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businessNews reuters.com

Fed's Quarles says regulators have begun work to 'streamline' Volcker Rule

WASHINGTON (Reuters) - U.S. financial regulators have begun work on a proposal to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday, in a development that will be cheered by banks that have long complained the rule is too onerous.

businessNews reuters.com

U.S. regulators have begun work to 'streamline' Volcker Rule: Fed official

WASHINGTON (Reuters) - U.S. financial regulators have begun work to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday.

companyNews reuters.com

BRIEF-American National Bankshares Announces Stock Repurchase Plan Of Up To 300,000 Shares

* AMERICAN NATIONAL BANKSHARES INC. ANNOUNCES A STOCK REPURCHASE PLAN

companyNews reuters.com

BRIEF-Bank Of Commerce Holdings Reports Quarterly EPS $0.00

* BANK OF COMMERCE HOLDINGS - QTRLY NET INTEREST INCOME $10.9 MILLION VERSUS $9.4 MILLION Source text for Eikon: Further company coverage:

companyNews reuters.com

Brazil´s Caixa approves new rules to improve governance- statement

SAO PAULO, Jan 19 (Reuters) - The board of directors of Brazilian state-owned bank Caixa Econômica Federal approved on Friday rules to improve the bank’s governance, the company said in a statement.

companyNews reuters.com

CANADA STOCKS-TSX rises, led by bank and railroad shares

TORONTO, Jan 19 (Reuters) - Canada's main stock index rose on Friday, led by gains for the heavyweight financials group and industrial shares, while energy stocks were weighed by lower oil prices.

companyNews reuters.com

CORRECTED-UPDATE 2-Regions, SunTrust top profit estimates on higher interest rates

Jan 19 (Reuters) - Regions Financial Corp and SunTrust Banks Inc reported quarterly earnings on Friday that topped Wall Street expectations, benefiting from higher interest rates amid sluggish lending.

companyNews reuters.com

SoftBank telecoms IPO faces headwinds from govt-backed upstarts

* SoftBank telecoms IPO could be largest Japan listing in 20 yrs

technologyNews reuters.com

Bitcoin use under scrutiny in Indonesian island of Bali

JAKARTA/KUTA, Indonesia (Reuters) - Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asia's biggest economy over the risks posed by virtual currencies, an official said.

businessNews reuters.com

Wall Street traders brace for meager paychecks as bonus season approaches

NEW YORK (Reuters) - Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive.

companyNews reuters.com

RPT-Wall Street traders brace for meager paychecks as bonus season approaches

NEW YORK, Jan 19 (Reuters) - Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive.

Bicycles and Bicycling nytimes.com

Modern Love: The Bike That Saved My Life

Saddled with a run-down house, a faltering marriage and a vanishing bank account, a woman takes to her two-wheeler.

companyNews reuters.com

UPDATE 5-Morgan Stanley raises targets, but Wall Street wants more

Jan 18 (Reuters) - Morgan Stanley raised key profitability and efficiency targets on Thursday, but those loftier goals failed to impress Wall Street analysts, who repeatedly asked Chief Executive Officer James Gorman why the bank could not do even better.

businessNews reuters.com

SoftBank is now Uber's largest shareholder as deal closes

SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

companyNews reuters.com

UPDATE 2-SoftBank is now Uber's largest shareholder as deal closes

SAN FRANCISCO, Jan 18 (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

worldNews reuters.com

U.S. won't pay $45 million pledged for Palestinian food aid for now

WASHINGTON (Reuters) - The United States will not provide $45 million in food aid for Palestinians that it pledged last month as part of the West Bank/Gaza Emergency Appeal led by the U.N. Relief and Works Agency (UNRWA), the U.S. State Department said on Thursday.

companyNews reuters.com

BRIEF-Phaserx Revokes Proposed Distribution Record Date

* PHASERX- REVOKED PROPOSED DISTRIBUTION RECORD DATE AS REQUESTED IN DISTRIBUTION RECORD DATE MOTION, WITHDREW THE MOTION IN BANKRUPTCY COURT-SEC FILING Source text: (http://bit.ly/2DmSNqm) Further company coverage:

businessNews reuters.com

HSBC to pay $100 million to settle U.S. probe into currency rigging

(Reuters) - HSBC Holdings Plc on Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers.

businessNews reuters.com

Judge tosses GM settlement on ignition switch

NEW YORK (Reuters) - A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co to pay $1 billion in stock to car owners suing the company over faulty ignition switches was not enforceable.

