some key events later this week, including central bank meetings in Japan and the United States. "The Nikkei will likely stay directionless this week," said Nobuhiko Kuramochi, a...

  • TOKYO, April 27- Asian shares scaled seven-year highs following stellar earnings from a few U.S. hi-tech giants, but investors were cautious ahead of central bank meetings this week in the U.S. and Japan and on apparent deadlock in Greece's talks with creditors. MSCI's broadest index of Asia-Pacific shares outside Japan was rose 0.3 percent in early trade...

  • DBS beats with 10% rise in first quarter net profit Sunday, 26 Apr 2015 | 9:01 PM ET

    DBS Group, on Monday posted a 10 percent jump in core first-quarter net profit, above analysts' estimates.

  • FRANKFURT, Germany— Deutsche Bank says net profit fell to 559 million euros in the first quarter as legal penalties ate into stronger revenues from trading stocks and bonds. Last week the bank said that it had agreed to pay penalties of $2.175 billion to the U.S. Justice Department, the Commodity Futures Trading Commission and the New York Department of...

  • LONDON, April 26- Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much. Federal Reserve, the Bank of Japan and Sweden's Riksbank, which all have turned to government bond purchases as stimulus...

  • SHANGHAI/ HONG KONG, April 26- Bankers at China's top state lenders are quitting in increasing numbers because of cuts to their pay and perks, and moving to a new breed of financial firms such as leasing companies, trusts and online platforms, bankers and headhunters say. "In the past we wouldn't see CVs from the state sector, but now we do," said Maggy Fang, managing...

  • BERLIN, April 25- The head of Germany's Bundesbank said on Saturday he had misgivings about granting emergency funding to Greece as the liquidity situation at the country's banks has not improved. Jens Weidmann was speaking at a press event with German Finance Minister Wolfgang Schaeuble after a meeting of euro zone finance ministers in Riga.

  • FRANKFURT, April 24- Deutsche Bank will cut back investment banking, sell its Postbank retail chain via a public share offering and reduce costs, the group said late on Friday, in a restructuring plan designed to boost profits. Germany's largest bank is under pressure to revive its performance as new regulations, legal headaches and weak markets eat into returns...

  • Germany's Deutsche Bank changes tack on Postbank Friday, 24 Apr 2015 | 6:12 PM ET

    BERLIN— Germany's Deutsche Bank AG says it plans to "deconsolidate" its Postbank retail banking unit, in which it has held a majority since 2010.. Germany's biggest bank said after its supervisory board met Friday that it also envisions investing in its transaction banking, asset and wealth management and retail businesses. Deutsche Bank agreed this week to pay...

  • April 24- SunTrust Banks Inc, Apollo Global Management and Ares Management LP are considering offers for buying General Electric Co's unit that lends to private-equity firms in the United States, Bloomberg reported, citing people with knowledge of the matter. GE is working with Citigroup Inc to sell the business, which is expected to be worth $10 billion, the...

  • BRASILIA, April 24- Brazilian interest rates are set to rise sharply again next week, a Reuters poll showed on Friday, as the central bank attempts to boost its inflation-fighting credentials even as signs of a recession continue to grow. Forty-two of the 48 economists surveyed in the poll expect policymakers to raise the benchmark Selic rate by 50 basis points...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.