GO
Loading...

Financials

More

  • WASHINGTON, March 23- Minneapolis Federal Reserve Bank President Narayana Kocherlakota, whose differences with Fed Chair Janet Yellen over rewriting the central bank's pledge to keep interest rates low led him to cast the sole dissenting vote on Fed policy last week, has no plans to make a habit of saying "no," people familiar with his thinking say.

  • NEW YORK, March 23- Investors worried the Federal Reserve will start raising interest rates in a year's time or even sooner should stick with shorter-maturity bonds, high-quality corporate debt and stocks with attractive dividends like utilities.

  • MOSCOW, March 23- Visa Inc and MasterCard Inc have resumed services for payment transactions for clients at Russia's SMP bank, whose main shareholders were affected by U.S. sanctions, the bank said on Sunday.

  • MOSCOW, March 23- Visa Inc and MasterCard Inc have resumed services for payment transactions for clients at Russia's SMP bank, whose main shareholders were affected by U.S. sanctions, the bank said on Sunday. SMP had said on Friday that Visa and MasterCard had stopped providing services for payment transactions for clients at Russia's SMP bank.

  • California DMV probing possible credit card breach Saturday, 22 Mar 2014 | 7:37 PM ET
    A security guard patrols the empty parking lot of the State of California Department of Motor Vehicles (DMV) in Pasadena, California.

    The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said.

  • LOS ANGELES, March 22- The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said. Representatives from MasterCard Inc and Visa Inc could not immediately be reached for comment.

  • March 22- The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said.

  • Kocherlakota says Fed intended no policy shift: Report Saturday, 22 Mar 2014 | 11:30 AM ET
    Narayana Kocherlakota

    The Federal Reserve was not trying to signal a more restrictive policy stance when earlier this week it dropped a set of guideposts, a top Fed official said.

  • Kocherlakota says Fed intended no policy shift -WSJ Saturday, 22 Mar 2014 | 11:18 AM ET

    WASHINGTON, March 22- The Federal Reserve was not trying to signal a more restrictive policy stance when earlier this week it dropped a set of guideposts it had used to help the public anticipate when it will finally start raising rates, a top Fed official said.

  • WASHINGTON, March 21- Two top Federal Reserve policymakers staked out diametrically opposite views on Friday about whether the U.S. central bank should be willing to risk higher unemployment in order to head off a potential financial crisis. One Fed Board member, Jeremy Stein, said that it should.

  • DIARY - Top economic Events to April 3 Friday, 21 Mar 2014 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Jeremy Stein gives welcome remarks before the Federal Reserve "Crowdfunding for Community Development Finance" conference- 1300 GMT.

  • The biggest change was for American Express, whose minimum capital ratio under stress declined by 0.5 percentage point to 12.1 percent. M&T Bank, which had the next lowest capital level on Thursday, was revised up by 0.3 percentage point to 6.2 percent under stress.

  • March 21- U.S. lawmakers have asked Gilead Sciences Inc to explain the $84,000 price tag of its new hepatitis C drug Sovaldi, which is encountering resistance from health insurers and state Medicaid programs. Biogen Idec fell 8 percent, Amgen Inc dropped 3 percent and Celgene Corp lost 3.7 percent.

  • Fed issues correction to stress test results Friday, 21 Mar 2014 | 4:46 PM ET

    The Federal Reserve on Friday issued corrections to the closely watched annual bank stress tests results that were published a day earlier.

  • WASHINGTON, March 21- Federal Reserve Chair Janet Yellen was likely just repeating the views of private analysts and investors when she said the central bank could raise interest rates around six months after ending its massive bond-buying program, a top Fed official said on Friday.

  • WASHINGTON, March 21- Raising interest rates to head off a potential financial crisis is simply not worth it, a top Federal Reserve official said on Friday.

  • COPENHAGEN/ FRANKFURT, March 21- A deepening economic standoff between Russia and the West over the future of Ukraine has rippled through trading floors and boardrooms, with exporters scrambling to protect revenues and some global financial firms halting services.

  • Better play: Financials vs. tech     Friday, 21 Mar 2014 | 3:43 PM ET

    Janet Yellen said higher interest rates could hit next year. CNBC's Dominic Chu and Seema Mody debate if financials or tech is the better sector play in a higher interest rate environment.

  • WASHINGTON, March 21- The U.S. Consumer Financial Protection Bureau said on Friday it is increasing efforts within the agency to create a more diverse and fair work environment following concerns about discrimination.

  • WASHINGTON, March 21- Federal Reserve Chair Janet Yellen was likely just repeating the views of private analysts and investors when she said the central bank could raise interest rates six months after ending a bond-buying program, a top policymaker said on Friday.

Banks

Most Popular Video

Thursday, 17 Apr 2014 | 4:13 PM ET

Dissecting today's market activity and the current state of financials, with Yra Harris, Praxis Trading partner; Larry Glazer, Mayflower Advisors; CNBC contributor Carol Roth; "Fast Money" Guy Adami and CNBC's Kate Kelly.

Thursday, 17 Apr 2014 | 5:46 PM ET

CNBC voice over talent Jim Birdsall shares the top 5 sayings from traders on "Fast Money" over the years.

Thursday, 17 Apr 2014 | 6:40 PM ET

Mad Money's Jim Cramer reflects on CNBC's evolution over the past 25 years.