PersonalFinance reuters.com

Factbox: Big U.S. banks' fourth-quarter results muddied by new tax law

(Reuters) - Morgan Stanley reported quarterly results on Thursday, rounding off an earnings season for big U.S. banks marked by across-the-board hit to profits from the U.S. tax overhaul.

businessNews reuters.com

Uber-SoftBank deal has closed, making SoftBank largest shareholder

SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

businessNews reuters.com

Brazilian prosecutors ask BNY Mellon unit to return $2.5 billion to local fund

SAO PAULO (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

companyNews reuters.com

UPDATE 1-Brazilian prosecutors ask BNY Mellon unit to return $2.5 bln to local fund

SAO PAULO, Jan 18 (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

businessNews reuters.com

CIBC eyes FirstCaribbean valuation around $1.4 billion: sources

TORONTO (Reuters) - Canadian Imperial Bank of Commerce is targeting a valuation of 10 times earnings for the potential listing of its FirstCaribbean business in New York, which would give it a market value of around $1.4 billion, five sources familiar with the matter told Reuters over the past week.

companyNews reuters.com

MOVES-Bank of America names MacDonald new global TMT head; Zakkour departs

Jan 18 (Reuters) - Bank of America Corp has appointed Jack MacDonald to be head of global technology, media and telecom investment (TMT)banking, following the departure of Anwar Zakkour, the banker who formerly led the TMT group, according to a memo seen by Reuters.

companyNews reuters.com

Brazilian prosecutors ask BNY Mellon to return $2.5 bln to local fund

SAO PAULO, Jan 18 (Reuters) - Brazilian prosecutors in Sao Paulo asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

companyNews reuters.com

BRIEF-Jacksonville Says CNB Or Co To Pay Fee Of $2.25 Million if Deal Terminated

* JACKSONVILLE- IF MERGER AGREEMENT WITH CNB BANK SHARES TERMINATED UNDER CERTAIN CIRCUMSTANCES,CO OR CNB TO PAY FEE OF $2.25 MILLION TO THE OTHER-SEC FILING Source text : [http://bit.ly/2mTSDMO] Further company coverage:

businessNews reuters.com

Deutsche Bank CEO says overhaul will take time

BERLIN/FRANKFURT (Reuters) - Deutsche Bank's CEO on Thursday said an overhaul of the bank would take time but plans to turn around its performance were on the right track.

worldNews reuters.com

Russia accuses Washington of leaking diplomats' bank details

MOSCOW (Reuters) - Russia's foreign ministry on Thursday accused U.S. officials of leaking to the media confidential financial details of Russian diplomats working in the United States, and demanded that those responsible be punished.

PersonalFinance reuters.com

Ex-Bank of America executive Malik to launch fund advisory firm

NEW YORK (Reuters) - Omeed Malik, a former Bank of America Merrill Lynch executive, is preparing to launch an advisory firm for hedge funds and other so-called alternative investment managers,...

companyNews reuters.com

CANADA STOCKS-TSX flat as financials gain, energy stocks fall

TORONTO, Jan 18 (Reuters) - Canada's main stock index was barely lower in morning trade on Thursday, as banks and other financial stocks pushed higher while the index was weighed by energy stocks including Husky Energy Inc, which has had its SeaRose operations suspended.

companyNews reuters.com

UPDATE 2-BNY Mellon expects more severance charges in 2018, shares down

Jan 18 (Reuters) - Bank of New York Mellon Corp expects to book more severance charges in 2018, its chief executive said, as the custodian bank tries to cut costs and streamline its businesses.

companyNews reuters.com

CANADA STOCKS-TSX flat as energy stocks fall, banks push higher

TORONTO, Jan 18 (Reuters) - Canada's main stock index was little changed in early trade on Thursday, as energy stocks fell and banks rose.

