Finance Banks

  • NEW YORK— Customers of the large regional bank SunTrust are experiencing a third day of outages and difficulties from its online banking services, a particular problem for its customers in North and South Carolina who are currently dealing with Hurricane Florence. The bank says it will refund any ATM or overdraft fees incurred by customers during the outage...

  • BUDAPEST, Sept 18- Hungary's central bank left its interest rates unchanged at record lows on Tuesday but tweaked its policy tools, saying it was preparing for a future "gradual and cautious" normalization of its loose monetary policy. The National Bank of Hungary, which has stuck to its dovish stance even as some other central banks in Central Europe started...

  • BUDAPEST, Sept 18- Hungary's central bank left all its interest rates unchanged at record lows on Tuesday, but with inflation picking up and emerging markets under strain, it is expected to signal policy will tighten. Unlike the Czech central bank, which is already hiking interest rates, the National Bank of Hungary has so far stuck with its dovish bias, as has its...

  • Jeff Bezos

    Expectations have been high since it was reported in March that Amazon is in talks with banks including J.P. Morgan Chase to create a checking-account-like product. Since then, big U.S. lenders have announced or rolled out digital-only accounts.

  • BUDAPEST, Sept 18- Hungarian government bond yields edged slowly higher and the forint firmed marginally on Tuesday as the Hungarian central bank holds a policy meeting which may give some details of future monetary tightening. The forint traded at 324.74 against the euro at 0908 GMT, firmer by less than 0.1 percent, while its main Central European peers-- the...

  • Mario Draghi, President of the European Central Bank (ECB) addresses a press conference following the meeting of the ECB's Governing Council in Frankfurt am Main, western Germany, on January 25, 2018.

    Euro zone banks need to cut their stock of soured debt further to boost lending and improve profitability to make themselves more attractive to suitors, Mario Draghi said Tuesday.  

  • Gary Cohn, Goldman Sachs

    Former Trump economic advisor Gary Cohn: Jamie Dimon would make a 'phenomenal president'

  • Many Americans use cash for small purchases. Overlooking your credit card could cost you.

  • *Govt plans to merge Bank of Baroda, Dena Bank, Vijaya Bank. NEW DELHI, Sept 17- India plans to merge state-run Bank of Baroda, Dena Bank and Vijaya Bank, the financial services secretary said on Monday, as part of efforts to tackle a pile of bad loans plaguing the banking sector and revive credit growth. The government will continue to provide capital support to the...

  • ISTANBUL, Sept 17- Turkey's lira weakened 2 percent and banking shares fell on Monday after President Tayyip Erdogan was quoted as calling for an investigation into members of the opposition who serve on the board of the country's biggest lender. The Hurriyet newspaper on Monday quoted Erdogan as saying authorities should look into members of the main...

  • WASHINGTON, Sept 17- The U.S. Clarida had been confirmed by the Senate late last month. It means that Clarida, formerly a managing director at fund manager Pimco and an economics professor at Columbia University, will vote on monetary policy at the Fed's next meeting on Sept. 25-26.


  • Brad Garlinghouse, chief executive officer Ripple

    Ripple's Sagar Sarbhai says he's "confident" cryptocurrency product xRapid will go into commercial application soon.

  • Deutsche Bank said on Monday that it would move assets from London to Frankfurt after Britain's planned exit from the European Union next year, in line with British and EU regulators.

  • Jamie Dimon, Chairman and CEO of JP Morgan Chase. 

    JPMorgan Chase CEO Jamie Dimon on Sunday said he regretted comments that he could beat in an election.

  • WASHINGTON— The Federal Reserve Bank of San Francisco on Friday announced the appointment of Mary Daly, a longtime Fed economist and a labor market specialist, as the next president of the regional bank. Daly replaces John Williams, who became president of the New York Federal Reserve Bank in April. She earned her bachelor's degree from the University of...

  • WASHINGTON, Sept 14- The Federal Reserve faces a "quite challenging" period in trying to keep the U.S. recovery on track amid a risk that low unemployment could lead to an overheated economy, former Fed chief Janet Yellen said on Friday. But I think it could occur, "she said in remarks to reporters at the Brookings Institution. In a paper presented at the Brookings...

  • WASHINGTON, Sept 14- The appointment of Mary Daly as the second-ever woman to head up the San Francisco Federal Reserve makes plain that some regional central banks continue to make strides in creating a diverse leadership as criticism intensifies about the Fed's hiring policies while others fall behind. Philadelphia, Richmond and Dallas have all appointed...

  • Mary Daly, the incoming president of the Federal Reserve Bank of San Francisco, sits for a photograph at her office in San Francisco, California

    Mary Daly was named the San Francisco Fed's president, succeeding John Williams, who departed in June to lead the New York Fed.

  • LONDON/ NEW YORK/ DUBAI, Sept 14- The owners of Network International are working with investment banks Evercore and Citi on an initial public offering of the largest payment processing firm across the Middle East and Africa, sources familiar with the matter said. The Dubai- based company is jointly owned by Dubai's largest bank Emirates NBD and private equity...

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