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Finance Banks

  • Steven Eisman, senior portfolio manager at Neuberger Berman

    Steve Eisman, a fund manager at Neuberger Berman, said Thursday he is betting Wells Fargo shares will go down, while Citigroup shares will rise.

  • Goldman Sachs' David Solomon: We have an edge in debt capital markets business

    Goldman Sachs President & Co-COO David Solomon speaks to CNBC's Wilfred Frost about the firm's business strategy.

  • BANGKOK, Oct 19- Two of Thailand's leading banks reported higher third-quarter profit on Thursday, with Bank of Ayudhya producing record earnings on the back of a jump in net interest income. "We expect the continuation of economic momentum, together with an expected seasonal rise in business for both retail and commercial lending," Bank of Ayudhya President and...

  • ISTANBUL, Oct 19- Turkey and Iran's central banks have formally agreed to trade in their local currencies, Prime Minister Binali Yildirim said on Thursday, a move aimed at increasing bilateral trade. The central banks of both countries agreed on this issue and they will inform other banks about how the deal will be applied, "Yildirim told a joint news conference...

  • China's central bank just warned of a sudden collapse in asset prices

    China's central bank has said it should prevent accumulation of risk from excessive optimism.

  • BANGKOK, Oct 19- Two of Thailand's leading lenders reported higher third-quarter profit on Thursday, with Bank of Ayudhya raking in record earnings, driven by a jump in net interest income. The outlook for Thailand's banking sector has brightened as growth in Southeast Asia's second-biggest economy begins to build momentum on rising exports and consumption.

  • TOKYO, Oct 19- The chief executive of Japan's largest bank expects new business opportunities to appear as digital currencies allow collection of data on how people use their money. While Japan's big banks have distanced themselves from bitcoin and other existing digital currencies, they are trying to create their own to provide cheaper and easier means of...

  • NEW YORK _ Signature Bank on Thursday reported third-quarter profit of $124.5 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share. Fifteen analysts surveyed by Zacks expected $322.2 million.

  • **The head of the Norwegian central bank, Oeystein Olsen, and the head of the fund's management, Yngve Slyngstad, are at odds over the future of Norway's $1 trillion sovereign wealth fund, business daily Dagens Naeringsliv reports on Thursday. **DN says, citing anonymous sources, that Olsen would like to keep the fund's management as a unit of the central bank, while...

  • BEIJING, Oct 19- China's central bank chief on Thursday issued a stark warning about asset bubbles in the world's second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending and record bank lending. Zhou's comments refer to a theory on prices derived by American economist Hyman Minsky and...

  • HONG KONG, Oct 19- China's central bank governor, Zhou Xiaochuan, warned on Thursday of the risks of a "Minsky moment," citing relatively high corporate debt and saying household lending was rising too quickly. On the sidelines of a key, twice-a-decade Communist Party Congress, Zhou pledged to fend off such risks. Federal Reserve chief Janet Yellen, who was then San...

  • BEIJING, Oct 19- China's top banking regulator said on Thursday that the country will further open up its banking system to foreign investors, who have failed to make inroads into the highly regulated sector and seen their market share decline. The market share of foreign banks in China has decreased to 1.2 percent now from 2.4 percent 10 years ago, Guo said.

  • *China recorded $20 bln in net inflow in Sept- analyst. BEIJING, Oct 19- China's central bank recorded a net purchase of foreign exchange for the first time in nearly two years in September, as capital outflows taper off and the yuan strengthens. The figure compares with sales of 821 million yuan in foreign exchange in August and reverses trends in recent years of...

  • LONDON, Oct 19- Standard Chartered closed some bank accounts linked to the Gupta family in South Africa in 2014, a spokeswoman for the bank said on Thursday. Britain's Financial Conduct Authority separately said it is in contact with StanChart and HSBC following reports in British newspapers that Britain's finance minister has asked regulators to...

  • BANGKOK, Oct 19- Bank of Ayudhya Pcl, Thailand's fifth-largest lender, raked in record high quarterly profits, driven by improvement in net interest and fee incomes. The outlook for Thailand's banking sector has brightened with growth in Southeast Asia's No.2 economy beginning to find momentum on rising exports and consumption. For the three months ended...

  • BEIJING, Oct 19- China's central bank recorded a net purchase of foreign exchange for the first time in nearly two years in September, as capital outflows taper off and the yuan rises. The figure compares with sales of 821 million yuan in foreign exchange in August and reverses trends in recent years of large foreign exchange sales as China sought to backstop the...

  • BANGKOK, Oct 19- Bank of Ayudhya Pcl, Thailand's fifth-largest lender, reported its third-quarter net profit rose 3.2 percent from a year ago, driven by an improvement in net interest income. Bank of Ayudhya, controlled by Japan's Mitsubishi UFJ Financial Group Inc, on Thursday posted a net profit of 6.01 billion baht for the quarter ended September, versus 5.83...

  • BENGALURU, Oct 19- The European Central Bank will say on Oct. 26 it will start trimming its monthly asset purchases to 40 billion euros from 60 billion euros in January, according to a Reuters poll of economists. The central bank has been pressured by some members of the ECB's Governing Council to signal its intent to wind down and end the quantitative easing...

  • Grace Wu, senior director of financial institutions at Fitch Ratings, said second-tier banks in China are one corner to watch as the country attempts to curb credit growth and deleverage.

  • BEIJING, Oct 19- China's central bank governor Zhou Xiaochuan said on Thursday that he is likely to retire soon, confirming an earlier Reuters report. "Either way it'll be soon," Zhou said on the sidelines of the Communist Party Congress, when asked whether he would retire this year or next. China's top banking regulator Guo Shuqing and veteran banker Jiang...

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