companyNews reuters.com

BRIEF-CNB Bank Shares And Jacksonville Bancorp Announce Agreement To Merge

* CNB BANK SHARES, INC. AND JACKSONVILLE BANCORP, INC. ANNOUNCE AGREEMENT TO MERGE

businessNews reuters.com

Morgan Stanley's wealth management business helps bank top estimates

(Reuters) - Morgan Stanley's quarterly profit dropped almost 60 percent on a provision related to the new U.S. tax law, but adjusted profit beat analyst expectations as strength in wealth management offset a drop in trading revenue.

companyNews reuters.com

BRIEF-M&T Bank Corp Q4 Operating Earnings Per Share $2.04

* ORATION ANNOUNCES 2017 FOURTH QUARTER AND FULL-YEAR RESULTS

technologyNews reuters.com

Goldman Sachs, Wells Fargo and others invest $38 million in research tech startup

NEW YORK (Reuters) - Goldman Sachs Group Inc has led a $38 million investment round by large banks in Visible Alpha, a young New York-based company that helps investment managers better value the equity research services they receive from brokers.

companyNews reuters.com

BNY Mellon profit rises 37 pct on tax gain

Jan 18 (Reuters) - Bank of New York Mellon Corp reported a 37 percent rise in fourth-quarter profit on Thursday, benefiting from the federal tax overhaul.

worldNews reuters.com

Israeli commandos kill Palestinian gunman blamed for West Bank ambush

JENIN, West Bank (Reuters) - Israeli police killed a Palestinian gunman and captured another in a clash in the occupied West Bank on Thursday, saying they were part of a cell responsible for an ambush in which a Jewish settler was shot dead.

businessNews reuters.com

Asia stocks touch record highs after Wall St. surge, dollar edges back

TOKYO (Reuters) - Asian stocks struck record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as comments by European Central Bank officials tempered the euro's recent rally.

companyNews reuters.com

UPDATE 1-Toshiba reaches deal to help resolve Westinghouse bankruptcy, rebuild finances

* Toshiba to sell claims in Westinghouse to group led by Baupost

businessNews reuters.com

Asia stocks reach record highs after Wall St. surge, dollar edges back

TOKYO (Reuters) - Asian stocks struck record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as comments by European Central Bank officials tempered the euro's recent rally.

companyNews reuters.com

CORRECTED-Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

TOKYO, Jan 18 (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

companyNews reuters.com

BRIEF-Farmers Capital Bank Reports Q4 Adjusted Net Income Of $0.59 Per Share

* FARMERS CAPITAL BANK CORPORATION ANNOUNCES FOURTH QUARTER EARNINGS

technologyNews reuters.com

Toshiba sees $3.7 billion balance sheet improvement from Westinghouse deal

TOKYO (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

PersonalFinance reuters.com

Bank of America takes tax hit, vows longer-term boost

(Reuters) - Bank of America Corp's quarterly profit was nearly chopped in half by tax-related charges but the lender's management promised the new U.S. tax system would eventually benefit...

companyNews reuters.com

Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

TOKYO, Jan 18 (Reuters) - Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet.

worldNews reuters.com

Palestinian gunman killed in Israeli raid in West Bank

RAMALLAH, West Bank (Reuters) - At least one Palestinian gunman was killed in a raid by Israeli armed forces on the town of Jenin in the occupied West Bank late on Wednesday, Palestinian health officials and local residents said.

companyNews reuters.com

BRIEF-Deutsche Boerse Says ‍Bank Markazi Filed Complaint Against Co's Unit Clearstream​

* ‍BANK MARKAZI FILED COMPLAINT AGAINST DEUTSCHE BÖRSE AG SUBSIDIARY CLEARSTREAM​

technologyNews reuters.com

U.S. enterprise telecoms firm Avaya trades again after bankruptcy

(Reuters) - Avaya Holdings Corp shares started trading on Wednesday on the New York Stock Exchange, the first time the enterprise telecommunications provider has been public in more than a decade.

businessNews reuters.com

Fed fines Taiwan's Mega Bank $29 million for anti-money laundering failures

WASHINGTON (Reuters) - The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan's Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls.

companyNews reuters.com

BRIEF-Frontier Communications Launches Amendments To Credit Agreements With JPMorgan Chase‍​

