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  • HONG KONG, Jan 16- China's yuan softened on Wednesday in response to a stronger dollar overnight, giving back some of its gains made in the precious session after policymakers pledged more support for the cooling Chinese economy. With tax payments peaking, "the banking system's overall liquidity is falling rapidly," The People's Bank of China said in a statement...

  • *Move comes as China signals more stimulus ahead. SHANGHAI, Jan 16- China's central bank on Wednesday made its biggest daily net cash injection via reverse repo operations on record, more evidence that authorities are shifting to policy easing to counter a slowdown in the world's second largest economy. In open market operations, the People's Bank of China...

  • **VIENNA- Hungarian central bank Deputy Governor Marton Nagy, Czech National Bank board member Vojtech Benda and Polish central bank Vice President Anna Trzecinska to participate in a panel discussion about monetary policy at a Euromoney conference on central and eastern Europe.- 0900 GMT. **VIENNA- European Central Bank Governing Council member Ewald Nowotny...

  • Wells Fargo has struggled to regain its footing since sales abuses came to light in that business more than two years ago, when the bank said employees had opened millions of fake accounts in customers' names without their permission. Wells Fargo is also experiencing cyclical pressure in mortgage lending, which was once its main money-maker, and has...

  • It was the first time JPMorgan Chase, the largest U.S. bank by assets, has underperformed earnings-per-share expectations in 16 quarters, according to Barclays equity analyst Jason Goldberg. Well Fargo& Co, which relies less on trading, said on Tuesday that fourth-quarter revenue missed expectations as revenue across all its banking units declined,...

  • People walk by a Wells Fargo bank branch on October 13, 2017 in New York City.

    CNBC's "Closing Bell" team is joined by John Shrewsberry, Wells Fargo CFO, to break down the bank's mixed Q4 earnings and his outlook for the economy.

  • PLANO, Texas/ SAN FRANCISCO, Jan 15- Multiplying risks to the U.S. recovery, including now a self-imposed government shutdown, have broadened calls among even hawkish Federal Reserve officials to be patient before raising interest rates again. In separate appearances on Tuesday, policymakers from across the spectrum of views agreed the central bank should...

  • PLANO, Texas, Jan 15- Multiplying risks to the U.S. recovery, including now a self-imposed government shutdown, have broadened calls among even hawkish Federal Reserve officials to be patient before raising interest rates again. In separate appearances on Tuesday, policymakers from across the spectrum of views agreed the central bank should pause further...

  • Wells Fargo's CFO breaks down Q4 earnings

    CNBC's "Closing Bell" team is joined by John Shrewsberry, Wells Fargo CFO, to break down the bank's mixed Q4 earnings. Wells Fargo will operate under Federal Reserve growth cap until the end of the year.

  • MADRID, Jan 15- Banco Santander said on Tuesday that Italian banker Andrea Orcel would not take over as chief executive after it could not meet his pay expectations, in a rare and unusual move for a top bank. Jose Antonio Alvarez will now stay on as CEO instead of Orcel, who previously worked for Swiss bank UBS and was appointed to the role at Spain's largest bank in...

  • In voting to hold steady the rate commercial banks are charged for emergency loans at 2.75 percent, the directors of the New York, Philadelphia, St. Louis, Minneapolis, Kansas City and Dallas Fed banks said "that downside risks to the economic outlook had increased somewhat, primarily reflecting increased uncertainty about trade policy and international...

  • The bank stocks trading pattern has come unstuck from reality, says Oppenheimer's Kotowski

    Chris Kotowski, Oppenheimer senior research analyst, WSJ’s Emily Glazer and CNBC's Melissa Lee join 'The Exchange' to discuss the quarterly earnings for J.P. Morgan, Wells Fargo and their predictions for bank stocks releasing reports later this week.

  • Wells Fargo has struggled to regain its footing since sales abuses came to light in that business more than two years ago, when the bank said employees had opened millions of fake accounts in customers' names without their permission. Wells Fargo is also experiencing cyclical pressure in mortgage lending, which was once its main money-maker, and has...

  • Everyone knew that December would be weak for JP Morgan, says Jim Cramer

    CNBC's 'Fast Money Halftime Report' team discuss J.P. Morgan's quarterly earnings and their expectations for Goldman Sach's quarterly earnings.

  • MILAN, Jan 15- Many Italian banks are struggling to borrow on the private markets and want European Central Bank help as they seek more than 55 billion euros in funding this year. Even after removing the threat of major collapses by bailing out some of its lenders, Italy's financial system is ill-equipped to support an economy at risk of slipping back into...

  • It was the first time JPMorgan Chase, the largest U.S. bank by assets, has underperformed earnings-per-share expectations in 16 quarters, according to Barclays equity analyst Jason Goldberg. Well Fargo& Co, which relies less on trading, said on Tuesday that fourth-quarter revenue missed expectations as revenue across all its banking units declined,...

  • Chairman and CEO of PepsiCo Indra Nooyi speaks at The New York Times DealBook Conference

    Indra Nooyi, the former PepsiCo CEO, is reportedly being considered to become the next head of the World Bank.

  • WASHINGTON, Jan 15- U.S. producer prices dropped by the most in more than two years in December as the cost of energy products and trade services fell, adding to signs of tame inflation that may allow the Federal Reserve to be patient about raising interest rates this year. "We expect the Fed to sit tight until June, and odds are rising that it could be an even longer...

  • Q4 is seasonally weaker for Wells Fargo, says analyst

    David Long, a bank analyst at Raymond James, speaks to CNBC's "Squawk on the Street" team after mixed earnings from Wells Fargo.

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