Finance Banks

  • MONDAY, AUGUST 20 KINGSPORT, Tennessee- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a fireside chat of the Johnson City, Kingsport, and Bristol Chamber of Commerce- 1500 GMT. FRANKFURT- Bank of Canada Senior Deputy Governor Carolyn Wilkins participates in panel discussion at Central Bank Research...

  • WASHINGTON, Aug 14- Financial technology companies that lend online are sounding a cautious note on a U.S. banking regulator's plan to offer them special federal charters because of concerns over legal challenges and requirements that are more onerous than expected. The Office of the Comptroller of the Currency said last month it would accept applications...

  • MUMBAI, Aug 14- Cyber criminals hacked the systems of India's Cosmos Bank and siphoned off nearly 944 million rupees through simultaneous withdrawals across 28 countries over the weekend, the bank has told police. Cosmos Bank, based in the western city of Pune, said in a press statement that its main banking software receives debit card payment requests via a "...

  • Dick Bove

    Hilton Capital’s Dick Bove predicts the Fed will raise interest rates less often through 2019 than Wall Street anticipates. Why? Donald Trump.

  • *Big banks plan personalized alerting using customer data. LONDON, Aug 14- Britain's biggest banks are planning to send personalized spending alerts and in some cases money management advice to their mobile banking customers as they strive to shore up brand loyalty in the face of growing competition. Some could take a more informal, friendly tone, said Josh...

  • BEIRUT, Aug 14- Syrian authorities, seeking to attract foreign currency deposits, outlined terms on Tuesday for new certificates of deposit the government this month allowed the central bank to issue. Banks in Syria can now place surplus foreign currency in euros and dollars into certificates of deposit in the central bank, the central bank's Credit and...

  • The euro sign sculpture stands outside the former European Central Bank (ECB) headquarters in Frankfurt, Germany, on Sunday, July 3, 2016.

    The European Central Bank (ECB) was reported Friday to be concerned that the ongoing currency crisis in Turkey could result in problems for the continent's banks.

  • Its drop of as much as 18 percent on Friday hit U.S. and European stocks as investors fretted about banks' exposure to Turkey. Relations between NATO allies Turkey and the United States are at a low point, hurt by a series of issues from diverging interests in Syria, Ankara's plan to buy Russian defence systems and the detention of an American pastor, Andrew Brunson.

  • JERUSALEM, Aug 14- Israel's central bank governor may be appointed only after the next national election, due in 2019, Finance Minister Moshe Kahlon said on Tuesday. An Israeli government official said on Monday that Mario Blejer, a former head of Argentina's central bank, was being considered by Kahlon and Prime Minister Benjamin Netanyahu as a possible...

  • OSLO- Norway Central Bank announces interest rate decision 0800 GMT. MONDAY, AUGUST 20 KINGSPORT, Tennessee- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a fireside chat of the Johnson City, Kingsport, and Bristol Chamber of Commerce- 1500 GMT. FRANKFURT- Bank of Canada Senior Deputy Governor Carolyn Wilkins...

  • TUESDAY, AUGUST 14 JAKARTA- Indonesia Central Bank holds Board of Governors meeting. **SYDNEY- Appearance by Reserve Bank of Australia Governor Philip Lowe before the House of Representatives' Standing Committee on Economics- 2330 GMT. SYDNEY- Panel participation by Sarah Harris, deputy head of Payments Policy Department at Reserve Bank of Australia, at the Risk...

  • The changes will "harmonize" Citigroup's consumer business with operating models of units in Asia and Mexico that have produced better results, Stephen Bird, chief executive of Citigroup's global consumer banking business, said in a memo seen by Reuters. With the new structure, Jud Linville, who had been head of global cards and consumer services and a member of...

  • NEW YORK, Aug 13- Swiss lender Zuercher Kantonalbank has agreed to pay about $98 million to resolve a U.S. investigation into its role in tax evasion by wealthy Americans using undeclared Swiss bank accounts, a U.S. prosecutor said at a court hearing on Monday. District Judge Paul Oetken in Manhattan that her office would not pursue charges against the bank under a...

  • NEW YORK— U.S. stocks are mostly lower Monday as Turkey's central bank was unable to stop a steep plunge in the nation's currency. Stocks are coming off their worst losses in a month as investors worry about financial and economic upheaval in Turkey. On Monday Turkey's central bank announced measures to help that country's banks manage their liquidity, but the...

  • A phone's touchscreen sensors can track where and how you swipe your device to help determine who you are, and a growing number of banks and merchants are starting to keep track of that data, The New York Times reports. 

  • NEW YORK, Aug 13- Citigroup Inc said on Monday that Jud Linville, the head of global cards and consumer services, is leaving the company as part of a reorganization of executives in its global consumer banking businesses. Anand Selva, the current head of consumer banking in Asia, will become head of U.S. consumer banking, including branded cards, digital banking and...

  • MILAN, Aug 13- Turkey's economic crisis poses a threat to European banks with business in the country. Spain's BBVA, Italy's UniCredit, France's BNP Paribas, Dutch bank ING and Britain's HSBC are the most exposed to Turkey and vulnerable to its free-falling currency. But Turkey's trouble are feeding risk aversion among investors, who worry about financial...

  • ISTANBUL/ ANKARA, Aug 13- Turkey's lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity, but it remained under selling pressure and its meltdown caused further unease on global markets. On Friday the slide turned into a crash: the lira dropped as much as 18 percent, hitting U.S. and European stocks as...

  • NEW YORK, Aug 13- Citigroup Inc said Jud Linville, head of global cards and consumer services, is leaving the bank as part of a reorganization of executives in its global consumer banking businesses. David Chubak, currently global retail banking head, will also oversee global branded cards and consumer lending, the bank said. Anand Selva, current head of consumer...

  • UBS is looking at applying recommendation algorithms to suggest trades to its asset management and hedge fund clients, similar to choosing a TV show on Netflix, The Financial Times reports. 

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