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  • STOCKHOLM- Swedish Central Bank holds monetary policy meeting. Speakers:- International Monetary Fund Managing Director Christine Lagarde, Reserve Bank of India Deputy Governor Urjit Patel, Bank of Japan Deputy Governor Hiroshi Nakaso, Indonesia Finance Minister Bambang Brodjonegoro and IMF Monetary and Capital Markets Department Division Chief Ulric...

  • *Looser lending rules seen as challenge to World Bank, ADB. *World Bank, ADB, play down talk of rivalry with newcomer. BEIJING, Sept 2- China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

  • Argentine authorities locked horns with HSBC in November when they charged the bank with helping more than 4,000 clients evade taxes by stashing their money in secret Swiss bank accounts. HSBC rejected the charge, but Argentina said in March it wanted HSBC to repatriate $3.5 billion that Argentine tax authorities said the bank had moved offshore.

  • Sept 1- A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Wells Fargo& Co, Bank of America Corp and Citigroup Inc of predatory mortgage lending to black and Hispanic borrowers. District Judge William Dimitrouleas in Fort Lauderdale, Florida dismissed Miami's lawsuits. "It is clear that the harm the city claims to have...

  • Sept 1- A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Bank of America Corp, Citigroup Inc and Wells Fargo& Co of violating the federal Fair Housing Act by engaging in predatory lending. The 11th U.S. Circuit Court of Appeals said a lower court judge applied too stringent a standard in dismissing the city's claims.

  • LISBON, Sept 1- The Bank of Portugal is to start negotiations with U.S. fund Apollo Global Management on the sale of state-rescued Novo Banco after exclusive talks with China's Anbang Insurance Group Co were unsuccessful, two sources familiar with the talks said. The Bank of Portugal said in a statement: "As no agreement has been reached, the Bank of Portugal...

  • LISBON, Portugal— Portugal is having trouble selling Novo Banco, the so-called good bank salvaged from last year's collapse of major lender Banco Espirito Santo. Novo Banco received 4.9 billion euros from a so-called bank resolution fund, a mechanism adopted during the eurozone debt crisis to support the financial sector. Also, the center-right government,...

  • DUTCH CENTRAL BANK GIVES PENSION FUNDS 12 YEARS TO RECOVER@. AMSTERDAM, Sept 1- The Netherlands' Central Bank on Tuesday gave Dutch pension funds, which including some of the largest in the world, 12 years to rectify low funding ratios. In the past, funds had been required to repair their funding ratios- their current estimated assets compared with their estimated...

  • Brian Moynihan

    Two public pension funds oppose an amendment of bylaws at Bank of America that would allow Brian Moynihan to continue as both CEO and chairman.

  • BEIJING, Sept 1- China's central bank will establish a $10 billion fund for investment in Latin American countries, it said in a statement on its website on Tuesday. The People's Bank of China said it would jointly manage the fund with policy lender China Development Bank and the country's foreign exchange regulator. The funding will come from China's foreign...

  • BEIJING, Sept 1- China's central bank will establish a $10 billion fund for investment in Latin American countries, it said in a statement on its website on Tuesday. The fund will be jointly managed by the central bank, policy lender China Development Bank and the country's foreign exchange regulator. Areas in which the fund will invest include manufacturing,...

  • Analysts are already talking about when and how the European Central Bank might extend its 1.1 trillion-euro stimulus program that has been running for the past six months in an attempt to boost the modest recovery in the 19 countries that use the euro. They say ECB President Mario Draghi will likely use his news conference Thursday to underline the bank's...

  • SYDNEY, Sept 1- Australia's central bank kept interest rates at a record low on Tuesday in a widely expected decision ahead of GDP data that is likely to show economic growth shifted a gear lower in the second quarter. The Reserve Bank of Australia left the cash rate at 2.0 percent, where it has been since May. "In Australia, most of the available information suggests...

  • SHANGHAI, Sept 1- China's yuan firmed on Tuesday as state-owned banks were suspected of selling dollars at the central banks behest, and sources told Reuters that authorities were preparing to tighten rules on forwards trading to deter speculation against the yuan, traders said. "Some state-owned banks still bought yuan in the morning trade," said a trader at a...

  • BEIJING, Sept 1- China's central bank said on Tuesday it made 60.4 billion yuan in loans to China Development Bank, a major policy bank, in August via its pledged supplementary lending policy tool. The interest rate on the PSL was at 2.85 percent, the central bank said in a statement on its website. Outstanding pledged supplementary lending stood at 906.8 billion...

  • BEIJING, Sept 1- China's central bank said on Tuesday it had extended 110 billion yuan of loans to 14 financial institutions under a medium-term lending facility in August. The new loans, with a maturity of six months at an interest rate of 3.35 percent, are intended to ensure liquidity in the banking system. The total outstanding amount of such lending facility...

  • *Exports hobbled by China, Korea's biggest market. Australia and New Zealand Banking Group cut its forecast for South Korea's 2015 economic growth by half a percentage point to 2.2 percent, which would be the slowest growth since 2009. ING cut its projection to 2.3 percent from the previous 2.5 percent. The Bank of Korea's monetary policy committee next reviews...

  • NEW YORK, Aug 31- M&T Bank Corp agreed to upgrade its mortgage lending policies to settle a lawsuit by a nonprofit group that accused the large mid-Atlantic lender of discriminatory mortgage lending practices in New York City. District Judge Katherine Forrest in Manhattan. M&T was accused of encouraging non-white testers to buy homes in lower-income or "...

  • Aug 31- Wall Street ended lower on Monday and wrapped up its worst month since 2012 after a senior Federal Reserve official heightened fears among investors of a potential U.S. interest hike in September. Fed Vice Chairman Stanley Fischer on Saturday said U.S. inflation would likely rebound as pressure from the dollar fades, allowing the Fed to raise interest...

  • *Gold eyes strongest monthly gain since January. NEW YORK/ LONDON, Aug 31- Gold steadied on Monday, bouncing up from session lows as oil prices rallied and the U.S. dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil. "It was oil that sparked the short-covering,"...

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