GO
Loading...

Banks

More

  • Dec 22- Bank Leumi Le Israel BM, Israel's second largest bank, will pay $400 million to settle two separate investigations into whether it helped its U.S. clients evade taxes. Bank Leumi had been negotiating for months with the U.S. Department of Justice and New York state to settle an investigation of possible tax evasion. Bank Leumi Luxembourg and Leumi Private...

  • Dec 22- Bank Leumi Le Israel BM, Israel's second largest bank, will pay $130 million to settle an investigation into whether it helped its U.S. clients evade taxes, a New York regulator said. The bank has set aside more than 1.4 billion shekels to settle with the U.S. Justice Department and the New York regulator. The investigation of Israeli banks started in 2011, two...

  • BEIJING, Dec 23- New players in China's shadow banking sector are growing rapidly despite attempts to clamp down on opaque lending, taking advantage of a regulatory anomaly to prosper but also raising the risks of a build-up of debt in the slowing economy. Authorities have sought to rein in the riskiest elements of less-regulated lending after a series of...

  • *Trust is Russia's 15th biggest by retail accounts. *Finance Ministry plans to double deposit insurance. MOSCOW, Dec 22- The Russian central bank on Monday announced the first bailout of the rouble crisis, providing up to $540 million to rescue Trust Bank and taking over supervision of the mid-sized lender.

  • Banking outlook for 2015  Monday, 22 Dec 2014 | 10:23 AM ET

    Discussing how the banking sector will benefit from increased volatility in 2015, with Thomas Michaud, KBW CEO.

  • *Regulators want to set capital "floor" for industry. *Proposals will reduce reliance on external credit ratings. LONDON, Dec 22- Global regulators have outlined measures to ensure capital held by banks does not fall below a certain level and to adopt a more consistent approach across the industry to measuring risk.

  • Russia bails out bank following ruble slide Monday, 22 Dec 2014 | 5:44 AM ET

    MOSCOW— Russia has bailed out a mid-sized bank for about $500 million to save it from bankruptcy— a clear sign that the slide in the value of the ruble in the wake of falling oil prices is straining the banking system. The Central Bank said Monday that it will provide a 30- billion ruble loan to help the Trust Bank to continue operating as normal.

  • MOSCOW, Dec 22- Russian mid-sized lender Trust Bank is to receive up to 30 billion roubles from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis. The central bank said its Deposit Insurance Agency, responsible for managing crisis-hit lenders, would take over interim supervision of Trust Bank as of Monday.

  • Russia to bail out Trust Bank with up to $530M Monday, 22 Dec 2014 | 7:03 AM ET

    Russia's central bank said it would will provide a mid-sized bank to with up to 30 billion rubles to stop it going bankrupt.

  • MOSCOW, Dec 22- Russia's central bank said it would will provide a mid-sized bank to with up to 30 billion roubles to stop it going bankrupt, in the first bailout of its kind during the current rouble crisis. The central bank's Deposit Insurance Agency, responsible for managing crisis-hit lenders, would also take over supervision of Trust Bank as of Monday, it said...

  • RUSSIAN CENTRAL BANK SAYS TO PROVIDE TRUST BANK WITH UP TO 30 BILLION ROUBLES TO AVERT BANKRUPTCY, FIRST BAILOUT OF ITS KIND DURING ROUBLE CRISIS.

  • Teach yourself finance this Christmas  Monday, 22 Dec 2014 | 4:40 AM ET

    'Market Meltdown' is a board-game with a financial twist; giving players a chance to experience their own financial crisis. Will Sorrell, founder of Clarendon Games and creator of 'Market Meltdown', discusses the game's appeal.

  • SHANGHAI, Dec 22- China stocks rose on Monday in a volatile morning session, as investors plowed funds into electrical utilities shares on hopes of reform, while banks saw a dramatic spike before a sell-off ensued. The rise was led by Bank of China, still up 9.3 percent at the end of the morning session. "Investors are switching from brokerages to banks on fears that...

  • SYDNEY/ TOKYO, Dec 22- The euro probed fresh two-year lows early on Monday in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar that many traders say will remain intact in the new year. Speculation is high that the European Central Bank will be forced to expand its asset-buying program to include sovereign...

  • BRUSSELS, Dec 20- The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday. The Belgian central bank chief said the bank had already waited too long, and that this could be one tool to spur economic activity in...

  • SHANGHAI, Dec 20- China has cut red-tape for foreign bank branch openings and entry into renminbi business, state media said on Saturday, the latest in a series of measures to liberalise the banking sector. Banks now no longer have to first establish a China representative office before setting up other branches. China has been working to liberalise its...

  • US regulators close small Minnesota bank Friday, 19 Dec 2014 | 7:38 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over Northern Star Bank, based in Mankato, Minnesota. BankVista, based in Sartell, Minnesota, agreed to assume all of Northern Star Bank's deposits and to purchase essentially all of the failed bank's assets. Northern Star Bank's failure is expected to cost the federal deposit insurance fund $5.9...

  • Kocherlakota warns Fed of 'unacceptable' risk Friday, 19 Dec 2014 | 6:23 PM ET

    WASHINGTON— One of three Fed officials who dissented in the Fed's policy decision this week is warning that the central bank is taking an "unacceptable" risk by not paying more attention to the dangers posed by low inflation. Narayana Kocherlakota, the president of the Fed's regional bank in Minneapolis, said Friday that the Fed's failure to respond to weak...

  • Low oil prices: Double-edged sword for banks Friday, 19 Dec 2014 | 4:35 PM ET
    Workers check the valves at the Taq Taq oil field in Arbil, Iraq, in this Aug. 16, 2014 photo.

    Less cash flow from oil companies could pinch loan payments to banks but more gas savings in consumers' wallets will create new business.

  • NEW YORK, Dec 19- The U.S. dollar hit its highest level against major currencies in over 8-1/ 2 years on Friday on diverging monetary policy between the Federal Reserve and other major central banks, and bullish dollar positions heading into the end of the year. The euro hit a 28- month low against the greenback, while the dollar hovered near a 28- month high against...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More