U.S. banks’ dismal first quarter may spell trouble for 2016
(Reuters) – It is only April, but some on Wall Street are already predicting a rotten 2016 for U.S. banks.
Suffering bank investors search for bright spots
NEW YORK (Reuters) – U.S. banks are generally expected to post dismal results when their earnings season gets under way next week, but some analysts say to dig deeper: the fine print in the results, and what bank bosses say, could actually help these l…
Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices
HONG KONG (Reuters) – The Bank of Italy is carrying out an on-site inspection at the Italian offices of Bank of China Ltd , a Chinese state-owned bank already facing accusations of aiding illicit money flows from Italy to China, a source familiar with …
Obama to meet Fed Chair Yellen on Monday
WASHINGTON (Reuters) – President Barack Obama will meet with U.S. Federal Reserve Chair Janet Yellen on Monday to discuss the economy and Wall Street reform, the White House said on Sunday.
Tech start-ups snap at the heels of Asian private bankers
SINGAPORE (Reuters) – Scanning a bank statement into a computer may not sound particularly high-tech, but it’s unsettling some of Asia’s private bankers.
TransCanada restarts Keystone pipeline at reduced pressure
(Reuters) – TransCanada Corp on Sunday said it had restarted the 590,000- barrel-per-day Keystone crude pipeline at reduced pressure after it received American authorization to do so.
Average U.S. gas prices rose 8 cents in three weeks: Lundberg
(Reuters) – The average price of a gallon of gasoline in the United States gained 8 cents in the past three weeks, according to a survey released on Sunday.
IMF supports move to negative rates by some central banks
WASHINGTON (Reuters) – The International Monetary Fund said on Sunday that a move to negative rates by some of the world’s central banks would help deliver extra monetary stimulus and ease lending conditions.
Bill Gross sees one or two Fed rate hikes in 2016: Barron’s
(Reuters) – Bond manager Bill Gross predicts that the U.S. Federal Reserve will raise interest rates once or twice in 2016, according to an interview in Barron’s.
Volkswagen CEO seeks cut to board bonuses: sources
FRANKFURT (Reuters) – Volkswagen Chief Executive Matthias Mueller will push for a significant reduction in bonuses for the carmaker’s management board on Monday, sources familiar with the matter told Reuters.
