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Finance Banks

  • WASHINGTON, March 24- The Federal Reserve is not trying to push inflation higher to compensate for years of weak price increases, but aiming instead to ensure its 2 percent target is viewed credibly, San Francisco Fed President John Williams said on Friday. Fed officials' recent statements that the U.S. central bank was willing to allow above-target price...

  • MOSCOW, March 24- Russia's central bank trimmed its main lending rate on Friday and said there could now be gradual easing as inflation eases down to new post-Soviet lows. "We could have pauses, though we really see a trend towards easing, towards lowering the rate in the medium term," Central Bank Governor Elvira Nabiullina said. The bank is focused on bringing...

  • WASHINGTON, March 24- The Federal Reserve says it remitted $91.5 billion in profits to the U.S. The central bank had previously estimated in January that it would send $92 billion to the U.S. government. For 2015, the Fed sent a record $97.7 billion to the Treasury.

  • DUBLIN, March 24- Bank of Ireland Chief Executive Richie Boucher will retire before the end of the year after almost a decade in charge of the lender he guided from the brink of nationalization to lead a revival across the sector. Boucher, who joined Ireland's largest lender by assets in 2003, headed its corporate banking and retail divisions before being...

  • JOHANNESBURG, March 24- South Africa's Capitec Bank has purchased a 40 percent stake in Latvia's Creamfinance for 21 million euros, the lender said on Friday, its first acquisition outside its home market. Capitec has grown from a startup to a bank of nearly 8 million clients within 15 years in a banking sector long dominated by Barclays Africa Group, Standard...

  • WASHINGTON, March 24- Northern Trust Corp had shortcomings in its "living will" plans and has until year-end to update a proposal for how to unwind if it went bankrupt, U.S. regulators said on Friday as they granted an extension for four foreign banks to comply. The Fed and Federal Deposit Insurance Corp on Friday granted the extension and gave guidance to those four...

  • Pedestrians walk by the Northern Trust banking company's headquarters in Chicago, Illinois.

    Northern Trust had shortcomings in its 'living will' plans and will have until year-end to update its plan on how to unwind in bankruptcy, U.S. regulators said.

  • MOSCOW, March 24- Achieving low and stable inflation is the main task for her new term in office, Russian Central Bank Governor Elvira Nabiullina said on Friday. Russian President Vladimir Putin said this week he would nominate Nabiullina for a new term. Speaking at a briefing in Moscow on Friday, Nabiullina also said she hoped to finish cleaning up of the banking...

  • MOSCOW, March 24- Russia's Central Bank expects lending growth of 5-7 percent this year, Governor Elvira Nabiullina said on Friday.

  • LONDON, March 24- The Bank of England is to increase the fees it levies on the banks it regulates to meet additional costs resulting from Britain's move to leave the European Union- and may have to ask for more cash later on. The central bank's Prudential Regulation Authority published a consultation paper on Friday on its annual funding requirement for the...

  • LONDON, March 24- Emerging stocks paused on Friday ahead of a vote on a key U.S. reform that may pave the way for stimulative tax cuts, whilst the Russian rouble firmed ahead of a central bank meeting at which interest rates are expected to stay on hold. Investors are awaiting a U.S. healthcare bill vote seen as a litmus test of whether President Donald Trump can muster...

  • EXCLUSIVE-HSBC EXEC SAYS PLANS TO ADD AS MANY AS 1,000 NEW STAFF IN CHINA RETAIL BANKING AND WEALTH MANAGEMENT BUSINESS IN 2017, MOST IN PEARL RIVER DELTA.

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering center to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering centre to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • TOKYO, March 24- Toshiba Corp's main lenders are asking it to submit a bankruptcy filing for U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources. Such a move would pile further pressure on the embattled conglomerate to make a quick decision over a Chapter 11 filing after...

  • TOKYO, March 24- Toshiba Corp's main lenders are asking Toshiba to submit a bankruptcy filing for its U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources. Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd have asked that Westinghouse file for Chapter 11 so that future losses...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • SAN FRANCISCO, March 23- Dallas Federal Reserve Bank President Robert Kaplan said Thursday that the U.S. central bank should be moving "deliberately but patiently" to remove monetary policy accommodation, as long as the economy continues to make progress toward the Federal Reserve's goals.

  • After three quarters of stagnant growth, China's top five banks had some respite in the final quarter that would lead to a small earnings increase in 2016.

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