A N.J. bank will pay $261,500 to settle claims that female workers were denied the family health insurance coverage that male employees got.» Read More
CAIRO— Libya's newly elected parliament on Sunday fired the president of the central bank after he tried to prevent funds that had been allocated for the lawmakers from leaving the bank, according to the country's official news agency.
LONDON, Sept 14- Financial asset prices are at "elevated" levels and market volatility remains "exceptionally subdued" thanks to ultra-loose monetary policies being implemented by central banks around the world, the Bank for International Settlements said on Sunday.
*SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
*Fed may raise short-term rates in first quarter- BlackRock. NEW YORK, Sept 12- Traders piled into U.S. short-term interest rates options on Friday, adopting a bearish posture on the view the Federal Reserve will signal next week that interest rates will be notably higher by the end of next year.
WASHINGTON— British bank HSBC has agreed to pay $550 million to resolve U.S. claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.. The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with HSBC.
By Michael Flaherty and Howard Schneider. WASHINGTON, Sept 12- Federal Reserve Vice Chairman Stanley Fischer has been tapped to head a new financial stability panel at the U.S. central bank, an influential perch he could use to try to broaden and enhance the Fed's powers to ward off a future financial crisis.
WASHINGTON, Sept 12- The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for its intervention in Ukraine. They are the latest economic penalties imposed by the West since Russia annexed Crimea from Ukraine in March.
WASHINGTON, Sept 12- Federal Reserve Vice Chairman Stanley Fischer has been tapped to head a new financial stability panel at the U.S. central bank, an influential perch he could use to try to broaden and enhance the Fed's powers to ward off a future financial crisis.
SAN FRANCISCO, Sept 12- The Federal Reserve will drop its promise to keep rates near zero for a "considerable time" after it ends its bond-buying program, paving the way for a first Fed rate hike in June 2015, a top Wall Street economist predicted on Friday.
LONDON, Sept 12- Banks caught up in the British investigation into alleged manipulation of global currency markets are pushing for a coordinated settlement that would reduce their exposure to potential reputational damage, banking and legal sources told Reuters.
WASHINGTON— The United States hit Russia on Friday with a new round of economic sanctions, levying penalties on Russia's largest bank and expanding financing restrictions on major energy and defense companies.
*Gold hits lowest since Jan. 23 at $1,231.95/ oz. LONDON, Sept 12- Gold prices hit 7-1/ 2- month lows on Friday on speculation that the Federal Reserve may raise interest rates next year, and as the dollar index headed for its longest winning streak since 1997..
*Western financial markets closed to Russia's largest banks. MOSCOW, Sept 12- They were the toast of Moscow- effortlessly enjoying fat earnings, double-digit lending growth and healthy margins.
Ian Gordon, head of banks research at Investec Securities, explains why he has a short-term overweight rating on Scotland-exposed U.K. banks.
MOSCOW, Sept 12- The Russian Central Bank left its key interest rates on hold at a regular meeting on Friday, signalling it is more worried about the sanctions-hit economy than high inflation which remains above the bank's target. The decision keeps the bank's central policy rate, the one-week minimum auction repo rate, at 8 percent, and was broadly expected.
Bank of Finland governor Erkki Liikanen, says the problem of too big to fail banks still remains.
The Finnish central bank governor told CNBC that the ECB stands ready to take further measures if required.
LIMA, Sept 11- Peru's central bank lowered the benchmark interest rate by 25 basis points to 3.50 percent on Thursday, citing weaker-than-expected economic growth and easing inflationary pressures. Analysts polled by Reuters were largely divided about whether the central bank would hold or lower the key rate.
WASHINGTON, Sept 11- The United States will take new steps on Friday to limit the access of major Russian banks, including Sberbank, to U.S. debt and equity markets to punish Russia for its intervention in Ukraine, sources familiar with the matter said.
Jamie Dimon, who was diagnosed with throat cancer this year, finished his scheduled rounds of radiation and chemotherapy treatment, WSJ reported.
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