BANKING INDUSTRY NEWS

• Bank of Japan holds policy steady - Financial Times [Read Full Story ]
  Thu, 21 Sep 2017 03:57:00 GMT
  

  CNBC

  Bank of Japan holds policy steady Financial Times Japan's central bank opted to hold interest rates steady on Thursday as a new board member dissented in favour of further monetary easing. The Bank of Japan said overnight interest rates will remain steady at 0.1 per cent, that 10-year bond yields will ... BOJ keeps policy steady, newcomer to board dissents CNBC The Bank of Japan Is on Cruise Control Bloomberg all 17 news articles »

  
  
  
• Commonwealth Bank Sells Life Unit to AIA for A$3.8 Billion - Bloomberg [Read Full Story ]
  Wed, 20 Sep 2017 22:49:45 GMT
  

  Bloomberg

  Commonwealth Bank Sells Life Unit to AIA for A$3.8 Billion Bloomberg AIA will team up with Commonwealth Bank for 20 years under the deal to provide life insurance products to customers in Australia and New Zealand, Sydney-based CBA said in a statement Thursday. The deal would make AIA the biggest life insurer in ... Commonwealth Bank sells CommInsure Life and Sovereign to AIA for $3.8b, considers Colonial IPO ABC Online Commonwealth Bank sells life insurance arm to AIA for $3.8bn The Australian AIA buys Commonwealth Bank's life insurance unit for A$3.8b The Straits Times Herald Sun all 53 news articles »

  
  
  
• Yellen defends Federal Reserve's bond buying as the central bank starts reducing its stockpile - Los Angeles Times [Read Full Story ]
  Wed, 20 Sep 2017 20:15:30 GMT
  

  Los Angeles Times

  Yellen defends Federal Reserve's bond buying as the central bank starts reducing its stockpile Los Angeles Times The Federal Reserve announced Wednesday that it would start slowly reducing the trillions of dollars in bonds it bought to stimulate the economy, another milestone in the central bank's efforts to return to a normal monetary policy after the Great ... How the 'great central bank unwind' could ignite the next financial crisis MarketWatch Bank stocks are rising after the Fed announces it will unwind its balance sheet Yahoo Finance 3 Must Read Stories: Fed to Shrink $4.5 Trillion Portfolio, Bank of Japan to Stand Pat, Alibaba vs Tencent Barron's CNBC all 707 news articles »

  
  
  
• Government Considering Bailout Of Russia's 12th-Biggest Bank - RadioFreeEurope/RadioLiberty [Read Full Story ]
  Wed, 20 Sep 2017 13:02:13 GMT
  

  RadioFreeEurope/RadioLiberty

  Government Considering Bailout Of Russia's 12th-Biggest Bank RadioFreeEurope/RadioLiberty The owner of B&N Bank, Russia's 12th-biggest lender by assets, has asked the Central Bank for a bailout less than a month after another leading Russian bank had to be rescued. The Bank of Russia and B&N Bank announced on September 20 that the ... Russian central bank in talks to bail out big private lender Financial Times Bank bailout hits Russia as B&N asks central bank for aid Reuters all 34 news articles »

  
  
  
• Bank of Japan Sticks With Easy Money Settings - Wall Street Journal (subscription) [Read Full Story ]
  Thu, 21 Sep 2017 03:38:21 GMT
  

  Wall Street Journal (subscription)

  Bank of Japan Sticks With Easy Money Settings Wall Street Journal (subscription) TOKYO"The Bank of Japan left policy unchanged Thursday, sticking with its aggressive monetary stimulus measures as many other major central banks around the world head toward the exit door from easy money. The Japanese central bank's decision to ...

  
  
  
• US bank CEOs are likely 'very afraid' of bitcoin, says wealth advisor - CNBC [Read Full Story ]
  Wed, 20 Sep 2017 07:12:00 GMT
  

  CNBC

  US bank CEOs are likely 'very afraid' of bitcoin, says wealth advisor CNBC Some financiers have said the cryptocurrency is an unwise investment because of its volatility or supposedly weak store of value, but bank chiefs have another reason to dislike bitcoin, said Rainer Michael Preiss, executive director at Taurus Wealth ... MUFG on Dimon Remarks: Bank Cryptocurrencies Have 'Nothing to Do With Bitcoin' CoinDesk Govt considering its own cryptocurrency Business Standard all 326 news articles »

  
  
  
• After HDFC Bank, Yes says no to 2500 jobs after citing redundancy, poor performance and digitisation - Economic Times [Read Full Story ]
  Wed, 20 Sep 2017 19:15:52 GMT
  

  Economic Times

  After HDFC Bank, Yes says no to 2500 jobs after citing redundancy, poor performance and digitisation Economic Times The reduction in Yes Bank's 21,000-strong workforce marks the second recent cut in India's private-sector banking space. HDFC Bank, the country's most valuable lender by market capitalisation, has trimmed its workforce by about 11,000 over three ...

  
  
  
• Police ask for info in attempted armed robbery at Beaver Dam bank - WiscNews [Read Full Story ]
  Wed, 20 Sep 2017 21:59:41 GMT
  

  WiscNews

  Police ask for info in attempted armed robbery at Beaver Dam bank WiscNews According to a news release from Beaver Dam Police Department, at 8:22 a.m., police and Dodge County Sheriff's Office responded to an emergency call of a man standing outside the bank with a handgun. The man displayed the gun to the bank employees.

  
  
  
• China's Postal Savings Bank Taps Overseas Investors for $7.6 Billion in Capital - Wall Street Journal (subscription) [Read Full Story ]
  Thu, 21 Sep 2017 03:15:33 GMT
  

  Wall Street Journal (subscription)

  China's Postal Savings Bank Taps Overseas Investors for $7.6 Billion in Capital Wall Street Journal (subscription) Postal Savings Bank of China Co., a state-owned bank, is raising up to $7.6 billion in one of the largest-ever sales of offshore securities by a Chinese lender. The bank, China's sixth-largest by assets, on Thursday launched a sale of U.S. dollar ... and more »

  
  
  
• Dow, S&P rise to record close after bank stocks surge on the Fed - CNBC [Read Full Story ]
  Wed, 20 Sep 2017 14:24:30 GMT
  

  CNBC

  Dow, S&P rise to record close after bank stocks surge on the Fed CNBC U.S. central bank announced it will begin in October rolling off its $4.5 trillion balance sheet, most of which consists of the Treasurys and mortgage-backed securities. Following the Fed's announcement, shares of major banks including PNC Financial ... and more »

  
  
  
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