GO
Loading...

Financials

More

  • WASHINGTON, March 5 (Reuters)- The Obama administration said on Wednesday it would allow health insurers to extend plans that fail to comply with its signature healthcare law for an additional two years, giving some consumers the option of keeping their policies into 2017..

  • WASHINGTON, March 5- The Obama administration said on Wednesday it would allow health insurers to extend plans that fail to comply with President Barack Obama's healthcare law for an additional two years, giving some consumers the option of keeping their policies into 2017..

  • OBAMA ADMINISTRATION SAYS IT WILL ALLOW HEALTH INSURERS TO RENEW FOR AN ADDITIONAL TWO YEARS CURRENT CUSTOMERS' HEALTH PLANS THAT DO NOT COMPLY WITH OBAMACARE.

  • WASHINGTON, March 5- Severe weather across much of the United States took a toll on shopping and consumer spending in recent weeks, leading to slower economic growth or outright contraction in some areas of the country, the Federal Reserve said on Wednesday. Growth slowed in Chicago and activity was stable in Kansas City.

  • WASHINGTON, March 5- Severe weather across much of the United States took a toll on shopping and consumer spending in recent weeks, leading to slower economic growth or outright contraction in some areas of the country, the Federal Reserve said on Wednesday. Growth slowed in Chicago and activity was stable in Kansas City.

  • FEDERAL RESERVE SAYS ECONOMIC ACTIVITY DECLINED IN TWO OF 12 REGIONS IN JANUARY AND EARLY FEBRUARY, MOSTLY DUE TO WEATHER- BEIGE BOOK.

  • LONDON, March 5- The Bank of England suspended a staff member on Wednesday as part of a probe into what it knew about alleged manipulation of world currency markets and revealed that rigging allegations had been flagged as far back as mid-2006.

  • LONDON, March 5- Following are key extracts from minutes of meetings between Bank of England officials and senior foreign exchange dealers in London between 2005 and 2013 showing a record of discussions going back to 2006 about possible manipulation of world currency rates around benchmark fixings.

  • ECB may be wary of QE due to differing bond market impact Wednesday, 5 Mar 2014 | 12:25 PM ET

    LONDON, March 5- The European Central Bank may hesitate to print money to ward off the threat of deflation because of concerns about the widely differing impact such a step could have on euro zone debt markets. Expectations are growing that the ECB, which holds a policy meeting on Thursday, will follow the Bank of England, the U.S.

  • UPDATE 2-Bank of England suspends official amid FX probe Wednesday, 5 Mar 2014 | 11:32 AM ET

    LONDON, March 5- The Bank of England suspended a staff member on Wednesday as part of an internal investigation into what it knew about alleged manipulation of world currency markets. The central bank also released minutes that said allegations had been raised as long ago as July 2006 that manipulation was occurring in the so-called benchmark fixings.

  • BANGALORE, March 5- The dollar will easily outperform other major currencies in the coming year, according to foreign exchange strategists polled by Reuters, driven by demand for U.S. assets prompted by a shift in Federal Reserve policy.

  • *Central bank holds benchmark rate steady at 1.0 pct. *Repeats that rates could go up or down, depending on data. OTTAWA, March 5- The Bank of Canada continued to express concerns about weak inflation on Wednesday, even after consumer prices picked up markedly in January, and it repeated that its next move on interest rates could be either up or down.

  • KIEV, March 5- The Ukrainian subsidiary of Italy's UniCredit Bank cancelled a daily limit of 1,500 hryvnia on cash-machine withdrawals on Wednesday, citing "the stabilisation of the situation" in the country. Ukraine has retained a 15,000 hrynvia daily limit on withdrawals from foreign currency accounts at all banks, which was imposed last week.

  • Why your flood insurance may not rise so fast Wednesday, 5 Mar 2014 | 7:35 AM ET
    Floods swamp a house near the town of Hygiene, Colo.

    The bill would limit annual increases of any individual policy under the National Flood Insurance Program to 18 percent.

  • Credit ratings for European lenders could be slashed by one or two notches, a leading credit agency has warned.

  • TOKYO, March 5- Nomura Holdings said Tetsu Ozaki, a senior executive of its securities business, will become the chief executive of its wholesale business in a group-wide management reshuffle announced on Wednesday.

  • China's yuan edges up as PBOC reduces intervention Wednesday, 5 Mar 2014 | 12:05 AM ET

    SHANGHAI, March 5- China's yuan firmed slightly against the dollar on Wednesday as the central bank appeared to reduce its intervention in the market, having engineered a sudden depreciation of the yuan since last month, traders said. Dollar purchases by state banks-- a sign of intervention by the People's Bank of China-- appeared to subside this week, traders said.

  • *China tech, Macau casinos outperform tepid market. *Coal stocks sink after Beijing declares' war' on pollution. HONG KONG, March 5- Hong Kong and China shares were sluggish early on Wednesday, with the Chinese banking sector weaker on worry about a possible default by listed company and Beijing's plan to introduce deposit insurance.

  • WASHINGTON, March 4- Swelling investment returns improved funding for U.S. public pensions last year, but almost all retirement systems are still in weak shape and unable to cover their liabilities fully, according to a report released by Wilshire Consulting on Tuesday.

  • WASHINGTON, March 4- The Obama administration will allow consumers to extend health insurance plans that fail to comply with President Barack Obama's healthcare law beyond 2014, according to three people familiar with the matter.

Banks

Most Popular Video

Friday, 18 Apr 2014 | 12:00 PM ET

CNBC's Stephanie Landsman discusses how the luxury rental boom isn't confined to New York City and its boroughs, but that developers are seeing new opportunities in New Jersey.

Thursday, 17 Apr 2014 | 12:00 PM ET

CNBC's Josh Lipton and Allison+Partners Head of Digital Jeremy Rosenberg discuss what Microsoft needs to do to boost Xbox One sales as PS4 sales break the 7 million mark.

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.