Finance Banks

More

  • Goldman Sachs CEO: Should be relatively good year for IPOs

    CNBC's Leslie Picker sits down with Goldman Sachs CEO David Solomon to talk about the markets, taxes, and the U.S. economy.

  • Republican and Democratic senators on Wednesday will introduce a bill seeking to punish Russia for meddling in U.S. elections and for its aggression in Ukraine by imposing sanctions on its banking, energy sector and foreign debt. Among other things, it would impose sanctions on Russian banks that support efforts to interfere in foreign elections, sanction...

  • *Mnuchin says trade talks in China are "so far, so good". Spot gold was up 0.2 percent at $1,313.31 per ounce as of 11:19 am EST, while U.S. gold futures also gained 0.2 percent to $1,316. "It appears that the Fed is really going to be much more dovish going forward on their expectations on interest rates," said Phil Streible, senior commodities strategist at RJO Futures in...

  • *Bostic says Fed can take its time to get to neutral. DUBLIN, Feb 13- The Federal Reserve should not move too fast and inadvertently weaken the U.S. economy at a time when companies are less certain about their prospects, Atlanta Fed President Raphael Bostic said on Wednesday. "For me, I think it's important that we don't go too fast and act in a non-prudent way that lines...

  • Pedestrians pass by a Santander Bank branch in New York.

    Santander's decision to not repay investors on a special type of bond this week may have surprised investors, but analysts have told CNBC that any fears of financial stress in the market are unfounded.

  • 1 in 4 Americans do not have access to basic banking services. Here's what activists are doing to fix it

    Low-income and poverty-stricken Americans tend to be disproportionately affected by a lack of access to banks. These individuals are frequently called the "unbanked" and the phenomenon is more widespread than one might think. Estimates suggest that 1 in 4 Americans is either unbanked or underbanked, meaning they don’t have access to basic banking services, which perpetuates the vicious cycle of poverty. Fed Chair Jerome Powell traveled to Mississippi to meet with community leaders on the issue. CNBC's Steve Liesman reports.

  • *U.S.- China trade deal hopes boost riskier currencies. LONDON, Feb 13- The New Zealand dollar and Sweden's crown rose after their central banks broke with the growing caution of the world's major monetary-policy makers, surprising traders who had expected more dovish signals. The kiwi was the stand-out performer after the neutral tone of the Reserve Bank of...

  • DUBLIN, Feb 13- A sudden, no-deal Brexit next month would have a very severe and immediately disruptive effects on almost all areas of Ireland's economy, the head of the country's central bank said on Wednesday. The central bank forecast last month that if Britain left the European Union without a deal, it could knock as much as 4 percentage points off the economy's...

  • Dutch bank ABN Amro on Wednesday missed analysts' expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased.

  • Shadow banking was 'de facto financial reform' for China:

    Andrew Collier of Orient Capital Research says shadow banking in China gave "free-market reforms" through new banks and non-banks. He adds that following the crack down, the Chinese government has been unable to effectively allocate credit to the private market.

  • *Reserve Bank of NZ holds rates at 1.75 pct. WELLINGTON, Feb 13- New Zealand's central bank on Wednesday held the official cash rate at a record low of 1.75 percent and emphasised that policy will remain accommodative for a considerable period as risks to economic growth increased. "The direction of our next OCR move could be up or down," Reserve Bank of New Zealand...

  • PHILADELPHIA, Pa.- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the Jewish Business Network Power Lunch- 1700 GMT. DUBLIN- Federal Reserve Bank of Atlanta President Raphael Bostic participates in moderated discussion on the economic outlook and monetary policy before the European Financial Forum-...

  • FRANKFURT, Feb 12- The survival of Euribor interest rates, which have been marred by a manipulation scandal, will rely on the "judgment" of some of the very banks that rigged them only a few years ago, under a new methodology proposed on Tuesday. It is being overhauled after traders at seven financial institutions, including Britain's Barclays and Germany's...

  • FRANKFURT, Feb 12- The survival of Euribor interest rates, which have been marred by a manipulation scandal, will rely on the "judgement" of some of the very banks that rigged them only a few years ago, under a new methodology proposed on Tuesday. It is being overhauled after traders at seven financial institutions, including Britain's Barclays and Germany's...

  • *Hungary's core inflation reaches mid-point of target. BUDAPEST, Feb 12- The forint firmed on Tuesday as a rise in Hungary's core inflation in January revived expectations that the central bank could start tightening monetary policy soon. Gyorgy Matolcsy will be reappointed for another six years to lead the NBH, Prime Minister Viktor Orban's press chief...

  • NEW YORK, Feb 12- Wells Fargo& Co expects its net interest income, a key measure of bank profitability, to be up or down 2 percent for the year in 2019, depending on deposit pricing and loan growth. Chief Financial Officer John Shrewsberry, speaking at an investor conference in Florida, said that loan growth could be driven by retail branches bankers, who are...

  • David Solomon, Goldman Sachs

    A decade after playing a central role in the 2008 financial crisis, banks are still a popular topic of criticism from elected officials.

  • *Egypt's blue-chip index at highest in 5 months. *Abu Dhabi Aviation slides on lower FY earnings. Feb 12- Saudi Arabia's stock market rose on Tuesday as major banks rose on recovering oil prices, while Egypt's blue-chip index hit a five-month high, helped by its top lender Commercial International Bank.

  • FRANKFURT, Feb 12- The European Central Bank should take its time in raising interest rates, Dutch central bank chief Klaas Knot told the Financial Times, an apparent shift in tone for one of the most outspoken hawks on the rate-setting Governing Council. With euro zone growth slowing sharply, some policymakers have warned that the ECB should slow down in...

  • MOSCOW, Feb 12- Russia's central bank said on Tuesday that foreign investors' holdings of government OFZ bonds had grown in January at their highest pace since early 2018 after non-residents scaled down their share of OFZs last year. The central bank also said there had been no negative impact on the rouble or forex liquidity from the purchases of foreign...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and services.
    By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.