Tag: banks


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Trump may weaken ‘outdated’ rules that force banks to lend to the poor

Trump may weaken ‘outdated’ rules that force banks to lend to the poor

The Treasury Department called rules that require banks lend to low-income neighborhoods “outdated” and officials are working on recommendations for a revamp. Latest stock market news from Wall Street – CNNMoney.com

January 12, 2018 | By | Reply More
3 big banks suffer credit and debit card problems

3 big banks suffer credit and debit card problems

The bank suffered issues that prevented some customers from using debit and credit cards. Personal finance news – CNNMoney.com

December 6, 2015 | By | Reply More
UPDATE 1-Gulf banks rush to loan market to cope with liquidity squeeze

UPDATE 1-Gulf banks rush to loan market to cope with liquidity squeeze

DUBAI, Nov 23 (Reuters) – Gulf banks are rushing to raise money via the loan market by the end of the year in a flurry of activity attributed to a liquidity squeeze caused by lower oil prices, banking sources aware of the matter said on Monday. Reuters: Energy

November 23, 2015 | By | Reply More
G20 finalizes tools for ending ‘too big to fail’ banks

G20 finalizes tools for ending ‘too big to fail’ banks

Global regulators set out their "final tools" on Monday for ending the phenomenon of "too big to fail" banks, seeking to draw a line under a period of intensive rule making after a financial crisis that tarnished the sector and weighed heavily on taxpayers. Mark Carney, chairman of the Financial Stability Board (FSB) that coordinates […]

November 9, 2015 | By | Reply More
ECB reveals capital hole in Greek banks as unpaid loans soar

ECB reveals capital hole in Greek banks as unpaid loans soar

FRANKFURT (Reuters) – Greece’s banks need to raise more than 14 billion euros ($ 16 billion) of extra capital to cover mounting unpaid loans, the European Central Bank said on Saturday as it announced the results of stress tests intended to rehabilitate Greek lenders. Reuters: Business News

October 31, 2015 | By | Reply More
Europe banks get face-lift, but are far from pretty

Europe banks get face-lift, but are far from pretty

Analysts and economists remain unconvinced that banks are truly out of the woods and point to tight regulations. Europe Top News and Analysis

October 30, 2015 | By | Reply More
Banks take spotlight as earnings season heats up

Banks take spotlight as earnings season heats up

By Chuck Mikolajczak NEW YORK (Reuters) – The financial sector, recently a weak performer in the stock market, will garner the majority of investor attention this week as a number of big banks post their quarterly results. Goldman Sachs Group Inc, Bank of America Corp, Wells Fargo & Co, Citigroup and JPMorgan Chase & Co […]

October 11, 2015 | By | Reply More
Banks take spotlight as earnings season heats up

Banks take spotlight as earnings season heats up

By Chuck Mikolajczak NEW YORK (Reuters) – The financial sector, recently a weak performer in the stock market, will garner the majority of investor attention next week as a number of big banks post their quarterly results. Goldman Sachs Group Inc, Bank of America Corp, Wells Fargo & Co, Citigroup and JPMorgan Chase & Co […]

October 11, 2015 | By | Reply More
Banks face billions more in Libor losses

Banks face billions more in Libor losses

Banks implicated in the Libor-fixing scandal will likely take billions more in losses as a result of pending litigation and regulatory penalties, according to industry analysts at Morgan Stanley. Inflation and treasury bond news – CNNMoney.com

October 2, 2015 | By | Reply More
Swiss banks step up battle for Asia’s super-rich

Swiss banks step up battle for Asia’s super-rich

ZURICH/HONG KONG (Reuters) – UBS's giant banner on Hong Kong's One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia's burgeoning ranks of millionaires. Switzerland's wealth managers have long courted Asia's super-rich amid […]

August 9, 2015 | By | Reply More