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Finance Banks

  • MELBOURNE, May 26- National Australia Bank on Saturday suffered what it described as a "nationwide outage" to some of its technology systems, leaving customers unable to access banking services or withdraw money. "We're sorry and it's not good enough... but we'll get it fixed as soon as possible," Chief Customer Officer Business and Private Banking Anthony Healy said...

  • **FRANKFURT- Keynote speech by European Central Bank executive board member Yves Mersch on "The Continental Perspective" at Frankfurt Finance Summit 2018 organised by Frankfurt Main Finance e.V. FRANKFURT- ECB board member Sabine Lautenschlager speaks about monetary policy in Frankfurt 1530 GMT. FRANKFURT- The European Central Bank releases monthly data on...

  • DALLAS, May 25- The Federal Reserve plans to continue tightening monetary policy gradually for now, but it faces a much tougher decision as U.S. interest rates near a "neutral" level where they neither boost nor slow the economy, several policymakers indicated on Friday. "I'm not yet there on what we should do once we get to neutral," Dallas Fed President Robert Kaplan...

  • ISTANBUL, May 25- Turkey's lira wobbled in volatile trade on Friday, as investors tried to gauge prospects of another interest rates increase after this week's emergency action by authorities struggling to stabilize the plunging currency. Turkey's currency has fallen about 20 percent this year, hit by investors' concern about the strengthening influence of...

  • DALLAS, May 25- Federal Reserve policymakers are nearly unanimous in their view that interest rates should continue to rise gradually, but the U.S. central bank faces an "agonizing" debate once rates reach a level where they are neither boosting nor braking the economy, Dallas Fed President Robert Kaplan said on Friday. "I'm not yet there on what we should do once we...

  • MILAN, May 25- Shares in Italy's banking sector hit their lowest level in nearly a year on Friday as the prospect of an anti-establishment government pushed the risk premium on Italian bonds to a four-year high. Concerns over a government programme that combines tax cuts and higher spending have pushed investors to demand a premium of more than 2 percentage...

  • Wall Street banks had their best money-making quarter in years but are firing traders anyway

    Investment banks generated $43.9 billion in first-quarter revenue, the highest since 2015, but that didn't stop them from cutting 6,000 traders, salespeople and bankers as an industry contraction continues.

  • ISTANBUL, May 25- Turkey's lira wobbled in volatile trade on Friday, as investors attempted to gauge prospects for another increase in interest rates two days after an emergency hike by monetary authorities struggling to stabilise the currency. The central bank lifted its top interest rate by 3 percentage points to 16.5 percent on Wednesday, in an effort to...

  • STOCKHOLM, May 25- Central banking is becoming increasingly complex and difficult to understand, supporting the case for new ways to communicate, European Central Bank board member Benoit Coeure said on Friday. "Based on common measures of text readability, the introductory statement delivered at our last ECB press conference was only accessible to...

  • STOCKHOLM, May 25- Central banking is becoming increasingly complex and difficult for the public to understand, eroding confidence in banks and supporting the case for new ways to communicate, European Central Bank board member Benoit Coeure said on Friday. Inflation may react slower to unconventional policy so the public could struggle to understand what...

  • ISTANBUL, May 25- Turkey won't look to push back against financial markets, Deputy Prime Minister Mehmet Simsek said on Friday, although he acknowledged investors remained concerned after the central bank was slow to react with a rate increase this week. "Turkey will solve all its issues with a rules-based, market economy and will not stand stubbornly against...

  • Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill February 27, 2018 in Washington, DC.

    Banking regulation has gotten stricter and more transparent in the days since the financial crisis, though more adjustments are likely ahead, Federal Reserve Chairman Jerome Powell said Friday.

  • His remarks Friday came after Kevin Warsh, a former Fed official who President Donald Trump interviewed for the chairman post, said in an interview earlier this month with Politico that Trump did not appear to view the Fed as an independent body. Following Warsh's comments regarding Trump, members of the Senate Banking Committee quizzed two of Trump's...

  • BRUSSELS, May 25- European Union finance ministers reached an agreement on Friday on reforming bank capital rules, a major step towards boosting the bloc's financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund in June. The two measures are seen as interlinked because the banking capital rules are expected to reduce bank...

  • BRUSSELS, May 25- European Union finance ministers reached an agreement on Friday on reforming bank capital rules, a major step towards boosting the bloc's financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund in June. "The Council has agreed a general approach on the banking package," Vladislav Goranov, the finance...

  • BRUSSELS, May 25- European Union finance ministers reached an agreement on Friday on reforming bank capital rules, a major step towards boosting the bloc's financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund in June. "The Council has agreed a general approach on the banking package," said Vladislav Goranov, the Finance...

  • BRUSSELS, May 25- European Union finance ministers reached an agreement on Friday on reforming bank capital rules, a major step towards boosting the bloc's financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund in June. "The Council has agreed a general approach on the banking package," said Vladislav Goranov, the Finance...

  • RUSSIAN WEALTH FUND HEAD SAYS IT WILL BECOME MINORITY SHAREHOLDER IN NEW CENTRAL BANK FUND FOR NON-CORE BANK ASSETS.

  • BRUSSELS, May 25- European Union finance ministers reached on Friday an agreement on reforming bank capital rules, a major step to boost the bloc's financial stability and to agree on a backstop for its bank-rescue fund in June, officials said. The deal came after 18 months of heated debates among the 28 EU governments on how to apply new global bank capital rules...

  • EU FINANCE MINISTERS REACH DEAL ON OVERHAUL OF BANKING CAPITAL RULES, TOP OFFICIAL SAYS.

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