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  • LONDON, July 28- The dollar fell against the yen on Thursday as expectations faded of the Bank of Japan delivering the radical stimulus package some had expected this week, and after the U.S. Japan's prime minister unveiled a surprisingly large 28 trillion yen stimulus package on Wednesday, putting pressure on the central bank to match it with aggressive...

  • *Q2 net profit 170 Sfr vs Rtrs poll avg loss 192 mln Sfr. ZURICH, July 28- Credit Suisse posted a surprise second-quarter net profit, confounding expectations for a third straight quarterly loss and giving a major boost to Chief Executive Tidjane Thiam's efforts to restructure Switzerland's second-biggest bank. The net profit of 170 million francs was well down...

  • LONDON— Britain's Lloyds Banking Group said Thursday it plans to eliminate 3,000 jobs and close 200 branches— the first big cuts announced since Britain voted to leave the European Union. "Following the EU referendum, the outlook for the U.K. economy is uncertain and, while the precise impact is dependent upon a number of factors including EU negotiations and...

  • Tidjane Thiam, the chief executive of Credit Suisse, told CNBC that Brexit has so far had "no impact" on its business.

  • France's biggest bank, BNP Paribas, posted a narrow increase in net profit on Thursday, as its retail bank struggled to the low interest-rate environment.

  • PARIS, July 27- BNP Paribas struggled to increase profit in the second quarter as its cash cow French retail banking business suffered a sharp fall in pretax income due to low interest rates and declining financial fees. Pretax income in domestic markets covering France, Italy and Belgium fell 2.1 percent in the second quarter despite an 11 percent fall in the...

  • TOKYO, July 28- The yen gained on Thursday on speculation that the Bank of Japan won't deliver radical stimulus this week, while the dollar took a step back after the U.S. The dollar skidded 0.5 percent to 104.92 yen, while the euro was 0.3 percent lower at 116.19 yen ahead of the BOJ's two-day policy meeting that begins on Thursday. "It seems the market is preparing for...

  • China is considering restricting investments by small banks in the rapidly growing $3.5 trillion wealth management product industry, draft rules seen by Reuters showed, as concerns grow that they are taking increasing risks. "The move is expected to slow cash inflows into the stock market, although details of how the curbs will be implemented are still void,"...

  • HONG KONG, July 28- China's yuan rose to three-week highs against the dollar on Thursday, as the central bank set another stronger midpoint to reflect weakness in global dollar index after the Federal Reserve stopped short of signaling a near-term rate rise. The People's Bank of China set the midpoint rate at 6.6597 per dollar prior to market open, firmer than the...

  • TOKYO, July 28- Asian stocks edged up on Thursday after the Federal Reserve provided an positive assessment of the world's largest economy and lifted risk sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent after briefly climbing to its highest level since August 2015. Australian shares rose 0.4 percent and Shanghai...

  • SHANGHAI, July 28- China's share indexes fell in early trade on Thursday, extending a slump from the previous session, on news that Chinese regulators are planning a clampdown on wealth management products to curb risks to the banking system. China is considering rules to restrict investments by small banks in the $3.5 trillion wealth management product...

  • TOKYO, July 28- Japan's Nikkei share average fell on Thursday morning after Wall Street ended lower and a stronger yen soured sentiment, while most investors stayed cautious amid the two-day Bank Of Japan policy meeting that ends Friday. Eyes are on the BOJ's meeting while many investors expect the central bank to expand monetary stimulus after Prime Minister...

  • *Spot gold was little changed at $1,338.87 an ounce at 0112 GMT. Bullion on Wednesday touched a high of $1,342.18, its best since July 14. *Japan's prime minister unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus...

  • TOKYO, July 28- Asian stocks edged up early on Thursday after the Federal Reserve provided an positive assessment of the world's largest economy and lifted risk sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent, climbing to its highest level since August 2015. Asia was unable to take a strong lead from Wall Street, where...

  • THURSDAY, JULY 28 KIEV- National Bank of Ukraine monetary policy meeting- 0700 GMT. COLOMBO- Central Bank of Srilanka monetary policy committee meeting- 1230 GMT. PRAGUE- Czech Banking Association holds a press conference on the updated macroeconomic forecast- 0800 GMT.

  • STUART, Fla. _ Seacoast Banking Corp. of Florida on Wednesday reported second-quarter earnings of $5.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Three analysts surveyed by Zacks expected $43.6 million.

  • Entities that want to become banks need FDIC approval since it provides deposit insurance. "That's a growth trajectory that the FDIC traditionally hasn't been comfortable with," Cagney said. FDIC spokesman David Barr declined to comment.

  • Entities that want to become banks need FDIC approval since it provides deposit insurance. "That's a growth trajectory that the FDIC traditionally hasn't been comfortable with," Cagney said. FDIC spokesman David Barr declined to comment.

  • *Wall Street mixed after Fed decision. NEW YORK, July 27- The yen eased against the dollar on Wednesday after Japan unveiled a surprisingly large $265 billion stimulus package, while U.S. equity markets mostly declined following the Federal Reserve's decision to leave interest rates unchanged. The Fed's statement was broadly constructive about the economy...

  • SAO PAULO, July 27- The Brazilian real and Bovespa stock index were stable on Wednesday, after a session in which traders were attentive to a meeting of U.S. Markets were mostly untroubled by news that Japan will announce a $265 billion stimulus package next week, ramping up pressure for the central bank to announce complementary monetary easing following a...

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