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Finance Banks

  • LONDON, May 16- Britain is set to sell its remaining stake in Lloyds Banking Group on Wednesday, making the lender the first to re-emerge from British state ownership in a symbolic step for the country's recovering banking sector. This involved Lloyds, Britain's biggest retail lender, being rescued after an ill-fated government-brokered takeover of rival...

  • A costumed reveller wearing a mask depicting Munch's famous painting 'The Scream'

    A decline in yields indicates investor demand for products at the high end of the risk scale.

  • LONDON, May 16- The British government is due to announce the sale of its remaining stake in Lloyds Banking Group on Wednesday, the first lender to fully repay its state bailout in a landmark moment for the recovery of Britain's banking sector. Britain spent more than 20 billion pounds rescuing Lloyds during the global financial crisis of 2007-9, leaving the...

  • Donald Trump

    The latest in a seemingly endless parade of scandals will further erode the president's ability to make progress on major legislative goals.

  • Jamie Dimon, CEO, JPMorgan Chase

    The JPMorgan Chase Chairman and CEO felt the need to address his willingness to support the president.

  • People walk near a Wachovia bank branch in New York, in 2008.

    Keith Noreika helped big banks avoid state laws protecting consumers. In his new federal position, Noreika can override those laws, ProPublica reports.

  • JOHANNESBURG, May 16- South Africa's central bank governor Lesetja Kganyago said on Tuesday that raising lending rates would do little to attract new investments to the country after its credit rating was downgraded to junk. Kganyago, due to announce his first rates decision since S&P Global Ratings and Fitch cut South Africa's credit score to...

  • James Simons, director of Renaissance Technologies Corp.

    Don't weep too much for the $3 trillion industry's magnates: there were still plenty of billions to go around.

  • *Taiwan on U.S. watchlist of possible currency manipulators. *Taiwan's central bank head wants Taiwan off the U.S. watchlist. TAIPEI, May 16- As he counts down his final months at the helm of Taiwan's central bank, Governor Perng Fai- nan has made it his mission to get Taiwan off the U.S. government's list of possible currency manipulators by turning on its head a...

  • BEIJING, May 16- China's central bank said on Tuesday it would auction 80 billion yuan of three-month deposits to commercial banks on May 19. The central bank operates the sale on behalf of China's finance ministry, which runs a cash management programme. Banks will bid for the right to take the deposits.

  • CNBC's Carolin Roth speaks about the case for investing in UBS.

  • LONDON, May 16- European shares retreated early on Tuesday as disappointing earnings updates weighed on banks and pharma firms, though a well-received update from Vodafone helped the FTSE 100 touch a record high. The pan-European STOXX 600 index was down 0.1 percent, and Germany's DAX traded flat. Banking stocks were the biggest weight, with Spain's Banco...

  • SHANGHAI, May 16- China stocks reversed earlier losses to end higher for the fourth straight day on Tuesday, as investors were relieved by central bank efforts to boost liquidity in the financial system even as regulators announced fresh curbs on shadow banking. Late on Monday, China's banking regulator tightened disclosure rules on lenders' wealth...

  • TOKYO, May 16- Bank of Japan Governor Haruhiko Kuroda said on Tuesday he was "quite sure" the central bank could smoothly exit from its massive monetary stimulus when the appropriate time to do so came. "There may be some challenging issues, but I'm quite sure the BOJ has enough tools" to manage an exit from its stimulus programme, Kuroda told a seminar hosted by the Wall...

  • Japan and US taking same position on AIB

    Japanese Prime Minister Shinzo Abe explains to CNBC why his country is not participating in the Asian Infrastructure Investment Bank.

  • *China banking regulator tightens rules on WMPs. *China c.bank injects net 170 bln yuan, the most in nearly 4 mths. SHANGHAI, May 16- China stocks capped off Tuesday morning on a weaker footing as worries about fresh moves to restrict shadow banking were only partially offset by a generous injection of cash by the central bank apparently aimed at easing liquidity...

  • SEOUL, May 16- South Korea's anti-trust regulator fined Deutsche Bank AG and BNP Paribas a total of 176 million won after it found that their branches had colluded during currency forwards auctions. South Korea's Fair Trade Commission said on Tuesday that the two banks had made illegal profits from 2011 April through 2014 November by colluding on prices of...

  • FRANKFURT- European Central Bank Executive Board Member Benoit Coeure will give speech at the annual dinner of the ECB's Bond Market Contact Group 1800 GMT. BRUSSELS- European Economic Area Council. FRANKFURT- European Central Bank governing council non-monetary policy meeting.

  • FRANKFURT- European Central Bank Executive Board Member Benoit Coeure will give speech at the annual dinner of the ECB's Bond Market Contact Group 1800 GMT. BRUSSELS- European Economic Area Council. FRANKFURT- European Central Bank governing council non-monetary policy meeting.

  • Bet on U.S. banks: Eisman

    Steve Eisman, Neuberger Berman Group fund manager, discuss the Trump agenda's impact on the markets. The "Fast Money" traders weigh in.

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