Finance Banks

  • *Fund managers see worst outlook for world growth in decade. NEW YORK, Dec 18- Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy. Steep drops in equity markets over the last two months...

  • NEW YORK, Dec 18- The dollar fell to a one-week low on Tuesday as investors unwound long bets on the currency, anticipating that the Federal Reserve could slow the pace of U.S. interest rate hikes after this week's policy meeting. A rout on Wall Street on Monday, the recent batch of gloomy U.S. economic data and signs of a slowdown in Europe and China have bolstered a...

  • Dec 18- U.S. stocks rebounded on Tuesday after losing about 2 percent in each of the past two days, helped by gains in the technology sector, and a rebound in some bellwether stocks such as Boeing and J&J. The focus, though, is on the Federal Reserve, which kicks off its two-day monetary policy meeting amid a host of calls, including from President Donald Trump, to pause...

  • *Tech stocks, Amazon, Facebook help boost markets. Dec 18- U.S. stocks rose roughly 0.5 percent on Tuesday after losing about 2 percent in each of the past two days, helped by gains in the technology sector, upbeat earnings reports and a rebound in some bellwether stocks such as Boeing and J&J. The focus, though, is on the Federal Reserve, which kicks off its two day...

  • Royal Bank of Scotland has appointed Katie Murray as chief financial officer, the bank said on Tuesday, making permanent a role she has held on an interim basis since August.

  • Dec 18- U.S. stock index futures climbed on Tuesday, following a rocky start to the week, as investors focus on a two-day meeting where the Federal Reserve is expected to raise interest rates for the fourth time this year and signal the path of future rate hikes. Wall Street's three major indexes slid more than 2 percent on Monday, with the S&P 500 closing at a 14- month...

  • Copies of the Financial Daily newspaper featuring a front page report on Goldman Sachs Group Inc. are displayed for sale at a stand in Kuala Lumpur, Malaysia, on Tuesday, Dec. 18, 2018.

    In 1MDB, Goldman is undergoing its worst scandal in a decade. Insiders are incensed at senior leaders for not pushing back against the deal.

  • *Hungarian 10- year bond spread over Poland widens further. BUDAPEST, Dec 18- Central European currencies eased before a meeting of the Hungarian central bank that's expected to keep its benchmark interest rate at a record-low 0.9 percent. Many investors expect the Federal Reserve to signal an economic slowdown at its Dec. 18-19 meeting, but Tuesday's Polish...

  • LONDON, Dec 18- The euro rose on Tuesday as the dollar weakened, with investors betting that growth concerns will prompt the Federal Reserve to slow its pace of interest rate hikes at this week's meeting. A rout on Wall Street following a spate of weak data globally has strengthened the view that the Fed's widely-expected rate hike on Wednesday will usher in a...

  • A Swiss flag flies over a sign of Swiss bank Credit Suisse on May 8, 2014 in Bern.

    Wealth managers at Swiss bank Credit Suisse have advised their high-net worth clients to think about moving assets out of the U.K. due to the uncertainty surrounding Brexit, according to a report from the Financial Times.

  • OTTAWA, Dec 17- The pace of interest rate hikes in Canada could be interrupted or sped up depending on the economic circumstances, Bank of Canada Governor Stephen Poloz said on Monday. The comments by Poloz to CTV in an interview are another sign the central bank- which has hiked rates five times since July 2017- could put on the brakes amid recent signs the economy is...

  • *Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh. SINGAPORE, Dec 18- The dollar remained under pressure on Tuesday as markets counted down to a crucial Federal Reserve meeting amid speculation it will soon hit the pause button to its monetary tightening cycle in the face of rising risks to global growth. Senior Fed officials, including Fed Chairman...

  • *Malaysia files charges against two former Goldman bankers. NEW YORK/ KUALA LUMPUR, Dec 17- Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1 MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the bank. Malaysia authorities charged the bank and two...

  • Logo of 1MDB (1Malaysia Development Berhad) on a bus window in Kuala Lumpur, Malaysia.

    Goldman Sachs is fighting back against criminal charges from the Malaysian government.

  • Gundlach: The Fed should not raise rates this week

    Doubleline's Jeffrey Gundlach explains why he thinks the Fed should avoid instituting a December interest rate hike on the market.

  • Robinhood CEOs Baiju Bhatt and Vlad Tenev.

    Robinhood's attempt to launch a disruptive product offers some lessons for fintechs trying to break into a highly regulated industry.

  • EUROPEAN BANKING AUTHORITY CALLS FOR MORE ACTION BY FINANCIAL INSTITUTIONS IN THEIR BREXIT-RELATED COMMUNICATION TO CUSTOMERS- STATEMENT.

  • NEW YORK, Dec 17- U.S. The ball is rolling towards dovish expectations even after they do the hike, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis, Tennessee. Continuing strong data in the United States may, however, make the U.S. central bank less likely to adopt the more dovish tone that many investors are expecting.

  • Authorities around the world, including the United States, Switzerland and Singapore have looked into anti-money laundering breaches relating to 1MDB.

    The money laundering probe of the Malaysia state fund got a little more serious for Goldman on Monday.

  • COPENHAGEN, Dec 17- Saxo Bank is to buy Dutch online bank BinckBank for around $480 million to expand in the online trading and investment business where competition is heating up. Saxo, which derives most of its income from its online trading platforms for private foreign exchange traders and others rather than traditional banking, is majority-owned by...

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