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  • MONDAY, JUNE 26 ULTIMO, NEW SOUTH WALES, Australia- Federal Reserve Bank of San Francisco President John Williams speaks on "Speed Limits and Stall Speeds: Fostering Sustainable Growth in the United States" before the University of Technology Sydney Seminar- 0510 GMT. SYDNEY, Australia- Federal Reserve Bank of San Francisco President John Williams speaks on "The...

  • LISBON, SINTRA, Portugal- European Central Bank President Mario Draghi speaks in Lisbon and Sintra. **SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. **SINTRA, Portugal- ECB Executive board member Peter Praet chairing a panel "...

  • LISBON, SINTRA, Portugal- European Central Bank President Mario Draghi speaks in Lisbon and Sintra. **SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. **SINTRA, Portugal- ECB Executive board member Peter Praet chairing a panel "...

  • FRANKFURT, June 24- German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank to U.S. private equity firm Apollo for 300 million euros. Allianz, which announced the sale agreement on Friday, had said last September it was exploring options for OLB, Germany's largest regional private bank by assets.

  • MILAN/ FRANKFURT, June 23- The European Commission on Friday gave preliminary approval for an Italian plan to wind down two ailing Veneto- based regional lenders with state money in a move that may allow Rome to solve its latest banking crisis on its own terms. Italy plans to start liquidation proceedings for Banca Popolare di Vicenza and Veneto Banca on Saturday,...

  • FRANKFURT, Germany— The European Central Bank has pulled the plug on two troubled Italian banks, sending them into insolvency proceedings as it pushes ahead with efforts to clean up weak banks holding back the economy. The two banks, Veneto Banca and Banca Popolare di Vicenza, have struggled to overcome high levels of loans that were not being paid back.

  • FRANKFURT, June 23- Italian lenders Veneto Banca and Banca Popolare di Vicenza are failing or likely to fail and will be wound down, the European Central Bank ruled on Friday. "The ECB had given the banks time to present capital plans, but the banks had been unable to offer credible solutions going forward," the ECB said. "Consequently, the ECB deemed that both banks were...

  • OTTAWA, June 23- Unexpectedly cool Canadian inflation data released on Friday make it hard for the Bank of Canada to justify hiking interest rates in the next month or two, but analysts expect policymakers to stay hawkish amid concern that rates have been low too long. With the U.S. Federal Reserve and Bank of England among central banks tightening or biased...

  • NEW YORK, June 23- The dollar fell against a basket of major currencies on Friday, recording its biggest one-day fall in three weeks, on persistent doubts whether the Federal Reserve would raise interest rates again this year due to softening inflation data. Sterling rose for a third consecutive day after soon-to-depart Bank of England policymaker Kristin...

  • Lloyd Blankfein, CEO and Chairman of Goldman Sachs.

    Analysts roundly expect a substantial increase in cash payouts this year compared with 2016.

  • SAO PAULO, June 23- Yields paid on Mexican interest-rate future contracts fell on Friday after the central bank signaled it would not increase borrowing costs any longer. While there is merit in arguments that real rates may be already quite high, Mexico is still not out of the inflation woods. " Oil-heavy Colombia's peso firmed 0.6 percent.

  • James Bullard

    The Fed should wait on any rate increases until inflation is clearly heading to the Fed's 2 percent target, St. Louis Fed President says.

  • NASHVILLE, Tenn. June 23- The Federal Reserve should wait on any further rate increases until it is clear inflation is reliably heading to the Fed's 2 percent target, St. Louis Fed President James Bullard said on Friday, highlighting the central bank's struggle over how to weigh a recent slip in the rate of price increases. "Recent inflation data have surprised to...

  • The source was quoting from a report on the impact of Brexit on companies and investors commissioned by the Association for Financial Markets in Europe, a banking industry lobby group, and compiled by the Boston Consulting Group. The report, due to be published next month and could still be changed, surveyed officials from more than 60 companies, most of which...

  • *Europe sitting on nearly 1 trillion euros of bad loans. PRAGUE, June 23- With little support for a European Union- backed bad bank to clean up the huge pile of soured loans in Europe, national authorities should at least get a common blueprint to deal with the problem, the banking sector watchdog's head said on Friday. It received a cool reception, including from EU...

  • LONDON, June 23- The cool shade of the hills above Lisbon will offer leading central bankers an escape from the summer heat in the coming week, but there is little they can do to get away from their differing monetary policy conundrums. The highlight of the European Central Bank's "Forum on Central Banking" in Sintra-- the old getaway of Portuguese monarchs-- is likely...

  • BERLIN, June 23- Adyen, one of Europe's biggest fintech companies, has taken a pan-European banking licence that allows it to bypass banks and process cross-border payments directly for its merchant customers, including many of the world's top ecommerce firms. Chief Executive Pieter van der Does said on Friday that his Amsterdam- based company was awarded a...

  • BERLIN, June 23- Adyen, one of Europe's biggest fintech companies, has taken a pan-European banking license that allows it to bypass banks and process cross-border payments directly for its merchant customers, including many of the world's top ecommerce firms. Chief Executive Pieter van der Does said on Friday that his Amsterdam- based company was awarded a...

  • *Commission recommends fund should become separate entity. OSLO, June 23- Norway's $960 billion wealth fund, the world's largest, should be split from the country's central bank, which has managed the fund since its launch in 1996, a government-appointed commission said on Friday. "Both central banking and investment management place greater demands on the...

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