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Finance Banks

  • *Yellen, Harker due to speak in London on Tuesday. LONDON, June 27- Gold rose on Tuesday after hitting a six-week low in the previous session as bargain hunting set in and the dollar slid sharply before speeches by U.S. "If yesterday gold wasn't able to push below the 200- day moving average that's a positive sign," said ABN Amro analyst Georgette Boele.

  • June 27- Wells Fargo& Co said on Tuesday it agreed to sell its commercial insurance business to private insurer USI Insurance Services, as the third-largest U.S. bank plans to focus on core banking products and services. Wells Fargo has doubled its cost-cutting target after expenses soared in the aftermath of the scandal. Wells Fargo plans to reduce expenses by...

  • LONDON, June 27- The Bank of England tightened its controls on bank credit to more normal levels on Tuesday, deciding the risk had passed of a big hit to the economy and to lending after last year's Brexit vote. The BoE's Financial Policy Committee said British banks must now hold 5.7 billion pounds between them as an additonal buffer against bad times, and that it...

  • COPENHAGEN, June 27- Shipping company A.P. Russia's top oil producer Rosneft said on Tuesday its servers had been hit been a large-scale cyber attack, but its oil production was unaffected. Ukraine's central bank also said a number of Ukrainian commercial banks and state and private companies had been hit by cyber attacks via an "unknown virus".

  • COPENHAGEN, June 27- Shipping company A.P. Russia's top oil producer Rosneft said on Tuesday its servers had been hit been a large-scale cyber attack, but its oil production was unaffected. Ukraine's central bank also said a number of Ukrainian commercial banks and state and private companies had been hit by cyber attacks via an "unknown virus".

  • COPENHAGEN, June 27- Shipping company A.P. Russia's top oil producer Rosneft said on Tuesday its servers had been hit been a large-scale cyber attack, but its oil production was unaffected. Ukraine's central bank also said a number of Ukrainian commercial banks and state and private companies had been hit by cyber attacks via an "unknown virus."

  • COPENHAGEN, June 27- Shipping company A.P. Russia's top oil producer Rosneft said on Tuesday its servers had been hit been a large-scale cyber attack, but its oil production was unaffected. Ukraine's central bank also said a number of Ukrainian commercial banks and state and private companies had been hit by cyber attacks via an "unknown virus."

  • TEL AVIV, June 27- Israel's financial system remains strong despite low interest rates but still faces a "significant risk" from exposure to the housing market, the Bank of Israel said on Tuesday. Despite a near-zero interest rate environment, financial firms continued to strengthen in the first half of 2017 due to stronger economic growth boosted by low...

  • Rabobank CEO Wiebe Draijer speaks about the blockchain service his bank provides.

  • Rabobank CEO Wiebe Draijer speaks positively about banks in Europe.

  • Rabobank CEO Wiebe Draijer discusses the European Central Bank's potential loosening of monetary policy.

  • MOSCOW, June 27- Russia's central bank said on Tuesday that there was sufficient foreign-currency liquidity on the Russian money market and in the banking system. It added in a statement to Reuters that it did not see significant market worries over a shortage of forex liquidity at the end of the quarter. Some analysts have recently pointed to possible problems...

  • LONDON, June 27- The Bank of England tightened its controls on lending on Tuesday and said it was likely to make British banks hold an extra 11.4 billion pounds of capital as it decided the risk of a big hit to the economy from the Brexit vote had passed. But Britain's economy has performed more strongly than expected since the vote, despite some more recent signs of a...

  • *Yellen, Harker due to speak in London on Tuesday. LONDON, June 27- Gold rose on Tuesday after hitting a six-week low in the previous session as bargain hunting set in and the dollar fell before speeches by U.S. "If yesterday gold wasn't able to push below the 200- day moving average that's a positive sign," said ABN Amro analyst Georgette Boele.

  • Larry Fink

    Investors have embraced a new three-letter abbreviation — E.S.G., or “environmental, social and governance” — as a yardstick for companies. How meaningful is it?

  • *Fed Chair Yellen to speak in London later on Tuesday. LONDON, June 27- The euro surged to its highest in over a week against the dollar on Tuesday after European Central Bank President Mario Draghi said factors weighing on inflation in the euro zone were mainly temporary and the Bank could look through them. "Draghi's comments I would say were quite optimistic on...

  • SINTRA, Portugal, June 27- The European Central Bank should adjust policy only gradually as the euro zone still needs "considerable" monetary support despite a stronger recovery in growth and inflation, ECB President Mario Draghi said on Tuesday. "As the economy continues to recover, a constant policy stance will become more accommodative, and the central bank...

  • No space for further consolidation in Spain's big banks: Bankia CFO

    Bankia CFO Leopoldo Alvear speaks about his organization's deal to buy BMN, as well as consolidation in the wider Spanish banking sector.

  • Bankia a step in a long term consolidation plan for Spain

    Gemma Acton weighs in on Spain's Bankia and its move to buy BMN, with comments from BBVA CEO Carlos Torres Vila.

  • *Fed Chair Yellen to speak in London later on Tuesday. Fed Chair Janet Yellen addresses the British Academy in London at 1700 GMT, less than two hours after an address by Philadelphia Fed President Patrick Harker in the same city at 1515 GMT. "A notion increasingly shared in the market... is that the Fed is continuing to normalize monetary policy regardless of more...

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