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  • COLUMBUS, Ga. Sept 23- Investors that have roiled global markets and thrown Federal Reserve policy off track should focus on the strength of the U.S. economy rather than the more remote risks of a global slowdown, Atlanta Federal Reserve bank president Dennis Lockhart said on Wednesday. His comments come a day before Fed Chair Janet Yellen delivers a...

  • NEW YORK, Sept 23- A federal appeals court on Wednesday ruled against a former bank examiner for the Federal Reserve Bank of New York who said she was fired after refusing to change her findings about Goldman Sachs Group Inc.. By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in New York said Carmen Segarra did not deserve federal whistleblower protection over her...

  • FRANKFURT/ BRUSSELS, Sept 23- Most euro zone banks directly supervised by the European Central Bank have capital levels way above minimum regulatory requirements, ECB President Mario Draghi said on Wednesday. Draghi dismissed concerns from some national central banks, such as the Bank of Italy, that asking institutions to set aside too much capital to cover...

  • ECB needs to look through oil price volatility -Weidmann Wednesday, 23 Sep 2015 | 12:11 PM ET

    FRANKFURT, Sept 23- The European Central Bank should ignore the impact of cheap oil when deciding policy and use asset purchases only as a last resort since they blur the line between fiscal and monetary policy, Bundesbank chief Jens Weidmann said. Europe should also hold off on completing its banking union unless nations are prepared to cede more sovereignty...

  • BRUSSELS/ FRANKFURT, Sept 23- Most euro zone banks directly supervised by the European Central Bank have capital levels way above regulatory requirements, ECB president Mario Draghi said on Wednesday. The ECB's Single Supervisory Mechanism took over the supervision of large euro zone banks late last year. "Most banks have already capital levels that are way...

  • Outlook for banks is relatively good: Bove Wednesday, 23 Sep 2015 | 5:30 AM ET
    Outlook for banks is relatively good: Bove

    Recent market volatility makes it extremely difficult for investors to get a grip in what’s going on, says Dick Bove, vice president of equity research at Rafferty Capital.

  • BRUSSELS/ FRANKFURT, Sept 23- The European Central Bank needs more time to assess if it will have to beef up its 1 trillion euro plus asset-buying programme, ECB President Mario Draghi said, confounding some expectations that the bank was ready to expand quantitative easing. Federal Reserve left rates on hold last week on concerns about China's economic...

  • BRUSSELS, Sept 23- The European Central Bank needs more time to assess whether to beef up its asset-buying program, ECB President Mario Draghi said on Wednesday, confounding some expectations that an expansion of quantitative easing may be imminent. Slowing emerging market growth, a stronger euro and the fall in commodity prices dampen the outlook, but more...

  • NEW YORK, Sept 23- Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, urged the U.S. central bank on Wednesday to "get off zero and get off quick" as zero-bound levels are harming the real economy and destroying insurance company balance sheets and pension funds. "Do central bankers not observe that Detroit, Puerto Rico, and soon...

  • LONDON, Sept 23- A former trader at Lloyds Banking Group who was among eight people dismissed after the bank's settlement for alleged manipulation of Libor interest rates is suing the bank for unfair dismissal, a court document showed. The hearing for John Argent will start on Oct. 5, according to a schedule for a London employment tribunal released on Wednesday.

  • MUMBAI, Sept 23- Though the Reserve Bank of India is expected to cut interest rates next week by a quarter percent to a four-year low, officials say concerns over prices make it likely to resist political pressure for significant easing in the coming months. In growing contrast with the government, which is desperate to accelerate a sluggish recovery, an...

  • ATHENS, Sept 23- Greece's top priorities in the immediate term are shoring up capital levels in the country's banks and launching discussions with lenders on debt relief, Finance Minister Euclid Tsakalotos said on Wednesday. The first review of Greece's 86 billion euro bailout program starts next month. Some European governments, particularly Germany, are...

  • LONDON, Sept 23- A former trader at Lloyds Banking Group who was among eight people dismissed after the bank's settlement for alleged manipulation of Libor interest rates is suing the bank for unfair dismissal, according to a court document. The hearing for John Argent will start on Oct. 5, a schedule for a London employment tribunal released on Wednesday said.

  • MUMBAI, Sept 23- Though the Reserve Bank of India is expected to cut interest rates next week by a quarter percent to a four-year low, officials say concerns over prices make it likely to resist political pressure for significant easing in the coming months. In growing contrast with the government, which is desperate to accelerate a sluggish recovery, an...

  • Yuan eases, but state banks seen intervening offshore Wednesday, 23 Sep 2015 | 4:12 AM ET

    SHANGHAI, Sept 23- China's yuan weakened on Wednesday as the dollar strengthened in global markets and after activity in the country's factory sector shrank unexpectedly to a 6-1/ 2- year low in September. Before the market opened, the People's Bank of China set the midpoint rate at 6.3773 per dollar, 0.08 percent weaker than the previous fix of 6.3721.

  • SHANGHAI, Sept 23- China's yuan weakened on Wednesday as the dollar strengthened in global markets while scaled-back intervention by the People's Bank of China in the onshore market has permitted the Chinese currency to soften of late, traders said. "The authorities seemed to accept a moderate depreciation of yuan more recently," said a trader at a Chinese...

  • China's yuan eases on weaker PBOC midpoint setting Tuesday, 22 Sep 2015 | 9:54 PM ET

    SHANGHAI, Sept 23- China's yuan weakened against the dollar in early trade on Wednesday after the central bank set a lower guidance rate. President Xi Jinping said that China would push forward market-based reform of its currency regime and make the yuan convertible on the capital account over time, according to an interview by the Wall Street Journal...

  • SINGAPORE, Sept 23- Gold struggled on Wednesday to recover from two days of losses as the dollar jumped to its highest in nearly three weeks on expectations the Federal Reserve would hike U.S. interest rates this year. *Spot gold was steady at $1,124.05 an ounce by 0043 GMT, after dropping 1.3 percent in the previous two sessions. *Gold also came under pressure after a...

  • DIARY-Top Economic Events to Oct 6 Tuesday, 22 Sep 2015 | 8:01 PM ET

    BRUSSELS- European Central Bank Chief Mario Draghi speaks at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of European Parliament- 1300 GMT. COLUMBUS, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Columbus Rotary Club- 1630 GMT. AMHERST, United States- Federal Reserve Chair Janet...

  • Goldman's Blankfein to work while battling cancer Tuesday, 22 Sep 2015 | 3:10 PM ET
    Goldman's Blankfein to work while battling cancer

    CNBC's Mary Thompson reports on how Goldman Sachs and CEO Lloyd Blankfein might be affected following his lymphoma diagnosis.

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