Finance Banks

  • *Forint reverses fall as central bank to hold news conference. BUDAPEST, March 26- The forint regained early losses after the Hungarian central bank said it would a hold a news conference following its meeting on Tuesday, boosting speculation it could start to increase interest rates from record lows. But the forint has become Central Europe's best performing...

  • BRUSSELS, March 26- Euro zone banks face no imminent risks from a no-deal Brexit, the head of the European Union agency responsible for dealing with failing lenders said on Tuesday.

  • Jennifer Bailey, vice president of Apple Pay, speaks during an Apple product launch event at the Steve Jobs Theater at Apple Park on March 25, 2019 in Cupertino, California.

    Apple's latest offering of a credit card could become available internationally, the chief executive officer for Goldman Sachs International told CNBC Tuesday.

  • Goldman Sachs International CEO Richard Gnodde discusses the lender's digital retail banking product Marcus and its tie-up with Apple.

  • FRANKFURT, March 26- The shift in the U.S. Federal Reserve's interest rate projection at its March meeting was not dramatic and the significance of the move is sometimes overstated, Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday. "My dot... didn't come down that much because I wasn't up where everybody else was," Harker told a business...

  • *Banks to take just over 50 percent stake in Jet Airways. NEW DELHI/ MUMBAI, March 26- Jet Airways Chairman Naresh Goyal will step down from the board of the Indian carrier he founded 25 years ago and its lenders will seize control, the company said, as part of a deal led by state-run banks to save the airline from bankruptcy. Goyal's departure, however, could reignite...

  • NUR-SULTAN, March 26- Kazakhstan's central bank will aim to keep its policy rate at 3.0 percent to 3.5 percent above inflation, central bank Chairman Yerbolat Dosayev said on Tuesday.

  • Harvey Schwartz in February 2018.

    Contrary to reports, the former president and co-chief operating officer at Goldman has not interviewed for the Wells position.

  • MILAN, March 25- U.S. funds Varde Partners and BlackRock plan to submit rival bids for troubled Italian lender Banca Carige by mid-April, three sources close to the matter said on Monday. The European Central Bank on Jan. 2 placed Italy's 10th largest bank under special administration and asked it to find a buyer to stave off the risk of state intervention.

  • REUTERS POLL- ALL 18 ANALYSTS SEE MEXICO CENTRAL BANK HOLDING KEY INTEREST RATE AT 8.25 PCT ON THURSDAY.

  • MEXICO CITY, March 25- Mexico's central bank is seen holding its benchmark interest steady on Thursday as inflationary pressures subside and after the U.S. The Bank of Mexico is expected to hold the key lending rate at 8.25 percent, the level it has been at since Dec. 20, according to 18 analysts and economists surveyed. Mexico's annual inflation continued to slow...

  • *Banks to take just over 50 percent stake in Jet Airways. NEW DELHI/ MUMBAI, March 25- Jet Airways Chairman Naresh Goyal will step down from the board of the Indian carrier he founded 25 years ago and its lenders will seize control, the company said, as part of a deal led by state-run banks to save the airline from bankruptcy. Goyal's departure, however, could reignite...

  • Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., U.S., on Thursday, Dec. 6, 2018.

    Banks just had their worst week since 2011. It could get even worse for the broader financials sector, says one technician.

  • Strong economic growth and a positive outlook could still keep a rate hike on the table this year and another in 2020, Federal Reserve Bank of Philadelphia President Patrick Harker said in London. He also said the Fed will not be making "any drastic change in the near future" to the kinds of bonds it keeps on its $4 trillion balance sheet. "I continue to be in...

  • HONG KONG, March 25- With downside risks looming and uncertainties rife, the U.S. Federal Reserve is prudent to wait for more economic data before deciding whether its next move will be to raise rates, or cut them, Chicago Fed Bank President Charles Evans said on Monday. Fed Chairman Jerome Powell cited low inflation, a slowing global economy and risks like U.S. trade...

  • HONG KONG, March 25- Chicago Federal Reserve Bank President Charles Evans said on Monday that it's a good time for the U.S. central bank to pause and adopt a cautious stance even though the economy remains in a strong position. Evans was speaking at the Credit Suisse Investment conference in Hong Kong. The comments were among the first by policymakers following...

  • March 23- Italy signed a preliminary accord with China on Saturday that makes it the first country of the Group of Seven industrialized nation to join the Chinese Belt and Road infrastructure project. Italy's state lender Cassa Depositi e Prestiti signed an agreement with Bank of China to let it sell "Panda" bonds- debt sold by foreign entities to investors in...

  • ISTANBUL, March 23- Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday. The Capital Markets Board of Turkey also said it had launched a probe after receiving complaints that a JP Morgan report was "...

  • ISTANBUL, March 23- Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday. The Capital Markets Board of Turkey also said it had launched a probe after receiving complaints that a JP Morgan report was "...

  • ISTANBUL, March 23- Turkey's banking watchdog has launched an investigation into JP Morgan over complaints about a report it published on Friday, state-owned Anadolu news agency said on Saturday. The BDDK watchdog was quoted as saying that it had received complaints that the report hurt the reputation of Turkish banks and caused volatility in financial...

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