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Finance Banks

  • *Canadian dollar sags on trade worries, lower oil, OPEC eyed. TOKYO, June 22- The dollar pulled back from an 11- month peak against a basket of major currencies on Friday as investors took profits after the currency's earlier rally, while sterling rebounded from a seven-month low after a slightly hawkish tilt from the Bank of England surprised the market.

  • 'I'm a little bit cautious' on US markets: Portfolio manager

    John Carey of Amundi Pioneer says U.S. banks have had "trouble growing their assets" as the competition for loans intensifies.

  • The four arrested Thursday were former general directors or chief accountants of three subsidiaries of giant state energy firm PetroVietnam, the Ministry of Public Security said in a statement. The investigation involves Ocean joint stock commercial bank, which was taken over by State Bank in 2015 at no cost after reporting losses of $445 million.

  • TOKYO, June 22- Japan's core inflation remained subdued in May, yet again highlighting how far off the central bank is in hitting its 2 percent price goal despite over five years of massive stimulus. The stubbornly weak inflation is also another reason why the Bank of Japan is widely expected to take some time before exiting its ultra-easy money policy, even as the...

  • TOKYO, June 22- Japan's core consumer inflation held steady in May from the previous month, yet again highlighting the challenge facing the central bank as over five years of massive stimulus has failed to push prices close to its 2 percent goal. The subdued inflation is also another reason why the Bank of Japan is widely expected to take some time before exiting...

  • FRIDAY, JUNE 22 LONDON- South Africa's minister of finance, Nhlanhla Nene, will hold a journalist briefing during an investment conference in London- 0700 GMT NEW YORK CITY- Former Federal Reserve Board governor Daniel Tarullo speaks at luncheon before the "The Effects of Post-Crisis Banking Reforms" conference hosted by the Federal Reserve Bank of New York, in...

  • SYDNEY- Speech by Tony Richards, RBA head of payments policy, at the Australian Business Economists event on cryptocurrencies. BUENOS AIRES- Central Bank of Argentina releases monetary policy statement. BEIRUT- Lebanese central bank governor Riad Salameh and other government officials and business leaders from the country and the region participate in the...

  • There is some 'hesitation' to buy into the US banking story: Investor

    Nate Thooft of Manulife Asset Management says there is a "high likelihood" of smaller banks in the U.S. being acquired by some of the bigger players in the space.

  • WASHINGTON, June 21- The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to withstand an extreme recession. Although the lenders would suffer $578 billion in total losses in the Federal...

  • Richard Kovacevich

    There's lots of capital in the system now, and banks should be allowed to return what they think is appropriate, says Dick Kovacevich.

  • *Bank has come under pressure from ratings agencies. FRANKFURT, June 21- The credit ratings agency Fitch on Thursday revised its outlook for Deutsche Bank to negative from stable amid concern's about the bank's restructuring and strategy, the latest blow to the German lender's reputation. Germany's largest bank has come under pressure from ratings agencies...

  • Fed stress test results: All 35 banks have sufficient capital

    CNBC's Wilfred Frost reports on the results of the Fed bank stress test results.

  • WASHINGTON, June 21- The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Although the banks, including household names like JPMorgan Chase& Co, Citigroup Inc and Bank of America Corp,...

  • MEXICO CITY— Mexico's central bank has decided to raise its key interbank interest rate to 7.75 percent from 7.5 percent. The bank cited uncertainty around negotiations on the North American Free Trade Agreement and Mexico's upcoming July 1 elections. The Bank of Mexico said inflation decreased slightly in May to an annual rate of 4.51 percent.

  • WASHINGTON— The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. It was the eighth annual check-up for the banks, mandated by Congress after the 2008 financial crisis that triggered the Great Recession. The banks included JPMorgan Chase& Co., Bank of America Corp., Citigroup Inc. and...

  • The tests are part of the Dodd-Frank regulatory reforms put in place after the 2008 financial crisis.

  • WASHINGTON, June 21- The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Although the banks, including household names like JPMorgan Chase& Co, Citigroup Inc and Bank of America Corp,...

  • June 21- Silicon Valley Bank on Thursday named Yvette Butler as the new head of its private bank.

  • NEW YORK, June 21- The dollar fell off an 11- month high on Thursday against a basket of major currencies as the Philadelphia Federal Reserve's gauge of U.S. The euro recovered from its weakest level since July 2017 which was tied to bets on a protracted period of monetary policy divergence between the U.S. and European central banks. That was a convenient excuse...

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