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Finance Banks

  • Global investors seem to be getting bullish on banks Stateside, but the European banking system is still falling behind.

  • BEIJING, July 12- China's outstanding total social financing was 166.92 trillion yuan at the end of June, up 12.8 percent from a year earlier, the central bank said on Wednesday. It can also hint at trends in China's vast shadow banking sector. China's foreign exchange deposits were $793.1 billion at the end of June, compared with $779 billion a month earlier, the...

  • BEIJING, July 12- Total social financing, a broad measure of credit and liquidity in the economy, rose to 1.78 trillion yuan in June from 1.06 trillion yuan in May, data from the central bank showed on Wednesday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from...

  • HONG KONG, July 12- China CITIC Bank International, the offshore banking arm of conglomerate CITIC Group, is selling $2.8 billion of its Asian loan portfolio including financing it extended to ChemChina, Fosun International and China Evergrande Group, Thomson Reuters Basis Point reported on Wednesday. Hong Kong based CITIC Bank International has put 51 Asia...

  • Fintech app Revolut has raised $66 million in a venture capital investment in order to expand its operations further across Asia and North America.

  • SHANGHAI, July 12- China stocks were mixed on Wednesday morning, with bank shares powering the "Nifty 50" blue-chips to a 23- month high, as investors sought firms with solid fundamentals amid a continued correction in small-caps. An index tracking the 50 most representative blue-chips in Shanghai, dubbed the "Nifty 50", gained 1 percent to its highest since August...

  • *Fed chair to testify to Congress on Wednesday and Thursday. *Bank of Canada interest rate decision awaited. TOKYO, July 12- The dollar edged down to 14- month lows against the euro in Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son...

  • NEW YORK- Simon Potter, executive vice president at the Federal Reserve Bank of New York, speaks on "The Foreign Exchange Global Code" before the 14th Annual FX Week USA Conference, in New York 1345 GMT. WASHINGTON- Federal Reserve Chair Janet Yellen delivers semi-annual monetary policy testimony before the House Financial Services Committee- 1400 GMT.

  • NEW YORK- Simon Potter, executive vice president at the Federal Reserve Bank of New York, speaks on "The Foreign Exchange Global Code" before the 14th Annual FX Week USA Conference, in New York 1345 GMT. WASHINGTON- Federal Reserve Chair Janet Yellen delivers semi-annual monetary policy testimony before the House Financial Services Committee- 1400 GMT.

  • WASHINGTON, July 11- President Donald Trump is increasingly unlikely to nominate Federal Reserve Chair Janet Yellen next year for a second term, and National Economic Council Director Gary Cohn is the leading candidate to succeed her, Politico reported on Tuesday, citing four people close to the process. Politico said sources in the White House, the Treasury...

  • OTTAWA, July 11- The Bank of Canada is widely expected to raise interest rates on Wednesday for the first time in nearly seven years, following the Federal Reserve in a bid to inch rates back towards normal after the global financial crisis a decade ago. The bid by Bank of Canada Governor Stephen Poloz to move rates from near-historic lows of 0.50 percent is hotly...

  • TORONTO, July 11- Canada is leading the charge higher in global bond yields as major central banks turn more hawkish, but the rapid climb in domestic yields may have gone far enough for the Bank of Canada which is also concerned about risks to financial stability. Investors expect the Bank of Canada to raise interest rates on for the first time in nearly seven years...

  • Market is waiting for more guidance on Fed policy or economic acceleration: Santoli

    Discussing the winners and losers of the market at the closing bell with Jeanie Wyatt, South Texas Money Management, and Dennis Berman, Wall Street Journal.

  • NEW YORK, July 11- U.S. In an interview with the Wall Street Journal on Tuesday, Harker said if inflation did not move toward the Fed's 2 percent target, then that would be a reason to hold off raising rates. Jim Vogel, interest rates strategist, at FTN Financial in Memphis, Tennessee, said those comments sounded like both officials were leaning toward a pause in the...

  • July 11- A day ahead of Federal Reserve Chair Janet Yellen's testimony to Congress on the state of the U.S. economy, two of her colleagues cited low wage growth and muted inflation as reasons for caution on further interest rate increases. Fed Governor Lael Brainard supported the June rate rise and on Tuesday embraced the plan to reduce the balance sheet "soon," but...

  • July 11- The Federal Reserve should begin reducing its $4.2 trillion holdings of government bonds and other securities soon as long as economic data on U.S. jobs and growth holds up, Fed Governor Lael Brainard said on Tuesday. "I believe it would be appropriate soon to commence the gradual and predictable process of allowing the balance sheet to run off," Brainard, a...

  • The market should be prepared for balance sheet reduction: Trader

    CNBC's Steve Liesman discusses JPMorgan's CEO Jamie Dimon's comments about the Fed taking the market by surprise. The “Fast Money Halftime Report” traders and CNBC's Rick Santelli weigh in.

  • Yellen will deliver her semi-annual monetary policy testimony before the House Financial Services Committee on Wednesday and the Senate Banking Committee on Thursday. San Francisco Federal Reserve Bank President John Williams said in Sydney earlier on Tuesday that he still expected one more increase in interest rates from the Fed this year and for the...

  • LONDON, July 11- Britain may have left it too late to convince major banks that it can strike a deal to soften the impact of Brexit before they start shifting jobs from London. Finance minister Philip Hammond said last week that Britain should push for a transitional deal to help businesses, while the government held its first high level meeting with corporate...

  • NEW YORK, July 11- A federal judge granted the FDIC permission to revive lawsuits against Citigroup Inc, Bank of New York Mellon Corp and U.S. District Judge Andrew Carter in Manhattan said the FDIC could try to show it still had legal standing to sue as the receiver for Austin- based Guaranty Bank, despite having transferred its claims to a "resecuritization trust"...

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