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Finance Banks

  • WASHINGTON, Aug 16- Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the central bank's last policy meeting. The readout of the July 25-26 meeting, at which policymakers voted unanimously to keep...

  • STOCKS FURTHER PARE GAINS AFTER MINUTES FROM MOST RECENT FEDERAL RESERVE MEETING.

  • WASHINGTON, Aug 16- Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the central bank's last policy meeting. The readout of the July 25-26 meeting, at which policymakers voted unanimously to keep...

  • WASHINGTON— Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons. The policy debate was revealed in minutes released Wednesday of the Fed's July 25-26 meeting. The latest reading of traders' expectations shows less than a 50-50 chance of a December hike, according to the CME Group.

  • *Fed's minutes on July policy meeting expected at 1400 ET. Aug 16- The S&P and the Dow rose higher in late morning trading on Wednesday on gains from consumer discretionary stocks, with investors awaiting the minutes on the latest Federal Reserve meeting. "The market is breathing a sigh of relief with the nuclear tensions having eased considerably and following a...

  • NEW YORK, Aug 16- U.S. Traders and investors are awaiting signs from the policy-makers on whether the U.S. central bank would announce its plan to begin reducing its $4.2 trillion worth of Treasuries and mortgage-backed securities on its balance sheet at its Sept. 19-20 meeting, analysts said. "The market wants a confirmation about its balance sheet plan and...

  • NEW YORK, Aug 16- Allan Landon prepared for his job at the Federal Reserve for two-and-a-half years during the Obama administration before his nomination sank into the partisan quicksand of Washington D.C., a swamp which has only deepened under President Donald Trump, leaving more vacancies than ever at the top of the U.S. federal government.

  • COPENHAGEN, Aug 16- Maersk Line, the world's biggest container shipper, is venturing into trade finance, as it seeks to fill a lending gap left by indebted banks pulling out of the crisis-hit shipping industry. There is definitely an unmet market demand out there, " Vipul Sardana, global director of trade finance at Maersk, said in an interview. The World Trade...

  • TORONTO, Aug 16- Canadian Imperial Bank of Commerce said on Wednesday it plans to launch a new online banking brand to replace the PC Financial consumer banking business it operates in partnership with retailer Loblaw Companies Ltd.. CIBC, Canada's fifth-biggest lender, said the 2 million customers it currently serves through PC Financial will have their...

  • FRANKFURT, Aug 16- British-based banks seeking to relocate to the European Union before Britain leaves the bloc are behind schedule in their preparations for the move, a European Central Bank supervisor said on Wednesday. International banks based in London risk losing access to the EU's single market once Britain leaves it in 2019, forcing many to consider...

  • Britain's unemployment labor market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975.

  • LONDON, Aug 16- The euro fell by as much as half a cent on Wednesday, briefly dipping below $1.17, after sources signalled European Central Bank chief Mario Draghi would not use his Jackson Hole appearance to signal policy change by the bank. Trading at $1.1752 at 0754 GMT, the single currency fell as much as half a cent to a low of $1.1691 from $1.1750 in the 15 minutes...

  • Leading Federal Reserve policymaker Stanley Fischer has hit out at plans to unwind banking regulation, brandishing it a “terrible mistake.”

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialogue with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. EDINA, Minnesota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer...

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialog with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. EDINA, Minnesota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session...

  • Elizabeth Duke, governor of the U.S. Federal Reserve.

    Wells Fargo announced a series of board changes Tuesday in a restructuring effort following the bank's consumer sales scandal.

  • Warren Buffett

    Warren Buffett's Berkshire Hathaway bought a 17.5 million share stake in Synchrony Financial, according to a regulatory filing on Monday.

  • A man uses a Wells Fargo automated teller machine inside a bank branch in New York.

    If Wells Fargo hoped that the bogus accounts issue was its only problem, it was mistaken, N.Y. Times reports.

  • 2016A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt, Germany.

    Deutsche Bank is replacing its U.S. chief, Bill Woodley, with Thomas Patrick.

  • Aug 15- Deutsche Bank AG is replacing its U.S. chief Bill Woodley with the global head of its stock trading business Thomas Patrick, the German lender said on Tuesday. As head of U.S. operations, Patrick will report to Chief Executive Officer John Cryan and will also keep his role as equities head. Prior to that, he was the global chief operating officer for regional...

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