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Finance Banks

  • By Shu Zhang and Matthew Miller. BEIJING, March 8- A $1.44 billion restructuring deal at an insolvent coal mining company in eastern Shandong province offers a glimpse into how China is preparing to tackle a corporate debt burden that has ballooned to $17.9 trillion. Loss-making Feicheng Mining Group struck the deal last December with 10 banks, led by...

  • ZAGREB- Croatia National Bank monetary policy meeting. MANILA- Philippine Central Bank Governor Amando Tetangco to deliver keynote speech at an awards night for the country's fixed income trading platform, at the Makati Shangri-La Hotel- 1000 GMT. LIMA- Central Bank of Peru interest rate decision.

  • NEW YORK, March 7- Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of "old school" sequential interest rate hikes until "something breaks," such as a U.S. recession. Gundlach, who oversees more than $101 billion at Los Angeles- based DoubleLine, said U.S. economic data support...

  • NEW YORK/ SAN FRANCISCO, March 7- Early last week, financial markets saw just a 30 percent chance of the Federal Reserve raising interest rates in March; but by Friday after a striking series of comments from Fed officials, including Chair Janet Yellen, traders saw an 80 percent chance. "We didn't clearly see how the balance of risks was shifting, so they have to slap our...

  • President Donald J. Trump waves as he walks across the South Lawn towards the White House on March 5, 2017 in Washington, DC.

    Analysts at Goldman Sachs envision banks increasing dividends by 45 percent on average through 2018.

  • KIEV, March 7- Ukraine's central bank said on Tuesday it was likely to recommend the introduction of sanctions on the local subsidiary of Sberbank over the Russian lender's decision to recognise passports issued by separatists in eastern Ukraine. On Tuesday, Kremlin-owned Sberbank said it would comply with an order from President Vladimir Putin in February...

  • NEW YORK, March 7- A measure of major stock markets around the globe slipped on Tuesday, with the Dow and S&P 500 on pace for their first back-to-back losses in more than a month, while expectations the Federal Reserve will raise interest rates supported the U.S. dollar. The U.S. dollar edged up 0.15 percent against a basket of six major trading currencies, rising 0.35...

  • President Donald Trump walks to the Oval Office after arriving back at the White House.

    President Donald Trump and Wall Street have a complicated relationship.

  • GENEVA, March 7- Ford's European credit arm FCE said on Tuesday it was considering applying for a German banking licence alongside its current British one, because the future of passporting is uncertain after Britain leaves the European Union. Passporting allows for any financial firm to serve the whole EU region from a single base, cutting costs and red tape.

  • GENEVA, March 7- Ford's European credit arm FCE said on Tuesday it was considering applying for a German banking license alongside its current British one, because the future of passporting is uncertain after Britain leaves the European Union. Passporting allows for any financial firm to serve the whole EU region from a single base, cutting costs and red tape.

  • FORD'S CREDIT ARM FCE SAYS CONDUCTING STUDY AND MAY APPLY FOR BANKING LICENSE IN GERMANY IN ADDITION TO CURRENT UK LICENCE DUE TO BREXIT.

  • White House Chief Strategist Stephen Bannon speaks at the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, February 23, 2017.

    The Trump team may push for an exit from global banking agreements. Be wary: Economic nationalism can lead to global banking chaos.

  • LONDON, March 7- New Bank of England Deputy Governor Charlotte Hogg came under fire from the central bank's supervisors and lawmakers on Tuesday, after she admitted failing to declare to the central bank a potential conflict of interest from her brother's role at Barclays, a major bank overseen by the BoE. Hogg joined the BoE in 2013 and was named as a deputy...

  • LONDON, March 7- New Bank of England Deputy Governor Charlotte Hogg said she had failed to declare correctly to the central bank a potential conflict of interest due to her brother's employment at Barclays, a major bank which is overseen by the BoE. Hogg said the chairman of the BoE's Court of Directors- the central bank's internal supervisory body- had concluded...

  • LONDON, March 7- Gold hit a three-week low on Tuesday as expectations for a U.S. interest rate hike this month weighed, but moves were muted as markets awaited U.S. data this week and more pointers on the Trump administration's economic plans. were down $1.80 an ounce at $1,223.70. Federal Reserve Chair Janet Yellen that the Fed was poised to lift benchmark U.S. rates...

  • *Santander to sell 25 pct of Allfunds Bank for 470 mln euros. MADRID/ MILAN, March 7- Spain's Santander and Italy's Intesa Sanpaolo said on Tuesday they had agreed to sell a joint 75 percent stake in mutual fund platform Allfunds Bank for around 1.37 billion euros to funds GIC and Hellman& Friedman. Allfunds is a business-to-business operation which provides...

  • European regulators usually slow to react: Erste CEO

    Erste Group Bank CEO Andreas Treichl weighs in on whether he believes President Donald Trump will be good on the banking sector.

  • BEIJING, March 7- China's central bank said on Tuesday it lent 194 billion yuan to 12 financial institutions via its medium-term lending facility. Interest rates on the MLF loans were unchanged at 2.95 percent for six-month loans and 3.1 percent for one-year loans, the People's Bank of China said on its official weibo account. The central bank lent 88.5 billion...

  • SYDNEY, March 7- Australia's central bank held rates steady on Tuesday, a widely expected decision given policymakers recently signalled a steady outlook for much of the year ahead. It was last up 0.5 percent at $0.7619 after dropping to a more than one-month low of $0.7598 this week. "Today's RBA statement reveals a central bank pleased with both the improving...

  • *France's Fillon wins party backing for presidential election. TOKYO, March 7- The dollar steadied on Tuesday as investors widely expect the Federal Reserve to raise interest rates next week and are waiting for clues on the likely pace of hikes, including this week's U.S. job data. Fed Chair Janet Yellen said on Friday raising interest rates this month would be...

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