GO
Loading...

Banks

More

  • Jersey eyes liquidity in Asian, Middle Eastern banks Sunday, 23 Nov 2014 | 12:52 PM ET

    Situated between France and Britain in the Channel, Jersey is a British Crown dependency outside of the United Kingdom and the European Union. It is jostling with larger offshore markets such as Switzerland, the world's leading offshore private banking centre, to manage part of the growing liquidity in Asian and Middle East banks. Presently, 18 percent of the...

  • *Citigroup, Deutsche Bank among banks picked. The sovereign, rated Caa1 by Moody's and B- by Standard& Poor's, has picked Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered to arrange the roadshows and the possible deal, it showed. Pakistan will hold roadshows in the United Arab Emirates on Monday, before heading to London and Singapore on Tuesday,...

  • *China ready to cut rates again, ease bank reserve ratio- sources. BEIJING, Nov 23- China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making. Friday's surprise cut in...

  • SHANGHAI, Nov 23- China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005.. The People's Bank of China cut one-year benchmark lending rates on Friday, a move celebrated by Chinese corporates struggling against a...

  • SHANGHAI, Nov 22- China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth. The narrowing of interest rate margins will eat into lenders' profitability, with Cinda Securities' chief strategist, Jiahe Chen, predicting it will...

  • GameStop slumps after results; Ross, Autodesk advance. NEW YORK, Nov 21- U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. The move came after European Central Bank...

  • Credit Suisse guilty plea on US taxes is official Friday, 21 Nov 2014 | 4:09 PM ET

    WASHINGTON— European bank Credit Suisse's guilty plea to helping wealthy Americans avoid paying taxes has been formalized by a federal judge. District Chief Judge Rebecca Beach Smith in Norfolk, Virginia on Friday entered orders requiring Credit Suisse AG to pay $2.6 billion in fines and restitution to the U.S. government and regulators.

  • NEW YORK, Nov 21- U.S. stocks closed higher on Friday, with major indexes rising for a fifth straight week after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. The Dow Jones industrial average rose 88.81 points, or 0.5 percent, to 17,807.81, the S&P 500 gained 10.59...

  • WASHINGTON, Nov 21- A top Federal Reserve official on Friday pledged to a Senate investigative subcommittee that the U.S. central bank would broaden its review of gaps in its regulation of the physical commodity operations of U.S. banks. In response to questioning at a hearing on Friday, Fed Governor Daniel Tarullo said the bank would look into filling those...

  • *GameStop slumps after results; Ross, Autodesk advance. NEW YORK, Nov 21- U.S. stocks rose on Friday, putting major indexes on track for a fifth straight weekly advance, after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. About two-thirds of NYSE stocks traded higher,...

  • New York Fed chief on defensive on bank oversight Friday, 21 Nov 2014 | 1:34 PM ET

    William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that "our eyes are open" and regulators are fair, unbiased and rigorous in their oversight of the biggest U.S. banks. "Of course we are not perfect, but we always strive to improve and retain your trust," Dudley said at the hearing, which focused on whether the Federal Reserve has too cozy of a...

  • Colorado charters credit union for pot industry Friday, 21 Nov 2014 | 12:53 PM ET

    However, before it can open permanently for business, action is also required by the National Credit Union Administration and Federal Reserve. The Colorado Division of Financial Services issued the charter Wednesday to The Fourth Corner Credit Union, which could open in January, The Denver Post reported Thursday. Fourth Corner must get a master account from...

  • WASHINGTON, Nov 21- New York Federal Reserve Bank President William Dudley came under fire on Friday from Democratic senators who blasted the bank for lax oversight of major financial institutions. I think the evidence suggests that there is, "said Massachusetts Democrat Elizabeth Warren, a frequent critic of the big banks who is seen as a possible 2016...

  • Fed's Tarullo to take the stand     Friday, 21 Nov 2014 | 10:51 AM ET

    Federal Reserve Governor Daniel Tarullo is likely to take the stage shortly regarding banks and physical commodities, reports CNBC's Kate Kelly.

  • WASHINGTON, Nov 21- Several Democratic senators on Friday criticized the New York Federal Reserve Bank as too close to the mammoth financial institutions it regulates, taking particular aim at the hiring of Fed alumni at firms like Goldman Sachs- and vice versa. that ties between the Fed and the banking industry are perceived as cozy, and arguably contributed to...

  • *Shares soar on China rate cut, Draghi stimulus hopes. NEW YORK, Nov 21- World stock markets and oil prices rallied Friday, fueled by hopes for global growth following a surprise rate cut by China and as the European Central Bank indicated it would step up its asset purchases to boost the euro zone economy. "To the extent that you dueling positive monetary policy...

  • SAO PAULO/ BRASILIA, Nov 21- Respected Brazilian banking executive Joaquim Levy is among three finalists to become the country's next finance minister, and President Dilma Rousseff could announce her pick later on Friday, a government official said. Levy is chief executive officer of Bradesco Asset Management, an arm of Banco Bradesco SA, the nation's...

  • WASHINGTON, Nov 21- A top Democratic senator said on Friday he remains concerned about slack oversight of the largest U.S. banks, and that the New York Fed in particular remains too close to the institutions it regulates. "Troubling reports suggest that it is back to business as usual at the Federal Reserve Bank of New York," Ohio Democrat Sherrod Brown said as he...

  • "We are conducting a careful and thorough assessment of the costs and benefits of financial holding company engagement in these activities," Fed Governor Daniel Tarullo said in prepared remarks ahead of a Senate subcommittee hearing on the issue of banks' involvement with physical commodities. Goldman Sachs Group Inc, Morgan Stanley and J.P. Morgan built huge...

  • Fed: New bank, commodities rules coming early 2015 Friday, 21 Nov 2014 | 9:51 AM ET
    The Federal Reserve building in Washington.

    The Fed will issue in the first quarter of next year new rules for financial holding companies in the physical commodities markets.