×

Finance Banks

  • Janet Yellen, chair of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, June 14, 2017.

    Jim Cramer applauds the head of the Federal Reserve for remaining level-headed in the face of the president's pro-business promises.

  • NEW YORK, June 14- Wall Streets top banks pulled forward their expectations for the Federal Reserve to announce when it will begin reducing its $4.5 trillion bond portfolio to as early September after the central bank offered more details on the plan on Wednesday, a Reuters poll showed.

  • *Canadian dollar at C $1.3234, or 75.56 U.S. cents. *Loonie touches its strongest since Feb. 28 at C $1.3165. TORONTO, June 14- The Canadian dollar edged higher on Wednesday against its U.S. counterpart but pulled back from a 3-1/ 2- month high as oil prices fell sharply and the Federal Reserve raised interest rates.

  • Why Yellen was right on 'Trump effect'

    Jim Cramer applauds the head of the Federal Reserve for remaining level-headed in the face of the president's pro-business promises.

  • *Dollar index flat after falling to lowest since Nov. 9. NEW YORK, June 14- The dollar was steady on Wednesday, reversing major early losses, after the Federal Reserve raised U.S. overnight interest rates and said it was prepared to continue tightening monetary policy. The dollar index, which tracks the greenback against six major currencies, fell to its lowest level...

  • WASHINGTON, June 14- The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market. The initial cap for the reduction of the Fed's Treasuries holdings would be set at $6...

  • Janet Yellen

    U.S. Bancorp raised the prime rate to 4.25 percent following the Fed announcement to increase rates by a quarter point.

  • TORONTO, June 14- Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least limit its role in fueling a potential bubble with low interest rates. The bank, under pressure to act as home prices soared in Toronto and Vancouver, switched to a hawkish stance this week,...

  • NEW YORK/ LONDON, June 14- Gold turned negative on Wednesday after the Federal Reserve increased interest rates but was less dovish than expected following a two-day meeting, and the dollar sharply pared its losses against a basket of major currencies. Spot gold fell 0.2 percent at $1,263.03 an ounce by 3:10 p.m. EDT, while U.S. gold futures for.

  • *Fed raises rates, gives details on balance sheet reduction. NEW YORK, June 14- U.S. stocks edged lower on Wednesday after the Federal Reserve raised interest rates for the second time in three months and weaker oil prices weighed on the energy sector. "I dont think that there is really too much new in here outside of the fact that the Fed remains committed to the slow...

  • NEW YORK, June 14- The Federal Reserve pressed ahead with plans to shrink its $4.5 trillion in bond holdings, outlining on Wednesday a very gradual plan for trimming securities that came in at the low end of Wall Street estimates. The Fed plans to initially allow no more than $6 billion in Treasuries to run off per month, and will raise that "cap" each quarter by $6...

  • DUBAI, June 14- Kuwait's central bank said on Wednesday it was keeping its discount rate at the current level of 2.75 percent, despite the U.S. Federal Reserve's decision to raise rates by 25 basis points. In a statement, the Kuwaiti central bank noted that it had hiked its key rate following U.S. interest rate rises in the past.

  • WASHINGTON, June 14- The Federal Reserve raised interest rates on Wednesday for the second time in three months, citing continued U.S. economic growth and job market strength, and announced it would begin cutting its holdings of bonds and other securities this year. The Fed said the initial cap for Treasuries would be set at $6 billion per month initially and...

  • *Fed raises rates, gives details on balance sheet reduction. June 14- U.S. stocks were little changed on Wednesday after the Federal Reserve made a widely expected move to raise interest rates for the second time in three months. The Fed "met expectations and delivered a dovish hike," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in...

  • *RBC, TD, BMO among banks likely to provide funds- sources. TORONTO, June 14- Home Capital Group Inc is in talks with a syndicate of banks, including some of Canada's biggest lenders, to secure a loan of about C $2 billion to replace a costly emergency credit line it agreed in April, people with knowledge of the matter told Reuters. The new loan will be on much more favorable...

  • TORONTO, June 14- Home Capital Group Inc is in talks with a syndicate of banks, including some of Canada's biggest lenders, to secure a loan of about C $2 billion to replace a costly emergency credit line it agreed in April, people with knowledge of the matter told Reuters. Depositors have withdrawn 95 percent of funds from Home Capital's high interest savings...

  • BRUSSELS, June 14- European Union regulators should consider the social impact of winding down banks when they apply new liquidation rules that could affect depositors, retail investors and senior bondholders, a German-Italian joint paper said. The rules have been criticised by Italy, which reached a preliminary deal with the EU this month for an exception so...

  • *Fed rate decision due at 2:00 p.m. ET. June 14- Wall Street was slightly lower on Wednesday as a drop in oil prices weighed on energy stocks, while weak economic data took a toll on bank shares ahead of a widely expected interest rate hike by the Federal Reserve. Oil prices fell to their lowest in more than five weeks after data showed a surprise buildup in U.S....

  • *German, French and Spanish yields hit fresh lows. LONDON, June 14- Europe's benchmark bond yield hit a fresh seven-week low as analysts said weak growth and inflation may encourage the U.S. central bank to adopt a cautious tone after a widely expected rate hike at its meeting on Wednesday. Germany's 10- year yield and most other euro zone equivalents dropped on...

  • DUBAI, June 14- Qatar National Bank, the largest bank in the Middle East and Africa, has seen no significant outflows of deposits since a diplomatic rift started between Qatar and certain other Arab countries, it said on Wednesday. Last week, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt decided to cut diplomatic ties with Qatar and impose stringent...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.