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Finance Banks

  • AMMAN, Dec 16- Sabih al-Masri, a Palestinian billionaire and the chairman of Jordan's largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday. They said Masri, a Saudi citizen and Jordan's most prominent businessman with holdings in hotels and banking, was detained after...

  • AMMAN, Dec 16- Sabih al-Masri, a Palestinian billionaire and the chairman of Jordan's largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday. They said Masri, a Saudi citizen and Jordan's most prominent businessman with holdings in hotels and banking, was arrested after...

  • Tax reform will help mid-caps

    Jim Cramer took calls on tax reform and the bond market in an economically-driven fireside chat.

  • Cramer's fireside chat: Tax reform will 'absolutely' help mid-cap stocks

    Jim Cramer took calls on tax reform and the bond market in an economically-driven fireside chat.

  • OSLO- Norges Bank Governor Oystein Olsen gives a speech for students at ANSA's career day- 0935 GMT. TALLINN- Estonia Central bank Governor and European Central Bank Governing Council member Ardo Hansson will speak on Estonia's economy- 0900 GMT. OSLO- Norges Bank Governor Oystein Olsen gives a speech to Norges Bank regional network, Region East- 1100 GMT.

  • Senate Majority Leader Mitch McConnell, a Republican from Kentucky, right, speaks during a news conference on tax reform in Washington, D.C., U.S., on Thursday, Nov. 30, 2017.

    Jim Cramer took calls on tax reform and the bond market in an economically-driven fireside chat.

  • Strong earnings will drive the market higher

    Jim Cramer broke down the week ahead, in which data from Europe and a trickle of earnings reports could push stocks even higher.

  • Cramer's game plan: Strong earnings will drive the market higher

    Jim Cramer broke down the week ahead, in which data from Europe and a trickle of earnings reports could push stocks even higher.

  • Traders work on the floor of the New York Stock Exchange (NYSE) at the closing bell, November 30, 2017 in New York City. On Thursday afternoon, the Dow closed at over 24,000 points for the first time in its history.

    Jim Cramer broke down the week ahead, in which data from Europe and a trickle of earnings reports could push stocks even higher.

  • NEW YORK, Dec 15- New York's poorest neighborhoods are home to the city's student borrowers under the most stress, according to a central bank report released on Friday showing "troublingly high" loan default and delinquency rates mainly in the Bronx and Brooklyn. The Federal Reserve Bank of New York report, billed as the first neighborhood-level study of...

  • NEW YORK, Dec 15- Shares gained worldwide on Friday and Wall Street notched closing record highs on U.S. tax legislation optimism, while the U.S. yield curve turned its flattest in a decade after the Federal Reserve hiked interest rates this week. The European Central Bank and the Bank of England held off on hikes. Wall Street equities closed sharply higher as...

  • WASHINGTON, Dec 15- Randal Quarles, the top Federal Reserve official tasked with policing Wall Street, said on Friday that he would recuse himself from any matters concerning Wells Fargo& Co, the nation's third largest bank. Wells Fargo, which last year paid $190 million to settle a phony accounts scandal, is under investigation by two other financial agencies...

  • WASHINGTON— Randal Quarles, who is vice chairman for supervision at the Federal Reserve, says he will recuse himself from participating in matters specific to Wells Fargo& Co.. He said he was taking the step in light of the history his extended family members had with San Francisco- based Wells Fargo which involved the sale of their interest in a bank.

  • NEW YORK, Dec 15- The margin between U.S. shorter-dated and longer-dated Treasury yields shrank to its smallest in a decade on Friday, based on traders' expectations that the Federal Reserve would increase short-term interest rates further and long-term inflation would stay tame. Moreover, Fed Chair Janet Yellen said at her last news conference as the head of...

  • NEW YORK, Dec 15- World shares gained on Friday and Wall Street opened higher on U.S. tax legislation optimism, while the U.S. yield curve hit its flattest in a decade after the Federal Reserve hiked interest rates earlier this week. The European Central Bank and the Bank of England held off on hikes. Wall Street equities sharply rose as U.S.

  • Tax reform is the key for unlocking faster economic growth: Rep. French Hill

    Rep. French Hill (R-Ark.) discusses the impact of the Republican-backed tax reform bill on small business and overall economic growth.

  • MOSCOW, Dec 15- The Russian central bank said on Friday it may write off 100 billion roubles in subordinated debt issued by Promsvyazbank to reduce the amount the regulator needs to spend on bailing out the lender. "If you look at previous similar cases in Russia, all subordinated debt holders have been completely wiped out," said Ekaterina Sidorova, a corporate...

  • MOSCOW, Dec 15- Russia's central bank may have to sink up to $3.4 billion into its bailout on Friday of Promsvyazbank, the country's 10th largest private lender, the third such rescue this year. The bailouts mark the biggest challenge to Russia's financial sector since a financial crisis 20 years ago and show how the country and its banks are grappling with the...

  • Citi Chief Executive Mike Corbat at a July investor day called the business the backbone of Citis institutional business, noting it had grown year over year for three years despite lower rates and slower economic activity. The bank last year launched a partnership with Rutgers University in New Jersey that aims to teach students about the ins and outs of cash...

  • Japan's economy is now into its best period of expansion this century, the labour market continues to improve, and bank lending is booming. Yet the BOJ's stimulus remains pretty much at full throttle, having already ballooned its balance sheet to the same size as Japan's GDP. -Japan's 3 Q GDP blows past initial estimates as business investment surges-.

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