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Finance Banks

  • TOKYO, Dec 22- Sumitomo Mitsui Financial Group is studying sites for a new banking headquarters in Europe, its president said, joining global peers looking for alternatives to London in the wake of Britain's vote to quit the European Union. Japan's third-largest banking group however was keeping its options open and could stay in London depending on how much...

  • *4 bln euro extra impact on banks- Bank of Spain source. MADRID, Dec 21- Spanish banks must repay customers more than 4 billion euros after Europe's top court unexpectedly overturned a Spanish ruling that capped liabilities relating to a disputed mortgage clause, posing a new challenge to some lenders. Banks will have to compensate customers for what they lost...

  • LONDON, Dec 21- The European Union banking sector has complied with new liquidity rules ahead of a 2018 deadline and no extra time is needed to plug an 11 billion euro shortfall at a few banks, the bloc's watchdog said on Wednesday. The European Banking Authority said that at the end of December 2015, the EU bank sector's average LCR was 134 percent, meaning the sector...

  • ROME/ MILAN, Dec 21- Italy's parliament gave the green light on Wednesday for a 20 billion euro plan to prop up the country's weaker banks, starting with a bailout as early as this week for the third largest, Monte dei Paschi di Siena. A failure of Monte dei Paschi would rock Italy's banking system, the euro zone's fourth largest. Italy's debt burden, at about 133 percent...

  • BMPS shares slammed on liquidity warning

    The world's oldest bank is warning liquidity will dry out in four months instead of the eleven months it has previously forecast, reports CNBC's Claudia Pensotti.

  • Outlook for global investment banks is stable: Moody's

    Andrea Usai, senior vice president of the financial institutions group at Moody's, discusses his organization's ratings of various European banks.

  • Rally has further to run in 2017

    Nicholas Davidson, equities senior portfolio manager at AllianceBernstein, discusses investment in the European banking sector.

  • BMPS' capital hike will not go through - looking quite grim at this point

    Claudia Pensotti of Italy's Class CNBC discusses last-ditch plans to save the world's oldest bank, Monte dei Paschi di Siena.

  • Troubled waters ahead for BMPS

    Richard Lewis, head of global equities at Fidelity, reacts to the latest news about BMPS and the challenges the Italian bank faces.

  • STOCKHOLM, Dec 21- Sweden's central bank held rates unchanged and extended its quantitative easing programme as expected on Wednesday, but the board was evenly split with three members wanting either no further stimulus or smaller bond buys. The division forced Governor Stefan Ingves to use his casting vote in favour of the more aggressive easing option, the...

  • STOCKHOLM, Dec 21- Sweden's central bank held its benchmark rate at -0.50 percent and extended its quantitative easing programme on Wednesday, saying it did not expect rates to start rising until the beginning of 2018.. It extended bond purchases by 30 billion crowns. The Riksbank had been widely expected to hold rates and extend bond buys mirroring a similar...

  • BMPS: May run out of liquidity in 4 months

    Italian bank BMPS has warned that it would run out of cash at a faster pace than previously forecast. Class CNBC’s Claudia Pensotti reports.

  • Italian lender says it now expected its 10.6 billion euro liquidity position to turn negative after four months.

  • JPMorgan Chase & Co. bank branch

    COMCO concluded US banking giant operated a cartel with Royal Bank of Scotland with the aim of influencing the Swiss franc LIBOR benchmark.

  • The move represents the most high-profile challenge to supervision from Frankfurt to date.

  • *Italy proposes bank rescue plan. LONDON, Dec 20- Optimistic signals from two of the world's most influential central banks and a rescue plan for Italy's ailing lenders halted sharp falls in euro zone government bond yields on Tuesday. Nerves around a faltering private sector recapitalisation for Italian lender Monte dei Paschi and apparently politically...

  • WASHINGTON, Dec 20- Large U.S. banks raised their own risks by pushing down lending standards for a fourth consecutive year in 2016, one of the top federal banking regulators said on Tuesday. The banks loosened underwriting standards mostly in direct consumer loans, conventional home equity, commercial real estate loans, and residential mortgages, the Office...

  • SAO PAULO, Dec 20- Brazilian stocks rose on Tuesday after the nation's central bank announced measures to reduce credit costs, boosting financial institutions' shares. Shares of lenders Itaú Unibanco Holding SA, Banco do Brasil SA and Bradesco SA advanced more than 2 percent, lifting the country's benchmark Bovespa stock index up 1 percent.

  • A man walks past Deutsche Bank offices in London.

    While Deutsche Bank has made great strides to rebuild its credibility, Germany's biggest bank has still got mountains to climb.

  • KIEV, Dec 20- The Ukrainian banking system has enough liquidity and there are no substantial outflows of deposits expected from PrivatBank, the central bank's deputy governor said on Tuesday. Ukraine declared PrivatBank, the country's largest lender, insolvent on Monday and took it under state control. Deputy Governor Oleg Churiy told a news conference that...

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