Tag Archives: Bank

Japanese yen jumps against dollar after Bank of Japan decision disappoints

he safe-haven yen jumped against the dollar on Friday after the Bank of Japan’s monetary policy easing disappointed investors who had been hoping for more radical stimulus measures. The dollar last traded at 103.35 yen, down 1.8 per cent on the day. It initially rose to 105.75 yen right after the BOJ’s announcement but later tumbled to as low as ... Read More »

Big bank investors need to keep an eye on this metric, analyst says

With second-quarter earnings season on the horizon for major U.S. banks, investors should keep an eye on fixed income trading operations, Jeff Harte, a Sandler O’Neill analyst, said Monday. “The credit markets have been a lot more favorable and that is really what hurt first quarter. I mean, we are probably a little ahead of consensus for the quarter, but ... Read More »

Bank stocks tracking for worst week since early January

Carson Block speaking the SOHN Conference in New York on May 4th, 2016. David A. Grogan | CNBC Carson Block speaking the SOHN Conference in New York on May 4th, 2016. This week has not been kind to bank stocks. The SPDR S&P Bank ETF (KBE) was down nearly 4 percent for the week, putting it on track for its ... Read More »

Deutsche,Bank:,It’s,time,to,buy,gold

Gold is still expensive, but rising economic risks and market turmoil mean investors should buy it for insurance, Deutsche Bank said Friday. The recovery since the global and European financial crises had put theprice of gold under some pressure. The yellow metal, which some analysts view as a safe haven or as a protection against rising inflation, typically underperforms during ... Read More »

Bank,investors,have,suffered,two,lost,decades

After an awful start to 2016, the S&P 500 bank index is at the same level as in the fall of 1996. Not that it hasn’t been a rocky road: The banks doubled over the next 10 years, then crashed amid the financial crisis, before running right back to where they started. And bank investors did enjoy dividends over the ... Read More »

Latest attack against Russian bank employees highlights the threat to financial institutions

The employees of at least six Russian banks were recently the target of a well-crafted email attack where hackers masqueraded as the Russian Central Bank to trick them into installing malware. The incident is the latest in a string of malware attacks against financial institutions over the past year. Together they signal a shift in focus for many cybercriminal groups, ... Read More »

Cramer: The Bank of Japan’s move is bad for us

CNBC’s Jim Cramer doesn’t understand why investors reacted positively to news that the Bank of Japan unexpectedly adopted negative interest rates. “I saw futures jump huge when Japan announced this, but it’s like: ‘No, guys. It’s bad for us,'” Cramer said on “Squawk Box.” “This is about them taking share from us.” In a move that was signaled by the ... Read More »

Central bank medicine becoming ‘poison’: Expert

In an effort to boost financial markets, global central banks have sapped their momentum even more, one market watcher contended Friday. The European Central Bank and Bank of Japan have cut benchmark interest rates to negative territory, leading to speculation that theFederal Reserve may consider doing the same. By considering negative interest rates, the Fed could strike more fear into ... Read More »

Deutsche Bank to buy back more than $5B in bonds

Deutsche Bank will buy back more than $5 billion in senior debt, it said in a statement on Friday. The lender said it would launch a tender for euro-denominated unsecured bonds worth 3 billion euros ($3.38 billion) and a tender for dollar-denominated bonds worth $2 billion. “The Bank’s strong liquidity position allows it to repurchase these securities without any corresponding ... Read More »

Barclays’ axe set to fall on 1,000 more jobs in investment bank

The cuts, which could be announced as early as Thursday, will be presented as an extension of the strategy announced by the previous chief executive, Antony Jenkins, in 2014, when he promised to cut 7,000 jobs in the investment bank over three years. Barclays plans to exit investment banking operations across much of Asia, continental Europe and Latin America as ... Read More »