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Finance Banks

  • OTTAWA, Oct 23- After back-to-back interest rates hikes, the Bank of Canada can stay on the sidelines for longer than first anticipated, with tighter mortgage rules slowing the housing market and uncertainty about NAFTA clouding the outlook. Moreover, the Bank of Canada needs to assess how hikes in July and September play out, particularly since new mortgage...

  • JPMorgan Chase launched a new smartphone app that it hopes will attract new depositors, many of whom may live far from any of its branch offices.

  • President Donald Trump said he would make his choice to lead the Federal Reserve soon and was still weighing at least three people: Federal Reserve Governor Jerome Powell, Stanford University economist John Taylor and current Federal Reserve Chair Janet Yellen.

  • Prolonged ultra-loose monetary policy has squeezed margins of financial institutions in many advanced economies including Japan, where its central bank caps borrowing costs at zero percent through aggressive money printing to reflate growth. But global comparisions show profitability is particularly low in Japan, "the central bank said in a...

  • LONDON, Oct 23- European shares were flat on Monday with banks weighing and Madrid's bourse lagging its peers as Catalonia's political crisis deepened. Financial shares fell across Europe, with the banking sector down 0.4 percent and heavyweights Deutsche Bank and Standard Chartered losing 1.2 percent each. The subdued mood in Europe was in sharp contrast to...

  • How an Islamic bank is moving into the digital world

    Philip King, head of retail at ADIB, tells CNBC that his organization is focused on strategic partnering.

  • SYDNEY, Oct 23- Australia and New Zealand Banking Group Ltd has reached a last-minute agreement to settle a case brought by the country's securities regulator accusing it of manipulating the bank bill swap rate. Australia's third-largest lender, which had previously said it would defend itself against the allegations, did not give a reason for its decision to...

  • Fintech firm WeLab has got its eye on Indonesia

    Simon Loong, founder and CEO of WeLab, talks about how the fintech company's use of automation and analytics, and potential expansion plans.

  • NEW YORK, Oct 23- In its first offering of online bank accounts, JPMorgan Chase& Co on Monday launched a new smartphone app that it hopes will attract new depositors, many of whom are young and may live far from any of its branch offices. The bank is starting with an initial test of the app account for Apple phone users with ZIP codes in St. Louis, where Chase has no branches,...

  • SYDNEY, Oct 23- Australia and New Zealand Banking Group Ltd has reached a last-minute agreement to settle a case brought by the country's securities regulator accusing it of manipulating the bank bill swap rate. Australia's third-largest lender, which had previously said it would defend itself against the allegations, did not give a reason for its decision to...

  • Oct 23- Saudi Arabia's central bank has joined an international standard-setting body for Islamic finance, a move that could help standardise industry practices and ease cross-border transactions in the Kingdom. The Bahrain- based Accounting and Auditing Organization for Islamic Financial Institutions said in a statement late on Sunday it had admitted...

  • Oct 23- Australia and New Zealand Banking Group Ltd said it had reached a deal with the Australian Securities and Investments Commission to settle court proceedings relating to possible manipulation of the bank bill swap rate. Australia's No.3 lender declined to say how much it would have to pay under the terms of the "confidential in-principle agreement"...

  • BUDAPEST- Hungarian Central Bank rate-setting meeting. WINDHOEK, Namibia- Central Bank of Namibia monetary policy meeting. CHISINAU- National Bank of Moldova interest rate decision.

  • **FRANKFURT- Welcome address by ECB Chief Economist Peter Praet at the ECB conference on Credit, Banking and Monetary Policy in Frankfurt, Germany 0700 GMT. **LONDON- Participation by ECB Bank Supervisory Chief Daniele Nouy in "Everything is connected the international dimension of banking regulation and supervision" at the Centre for European Law organized by...

  • Oct 23- Australia and New Zealand Banking Group Ltd said it has reached a deal with the Australian Securities and Investments Commission to settle court proceedings relating to possible manipulation of the bank bill swap rate. ANZ, Australian's No.3 lender, declined to say how much it would have to pay under the terms of the settlement, stating that it had...

  • ANKARA, Oct 21- Turkey's banking regulator urged the public on Saturday to ignore rumours about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of U.S. fines over alleged violations of Iran sanctions. U.S. authorities have hit global banks with billions of dollars in fines over violations of...

  • ANKARA, Oct 21- Turkey's banking regulator urged the public on Saturday to ignore rumours about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of U.S. fines over alleged violations of Iran sanctions. Two senior Turkish economy officials told Reuters that Turkey has not received any notice from the...

  • ANKARA/ ISTANBUL, Oct 21- Six Turkish banks face billions of dollars of fines from U.S. authorities over alleged violations of sanctions with Iran, the Haberturk newspaper reported on Saturday, citing senior banking sources. Two senior Turkish economy officials told Reuters that Turkey has not received any notice from the United States about such penalties,...

  • WASHINGTON, Oct 20- President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank's top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change. Under that scenario, either Powell or Taylor would take the reins from Fed Chair...

  • **FRANKFURT- Welcome address by ECB Chief Economist Peter Praet at the ECB conference on Credit, Banking and Monetary Policy in Frankfurt, Germany 0700 GMT. **LONDON- Participation by ECB Bank Supervisory Chief Daniele Nouy in "Everything is connected the international dimension of banking regulation and supervision" at the Centre for European Law organized by...

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