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Finance Banks

  • NEW YORK- Federal Reserve Bank of New York President William Dudley will deliver opening remarks at a press briefing on employment trends and wage inequality in the Second District, including New York City, New York State, Northern New Jersey and Puerto Rico 1400 GMT. FRIDAY, AUGUST 11 ARLINGTON, Texas- Federal Reserve Bank of Dallas President Robert Kaplan...

  • NEW YORK- Federal Reserve Bank of New York President William Dudley will deliver opening remarks at a press briefing on employment trends and wage inequality in the Second District, including New York City, New York State, Northern New Jersey and Puerto Rico 1400 GMT. FRIDAY, AUGUST 11 ARLINGTON, Texas- Federal Reserve Bank of Dallas President Robert Kaplan...

  • Australia's Commonwealth Bank logo is pictured at a branch in Sydney

    Commonwealth Bank of Australia scrapped its chief executive's bonus for damaging the bank's reputation amid allegations it broke money-laundering rules.

  • NEW YORK, Aug 7- A Wells Fargo Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales tactics and overbilling for its services. Wells Fargo Merchant Services, a joint venture between Wells Fargo Bank and payment processor First Data Corp, helps process...

  • President Donald Trump embraced legislation to reduce immigration, Minneapolis Federal Reserve Bank President Neel Kashkari urged residents of South Dakota to embrace newcomers instead. "Just going to math, if a big source of economic growth is population growth, and your population growth slows, either because you restrict immigration or because you have...

  • Wells Fargo vows to disclose all legal matters amid scandals, analyst says

    The bank's stock fell 1 percent Friday after the company revealed in an SEC filing it may find a "significant increase" in unauthorized accounts after a new review of the bank's consumer sales scandal.

  • Leon Cooperman

    The “Fast Money Halftime Report” traders weigh in on the financials sector as the index comes off its best week in six weeks. Leon Cooperman gives his take.

  • Aug 7- The Federal Reserve can leave interest rates where they are for now because inflation is not likely to rise much even if the U.S. job market continues to improve, St. Louis Fed President James Bullard said on Monday. "The current level of the policy rate is likely to remain appropriate over the near term," Bullard said in slides prepared ahead of a speech to the...

  • Pedestrians pass in front of a Wells Fargo & Co. bank branch in New York, U.S.

    Wells Fargo tells Evercore ISI it will "improve its transparency" and disclose all legal developments in its quarterly filings.

  • *Egypt comfortably outperforms region for second straight day. DUBAI, Aug 7- The banking sector helped support stock indexes in Saudi Arabia and Egypt on Monday as investors were influenced by the positive mood in global bourses, while other markets in the region moved little. Sixty banks in the six-nation Gulf Cooperation Council have now reported...

  • LONDON, Aug 7- The British pound slipped to a 10- month low against the euro on Monday, as investors bet the Bank of England would keep interest rates at record lows for the coming months, while the European Central Bank moves towards tightening. Sterling slipped to 90.61 pence per euro on Monday, its weakest since October. The Bank of England's trade-weighted...

  • A trader works on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., March 22, 2017.

    Investors should be prepared for a "nasty" market correction in two months' time as central banks appear set to stick with low interest rates for longer than expected, a former prominent Credit Suisse research head told CNBC on Monday.

  • BUDAPEST/ BUCHAREST, Aug 7- Romanian government bond prices eased on Monday after the country's central bank on Friday followed up an interest rate hike by its Czech peer with hawkish comments. On Thursday, it delivered the first Czech rate hikes in almost a decade, and the European Union's first in over five years. In Poland, only some rate setters have voiced...

  • ZURICH, Aug 7- Deutsche Bank dropped out of the world's top 15 private banks in 2016, a year marked by negative headlines for Germany's biggest lender, rankings by wealth management researcher Scorpio Partnership showed on Monday. Deutsche Bank sold a wealth management business in the United States last year and withdrew from a number of countries.

  • SYDNEY, Aug 7- The Commonwealth Bank of Australia on Monday said a software error was behind most of the roughly 53,700 times it allegedly broke anti-money laundering law, in a case that could see the country's biggest lender fined several billion dollars. Financial intelligence agency AUSTRAC filed a civil case on Thursday accusing the bank of several...

  • John Cryan, chief executive officer of Deutsche Bank AG

    Deutsche Bank is no longer one of the world's top 15 private banks after a difficult year for the German lender, a study by Scorpio Partnership showed Monday.

  • Ben Onatibia, Vanda Research's senior strategist, says investors that put large amount of money into Korea, Japan and taiwan may start to take profits.

  • Guo Shuqing, chairman of the China Banking Regulatory Commission, attends a press conference at the State Council Information Office on March 2, 2017 in Beijing, China.

    China's banking regulator has extended a June deadline for some banks to submit risk assessments over stability concerns, two sources said.

  • BEIJING/ SHANGHAI, Aug 7- China's banking regulator has extended by two months a June deadline for banks to submit risk assessments over concerns it was putting strain on the lenders, two sources with direct knowledge of the matter said. Under the leadership of Chairman Guo Shuqing, the China Banking Regulatory Commission started the year promising a "windstorm"...

  • *CBA accused of 53,700 breaches of anti-money laundering rules. SYDNEY, Aug 7- The Commonwealth Bank of Australia said on Monday a software "coding error" was responsible for the "vast majority" of the anti-money laundering law breaches it was accused of last week. The issue centres on the use of automatic teller machines that accept deposits instantly by both cash...

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