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Finance Banks

  • NEW YORK, Aug 21- U.S. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are due to speak at the conference. "Are they going to try to pare back asset purchases, what their thinking is on inflation," are among the main questions, said Subadra Rajappa, head of U.S. interest rate strategy at Societe Generale in New York.

  • NEW YORK, Aug 21- U.S. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are due to speak at the conference. Treasury yields fell to almost two-month lows on Friday as the continued shakeup and infighting at the White House reduced expectations that lawmakers will pass fiscal measures aimed at boosting growth.

  • *STOXX 600 down 0.5 pct, euro zone blue-chips down 0.7 pct. LONDON, Aug 21- European stocks fell further on Monday as geopolitical jitters trickled over from Asia, though gains in carmaker Fiat Chrysler and Danish shipping firm Maersk helped limit losses. The risk-off move in Europe hit banks the hardest, down 0.9 percent with Deutsche Bank and French lenders...

  • Ray Dalio

    Dalio compared the current climate to 1937, as Hitler rallied Germans and the U.S. plunged further into the economic abyss.

  • *Emerging market euro borrowing hits record 250 bln euros. *Euro zone investors hold 400 bln euros of emerging currency debt. LONDON, Aug 21- Emerging economies' debt in euros has shot to record highs thanks to European Central Bank largesse, and yet an approaching end to this generosity won't necessarily inflict the kind of pain that markets once suffered at the...

  • ZURICH, Aug 21- The Swiss National Bank will have to wait years before it can start winding down its huge foreign currency holdings for fear of triggering renewed rises in the Swiss franc that would hurt exporters. As monetary policy at the European Central Bank and U.S. Its foreign cash pile has become the world's largest in relation to GDP, representing nearly...

  • *Canadian dollar at C $1.2575 or 79.52 U.S. cents. TORONTO, Aug 21- The Canadian dollar was marginally firmer against its U.S. counterpart on Monday as investors look toward comments from central bank officials at the annual Jackson Hole summit and domestic retail sales data later this week. trading at C $1.2575 to the greenback, or 79.52 U.S. cents, up 0.1 percent.

  • NEW YORK, Aug 21- U.S. Investors were focused on this weeks annual central banking conference in Jackson Hole, Wyoming, which begins on Thursday, where Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are due to speak. Are they going to try to pare back asset purchases, what their thinking is on inflation, are among the main...

  • NEW YORK, Aug 21- U.S. Investors were focused on this weeks annual central banking conference in Jackson Hole, Wyoming, which begins on Thursday, where Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are due to speak. Are they going to try to pare back asset purchases, what their thinking is on inflation, are among the main...

  • LONDON, Aug 21- The euro rebounded from the day's lows on Monday but held well below a 2-1/ 2 year high hit earlier this month as markets bet the single currency's double-digit gains this year may be too much for a central bank that is still wary of removing stimulus. With very little in the way of top-tier economic data, market watchers are focused on the annual...

  • BUDAPEST, Aug 21- The forint eased on Monday, while most central European currencies were treading water, amid some expectations that the Hungarian central bank could try to weaken the currency in the statement it issues after a rate-setting meeting on Tuesday. The region's most dovish central bank is expected to keep its record-low interest rates on hold this...

  • SYDNEY, Aug 21- Rising mortgage delinquencies and repossessions in outback mining towns are starting to bite Australia's banks, with Westpac Banking Corp the latest to report an increase on Monday. In a third-quarter update, Australia's second-biggest bank by market value said repossessions jumped 10 percent mainly due to weak conditions in resource-rich...

  • Starling Bank CEO Anne Boden

    Digital-only startup Starling Bank is being watched by some of the biggest banks – and they'll probably try to copy its model, according to CEO Anne Boden.

  • BENGALURU, Aug 21- Gold prices were little changed on Monday as investors sought further direction after a week of geopolitical uncertainty in the United States and Europe and ahead of a meeting of central bankers later this week. President Donald Trump fired his chief strategist Steve Bannon in the latest White House shake-up. "Political tensions were...

  • Aug 21- Australia's Westpac Banking Corp said on Monday its stressed assets edged slightly lower during the third quarter, despite a rise in mortgage delinquencies. In a limited third-quarter update, Australia's second-biggest bank by market value said stressed assets slipped four basis points to 1.10 percent of total lending, although repossessions...

  • HONG KONG/ SYDNEY, Aug 21- A money laundering probe at Commonwealth Bank of Australia is the latest in a slew of scandals denting the reputation of Australian banks as simple, reliable lenders at the forefront in the battle against financial crime. "That is not as widespread yet in Australia," she said. Know-your-customer and anti-money laundering processes...

  • Aug 21- Australia's Westpac Banking Corp said on Monday its stressed assets edged lower during the third quarter helped by a fall in impaired assets. In a limited third-quarter update, Australia's second-biggest bank by market value said stressed assets slipped four basis points to 1.10 percent although Australian mortgage defaults nudged two basis...

  • Allan Dunlap at a motel in Mentor, Ohio, Aug. 16, 2017. Dunlap, who had taken out a loan from Wells Fargo on a Chrysler 300 SRT-8, ended up selling the vehicle so he could close out the Wells Fargo loan.

    A former Wells Fargo borrower says the bank "forced" more, unnecessary insurance coverage on his vehicle, N.Y. Times reports.

  • Gas oil North Dakota

    Goldman's weak second-quarter trading results were partly due to a bad call on regional natural gas prices, according to the Wall Street Journal.

  • *China's top five lenders to start reporting earnings next week. BEIJING/ SHANGHAI, Aug 18- Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the specter of corporate defaults as financing costs climb further in the world's No.2 economy. Beijing's crackdown on...

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