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Finance Banks

  • July 21- Weak refinancing, thanks to higher interest rates, took a bite out off regional banks' earnings in the second quarter and loan growth remained sluggish, mirroring trends seen at larger banks. Mortgage banking income fell by double digits on a percentage basis at most regional banks that have reported results so far. But mortgage rates are starting to inch...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/cb-polls? BOGOTA, July 21- Colombia's central bank board is likely to cut the key lending rate by 25 basis points to 5.50 percent at its meeting on Thursday, in an effort to shore up faltering economic growth amid a decrease in inflation, analysts said in a Reuters survey on Friday. "We think the bank should cut 50...

  • Customers wait in line for an ATM outside of a Wells Fargo bank branch in Los Angeles.

    Banks fees have been pushed up in recent years and there doesn't appear to be any limit to how high they can go.

  • Berenberg downgrades Wells Fargo shares

    Berenberg lowers its rating for Wells Fargo to sell from hold.

  • LONDON/ DUBLIN, July 21- Bank of America on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations as Britain prepares to leave the bloc. Frankfurt and Dublin are emerging as early winners for banks' post-Brexit operations. Wall Street's Citigroup Inc. and Morgan Stanley have both picked Frankfurt as bases for...

  • An activist protests outside a Wells Fargo branch in New York in this 2016 file photo.

    Berenberg says Wells Fargo will report earnings next year below Wall Street expectations due to "weak demand for credit."

  • *Test of $1.20 may be on the cards. LONDON, July 21- The euro held near a two-year high against the dollar on Friday as investors took the latest European Central Bank meeting as a sign that policymakers weren't greatly concerned about recent currency strength. European Central Bank President Mario Draghi said on Thursday that financing conditions remained...

  • TOKYO, July 21- Japan's financial regulator has told the country's smaller banks they must find new ways to make profits if they are to survive, warning many face risks when interest rates eventually rise and that some are already in a precarious state. Some lenders are only managing to stay in the black through bond-trading gains, Financial Services Agency...

  • LONDON, July 21- Lloyds Banking Group said it on Friday it was close to making compensation offers to 30 of the 67 customers impacted by one of Britain's biggest banking frauds after criticism about the pace of redress. Britain's biggest mortgage lender missed a self-imposed deadline of the end of June for making offers to most victims of the fraud and has said it...

  • Is China threatening Asia's financial center?

    CNBC's Uptin Saiidi explains how Hong Kong's significance is coming under pressure as China pushes to become more open to the world.

  • A Reuters analysis of India's power output data shows over 50 coal- and gas-fired power plants in India are largely mothballed, or operating at a bare minimum. After steel, power firms make up the second-biggest portion of India's $150 billion mountain of bad debts. Last month, the central bank ordered commercial banks- the main financiers of infrastructure...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. WEDNESDAY, JULY 26 TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. WEDNESDAY, JULY 26 TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • Cramer Remix: Amazon is king, whether you like it or not

    Jim Cramer explains why it is so difficult to compete with the e-commerce giant.

  • Jim Cramer on "Mad Money"

    Jim Cramer explains why it is so difficult to compete with the e-commerce giant.

  • MEXICO CITY, July 20- Mexico's Grupo Financiero Banorte, one of the country's largest banks by assets, on Thursday reported a 23 percent rise in second-quarter net profit, propelled by growth across its divisions. Despite the turbulent relations between the United States and Mexico following the election of U.S. "The worst has passed and nothing happened," he said...

  • KeyCorp CEO Beth Mooney says economic stimulus will have 'a coiled-spring effect' on banks' capital

    Jim Cramer spoke with KeyCorp Chairman and CEO Beth Mooney for more on the company's latest earnings report and its prospects.

  • Beth Mooney, Chairman and CEO of KeyCorp

    Jim Cramer spoke with KeyCorp Chairman and CEO Beth Mooney for more on the company's latest earnings report and its prospects.

  • Pedestrians walk past a Capital One ATM outside of a bank branch in New York.

    The bank reported earnings of $1.94 a share and a 7% increase in revenue for the quarter.

  • KIEV, July 20- Ukraine's central bank said on Thursday it had withdrawn the right to formally audit the country's banks from the Ukrainian unit of the international accounting firm PwC. PwC Ukraine had audited the largest Ukrainian bank, PrivatBank, which Ukraine took over in December after risky lending practices left it with a capital shortfall of more than...

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