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  • Declan Garrity

    Barclays analyst Declan Garrity had been due in court for arraignment on charges he abused his roommate's cat.

  • The quarter brought the third consecutive decline in cross-border bank credit, which saw its outstanding stock decline to $26.4 trillion as of the end of December. Overall, cross-border lending fell by $650 billion for the quarter, of which $267 billion of that was a decline in lending to banks in the euro area, the BIS said. Lending to residents of mainland China...

  • NEW YORK, April 21- Oil prices slipped on Thursday on further evidence of oversupply and a stronger dollar, while the euro eased against the U.S. dollar after European Central Bank President Mario Draghi pledged to keep monetary policy loose. U.S. stocks fell in afternoon trading in New York after mixed earnings from companies including Verizon Communications,...

  • *Central Bank holds rates at rock bottom. FRANKFURT, April 21- The head of the ECB robustly defended its cheap money policy on Thursday against sharp criticism from Germany, as the country's leader entered a debate that has driven a wedge between the euro zone's central bank and its biggest economy. Speaking to reporters after the bank's governing council held...

  • TORONTO, April 21- Trading activity in North America's first yuan hub, Toronto, has fallen short of the heightened levels expected at its launch and local banks should be doing more to spur growth, an Industrial and Commercial Bank of China executive said. Canada's trade with China was $85 billion in 2015, according to the Asia Pacific Foundation of Canada's...

  • NEW YORK, April 21- The euro turned lower against the U.S. dollar on Thursday after ECB president Draghi pledged to keep monetary policy loose, while oil prices slipped on further evidence of oversupply and a stronger dollar. The euro fell as traders looked past the European Central Bank meeting and weighed the potential for a more hawkish Federal Reserve next...

  • LONDON, April 21- The European Union will propose changing the bloc's rules on bank capital requirements to ease the burden on smaller lenders in a bid to boost growth, EU financial services chief Jonathan Hill said on Thursday. Such moves towards more "proportional" rules for smaller lenders have been long-called for by industry and supported by governments in...

  • NEW YORK, April 21- The euro reversed to trade lower against the dollar on Thursday after traders looked past a European Central Bank meeting and weighed the potential for a more hawkish Federal Reserve next week, while the yen rebounded on flagging risk appetite. The euro was last down 0.12 percent against the dollar at $1.1280, near a session low of $1.1271, after...

  • Mickey Mouse (L)rides on a golden Dumbo with Caroline Sunshine age nine, on the Disney 50th anniversary press preview day at Disneyland in Anaheim, CA,

    Orange County, still paying off debt from its 1994 bankruptcy filing, hopes to issue its first long-term bond sale in nearly a decade.

  • *Central bank struggles to curb black market. *With a little innovation, traders still thrive. CAIRO, April 21- Egypt's war on black market currency traders is not going to plan.

  • April 21- New York state's financial regulator has told 13 foreign banks doing business there to hand over details about their dealings with a law firm in Panama that helped set up thousands of shell companies, a person familiar with the matter confirmed. The move by the New York Department of Financial Services came weeks after the International Consortium of...

  • FRANKFURT, April 21- There is ongoing growth in the euro zone economy and this should continue, European Central Bank President Mario Draghi said on Thursday. "We expect the economic recovery to proceed," Draghi told a news conference, although he added that global risks and a low pace of reform by governments within the currency bloc were weighing.

  • LONDON, April 21- This year's 65 percent rebound in oil prices mirrors 2015' s premature recovery but if sustained it will lift headline inflation rates with many central banks ever deeper into emergency deflation-fighting mode. "Central bank policy operates with a lag of around 18 months so the principal concern should be where's inflation going to be in 18...

  • *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...

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