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Finance Banks

  • HSBC

    HSBC, listed in Hong Kong, London and New York, released its third-quarter financial statement on Monday.

  • SYDNEY, Oct 30- Australia's Westpac Banking Corp said on Monday it plans to defend itself in a lawsuit brought by the nation's corporate regulator accusing it of rigging a key interest rate- unlike two rivals who have agreed to settle similar cases. ASIC filed a civil lawsuit against the three lenders last year, alleging they had rigged Australia's primary...

  • *Spot gold dipped 0.1 percent, to $1,271.70 per ounce at 0104 GMT. *President Donald Trump is leaning towards nominating Federal Reserve Governor Jerome Powell to be the next head of the U.S. central bank, two sources familiar with the matter said on Friday. *The dollar hovered near three-month highs against a currency basket on Monday, and Asian shares climbed, with...

  • Ivan Li, research director, DBS Vickers, said he expects HSBC's third quarter will show a dip from the second quarter as non-performing loans rise.

  • Uwe Parpart, chief strategist, Capital Link International, said the 19th Party Congress provides good assurance on China's ability to deleverage debt loads to the benefit of the big four banks.

  • **OTTAWA- The Governor of the Bank of Canada, Stephen Poloz, will appear before the House of Commons Standing Committee on Finance. **OTTAWA- The Governor of the Bank of Canada, Stephen Poloz, will appear before the Standing Senate Committee on Banking, Trade and Commerce. BERN, Switzerland- Swiss National Bank board member Fritz Zurbrugg will give a speech about "Loans,...

  • Martin Smith, head of market analysis, East & Partners, says HSBC has shown it can cut costs, but earnings also need to show revenue gains.

  • TOKYO, Oct 28- Bank of Japan Governor Haruhiko Kuroda looks favoured to get a second five-year term when his current one ends in April, the Nikkei business paper reported on Saturday. Following last week's landside election win for Prime Minister Shinzo Abe's ruling bloc, top advisers will discuss candidates for central bank chief, with Kuroda the "leading...

  • **OTTAWA- The Governor of the Bank of Canada, Stephen Poloz, will appear before the House of Commons Standing Committee on Finance. **OTTAWA- The Governor of the Bank of Canada, Stephen Poloz, will appear before the Standing Senate Committee on Banking, Trade and Commerce. BERN, Switzerland- Swiss National Bank board member Fritz Zurbrugg will give a speech about "Loans,...

  • WASHINGTON, Oct 27- President Donald Trump is leaning toward nominating Federal Reserve Governor Jerome Powell to be the next head of the U.S. central bank, two sources familiar with the matter said on Friday. He is expected to announce his pick, which would need to win Senate approval, before he departs on a trip to Asia on Nov. 3. The term of current Fed chair Janet...

  • *Catalonia moves to declare independence from Spain. *Trump said to favor Powell as Fed chairman- Bloomberg. Treasury yields fell on Friday as Catalonia's parliament declared independence from Spain and as reports emerged that President Donald Trump favored Federal Reserve Governor Jerome Powell to lead the U.S. central bank.

  • WASHINGTON, Oct 27- President Donald Trump is leaning toward nominating Federal Reserve Governor Jerome Powell to be the next head of the U.S. central bank, two sources familiar with the matter said on Friday. Trump has said he has been considering Powell, as well as Stanford University economist John Taylor, for the post. He is expected to announce his pick, which...

  • BOGOTA, Oct 27- Colombia's central bank unexpectedly lowered the benchmark interest rate to 5 percent on Friday, as policymakers seek a boost to economic growth even amid uncertainty about the rate of inflation. The following is a Reuters translation of the statement accompanying the bank's decision:. The central bank board today decided to lower the...

  • WASHINGTON, Oct 27- President Donald Trump is leaning toward nominating Federal Reserve Governor Jerome Powell to be the next head of the U.S. central bank, two sources familiar with the matter said on Friday. Trump has said he has been considering Powell, as well as Stanford University economist John Taylor, for the post. He is expected to announce his pick, which...

  • WASHINGTON, Oct 27- President Donald Trump is leaning toward nominating Federal Reserve Governor Jerome Powell to be the next head of the U.S. central bank, Bloomberg News reported on Friday, citing three unnamed people familiar with the matter. Trump has said he has been considering Powell, as well as Stanford University economist John Taylor, for the post.

  • WASHINGTON, Oct 27- President Donald Trump is leaning toward nominating Federal Reserve Governor Jerome Powell to be the next head of the U.S. central bank, Bloomberg News reported on Friday, citing three unnamed sources. Trump has said he has been considering Powell, as well as Stanford University economist John Taylor, for the post. He is expected to announce his...

  • OSLO, Oct 27- Norway's $1 trillion sovereign wealth fund expects more banks to address how their lending contributes to greenhouse gas emissions after BNP Paribas' decision to stop funding shale energy projects, the fund's CEO said on Friday. France's biggest listed bank said on Oct. 11 it would no longer work with oil and natural gas companies that primarily do...

  • PARIS/ FRANKFURT, Oct 27- With euro zone growth accelerating, the European Central Bank should reduce emphasis on the support provided by fresh asset purchases as its large balance sheet and low rates now provide the bulk of stimulus, two policymakers said on Friday. But French Central Bank chief Francois Villeroy de Galhau and Bundesbank President Jens...

  • The euro fell after the European Central Bank signalled it would tread carefully as it removes stimulus, and as the dollar kicked higher on signs that U.S. Europe's STOXX technology index rose 1 percent to its highest in almost 16 years. "I think it's a continuation of yesterday's European Central Bank update," said CMC Markets analyst David Madden.

  • Bitcoin

    Sergio Ermotti told CNBC that while UBS has seen success in its trade finance blockchain platform, he was “not necessarily” a believer in cryptocurrencies.

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