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  • *Vicenza IPO emerges as test of confidence in Italy banking. MILAN, April 21- Italy's Banca Popolare di Vicenza faces existing and potential legal claims of 1.65 billion euros from clients who allege it mislead them into buying its shares, potentially complicating a state-backed rescue of the struggling bank. However, the legal claims facing Vicenza,...

  • HONG KONG/ BENGALURU, April 21- Bad debts at Asian banks have climbed to their highest since the global financial crisis and the trend will likely worsen as regional economies battle against China's slowdown and volatile oil and commodities prices, a Reuters data analysis shows. "We expect asset quality to weaken and bad loans to increase... the key factor we see is...

  • LONDON, April 21- The euro steadied on Thursday, trading at around $1.13, as investors adjusted positions before a policy meeting by the European Central Bank where it is widely expected to hold interest rates unchanged at record lows. President Mario Draghi is likely to drive home the case for ultra-loose monetary policy, but any hint that current policy...

  • TOKYO/ SYDNEY, April 21- The euro wavered on Thursday, well off its overnight peak as investors adjusted position ahead of a policy meeting by the European Central Bank later this session. The ECB is widely expected to hold interest rates unchanged at record lows, but President Mario Draghi is likely to drive home the case for ultra-loose monetary policy.

  • SHANGHAI, April 21- The yuan eased against the dollar on Thursday, after the central bank fixed a softer midpoint as the dollar index pulled away from an eight-month trough. The dollar index, which tracks the greenback against a basket of major currencies, rose 0.5 percent overnight as the euro wobbled in the lead up to a policy meeting by the European Central Bank,...

  • SYDNEY, April 21- Australia's biggest banks on Thursday promised unprecedented reforms to protect consumers and boost transparency following revelations of misconduct and ahead of a federal election set to be fought partly over calls for tougher sector oversight. The politically charged announcement is the first co-ordinated industry-wide step by...

  • SYDNEY, April 21- Australia's biggest banks on Thursday announced measures to protect consumers and increase transparency following a series of revelations about misconduct and ahead of a federal election set to be fought partly over calls for tougher sector oversight. The package includes reviewing product sales commissions, supporting...

  • SYDNEY, April 21- The euro remained on the defensive early on Thursday, having made an about-face as investors adjusted positions in the lead up to a policy meeting by the European Central Bank. The ECB is widely expected to hold interest rates unchanged at record lows, but President Mario Draghi is likely to drive home the case for ultra-loose monetary policy.

  • OTTAWA, April 20- It could take Canada's economy more than three years to recover from a shock caused by low oil prices, Bank of Canada Governor Stephen Poloz told the Senate banking committee on Wednesday. The comments were among the most specific the Bank of Canada has made about how long Canada- a major energy exporter- will need to fully adjust to a sharp fall in...

  • LONDON, April 20- Investors holding Mozambique's recently restructured' tuna bond' are demanding answers from the government and its bankers over what the International Monetary Fund says are previously undisclosed loans that could exceed $1 billion. The revelations have rocked the relationship between one of the world's poorest countries and the...

  • Pedestrians walk past the New York Stock Exchange in New York.

    A large percentage of New York voters think Wall Street hurts the economy more than it helps. Does Wall Street have an image problem?

  • *More than 1,000 Americans waged long legal fight with Iran. WASHINGTON, April 20- The U.S. Supreme Court on Wednesday ruled that almost $2 billion in frozen Iranian assets must be turned over to American families of people killed in the 1983 bombing of a U.S. Marine Corps barracks in Beirut and other attacks blamed on Iran. The court's 6-2 ruling dealt a setback to...

  • MILAN/ LONDON, April 20- European shares rose on Wednesday, helped by a late rally in crude oil prices and gains among banking stocks. "Overall, it was not exactly a solid report but good enough to keep the bears at bay, at least for the time being," said Fawad Razaqzada, analyst at Gain Capital in London. Traders cited no specific trigger behind the reversal but said there...

  • WASHINGTON, April 20- Republican presidential candidate Donald Trump would be inclined to replace Federal Reserve Chair Janet Yellen if he wins the White House despite supporting the U.S. central bank's efforts to keep interest rates low, he told Fortune magazine. In his interview, Trump said he "absolutely" backed efforts to diminish the Fed's power and allow...

  • MOSCOW, April 20- A source closed to Russia's second-largest bank VTB said on Wednesday that the bank was assured by Mozambique's finance ministry that all its financing were disclosed to the International Monetary Fund.

  • April 20- The Federal Reserve should beef up its controls over embargoed economic information given to news outlets, the U.S central bank's internal watchdog said on Wednesday in a 38- page report dated April 15 and released publicly on Wednesday. The audit of the central bank's procedures by the board's Office of Inspector General covered a period both...

  • Corey Young, a founder of courier service CannaRabbit LLC, delivers bags of marijuana to a dispensary in in Louisville, Colorado, U.S., on Friday, March 27, 2015. CannaRabbit and peers are rushing in as regional truckers and nationwide haulers United Parcel Service Inc. and FedEx Corp. steer clear of transporting marijuana on concerns over the lack of nationwide clearance of a practice that is still illegal in most states.

    As more and more states legalize marijuana, banks are caught between serving pot businesses and federal law.

  • WASHINGTON, April 20- Republican presidential candidate Donald Trump said he would be inclined to replace Federal Reserve Chair Janet Yellen if he is elected U.S. president in the November election despite supporting the central bank's low interest rates, he told Fortune magazine. Yellen, the most powerful figure in world finance, took office in February 2014...

  • *U.S. banks donated to campaign for Britain to stay in EU. LONDON, April 20- U.S. financial regulators are demanding regular updates from Wall Street banks about their contingency plans should Britain vote to leave the European Union, banking and regulatory sources told Reuters. Scenarios under scrutiny range from how their London operations would handle...

  • MILAN/ LONDON, April 20- European shares steadied around three-month highs on Wednesday as a fall in crude oil prices was offset by some solid earning updates and gains among banking stocks. "There is probably room for a short-term correction... following the lead from losses in China and in oil prices," said Alessandro Balsotti, portfolio manager at JCI Capital in...

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