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Finance Banks

  • PRAGUE- Czech National Bank to publish the minutes from the March governing board meeting. CEBU, Philippines- Asean Finance and Central Bank Deputies Meeting. CEBU, Philippines- Asean Finance and Central Bank Deputies Meeting.

  • No Uber moment for Fintech just yet: Financial services firm

    Banks needs to use fintech to reduce cost on the back-end and invest on the front-end, says Tim Gokey, COO of Broadridge Financial Solutions.

  • WASHINGTON, April 6- White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. Reinstating the law, which was repealed in 1999, has not attracted significant attention in Congress, but...

  • Canada's 10- year yield hovered around 79 basis points below its U.S. counterpart, at nearly its widest spread since November. Strategists expect the Canadian dollar to weaken over the coming months as the Bank of Canada stays sidelined even as the Federal Reserve hikes interest rates still further. "The loan survey earlier this week, although it was strong, the...

  • WASHINGTON, April 6- Former Goldman Sachs Group Inc executive and White House adviser Gary Cohn shocked more than a few of his former Wall Street colleagues this week when he showed support for reinstating a Depression-era law that would break up the biggest U.S. banks. :Since the 2008 financial crisis, Glass-Steagall has become a calling card for politicians...

  • JP Morgan Chase Chairman and CEO Jamie Dimon listens during an Institute of International Finance panel discussion in Washington, Oct. 10, 2014.

    Kashkari said bank equity won't be enough to help the industry in the case of another crisis, and believes regulators are being too easy.

  • Caution tape, market

    CFRA says "much optimism" is already priced into the financials sector.

  • WASHINGTON, April 6- White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. Reinstating the law, which was repealed in 1999, has not attracted significant attention in Congress, but...

  • *Britain opposes the tightening, adds to Brexit risks. VALLETTA, April 6- The European Central Bank has proposed that large branches of foreign banks in the European Union be subject to tighter regulation and capital requirements, a move that would increase U.S. and Asian lenders' costs and also hit British banks after Brexit. The ECB proposal to European Union...

  • The banks have also questioned whether the country's Competition Commission can penalise banks which do not have subsidiaries or branches in South Africa, the sources said. The Competition Commission is seeking to impose fines on more than a dozen local and foreign banks that it alleges colluded to coordinate trading in the rand and the U.S. dollar.

  • TORONTO, April 6- Canada's main stock index rose on Thursday, bolstered by a rise in energy and financial stocks, but a dip in resource shares offset some of the gains. The most influential movers on the index included Canada's largest bank, Royal Bank of Canada, which rose 0.6 percent to C $97.62, and Bank of Nova Scotia, which advanced 0.8 percent to C $78.74.

  • MUMBAI, April 6- India's central bank surprised markets on Thursday by raising a secondary rate while holding the key rate steady, a move to help mop up liquidity and signal its worries about a potential spike in inflation. As widely expected, the Reserve Bank of India kept the repo rate at 6.25 percent, where it's been since October. Importantly, it also encourages...

  • FRANKFURT, April 6- It would make sense if the U.S. economy continues to grow for the Federal Reserve to begin trimming its $4.5 trillion balance sheet towards the end of this year, unwinding extraordinary stimulus deployed during the crisis, a Fed policymaker said on Thursday. John Williams, president of the San Francisco Federal Reserve Bank, said this process...

  • *Central bank to hold news conference at 1215 GMT. BUDAPEST/ PRAGUE, April 6- The crown firmed on Thursday after the Czech central bank removed its 3- and-1/2-year cap on the crown's value. The bank will hold a news conference at 1215 GMT.

  • By Jason Hovet and Jan Lopatka. PRAGUE, April 6- The Czech central bank scrapped its cap on the crown currency on Thursday, allowing it to float freely to stronger levels against the euro for the first time since 2013.. Market reaction was relatively mild ahead of a news conference by Central Bank Governor Jiri Rusnok at 1215 GMT.

  • *Central bank governor to hold briefing at 1215 GMT. PRAGUE, April 6- The Czech central bank scrapped its cap on the crown currency on Thursday, allowing it to float freely to stronger levels against the euro for the first time since 2013.. Market reaction was relatively mild ahead of a news conference by Central Bank Governor Jiri Rusnok at 1215 GMT.

  • *Central bank governor to hold briefing at 1215 GMT. PRAGUE, April 6- The Czech central bank scrapped its cap on the crown currency on Thursday, allowing it to float freely to stronger levels against the euro for the first time since 2013.. Market reaction was relatively mild ahead of a news conference by Central Bank Governor Jiri Rusnok at 1215 GMT.

  • LONDON, April 6- Major central banks need to plan ahead and work more closely together to ensure the world's bank funding markets do not freeze up again in future financial crises, the Bank for International Settlements said on Thursday. Federal Reserve's William Dudley, who chaired the BIS working group on the topic. One of the complications of providing banks...

  • JOHANNESBURG, April 6- South Africa's banking sector fell by nearly three percent on Thursday after S&P cut the credit ratings of several major financial institutions following a sovereign downgrade. A weak rand following the downgrade compounded the impact on banking shares on Thursday, with Capitec Bank 4.83 percent lower at 720.18 rand, FirstRand down...

  • PRAGUE, April 6- The Czech central bank scrapped its policy of capping the strength of the crown currency on Thursday, allowing it to float freely to stronger levels. Investors had bet billions of euros that the crown would strengthen after the central bank ended its intervention regime aimed at keeping the currency on the weak side of 27 per euro, which it put in...

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