* FRONTIER COMMUNICATIONS CORP - ON JAN 17, CO LAUNCHED AMENDMENTS TO CREDIT AGREEMENTS WITH JPMORGAN CHASE BANK N.A., AND COBANK ACB‍​

companyNews reuters.com

CANADA STOCKS-TSX ends up as banks lead rally after rate hike

TORONTO, Jan 17 (Reuters) - Canada's main stock index ended higher on Wednesday, with financial stocks leading a broad but shallow rally as the Bank of Canada hiked rates, offsetting losses among gold miners as the price of the precious metal slipped.

companyNews reuters.com

BRIEF-Union Bankshares Reports Q4 EPS of $0.43

* UNION BANKSHARES ANNOUNCES FOURTH QUARTER ENDED DECEMBER 31, 2017 EARNINGS AND QUARTERLY DIVIDEND PAYMENT

companyNews reuters.com

UPDATE 4-Bank of America takes tax hit, vows longer-term boost

Jan 17 (Reuters) - Bank of America Corp's quarterly profit was nearly chopped in half by tax-related charges but the lender's management promised the new U.S. tax system would eventually benefit shareholders.

companyNews reuters.com

Top Canadian banks raise prime rates after central bank rate hike

Jan 17 (Reuters) - Major Canadian banks on Wednesday raised their prime lending rates, a benchmark for a wide range of consumer and commercial loans, after the country's central bank raised interest rates for the third time in seven months.

companyNews reuters.com

BRIEF-BMO Bank Of Montreal Increases CDN$ Prime Lending Rate To 3.45 Per Cent

* BMO BANK OF MONTREAL INCREASES CDN$ PRIME LENDING RATE TO 3.45 PER CENT

companyNews reuters.com

BRIEF-TD Canada Trust Announces Change To Prime Lending Rate

* TORONTO-DOMINION BANK - ‍TD CANADA TRUST INCREASED PRIME LENDING RATE BY 25 BASIS POINTS TO 3.45 PER CENT, EFFECTIVE JAN 18, 2018​ Source text for Eikon: Further company coverage:

companyNews reuters.com

GLOBAL MARKETS-World shares advance as dollar loses steam

* Tech shares lead Wall St higher but Goldman, Bank of America lag

businessNews reuters.com

'Just Hit Budget!' bankers at RBS restructuring unit told during crisis: memo

LONDON (Reuters) - Royal Bank of Scotland staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to "Just Hit Budget!", a memo released on Wednesday showed.

companyNews reuters.com

MOVES-Union Bank adds executives in San Francisco office

Jan 17 (Reuters) - MUFG Union Bank N.A., a unit of Mitsubishi UFJ Financial Group, appointed Ann Hamilton as a fiduciary management executive, and Peter Bogardus as a private wealth adviser.

companyNews reuters.com

UPDATE 1-Barclays to cut up to 100 senior jobs at its investment bank - source

LONDON, Jan 17 (Reuters) - Britain's Barclays is axing up to 100 jobs at its investment bank, a source familiar with the matter said on Wednesday, following another set of disappointing results from the division in the third quarter.

companyNews reuters.com

RPT-Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

* Bankers jostling for mandates for league table credit, prestige

businessNews reuters.com

In replacing Dudley, New York Fed aims to avoid political pitfalls

NEW YORK (Reuters) - Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.

businessNews reuters.com

Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

LONDON (Reuters) - The banks that will advise and execute Saudi Aramco's stock market listing are expected to share a tiny proportion of the $100 billion Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders.

politicsNews reuters.com

U.S. banking official critiques Senate bill aimed at easing bank rules

WASHINGTON (Reuters) - A top official at a leading U.S. bank regulator is airing concerns about a Senate bill that would ease banking rules, saying parts of it could "significantly weaken" critical protections.

businessNews reuters.com

Tech, industrials lead Wall Street higher, banks drop

(Reuters) - Wall Street's main indexes rose on Wednesday, led by gains in technology and industrial stocks, but losses in Goldman Sachs and Bank of America dragged down bank shares.

