Finance Banks

  • BUENOS AIRES, Oct 16- Argentina's central bank issued a fresh batch of publicly-traded, short-term notes on Tuesday in an bid to chip away at its year-end repayment obligations, which have contributed to concerns over the country's ability to service its international debt obligations in 2019.. The central bank said it sold 105.810 billion pesos worth of...

  • President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public. Trump has said he is not trying to oust Powell, whom he appointed to replace former Chair Janet Yellen. The president also appointed two...

  • Bank of America calls Jacobs' allegations "baseless".

    A Miami-Dade County judge on Tuesday turned down requests by a real estate attorney to punish Bank of America over claims of withholding and destroying records.

  • CARACAS, Oct 16- Venezuela is seeking to open bank accounts in Asia and Europe to carry out hard currency transactions, Economy Vice President Tareck El Aissami said on Tuesday, as the OPEC nation seeks to overcome U.S. sanctions that have hurt its foreign commerce. Hyperinflation-stricken Venezuela is in its fifth year of recession, prompting a surge in...

  • *Q3 EPS $6.28 vs forecast $5.38. Oct 16- Goldman Sachs will slow loan growth in one of its key new business areas if it sees a marked deterioration in credit quality, potentially jeopardising new Chief Executive David Solomon's task to boost revenue by $5 billion by 2020.. Goldman Chief Financial Officer Marty Chavez said the bank would slow Marcus's expansion if...

  • Morgan Stanley building in New York

    Bank executives point to a good environment, in which consumers are spending and companies are investing. Yet, the market seems to be focused on one thing: rising interest rates.

  • CARACAS, Oct 16- Venezuela is seeking to open bank accounts in Asia and Europe to carry out hard currency transactions, Economy Vice President Tareck El Aissami said on Tuesday, amid U.S. financial sanctions that have made foreign commerce complicated for the OPEC member.

  • NORDEA SAYS DUE TO BANKING SECRECY REQUIREMENTS CANNOT COMMENT ON INDIVIDUAL CUSTOMERS.

  • LONDON, Oct 16- The bosses of some of Europe's biggest banks and finance firms have pulled out of a high-profile investment conference in Saudi Arabia, joining a growing list of business chiefs to abandon the event amid widespread concern about the fate of a journalist. The withdrawals follow earlier exits by top U.S. financial executives including JPMorgan...

  • The San Francisco- based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would continue to service UK and non-EU clients from London. The company gave no indication whether the move would lead to job cuts in London or how many it would employ in Paris.

  • David Solomon, co-president and co-chief operating officer of Goldman Sachs Group Inc., gives a thumbs-up during a discussion at the Goldman Sachs 10,000 Small Businesses Summit in Washington, D.C.,

    The investment bank, now led by David Solomon, has undertaken a review of its four main divisions to boost returns, incoming Chief Financial Officer Stephen Scherr says. 

  • BRUSSELS, Oct 16- The European Central Bank has reached a preliminary decision to revoke the licence of Malta's Pilatus Bank after its chairman was charged with money laundering, two ECB officials told Reuters, though legal hurdles remain. Neither source clarified what legal issues the ECB is facing to withdraw Pilatus Bank's licence, a move that many...

  • BRUSSELS, Oct 16- The European Central Bank has reached a preliminary decision to revoke the license of Malta's Pilatus Bank after its chairman was charged with money laundering, two ECB officials told Reuters, though legal hurdles remain. Neither source clarified what legal issues the ECB is facing to withdraw Pilatus Bank's license, a move that many...

  • This is Goldman's last quarterly results under Lloyd Blankfein, who led the company as chief executive for 12 years before handing over the reins to David Solomon in October. The bank said fixed income, currency and commodity trading revenue fell 10 percent to $1.31 billion. Net earnings attributable to common shareholders rose to $2.45 billion, or $6.28 per...

  • Goldman Sachs

    Investment banking beat expectations, fueled by initial public offerings in its equities capital markets business.

  • James Gorman, chief executive of Morgan Stanley.

    Morgan Stanley tops expectations on the top and bottom lines on strong investment banking results that saw revenues in the division climb 15 percent over the past year.

  • DUBAI, Oct 16- Saudi Arabia's stock market fell early on Tuesday amid concern that international outrage over the disappearance of dissident journalist Jamal Khashoggi will hurt foreign investment. Saudi Arabia's biggest bank, National Commercial Bank, plunged 4.7 percent. Secretary of State Mike Pompeo arrived in Riyadh on Tuesday to discuss the affair.

  • Financials in the US have 'not been the star of the show': Researcher

    Stephen Biggar of Argus Research says loan growth has "slowed a little bit" for the banks on the back of a higher interest rate environment.

  • NEW YORK, Oct 16- OnDeck Capital Inc has set up a subsidiary that will provide technology and other services to banks looking to lend to small businesses online, it said on Tuesday. "We felt that given the robust demand we are seeing by the largest banks, it is not a question of if they are moving into online lending, but of when," Noah Breslow, chief executive of OnDeck, said...

  • Moody's sees higher foreign loan risks for Japan's mega-banks

    Tetsuya Yamamoto of Moody's Investors Service details some of the risks being faced in Japan's banking sector.

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