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  • CAIRO, March 6- Egypt's central kept bank kept the pound stable at 7.7301 pounds against the dollar at an exceptional auction on Sunday for the sale of $500 million to cover imports of strategic goods, bankers said, pumping more foreign exchange into an economy that has been starved of dollars. Egypt, which relies heavily on imports, hasn't been able to recover...

  • *Michael Mandel to be board member for retail. *Commerzbank also appoints Bettina Orlopp to board. FRANKFURT, March 6- Germany's Commerzbank has named retail banking head Martin Zielke as its next chief executive officer from May 1, as the country's second-biggest lender prepares to set medium-term targets.

  • FRANKFURT, March 6- Commerzbank has named retail banking head Martin Zielke as its next chief executive officer, taking over from current CEO Martin Blessing on May 1, Germany's second-biggest lender said on Sunday. Commerzbank Chairman Klaus-Peter Mueller said he was confident Zielke, who is 53 years old and has worked at Commerzbank since 2002, was the right...

  • LONDON, March 6- Britain's financial regulators introduce the new Senior Managers Regime on Monday to make top bankers accountable for misconduct at their companies. The reform is in response to public anger that, under the previous system, few senior bankers were punished after taxpayers had to bail out several lenders during the 2007-09 financial crisis.

  • LONDON, March 6- New rules to hold bosses responsible for wrongdoing at British banks is deterring some bankers from taking on senior management roles and even prompting big-hitters to play down their own importance, say legal and compliance experts. The Senior Managers Regime from Monday replaces a system that UK lawmakers criticised for giving illusory...

  • *Bank of Canada rates seen on hold. FRANKFURT, March 4- The European Central Bank is almost certain to ease policy next week as depressed commodity prices raise the risk of deflation, while a string of data from China will offer clues about the extent of the recent emerging market slowdown. Growth in most key economies has slowed this year as states such as China to...

  • *India striving to reform state banking sector. GURGAON, India, March 5- India will consider merging some of its more than two dozen state-run banks, the finance minister said on Saturday, as the government seeks to improve efficiency at the ailing lenders that dominate the nation's banking sector. Bankers have "strongly supported" the idea of consolidation,...

  • NEW YORK, March 4- A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank. Ranking representatives Maxine Waters of the House Financial...

  • WASHINGTON, March 4- The Federal Reserve on Friday proposed new limits on how much financial exposure the biggest U.S. banks can have to one another, part of a rulemaking process that aims to protect the system from a failing-bank domino effect in the event of a future crisis. The Fed first proposed a set of such limits in 2012, and faced backlash from the biggest...

  • March 4- A majority of Wall Street's top banks now expect the Federal Reserve to raise interest rates only two more times by the end of the year, a downgrade of earlier expectations that may presage the Fed's own revised view of its path when it meets in less than two weeks. Early in January, not long after the Fed's first rate hike in nearly a decade, Wall Street dealers...

  • NEW YORK, March 4- A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank. Ranking representatives Maxine Waters of the House Financial...

  • WASHINGTON, March 4- The Federal Reserve on Friday proposed to limit how much the largest U.S. banks lend to one another and other finance companies as regulators try to protect the system in the event of a future crisis. Banks with $250 billion or more in assets may lend no more than 25 percent of their top-tier capital to one other institution.

  • MOSCOW, March 4- Russia's central bank said on Friday it was raising minimum reserve requirements for banks' foreign liabilities by 1 percentage point to 5.25 percent, effective from April 1. As weak oil and sanctions have hit the rouble currency, the central bank has taken drastic measures, including hiking the benchmark interest rate in December 2014 to 17...

  • European mining stocks cut losses

    CNBC's Simon Hobbs discusses what's moved in the European markets today including banks, mining and oil.

  • COPENHAGEN, March 4- Capital requirements for Danish mortgage banks will probably be tightened when the European Union adapts proposals from the Basel Committee on Banking Supervision, Denmark's business minister Troels Lund Poulsen said on Friday. Poulsen met with EU Commissioner for Financial Stability Jonathan Hill in Copenhagen on Friday.

  • *Basel sees neutral impact on capital for most banks. "The proposals are an important step towards completing the post-crisis reforms during the current year," Stefan Ingves, Basel Committee chairman and governor of Sweden's central bank said in a statement. Basel, in a second public consultation, proposed ditching the use of models altogether.

  • BANKS CUT CREDIT LINES TO TRADERS SHIPPING FOOD TO YEMEN- BANKING AND TRADING SOURCES.

  • WASHINGTON, March 4- U.S. employment gains surged in February, the clearest sign yet of labor market strength that could further ease fears the economy was heading into recession and allow the Federal Reserve to gradually raise interest rates this year. Nonfarm payrolls increased by 242,000 jobs last month, the Labor Department said on Friday.

  • *Average hourly earnings fall three cents. WASHINGTON, March 4- U.S. employment gains surged in February, the clearest sign yet of labor market strength that could further ease fears the economy was heading into recession and allow the Federal Reserve to gradually raise interest rates this year. Nonfarm payrolls increased by 242,000 jobs last month, the Labor...

  • BANGKOK/ HONG KONG, March 4- Thailand's Berli Jucker Pcl has tapped foreign banks including BNP Paribas as well as domestic lenders to raise $6.2 billion for its acquisition of Big C Supercenter, putting it on track to successfully meet a March 31 financing deadline. Berli, the core retail business of Thai tycoon Charoen Sirivadhanabhakdi, won a hotly contested...

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