Finance Banks

  • March 23- Italy signed a preliminary accord with China on Saturday that makes it the first country of the Group of Seven industrialized nation to join the Chinese Belt and Road infrastructure project. Italy's state lender Cassa Depositi e Prestiti signed an agreement with Bank of China to let it sell "Panda" bonds- debt sold by foreign entities to investors in...

  • ISTANBUL, March 23- Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday. The Capital Markets Board of Turkey also said it had launched a probe after receiving complaints that a JP Morgan report was "...

  • ISTANBUL, March 23- Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday. The Capital Markets Board of Turkey also said it had launched a probe after receiving complaints that a JP Morgan report was "...

  • ISTANBUL, March 23- Turkey's banking watchdog has launched an investigation into JP Morgan over complaints about a report it published on Friday, state-owned Anadolu news agency said on Saturday. The BDDK watchdog was quoted as saying that it had received complaints that the report hurt the reputation of Turkish banks and caused volatility in financial...

  • SAN FRANCISCO, March 22- The Federal Reserve's patient approach to monetary policy does not mean the U.S. central bank will not increase interest rates, or cut them, should the need arise, the president of the Atlanta Federal Reserve Bank, Raphael Bostic, said on Friday. "We may move up; we may move down," Bostic said in remarks prepared for delivery to a monetary policy...

  • WASHINGTON/ CARACAS, March 22- The United States imposed sanctions on Friday on Venezuela's development bank, Bandes, a day after the Trump administration warned there would be consequences for the arrest by Venezuelan authorities of opposition leader Juan Guaido's top aide. Treasury said it was slapping the sanctions on Banco de Desarrollo Economico y...

  • PALM BEACH, Fla., March 22- U.S. President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's board of governors, a move that would put a Trump loyalist inside the world's most important financial institution.

  • PALM BEACH, Fla., March 22- President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's board of governors, a move that would put a Trump loyalist inside the worlds most important financial institution. Moore, who last year...

  • ACAPULCO, Mexico, March 22- Mexico's central bank is working to find a way for ride-hailing firm Uber Technologies Inc to participate in a new mobile payments system, the bank's governor said on Friday, building on overtures to e-commerce company Amazon.com Inc.. In an interview, Banco de Mexico Governor Alejandro Diaz de Leon said the bank was seeking to get more...

  • Four girl friends withdrawing money from credit card at ATM

    Anton Schutz, Mendon Capital Advisers president and CIO, joins 'The Exchange' to discuss how regional banks could see an impact from yield curve fears.

  • ACAPULCO, Mexico, March 22- Mexico's central bank is working to find a way for ride-hailing giant Uber Technologies Inc to participate in a new mobile payments system, the bank's governor said on Friday. In an interview, Banco de Mexico Governor Alejandro Diaz de Leon said the bank was seeking to get more companies on board with the system aimed at promoting...

  • LONDON, March 22- The Federal Reserve's track record suggests policymakers are likely to cut interest rates during the third quarter of 2019, if signs of a slowdown are confirmed, although cuts could come faster if financial conditions deteriorate. The Federal Open Market Committee normally needs several opportunities to review incoming economic data...

  • BRUSSELS, March 22- The council of European Union leaders on Friday appointed Philip Lane, the current governor of the Irish central bank, to the Executive Board of the European Central Bank, where he is due to serve as Chief Economist, the council said in a statement. Lane's eight-year term begins on June 1. The announcement, which was earlier ratified by the...

  • Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange.

    CNBC's Bob Pisani looks ahead at the day's market action.

  • BOGOTA, March 22- Colombia's central bank board is expected to hold the benchmark interest rate steady at 4.25 percent at its meeting on Friday, as inflation hovers just above the bank's long-term goal and moderate economic growth continues. A majority of analysts in a Reuters survey last week said they expect the bank to begin increasing borrowing costs...

  • *Management board paid 55.7 million euros in 2018. FRANKFURT, March 22- Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing's 7 million euro total package making him one of the best paid chief executives in European banking. Deutsche Bank's annual report also revealed that its management board...

  • LONDON, March 22- Core euro zone bond yields struggled to find uplift from the 2-1/ 2 year lows hit on Thursday after the Fed became the second major central bank to adopt a more dovish stance, signalling that central banks are looking to keep monetary conditions easy. European bonds also extended a strong rally which began after the European Central Bank...

  • A general meeting of Deutsche Bank 

    The management board received total pay, including bonuses, of 55.7 million euros ($63.39 million) in 2018, up from 29.8 million euros a year earlier, Deutsche Bank's annual report said.

  • Swedbank's board has continued confidence in the bank's chief executive after seeing the results of an external report into its alleged involvement in money-laundering in the Baltics, the head of the company's board said on Friday.

  • TOKYO, March 22- Japanese government bond yields plunged to their lowest since November 2016 on Friday after the Federal Reserve abruptly abandoned a tightening policy bias, sending U.S. bond yields sharply lower. Ten-year JGB futures gained 0.23 point to 152.96 yen in afternoon trade, with a trading volume of 18,720 lots. Japanese life insurers may shift a part...

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