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Finance Banks

  • LONDON, Feb 13- Lloyds Banking Group is close to selecting Berlin as a European base to secure market access to the European Union when Britain leaves the bloc, sources told Reuters. Lloyds, which declined to comment, is the only major British retail lender without a subsidiary in another EU country and it would be the first major lender to commit to Berlin as a hub to...

  • NEW YORK, Feb 13- A measure of U.S. inflation expectations rose for a second straight month in January to its highest level since mid-2015, according to a Federal Reserve Bank of New York survey released on Monday that reinforced the view that interest rates would keep climbing. The survey of consumer expectations, an increasingly influential gauge of prices for...

  • MOSCOW, Feb 13- Russia's central bank said on Monday it would use auction operations to compensate for liquidity flows generated by the finance ministry buying foreign currency to replenish the country's fiscal reserves. In a regular report on liquidity, the central bank added that non-residents had partially closed their long positions in the rouble as a...

  • ASTANA, Feb 13- Kazakhstan plans to inject 2 trillion tenge into its state-owned' bad bank', the Problem Loans Fund, in order to buy distressed assets from local banks, central bank deputy chairman Oleg Smolyakov said on Monday. The International Monetary Fund said this month that resolving the issue of bad loans, some of which are yet to be recognized, is the main...

  • Bank, rescued by a group of hedge funds in 2013, has put itself up for sale as it seeks to build its capital to meet regulatory requirements

  • SHANGHAI, Feb 13- China's yuan weakened against the dollar on Monday as hopes of major U.S. tax reforms continued to boost the greenback. The People's Bank of China set the official yuan midpoint rate at 6.8898 per dollar prior to the market open, the weakest level in nearly four weeks and 79 pips softer than the previous fix at 6.8819. The dealer did not expect huge...

  • :The DBS Group Holdings Ltd. logo is displayed atop the company's DBS Asia Hub building in Singapore, on Thursday, Feb. 9, 2012.

    Stronger global oil prices have not benefited the offshore marine sector, whose troubles will weigh on Singapore banks report earnings.

  • What to make of Bendigo & Adelaide Bank's latest earnings

    Mike Hirst, MD of Bendigo & Adelaide Bank, talks about the credit environment in Australia.

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • SYDNEY, Feb 13- Australian banks seeking permission from the country's competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company's contactless payment function, removing the fees Apple charges as a bone of contention. Commonwealth Bank of Australia,...

  • The International Monetary Fund's Christine Lagarde is one of this year's attendees of the Bilderberg Meetings.

    IMF head Lagarde said she is keeping an eye on President Trump's attempt to roll back the law put in place after the financial crisis.

  • Stanley Fischer

    Fed Vice Chair Stanley Fischer cited significant uncertainty about U.S. fiscal policy, but said the Fed would be strict about its targets.

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • WASHINGTON, Feb 10- The Federal Reserve Board's top bank regulator said on Friday he would resign, giving a boost to President Donald Trump's plans to ease reforms put in place after the 2007-09 financial crisis. Daniel Tarullo, a strong regulator who was dovish on monetary policy in his seven years on the board, said in his resignation letter to Trump he would...

  • In a letter to CEO Lloyd Blankfein dated Feb. 9 and made public on Friday, Democratic Senators Elizabeth Warren and Tammy Baldwin asked for details on "lobbying" activities in the bank related to review of the Dodd-Frank Act and the Obama-era fiduciary rule on financial advice. In December, Trump appointed Gary Cohn, former Goldman president and chief operating...

  • WASHINGTON, Feb 10- The top Federal Reserve official charged with bank regulation said on Friday that he would resign, giving President Donald Trump the ability to reshape the powerful board governing the U.S. financial system just as he begins revamping and undoing reforms put in place after the 2007-09 financial crisis. Daniel Tarullo, at the Fed since 2009,...

  • In a letter to CEO Lloyd Blankfein, Democratic senators Elizabeth Warren and Tammy Baldwin asked for details on "lobbying" activities in the bank related to review of the Dodd-Frank Act and the Obama-era fiduciary rule on financial advice. In December, Trump appointed Gary Cohn, former Goldman chief operating officer, to head the White House National Economic...

  • NEW YORK, Feb 10- Wells Fargo& Co has created a team to develop artificial intelligence-based technology and appointed a lead for its newly combined payments businesses, as part of an ongoing push to strengthen its digital offerings. Wells Fargo's AI team will work on creating technology that can help the bank provide more personalized customer service...

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