Finance Banks

  • TOKYO, Sept 26- Asian shares barely budged on Wednesday, lacking traction as U.S. bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs. MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade, in part as South Korea is closed for...

  • *Praet says Draghi comments nothing new; euro gains. NEW YORK, Sept 25- The dollar was slightly weaker on Tuesday ahead of a Federal Reserve meeting that is widely expected to end with an interest rate hike, as investors already have priced in two more rate increases this year and some in 2019, leaving little room for further currency gains. "As a rate increase is...

  • MADRID, Sept 25- Banco Santander has appointed Andrea Orcel as its new chief executive officer to replace Jose Antonio Alvarez, Spain's biggest bank said on Tuesday. "He brings a deep understanding of retail and commercial banking, as well as a strong track record in managing diverse teams across Europe and the Americas in a collaborative way," Botin added.

  • WASHINGTON— The Federal Reserve is all but certain Wednesday to raise its key short-term interest rate for the third time this year and to signal that another hike is likely before the year ends. Most economists foresee a slowdown in the nearly 10- year-old U.S. economic expansion as President Donald Trump's trade war takes a toll and the benefits of tax cuts...

  • *Bond yields rising on expectation of more policy tightening. NEW YORK, Sept 25- World shares climbed on Tuesday as oil prices above $80 a barrel lifted U.S. energy stocks and as some central banks were expected to raise interest rates, spurring investors to look beyond the latest round of U.S.- China tariffs. On Wall Street, energy shares rose along with banks, which...

  • *Praet says Draghi comments nothing new. NEW YORK, Sept 25- The dollar was weaker on Tuesday ahead of a Federal Reserve meeting that is widely expected to end with an interest rate hike, as investors already have priced in two more rate increases this year and some in 2019, leaving little room for further currency gains. "The U.S. dollar appears vulnerable heading...

  • Tom Blomfield, CEO, Monzo

    Big banks in Europe may have survived the financial crisis but now there's a new threat: app-only banks. And they're growing at an amazing rate, the New York Times reports. However, there are a few speed bumps.

  • BUENOS AIRES, Argentina— Argentina's central bank chief resigned Tuesday amid negotiations with the International Monetary Fund. But it came as the government was pushing for a new financing deal with the IMF aimed at helping Argentina's struggling economy. "We hope that it will definitely clear up other doubts about our financing capacity and the stability...

  • BUENOS AIRES, Sept 25- The governor of Argentina's central bank, Luis Caputo resigned on Tuesday for personal reasons, the bank said in a statement, a surprise announcement in the midst of the country's talks with the IMF that sent the peso tumbling. Argentina's peso currency slid 4.65 percent to open at 39.15 per U.S. dollar after the announcement, traders said.

  • BUENOS AIRES, Sept 25- The governor of Argentina's central bank, Luis Caputo, presented his resignation to President Mauricio Macri on Tuesday for personal reasons, the bank said in a statement, in the midst of the country's efforts to negotiate a new deal with the IMF. The opening of trade in Argentina's peso currency was delayed due to a lack of dollar offering in...

  • LONDON, Sept 25- The Bank of England can reverse its huge bond-buying stimulus program without sharply pushing up long-term interest rates and hurting the economy, as long it explains the plan properly and moves only gradually, a top BoE policymaker said on Tuesday. "Understanding the main channels through which QE works is going to be very important when it...

  • NEW YORK/ LONDON, Sept 24- Gold was barely changed on Monday after the dollar dropped following remarks by the head of the European Central Bank then later pared losses, although activity was muted ahead of a U.S. central bank meeting this week. U.S. gold futures December delivery settled up $3.10, or 0.3 percent, at $1,204.40 per ounce. Liquidity was thin during Asian...

  • LONDON, Sept 25- The Bank of England can reverse its huge bond-buying stimulus program without sharply pushing up long-term interest rates, as long it communicates the plan properly and moves gradually, a top BoE policymaker said on Tuesday. "Understanding the main channels through which QE works is going to be very important when it comes to unwinding QE,"...

  • PRETORIA, Sept 25- Portfolio investments into the South African economy fell sharply in the second quarter, central bank data showed on Tuesday. Inward investment into South African bonds and equities shrank to 16.6 billion rand from 89.4 billion rand in the first three months of the year, the Reserve Bank said. Appetite for bonds was hardest-hit, with...

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

    German regulators have ordered Deutsche Bank to take internal actions to prevent money laundering, a few weeks after a scandal erupted in Danske Bank.

  • The entrance of the China Securities Regulatory Commission (CSRC).

    Premier Li Keqiang says he expects that in three years, qualified foreign companies can get full businesses licenses and sole ownership of companies in China's financial industry.

  • The euro edged lower, having hit a 3-1/ 2- month high in the previous session after European Central Bank chief Mario Draghi expressed confidence in eurozone inflation and wages growth. Global markets have been sideswiped over the past few months as the intensifying trade row between China and the United States stoked uncertainty about the outlook for global...

  • SYDNEY, Sept 25- Australia's corporate regulator said on Tuesday that a review had found the way in which the country's four largest banks and largest listed wealth manager reported and remediated breaches of the law was "unacceptable." "Many of the delays in breach reporting and compensating consumers were due to the financial institutions inadequate...

  • SYDNEY, Sept 25- Australia's corporate regulator said on Tuesday that it found the way in which the country's four largest banks and largest listed wealth manager reported and remediated legal breaches was "unacceptable." The review of legal compliance included Commonwealth Bank, Westpac Banking Corp, Australia and New Zealand Banking Group, National...

  • Jim Cramer on "Mad Money."

    Jim Cramer makes a case for maintaining a long-term outlook in this market.

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