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Finance Banks

  • After imposing punitive tariffs on a number of its top trading partners, the United States earlier this week threatened China with further duties on $200 billion, escalating a conflict that has already drawn retaliatory steps from nearly all corners of the world. Federal Reserve, the European Central Bank, the Bank of Japan and the Reserve Bank of Australia all...

  • June 20- Deutsche Bank AG has agreed to pay a fine of $205 million for violations of New York's banking laws, the state's department of financial Services said on Wednesday. The litigation followed worldwide probes into currency manipulation that resulted in about $10 billion in fines for several large banks. Other banks that had settled similar charges in the...

  • NEW YORK, June 20- Stocks on world markets edged higher on Wednesday, recovering from a recent selloff on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. central bank should continue with a gradual pace of interest rate increases. Fed Chairman Jerome Powell said the pace should stay the...

  • The officials said at a conference in Portugal that the escalating trade fights involving the United States, China and Europe could erode business confidence, lead companies to delay investment and hurt the global economy. European Central Bank President Mario Draghi said. " The Trump administration has imposed tariffs on steel and aluminum and has said it...

  • SINTRA, Portugal, June 20- A developing trade war between the world's biggest economies is already weighing on business confidence and could force central banks to downgrade their outlook, the world's most powerful central bank chiefs argued on Wednesday. Federal Reserve, the European Central Bank, the Bank of Japan and the Reserve Bank of Australia all took a...

  • Pedestrians walk in front of the JPMorgan Chase headquarters building in New York.

    A business at the heart of global commerce is about to get an upgrade in the form of an AI-powered assistant from J.P. Morgan.

  • June 20- The U.S. jobs market does not appear overly tight and the Federal Reserve should continue with a gradual pace of interest rate rises amid a strong economy to balance its employment and inflation goals, Fed Chairman Jerome Powell said on Wednesday. Powell also cautioned central banks against trying to run an excessively hot labor market for too long in...

  • SINTRA, Portugal, June 20- Behind a "facade of optimism", European Central Bank officials are growing increasingly concerned that a looming trade war could derail the euro zone's recovery and complicate its exit from years of easy money, central banking sources told Reuters. Just days earlier, President Mario Draghi had pulled off the major feat of announcing the...

  • Federal Reserve will likely keep raising short-term interest rates at only a gradual pace, Fed chair Jerome Powell said Wednesday, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said that with the unemployment rate at an 18- year low of 3.8 percent and inflation near the...

  • LONDON, June 20- German bond yields pulled away from 2-1/ 2 week lows on Wednesday as world stock markets put aside trade war fears and rallied, taking the shine off safe-haven bond markets. An escalation in trade tensions between the United States and China, plus dovish rhetoric from the European Central Bank that has boosted confidence a rate hike remains some...

  • The Citigroup Center in midtown Manhattan is shown in this July 14, 2014 photo.

    Deutsche Bank upgraded Citigroup shares to buy from hold, noting the stock could get a boost from beaten-down levels given upcoming stress test results and a better business environment.

  • *The European Central Bank will be patient in tightening policy further, President Mario Draghi said on Tuesday, adding that market pricings for its first post-crisis rate hike were consistent with its aim to move gradually. *It would take a sizable economic shock for the European Central Bank to reverse its decision to end bond purchases by the close of the year,...

  • NEW YORK— Hey Alexa, what's my bank account balance? Regional banking giant U.S. Bank is the first bank to be on all three services— Alexa, Siri and Assistant. Credit card companies Capital One and American Express both have Alexa skills that allow customers to check their balances and pay bills.

  • JPMorgan Chase Chairman and CEO Jamie Dimon

    Dimon said immigration problems in the U.S. are "tearing apart our body politic and damaging our economy."

  • Indian Youth Congress activists and workers scuffle with police during a protest march against Finance Minister Arun Jaitley and Punjab National Bank (PNB) scam at IYC office, on February 21, 2018.

    A $2 billion fraud at India's Punjab National Bank may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, an internal report said.

  • MUMBAI/ NEW DELHI, June 20- A $2 billion fraud at India's Punjab National Bank may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank's own internal probe has found. PNB, India's second-biggest state-controlled lender, has previously alleged that a...

  • Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc.

    Despite escalating trade threats between the United States and China, Goldman Sachs CEO Lloyd Blankfein says the two countries will avoid mutually-assured destruction.

  • Financials trading near correction territory

    Gerard Cassidy, RBC Capital Markets managing director, discusses whether it's a good time to buy the dip in bank stocks.

  • Goldman Sachs CEO: 'Tit-for-tat' approach to trade negotiations is 'crazy'

    CNBC's Wilfred Frost reports on Goldman Sachs CEO Lloyd Blankfein's comments about Trump's trade tensions with China.

  • Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc.

    Watch Goldman Sachs Chairman and CEO Lloyd Blankfein live during a luncheon at the New York Economic Club.

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