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  • This could have implications for other central banks around the world contemplating further easing, notably the European Central Bank and the Bank of England. The latter meets in the coming week and is widely expected to take steps to ease the economic pain of Britain's vote to leave the European Union. *BoE policy decision Aug. 4, Australia Aug. 1, BOJ minutes Aug. 3.

  • WASHINGTON— Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved. Those loans jumped to $77 billion from $38.2 billion. Overall, the review found that loans at risk of failing or already in default, plus those showing potential weakness, remained high at 10.3 percent of...

  • *Trump wants to tear up Iran nuclear deal if he wins. LONDON/ ANKARA, July 29- Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran's push for foreign...

  • NEW YORK, July 29- The U.S. dollar weakened on Friday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter, further reducing expectations that the Federal Reserve will raise interest rates in September. The Japanese yen, meanwhile, soared after the Bank of Japan expanded stimulus at its highly anticipated meeting, but...

  • LONDON, July 29- A corporate makeover at Barclays under CEO Jess Staley showed signs of paying off on Friday as the British bank reported an improved performance in its key businesses, helping send its shares up more than 8 percent. Staley in March set out a strategy to simplify the bank's structure and seek higher shareholder returns through the sale of the bulk...

  • LAGOS, July 29- Breaking the central bankers' taboo on use of the' p-word', Nigeria's Godwin Emefiele is urging people not to panic about the banking system, saying he is on top of any trouble resulting from the worst crisis in Africa's biggest economy for decades. Non-performing loans are expected to jump to 12.5 percent of total loans this year, up from the central...

  • *Net inflows of $2.4 bln in wealth management Americas. ZURICH, July 29- UBS, Switzerland's biggest bank, has scrapped short-term guidance on profitability due to an increasingly murky outlook for financial markets, even though its second-quarter net profit fell much less than analysts had feared. Like many rivals, UBS is battling negative interest rates, a drop...

  • MOSCOW, July 29- Russia's central bank left its main lending rate on hold on Friday, citing the need to maintain moderately tight monetary policy although inflation was falling in line with its forecasts. The decision comes as the Russian economy is gradually emerging from a deep slump caused by low oil prices and Western sanctions over the Ukraine conflict.

  • WASHINGTON, July 29- U.S. labor costs rose steadily in the second quarter, pointing to still-moderate wage inflation, which could see the Federal Reserve keeping interest rates unchanged for a while. The Employment Cost Index, the broadest measure of labor costs, increased 0.6 percent after a similar gain in the first quarter, the Labor Department said on Friday.

  • LONDON— It seems that the strong start to the year was another false dawn for the eurozone economy and that the European Central Bank will have more to do in the months ahead to shore up growth. New figures released Friday confirmed that the eurozone, which is made up of 19 countries from Ireland to the west to Cyprus in the east, suffered a sizeable slowdown in the...

  • *Execs are most senior to be jailed in Ireland. Former Irish Life and Permanent Chief Executive Denis Casey was sentenced to two years and nine months following the 74- day criminal trial, Ireland's longest ever. Willie McAteer, former finance director at the failed Anglo Irish Bank, and John Bowe, its ex-head of capital markets, were given sentences of 42 months...

  • MOSCOW, July 29- Russia's largest bank Sberbank said on Friday it had completed the sale of 99.5 percent of its Slovak subsidiary Sberbank Slovensko to Penta Investments.

  • MOSCOW, July 29- Russia's largest bank Sberbank said on Friday it had completed the sale of 99.5 percent of its Slovak subsidiary Sberbank Slovensko to Penta Investments.

  • July 29- Credit Suisse Group AG, which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires. Switzerland's second-biggest bank has hired Charlie Buckley from rival UBS Group AG to work with company founders and entrepreneurs, according to an internal memo reviewed by Reuters on...

  • DUBLIN— Three former senior bankers were sent to prison Friday for their roles in concealing the loss of billions in deposits at the defunct Anglo Irish Bank, the biggest accounting fraud in Irish corporate history. Judge Martin Nolan told the trio— former Anglo executives Willie McAteer and John Bowe and former Irish Life and Permanent chief executive Denis...

  • DUBLIN, July 29- Three senior Irish bankers were sentenced on Friday to between two and three-and-a-half years in prison for conspiring to defraud investors, the most prominent prosecution case arising from the 2008 banking crisis. Former Irish Life and Permanent Chief Executive Denis Casey was sentenced to two years and nine months. Willie McAteer, former...

  • LONDON, July 29- Euro zone yields rose along with other global bond benchmarks on Friday, after the Bank of Japan announced new monetary stimulus that fell short of market expectations. The Bank of England meets next week and is expected to cut rates and resume buying bonds to stave off any economic fallout from the country's vote to leave the European Union last...

  • LONDON, July 29- A corporate makeover at Barclays under CEO Jess Staley showed signs of paying off on Friday as the British bank reported an improved performance in its key businesses, helping send its shares up more than 7 percent. Staley in March set out a strategy to simplify the bank's structure and seek higher shareholder returns through the sale of the bulk...

  • MILAN— The spotlight is on Italy's troubled banks as regulators prepare to release the results Friday of stress tests of EU lenders that will show how much money the country's financial sector, the most troubled in the region, needs to avoid rekindling a eurozone crisis. Banks in several countries could be shown to be financially weak, but Italy's are under...

  • Very little visibility about the future: UBS CEO

    UBS CEO, Sergio Ermotti, tells CNBC why the future for the lender isn’t looking too rosy.

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