businessNews reuters.com

In replacing Dudley, NY Fed aims to avoid political pitfalls

NEW YORK (Reuters) - Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.

companyNews reuters.com

US STOCKS-Tech, industrials lead Wall Street higher, banks drop

* Indexes up: Dow 0.44 pct, S&P 0.31 pct, Nasdaq 0.34 pct (Changes comment, updates prices, adds details)

companyNews reuters.com

Brazil's Caixa replaces suspended executives

SAO PAULO, Jan 17 (Reuters) - Brazilian state lender Caixa Economica Federal has announced replacements for four vice presidents that stepped down amid a corruption probe, the bank said in a statement on Wednesday.

businessNews reuters.com

BofA takes one-time tax hit, vows longer term boost

(Reuters) - Bank of America Corp's quarterly profit nearly halved due to tax-related charges, though net income excluding that hit topped estimates and management promised the new U.S. tax system would eventually benefit shareholders.

companyNews reuters.com

UPDATE 3-BofA takes one-time tax hit, vows longer term boost

Jan 17 (Reuters) - Bank of America Corp's quarterly profit nearly halved due to tax-related charges, though net income excluding that hit topped estimates and management promised the new U.S. tax system would eventually benefit shareholders.

businessNews reuters.com

Tech stocks lead Wall Street higher; banks drop

(Reuters) - Wall Street's main indexes were lifted by modest gains in technology stocks on Wednesday, led by Microsoft, IBM and Intel.

businessNews reuters.com

Bank of America net profit slumps on $2.9 billion tax charge, adjusted income beats

(Reuters) - Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge.

businessNews reuters.com

Goldman posts first quarterly loss in 6 years on tax hit; trading slumps

(Reuters) - Goldman Sachs Inc on Wednesday posted its first quarterly loss in six years on a huge tax charge but adjusted profit trumped analysts' estimates, as strength in the investment banking business cushioned the blow from a slump in trading.

businessNews reuters.com

Goldman Sachs beats estimates as investment banking revenue soars

(Reuters) - Goldman Sachs Inc on Wednesday reported a quarterly profit that trumped analysts' estimates, as strength in its investment banking business helped cushion the blow from a slump in trading.

cnn.com

You can't get $1 from banks in Venezuela

businessNews reuters.com

BofA net profit slumps on $2.9 billion tax charge, adjusted income beats

(Reuters) - Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge.

businessNews reuters.com

Futures higher as investors weigh bank earnings

(Reuters) - U.S. stock futures pointed to a higher open for Wall Street on Wednesday as investors assessed earnings of Bank of America and U.S. Bancorp.

companyNews reuters.com

US STOCKS-Futures higher as investors weigh bank earnings

Jan 17 (Reuters) - U.S. stock futures pointed to a higher open for Wall Street on Wednesday as investors assessed earnings of Bank of America and U.S. Bancorp.

companyNews reuters.com

UPDATE 1-Slovenian banks reduce bad loans to 4.4 pct of total loans

LJUBLJANA, Jan 17 (Reuters) - Slovenian banks reduced loans on which repayment was delayed by 90 days or more to 1.5 billion euros ($1.83 billion) in November, representing 4.4 percent of all loans, down from 4.6 percent the previous month, the central bank said on Wednesday.

businessNews reuters.com

Bank of America profit slumps on $2.9 billion tax charge

(Reuters) - Bank of America Corp's fourth-quarter profit nearly halved as it booked a $2.9 billion charge stemming from the new federal tax law.

businessNews reuters.com

U.S. charges Barclays forex trader with fraud

LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

companyNews reuters.com

MOVES-Julius Baer names new head of U.K businesses

Jan 17 (Reuters) - Swiss private banking group Julius Baer on Wednesday said it appointed Calum Brewster as head of U.K. regional offices, based in Edinburgh.

companyNews reuters.com

BRIEF-SA's Competition Tribunal says Bank Forex Hearing Delayed

* BANK FOREX HEARING DELAYED AFTER COMMISSION NOTIFIED ITS INTENTION TO JOIN NEW APPLICANTS‍​

businessNews reuters.com

U.S. charges former Barclays forex trader with fraud

LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a former Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

companyNews reuters.com

EU ombudsman urges ECB's Draghi to leave G30 club of financiers

FRANKFURT, Jan 17 (Reuters) - The European Central Bank's President Mario Draghi should give up his membership of the Group of 30 talking shop of financiers, as it risked hurting public confidence in the ECB's independence, the European Union's ombudsman said on Wednesday.

