SHANGHAI, Feb 16- China should encourage its banks to support smaller, private firms in the real economy, rather than forced lending or policies such as quantitative easing, a state newspaper quoted a central bank official as saying on Saturday. "The central bank doesn't wish to use administrative methods to require banks," Sun Guofeng, head of the monetary policy...
TUESDAY, FEBRUARY 19 NEW YORK, United States- Riksbank Governor Stefan Ingves will talk about the economic situation and current monetary policy during a visit to New York- 1730 GMT. TOKYO- Philippines Central Bank Deputy Governor Diwa Guinigundo speaks at a seminar in Tokyo- 0700 GMT. NEWARK, United States- Federal Reserve Bank of Cleveland President Loretta...
NEW YORK, Feb 15- Foreign investors sold a record amount of U.S. Treasury bonds and notes for the month of December, according to U.S. Treasury Department data released on Friday, amid wide perceptions that month that the Federal Reserve would still raise interest rates multiple times in 2019.. "I think in December there was still a lot of talk that the Fed would still...
BIRMINGHAM, Ala./ SAN FRANCISCO, Feb 15- When the Federal Reserve last month adopted a new "patient" approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing. But the projections delivered this week- for one rate hike this year from both Atlanta Federal...
NEW YORK, Feb 15- The U.S. dollar dropped on Friday after San Francisco Federal Reserve Bank President Mary Daly suggested the central bank may hold off on raising interest rates in 2019, bolstering risk appetite in the currency market. The Fed probably will not need to raise rates this year, given a slowdown in economic growth and muted inflation, Daly told the...
A small group of banks are handling the "financial" side of billion-dollar fintech start-ups.
LONDON, Feb 15- Euro zone banking shares jumped over three percent, the euro fell and Italy's bond yields tumbled on Friday after the European Central Bank's Benoit Coeure said a new round of cheap multi-year loans to banks was possible. Banks in Italy and other southern European countries in particular could face funding problems as the ECB's most recent...
MADRID, Feb 15- Hundreds of Chinese citizens waving Spanish and Chinese flags took to the streets of Madrid on Friday to protest against BBVA, saying the bank had blocked their accounts. I work in a consultancy office and I don't have suspicious transactions, "said Yunajie Chen, a Chinese accountant who arrived in Spain as a child and has been a BBVA client for over...
*Gold range bound between $1,300- $1325/ oz- analyst. Feb 15- Gold rose on Friday after weak U.S. economic data dialled down chances the Federal Reserve would hike rates this year, and as dismal signals from China and Europe compounded concerns of a global slowdown and supported safe-haven demand for bullion. The disappointing U.S. data followed a spate of weak...
LONDON, Feb 15- Britain's biggest mortgage lender Lloyds Banking Group has hired senior Morgan Stanley banker William Chalmers as its new chief financial officer. Chalmers will replace George Culmer in June this year subject to regulatory approvals, the bank said in a statement on Friday. Chalmers is currently co-head of Morgan Stanley's Global Financial...
LONDON, Feb 15- Britain's biggest mortgage lender Lloyds Banking Group has hired senior Morgan Stanley banker William Chalmers as its new chief financial officer.
Britain's embattled Prime Minister Theresa May is running down the clock with Brexit talks, Goldman Sachs said on Friday.
LONDON, Feb 15- Royal Bank of Scotland announced a better than expected dividend for investors including Britain's government on Friday after its profit more than doubled in 2018, but warned Brexit turmoil would make it harder to achieve its cost-cutting goals. The majority state-owned lender said it would pay an annual dividend of 3.5 pence and a special...
*Annual dividend per share of 13 pence. LONDON, Feb 15- Britain's Royal Bank of Scotland unveiled a better than expected dividend for long-suffering investors after its profit more than doubled in 2018, but warned Brexit would make it harder to achieve its cost-cutting goals. The majority-state owned lender announced an annual dividend of 3.5 pence and a...
BEIJING, Feb 15- China's outstanding total social financing was 205.08 trillion yuan at the end of January, up 10.4 percent from a year earlier, the central bank said on Friday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.
LONDON, Feb 15- Britain's Royal Bank of Scotland unveiled a better than expected dividend for long-suffering investors after its profit more than doubled in 2018, but the lender warned Brexit would make it harder to achieve its cost-cutting goals. The majority-state owned lender announced an annual dividend of 3.5 pence and a special dividend of 7.5 pence,...
Craig Drummond, CEO of Medibank, is reportedly a front-runner for the post of chief executive at National Australia Bank. Drummond tells CNBC he is "really proud" of what Medibank has achieved and is focused on work that the insurer needs to do.
Royal Bank of Scotland reported a net income of £1.62 billion ($2.07 billion) for 2018 on Friday.
German insurer Allianz said on Friday that net profit rose 19 percent in the fourth quarter from a year earlier.
SAN FRANCISCO, Feb 14- In January, the Federal Reserve delivered what investors took as a kind of love letter, a rate-hike pause that sent stock markets soaring. "Roses are red, Blah blah blah blah," Minneapolis Federal Reserve Bank President Neel Kashkari, one of the Fed's most ardent doves, tweeted early on Thursday. #Fedvalentines via Twitter most years since 2012,...
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