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  • NEW YORK, Feb 12- The dollar rose against a basket of major currencies on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, backing the possibility of the Federal Reserve continuing to raise interest rates this year. "The print is suggestive of the idea that Janet Yellen is right and most of the is right in not being overly...

  • ZURICH, Feb 12- Switzerland's banking lobby on Friday criticised the country's proposed new "too big to fail" regulation, arguing it gives Swiss financial watchdog FINMA too much discretion in enforcing the new rules. "This results in the loss of legal and planning certainty for systemically relevant institutions," the Swiss Bankers Association said in a...

  • ZURICH, Feb 12- Switzerland's banking lobby on Friday criticized the country's proposed new "too big to fail" regulation, arguing it gives Swiss financial watchdog FINMA too much discretion in enforcing the new rules. "This results in the loss of legal and planning certainty for systemically relevant institutions," the Swiss Bankers Association said in a...

  • LONDON— The latest on the turmoil in global financial markets:. A barrel of benchmark New York crude is 4.9 percent higher at $27.48. Shares in Deutsche Bank have shot up 10 percent in Frankfurt after the German lender said it would buy back more than $5 billion worth of its own bonds.

  • Coco bonds : a cause for concern?

    Simon Warner, head of fixed income at AMP Capital, explains why contingent convertible (CoCo) bonds are very risky.

  • *Sell-off in bank shares and bonds affects cost of capital. FRANKFURT, Feb 11- A protracted selloff in the shares and bonds of euro zone banks has the potential to knock the fragile economic recovery off track by raising financing costs for banks, limiting their ability to lend. It may also undo some of what the European Central Bank has been trying to do to increase...

  • Italy’s former Prime Minister, Enrico Letta says we can trust Italy’s financial system when it comes to handling non-performing loans.

  • As Italy has very low growth and very high debt, the country must continue its spending review and reduce taxes says Enrico Letta, Italy’s former Prime Minister.

  • TOKYO— European stocks rose Friday, shrugging off a bad day in Asia, as the sell-off in banking shares abated and oil prices rebounded from a 12- year low. Germany's DAX was up 1.4 percent at 8,873.93 and Britain's FTSE 100 rose 1.7 percent to 5,631.27. Shares in Germany's Commerzbank AG jumped 17 percent after it announced its first dividend since 2007 and upbeat...

  • The market is being driven by fear: CIO

    Simon Smiles, CIO of ultra high net worth at UBS, says the market environment is challenging but not dreadful.

  • A customer holds a 100 Yuan note at a market in Beijing.

    Hedge fund manager Kyle Bass' call for an imminent China banking crisis is already getting push-back, with Deutsche Bank calling it unlikely and exaggerated.

  • We need a crash: Axiom managing partner

    David Benamou, managing partner of Axiom Alternative Investments, says a crisis, like the fall in oil prices, is needed to expose the risk dispersion.

  • Negative interest rates are bad: CIO

    Giles Keating, deputy global CIO at Credit Suisse, says the current banking crisis is more similar to 1987 than to 2008 and talks about interest rates.

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    German lender posts a net profit of $211.4 million in the fourth quarter as it benefited from lower provisions for bad loans.

  • Should you worry about Europe's banks?

    Jeroen Dijsselbloem, president of the Eurogroup, discusses concerns over Europe's banking sector.

  • WASHINGTON, Feb 12- The Federal Reserve's carefully scripted decision to raise interest rates last December, and begin a return to "normal" policy, may now become a nightmare for the U.S. central bank if an economic downturn forces a return to unconventional methods. We previously studied them and decided they would not work well, "Yellen told the U.S. Senate Banking...

  • SINGAPORE, Feb 12- Singapore's DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said. Barclays managed $36 billion in private banking assets in Asia as of last year, according to a survey by industry publication...

  • SINGAPORE, Feb 12- Singapore's DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said. Barclays managed $36 billion in private banking assets in Asia as of last year, according to a survey by industry publication...

  • SYDNEY, Feb 12- Australia's central bank governor said Australia's economy should continue to grow moderately as falling mining investment is offset by growth elsewhere, although the current turmoil in global markets could scuttle this view. I don't expect that we will be able to answer that question for a little while yet, " Reserve Bank of Australia Governor...

  • *Rajan wants to integrate India into global economy, debate. MUMBAI, Feb 12- In a video conference in mid-2014, Indian central bank governor Raghuram Rajan told employees that he wanted to hire talented external candidates and improve the quality of research at the 81- year-old central bank. But in the storied halls of the Reserve Bank of India, where staff have to...

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