businessNews reuters.com

Big U.S. lenders reap benefits of higher rates, but savers not so much

NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

businessNews reuters.com

Japan central bank to keep policy on hold, offer upbeat inflation view

TOKYO (Reuters) - Japan's central bank is set to maintain upbeat price forecasts next week and paint a slightly better picture of the economy than it did three months ago, signaling its conviction the country is making slow but steady progress in eradicating deflation.

companyNews reuters.com

BRIEF-Delphi Revenue Growth Expected To Accelerate Long-Term

* REVENUE GROWTH EXPECTED TO ACCELERATE LONG-TERM - CEO AT DEUTSCHE BANK CONF‍​

companyNews reuters.com

UPDATE 1-Britain's RBS pulled plug on Carillion days before collapse

LONDON, Jan 16 (Reuters) - Carillion collapsed only days after Royal Bank of Scotland (RBS), one of the British group's main lenders, tightened the terms of its funding, court documents show.

companyNews reuters.com

UPDATE 1-Brazil central bank calls for Caixa VPs to step down -source

BRASILIA, Jan 16 (Reuters) - The Brazilian central bank has called for all vice presidents of state lender Caixa Econômica Federal to step down following the investigation of alleged corruption at Caixa, a person with knowledge of the matter told Reuters on Tuesday.

companyNews reuters.com

UPDATE 4-Citigroup reports $18 bln loss on one-time tax items

Jan 16 (Reuters) - Citigroup Inc posted an $18-billion quarterly loss on Tuesday because of charges related to a new U.S. tax law, but its adjusted earnings beat Wall Street expectations and management signaled that the bank may soon lift financial performance targets.

worldNews reuters.com

World Bank urges Russia to spend more on healthcare, education

MOSCOW (Reuters) - Russia's new government after its March presidential election should invest more in education and healthcare to help spur economic growth, the World Bank's chief executive officer said on Tuesday.

Tax Cuts and Jobs Act (2017) nytimes.com

Banks are Big Winners from Tax Cut

Financial firms are benefiting from the $1.5 trillion tax cut and make up the majority of companies so far handing out raises and bonuses as a result of the bill.

businessNews reuters.com

Citigroup reports $18 billion loss on one-time tax items

(Reuters) - Citigroup Inc posted an $18-billion quarterly loss on Tuesday because of charges related to a new U.S. tax law, but its adjusted earnings beat Wall Street expectations and management signaled that the bank may soon lift financial performance targets.

companyNews reuters.com

CEE MARKETS-Leu falls after PM quits, CEE stocks set multi-year highs

* Leu nears record low after PM resignation * Leu, Romanian stocks rebound as ruling party proposes new PM * German stocks rally helps Prague, Warsaw hit multi-year highs * Czech PM Babis loses confidence vote, but seen staying (Adds Romanian PM candidate, Czech confidence vote, central bankers) By Sandor Peto and Luiza Ilie BUDAPEST/BUCHAREST, Jan 16 (Reuters) - Romanian assets rebounded from a plunge on Tuesday as the ruling Social Democrat party (PSD) quickly picked

PersonalFinance reuters.com

Be a money superhero and cosplay on a budget

NEW YORK (Reuters) - If you ever happen to run into Burbank’s Mark Chu-Lin, he might not respond if you call out to him by name.

worldNews reuters.com

Palestinians see Gaza peace dividend pass them by

GAZA (Reuters) - Life began to look up for Gaza's Palestinians when reconciliation between its Hamas Islamist rulers and the West Bank-based Palestinian Authority in October brought a drop in crippling prices.

technologyNews reuters.com

Qatar central bank to consider topic of virtual currencies: governor

DOHA (Reuters) - Qatar's central bank will consider the topic of virtual currencies and there may be an opportunity in the future to introduce them in Qatar, central bank governor Sheikh Abdullah bin Saud al-Thani said on Tuesday.