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  • *Commerzbank shares indicated up 2.2 percent. FRANKFURT, Aug 3- Commerzbank's second-quarter net profit more than doubled thanks to strong retail banking activities, and the German lender announced its first dividend since 2007.. Commerzbank, a household name in Germany which finances more than a third of the nation's exports, is more than half way through a...

  • HONG KONG— HSBC Holdings PLC, Europe's biggest bank, said Monday that strong performance in Asia helped to boost first-half profit by 10 percent. Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve...

  • SHANGHAI, Aug 3- China's yuan barely moved against the dollar on Monday after the central bank fixed its guidance rate little changed, while a fresh survey showing that the Chinese factory activity remained weak had no immediate impact on trading. The People's Bank of China set the midpoint rate at 6.1169 per dollar prior to market open, compared with the...

  • HONG KONG, Aug 3- HSBC Holdings reported a 10 percent increase in earnings for the first half of the year, boosted by bumper profits in Hong Kong as the lender considers whether to move its headquarters from London to the Asian hub. HSBC also announced the sale of its Brazil unit to Banco Bradesco SA, the country's second-biggest private-sector bank, for 17.6...

  • BEIJING, Aug 3- China's central bank injected 292.9 billion yuan into banks in July to boost lending, it said on Monday, in yet another step to bolster growth in China's cooling economy. A total of 250 billion yuan of six-month medium-term lending facility were injected into unidentified financial institutions. A separate 42.9 billion yuan of pledged...

  • Aug 2- The Greek stock market will reopen on Monday after a five-week shutdown brought on by capital controls imposed at the height of the cash-for-reforms crisis with international lenders. The rules have been approved by the European Central Bank to avoid a new deposit flight from Greek banks. Local investors, like all Greeks, will not be allowed to withdraw...

  • Greece may seek up to $26B new aid: Report Saturday, 1 Aug 2015 | 1:14 PM ET
    People wait to enter a bank branch as Greek banks reopened on Monday morning after three weeks of closure on July 20, 2015 in Athens, Greece.

    Greece may seek $26 billion in a first tranche of bailout aid in August to prop up banks and repay debts to the ECB, according to a Greek newspaper.

  • DENVER— A Colorado credit union is hoping a federal judge will intervene to let the booming marijuana industry move its finances from cash-stuffed suitcases to the regulated banking system. Federal Reserve and the National Credit Union Administration to deny applications from Fourth Corner Credit Union. But many large banks considered the guidelines...

  • ATHENS, July 31- Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight, a bourse spokeswoman said on Friday. The Athens Stock Exchange has been shut since June 29, when the government closed banks and imposed strict limits on withdrawals and...

  • ATHENS, July 31- Greece will make it a priority to recapitalise the nation's banks by the end of this year, probably using a bail-out fund to plug capital shortfalls, a Greek central bank official told Reuters on Friday. "It is most likely that the recapitalisation will occur like the last one, through a bank bailout fund," he said, referring to a previous cash injection...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest. Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard, where he was a partner, after he joins the BoE's...

  • FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said. Deutsche Bank has been hit with over 9 billion euros in fines and settlements in the past three years, including a...

  • LONDON, July 31- Steep falls in emerging market currencies have jolted central bankers across the developing world into action to try and stem the weakness. A JPMorgan index tracking 22 emerging market currencies traded at a record low 71.3 on Friday, and with the U.S. "Central bankers in emerging markets are finally waking up to the fact their currencies may test...

  • FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for its executive board as it examines whether some managers could have done a better job at avoiding problems that led to expensive litigation, a person familiar with the matter said. The bonus freeze hits all members of the management board except Deutsche Bank's new Chief Executive John Cryan,...

  • WARSAW, Poland— A Polish court is looking into the management of a popular credit union after an audit revealed it is in the red. The Constitutional Tribunal is analyzing whether regulations running the SKOK credit union ensure the security of deposits made by some 2 million of its members. Last week Finance Minister Mateusz Szczurek said that the entire SKOK is...

  • NEW YORK, July 31- As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market are not waiting around. Banks, money market mutual funds and other investors do not want to be stuck with low-yielding debt when the U.S. central...

  • BEIJING, July 31- China plans to set up a state-backed credit guarantee firm to offset some of the risks faced by banks and spur lending where it is needed in a cooling economy, the cabinet said on Friday. As in other countries, small businesses in China have a hard time getting loans from banks as they are deemed to be riskier borrowers than their bigger peers.

  • Who needs the Fed? The rate hike cometh on its own Friday, 31 Jul 2015 | 8:00 AM ET

    NEW YORK, July 31- As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market aren't waiting around. Banks, money market mutual funds and other investors want to avoid being stuck with low-yielding debt when the U.S....

  • MILAN— Second-quarter earnings at Italian bank Intesa SanPaolo more than quadrupled thanks to lower provisions amid signs of economic recovery and an improved credit market. Italy's second-largest bank by assets reported Friday net income of 940 million euros for the quarter, up from 217 million euros in the same period last year. Intesa SanPaolo said it...

  • Russia's central bank cuts key interest rate Friday, 31 Jul 2015 | 7:09 AM ET

    MOSCOW— The Russian central bank cut its key interest rate by 0.5 percentage points to 11 percent on Friday, bowing to the pressure of businesses to make lending more accessible. Moscow- based investment bank Sberbank CIB said in a note to investors that Friday's 0.5 percentage cut is not as big as anticipated, indicating that the central bank wants to "play it safe"...

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