Finance Banks

  • *Would create largest bank in Mideast and Africa. *Assets of $171 billion according to March 31 figures. ABU DHABI, June 16- National Bank of Abu Dhabi and First Gulf Bank have held preliminary talks on a merger, two sources with knowledge of the matter said on Thursday, in what would create the largest bank by assets in the Middle East and Africa.

  • *Steady interest rates due partly to Britain's EU vote- Yellen. June 16- Wall Street was set to open lower on Thursday, a day after the Federal Reserve's warning about an economic slowdown added to concerns of Britain's possible exit from the European Union. Fed Chair Janet Yellen sounded caution that the central bank needed to see more clear signs of economic...

  • *Nigeria in deep currency and economic crisis. ABUJA, June 16- Nigeria's central bank is "reasonably optimistic" the naira will settle at around 250 to the U.S. dollar after an initial period of weakness following a flotation on Monday, the bank's governor has said in a letter to President Muhammadu Buhari. Nigeria's central bank said on Wednesday it would begin...

  • ABU DHABI, June 16- National Bank of Abu Dhabi and First Gulf Bank have held preliminary discussions on a possible merger of the Abu Dhabi- based lenders, two sources with knowledge of the matter said on Thursday. "There's a proposal to merge the two to create one champion bank," one of the sources said. Spokespeople for NBAD and FGB, Abu Dhabi's largest and...

  • LONDON, June 16- The Bank of England escalated its warnings about the fallout from a British vote to leave the European Union next week, saying it could harm the global economy and sterling looked increasingly likely to fall further after an "Out" decision. "Through financial market and confidence channels, there are also risks of adverse spill-overs to the global...

  • June 16- U.S. stock index futures were lower on Thursday, a day after the Federal Reserve kept interest rates unchanged but warned of slowing economic growth and the repercussions of Britain's possible exit from the European Union. *Fed Chair Janet Yellen sounded caution that the central bank needed to see more clear signs of economic strength before lifting...

  • JAKARTA, June 16- Indonesia's central bank, seeing a window of opportunity after the Federal Reserve held U.S. interest rates, surprised financial markets on Thursday by cutting its main rates in a bid to lift sagging growth in Southeast Asia's largest economy. Bank Indonesia cut both of its current and future benchmark rates by 25 basis points to 6.50 percent...

  • MILAN/ LONDON, June 16 (Reuters)- European shares fell on Thursday, with banking stocks dragging regional equity indexes towards their lowest point in almost four months in a market dominated by concerns over next week's EU membership vote in Britain. A warning from the Swiss National Bank (SNB) that UBS and Credit Suisse would likely each need to raise an extra 10...

  • *Central bank aims to cut inflation to 4 pct by end-2017. ST PETERSBURG, Russia, June 16- Russia's central bank is determined to meet its inflation target and will have to keep interest rates high unless the government cuts its budget deficit, Governor Elvira Nabiullina said at the St Petersburg International Economic Forum on Thursday. Her comments highlight...

  • *VTB CEO sees lending improving in H2. MOSCOW, June 16- The Russian state's stake in VTB, the country's second biggest bank by assets, may be of interest to long-term investors ready to wait for sanctions to be lifted, VTB Chief Executive Andrei Kostin told Reuters in an interview. Selling off its VTB stake could help, but the bank itself is under Western sanctions over...

  • *Dollar/yen hits lowest since August 2014. LONDON, June 16- The yen surged by more than 2 percent against the dollar on Thursday to hit its strongest level in almost two years, after the Bank of Japan held off from expanding its monetary stimulus program. The safe-haven currency, which also hit multi-year highs against the euro and sterling, has climbed around 7...

  • ST PETERSBURG, Russia, June 16- Russia's central bank is determined to meet its inflation target and will have to keep interest rates high unless the government cuts its budget deficit, Governor Elvira Nabiullina said at the St Petersburg International Economic Forum on Thursday. The central bank last week cut its main policy rate for the first time in almost a...

  • ST PETERSBURG, Russia, June 16- The tactical aim of Russia's central bank is to clean the banking sector of weak players, Governor Elvira Nabiullina said at the St Petersburg International Economic Forum on Thursday.

  • INTERVIEW- RUSSIA'S VTB BANK CEO KOSTIN SAYS HOPES TO SEE CORPORATE LENDING IMPROVING IN H2.

  • VTB CEO SAYS IF LENDING STAGNATES BANK MAY START BUYING OUT PERPETUAL BONDS, PREFERRED SHARES BUT NO IMMEDIATE PLANS FOR NOW.

  • Credit Suisse

    UBS and Credit Suisse, will likely each need to raise an extra 10 billion Swiss francs in capital to meet new leverage requirements, says SNB.

  • *Passport system allows UK- based banks to sell services across EU. BRUSSELS, June 15- Britain's partners are stepping up warnings that if it votes next week to leave the European Union, banks and financial firms based in London could lose their money-spinning EU "passports". Germany, France, Luxembourg and Ireland would all be vying to pick up business from London in...

  • Russian servicemen march during the Victory Day parade at Red Square in Moscow, Russia, May 9, 2015.

    Russia should be part of Europe in the mid-to-long term, the head of a leading Russian commercial bank told CNBC on Thursday.

  • SHANGHAI, June 16- China's yuan was steady against the dollar on Thursday after late-trade driven solid gains the previous day when the market had wagered the U.S. The People's Bank of China set the midpoint rate at 6.5739 per dollar prior to the market open, 0.4 percent firmer than the previous fix of 6.6001, which was the weakest official fix in more than five...

  • TOKYO, June 16- The Bank of Japan kept monetary policy steady and stuck to its optimistic view of the economy on Thursday, even as renewed yen rises and slumping stock prices threaten to hurt business sentiment and derail a fragile economic recovery. The central bank maintained its pledge to increase base money, or cash and deposits in circulation, at an annual...

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