TOKYO, April 21- Japanese shares climbed to a two-week high on Monday morning, led by gains in nonbank lenders on a media report the government is considering easing rules in the industry, though trading activity was thin due to the Easter.» Read More
US FEDERAL RESERVE JOINS OTHER REGULATORY AGENCIES IN ADOPTING TOUGHER LEVERAGE REQUIREMENTS FOR BIGGEST US BANKS.
ROCHESTER, Minn., April 8- The Federal Reserve should do more to boost both inflation and jobs, a top Fed official said on Tuesday, including possibly pushing its main interest rate even lower or cutting the rate it pays banks on excess reserves kept at the U.S. central bank.
WASHINGTON, April 8- The eight biggest U.S. banks must raise a total of about $68 billion in capital by 2018 to comply with a new rule designed to prevent another financial crisis, prompting industry complaints that international standards are less restrictive and give their global competitors an advantage.
Noting the rocketing growth of the global asset management industry, which is on track to more than quadruple in size by 2050 to $400 trillion, Bank of England executive director for financial stability Andy Haldane argued that funds may require closer and tighter supervision by regulators.
The Federal Reserve, the Federal Deposit Insurance Corp. and the Treasury's Office of the Comptroller of the Currency voted separately to require those banks to raise their minimum ratio of capital to loans to 5 percent from the current 3 percent.
CNBC's Kayla Tausche reports regulators have issued final rules that would increase leverage exposure for 8 of the biggest banks.
April 8- U.S. health insurers said on Tuesday they still expected cuts in government reimbursements for privately managed Medicare health plans for the elderly next year even after the Obama administration rolled back the steepest reductions.
JOHANNESBURG, April 8- South Africa's central bank expects the rand to remain volatile although it is unlikely to intervene in the market to try and stabilise the currency, Governor Gill Marcus said on Tuesday.
The Fed gave banks two more years to shed risky loans, a move that does nothing to prevent another crisis, bank analyst Dick Bove tells CNBC.
RAMALLAH, West Bank, April 8- The Palestinian Authority said on Tuesday it plans to issue bonds to banks as part of a restructuring of its sizeable debts, in what will be the first sale of government bonds in the territory's 20- year history. Jihad Al Wazir, head of the Palestinian Monetary Authority, said around $200 million of debt would be converted to bonds.
Shares of Medicare Advantage coverage providers slipped Tuesday after the federal government issued a final rate announcement that some see as another funding cut for the fast-growing programs next year.
SHANGHAI/ HONG KONG, April 8- China's decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market.
BOSTON, April 8- Hedge fund Coatue Management plans to return as much as 35 percent of its assets to investors this summer after its $7 billion flagship ballooned in size.
American Express Co. fell$. 47 or. 5 percent, to $86.13. Capital One Financial Corp. fell$. 19 or. 3 percent, to $75.36. Discover Financial Services fell$. 42 or. 7 percent, to $56.28.
Dick Bove, Rafferty Capital VP of equity research, reacts to the Fed's decision to give banks an extra 2 years to conform to the part of the Volcker Rule that would force them to sell "riskier" forms of debt.
NEW YORK, April 8- The yen strengthened on Tuesday as traders dialed back bets against it after the Bank of Japan held off on additional easing and Governor Haruhiko Kuroda offered little indication more stimulus was likely in the short term.
MOSCOW, April 8- Russia saw a net capital outflow of $50.6 billion by companies and banks in the first quarter of 2014, according to estimated balance of payments data published by the Russian central bank on Tuesday.
Citigroup will pay more than $1.1 billion to 18 institutional investors to settle claims involving mortgage backed securities. The "Squawk on the Street" news team break down the multiple problems the bank is facing.
April 8- The Obama administration's announcement on Monday that it would roll back proposed cuts to privately managed Medicare plans is a positive for insurers because the final plan is "less worse" than the one proposed, Wall Street analysts said on Tuesday.
LONDON, April 8- There is slightly less than a one-in-three chance the European Central Bank will start buying bonds outright as it struggles to lift dangerously low inflation and support a lacklustre economic recovery, a Reuters poll found. Federal Reserve and the Bank of England launched the same kind of stimulus.
At the China Entrepreneur Club's annual summit, Liu Yonghao, Vice Chairman at China Minsheng Banking and Chairman of New Hope Group describes how traditional lenders are helping small firms get loans.
Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.
Kelly King, BB&T chairman and CEO, reacts to the role mortgage lending played in its weak quarterly report. King says the current yield curve reflects a slow economy.