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Finance Banks

  • BRUSSELS, Oct 5- An external early warning system for companies at risk of insolvency is central to a European Commission's draft proposal to cut the region's bankruptcy problem and help banks recoup bad loans. In Western European countries, nearly 175,000 bankruptcies were recorded last year, up from 130,000 in 2007 before the financial crisis struck Europe,...

  • Oct 4 (Reuters)- Bank of Montreal, Canada's fourth-biggest lender by assets, said on Tuesday it had amended its regulatory capital ratios for the first three quarters of 2016, a move that left the bank holding more risky assets than it had reported. Canaccord Genuity analyst Gabriel Dechaine estimated that BMO's third-quarter risk-weighted assets, reported at...

  • *But bank stocks edge up, lifting Milan and Madrid markets. MILAN, Oct 5- European shares fell on Wednesday on concerns that the European Central Bank might reduce the pace of bond-buying before its asset purchase program ends, hitting utility and property stocks hardest. Bloomberg News reported late on Tuesday that the ECB will probably gradually wind down its...

  • European Commisson VP: Financial system more robust than pre-crisis

    Valdis Dombrovskis, Latvia Prime Minister and European Commission Vice President, discusses the state of the European financial system and the impact of Deutsche Bank.

  • *Says has not held talks with Geneva- based Heritage on sale. ZURICH, Oct 5- Switzerland's Falcon Private Bank is not up for sale, the bank said on Wednesday, knocking down a media report its new chief executive is under pressure to find a buyer days into the job. "Falcon Private Bank is not and was not for sale," the Zurich- based bank, owned by Abu Dhabi sovereign wealth fund...

  • BRUSSELS, Oct 5- An external early warning system for companies at risk of insolvency is central to a European Commission's draft proposal to cut the region's bankruptcy problem and help banks recoup bad loans. In Western European countries, nearly 175,000 bankruptcies were recorded last year, up from 130,000 in 2007 before the financial crisis struck Europe,...

  • WASHINGTON, Oct 5- Deutsche Bank needs to convince investors that its business model is viable in an extremely low-rate environment, a senior International Monetary Fund official said on Wednesday amid market concerns about the financial strength of Germany's largest lender. Deutsche Bank has been engulfed by a crisis of confidence since the U.S....

  • *Says has not held talks with Geneva- based Heritage on sale. ZURICH, Oct 5- Switzerland's Falcon Private Bank is not up for sale, the bank said on Wednesday, knocking down a media report its new chief executive is under pressure to find a buyer days into the job. "Falcon Private Bank is not and was not for sale," the Zurich- based bank, owned by Abu Dhabi sovereign wealth fund...

  • Construction workers pour concrete as part of a bridge expansion project in California.

    U.S. companies are parking trillions overseas, with little progress from policymakers trying to bring all that money home.

  • ZURICH, Oct 5- Switzerland's Falcon Private Bank is not up for sale, the bank said on Wednesday, knocking down a media report its new chief executive is under pressure to find a buyer days into the job. "Falcon Private Bank is not and was not for sale," the Zurich- based bank, owned by Abu Dhabi sovereign wealth fund International Petroleum Investment Co, said in a...

  • BRUSSELS, Oct 5- An external early warning system for companies at risk of insolvency is central to a European Commission's draft proposal to cut the region's bankruptcy problem and help banks recoup bad loans. In Western European countries, nearly 175,000 bankruptcies were recorded last year, up from 130,000 in 2007 before the financial crisis struck Europe,...

  • WASHINGTON, Oct 5- European banks need "urgent and comprehensive action" to address legacy non-performing loans and bloated, inefficient business models that threaten to cripple them with too-low profits, the International Monetary Fund said on Wednesday. Germany's largest lender has been engulfed by a crisis of confidence since the U.S. Department of...

  • BIRMINGHAM, England, Oct 5- British Prime Minister Theresa May said on Wednesday that there had been bad side-effects from the Bank of England's emergency measures to protect the economy since the financial crisis and the time had come for a new approach to spurring growth. "While monetary policy with super-low interest rates and quantitative easing provided...

  • *Stocks dip in Europe and Asia on ECB taper talk. LONDON, Oct 5- The prospect of the European Central Bank eventually winding down its bond-buying stimulus programme rattled investors on Wednesday, dragging stocks lower in Europe and Asia and pushing up government bond yields. Sterling, meanwhile, hit a three-decade low against the dollar, trading below $1.27 for...

  • *Banks borrow $2.8 bln from weekly auction. FRANKFURT, Oct 5- Euro zone banks borrowed $2.8 billion from the European Central Bank's emergency line on Wednesday, one of the biggest weekly take-ups since the financial crisis, as Deutsche Bank's woes and tighter U.S. rules made market funding more difficult. A euro zone central bank source said difficulties at...

  • FRANKFURT/ TOKYO, Oct 5- Stefan Moeller's firm in Frankfurt, which makes baseball caps to the customer's own design, is an unlikely embodiment of a shift in spending trends that could tear up the monetary policy rule book for advanced economies. That suggests the monetary transmission mechanism has broken down, at least in part, and that the Bank of Japan and...

  • The twin tower skyscraper headquarter offices of Deutsche Bank AG stand beyond pipework in Frankfurt, Germany, on Tuesday, Oct. 4, 2016.

    Shares of Deutsche Bank seesawed Wednesday after a report the embattled German lender was eyeing a lower settlement with U.S. authorities.

  • TOKYO, Oct 5- Former Japanese Economy Minister Heizo Takenaka said on Wednesday the Bank of Japan will lower its minus 0.1 percent interest rate further to achieve its 2 percent inflation target. Takenaka, professor emeritus of Keio University and a member of a government panel on investment, told Reuters in an interview that the BOJ's new policy framework is "...

  • TOKYO, Oct 5- Former Japanese Economy Minister Heizo Takenaka said on Wednesday the Bank of Japan will lower its minus 0.1 percent interest rate further to achieve its 2 percent inflation target. Takenaka, professor emeritus of Keio University and a member of a government panel on investment, told Reuters in an interview that the BOJ's new policy framework is "...

  • *Stocks dip in Europe and Asia on ECB taper talk. LONDON, Oct 5- The prospect of the European Central Bank eventually winding down its bond-buying stimulus programme rattled investors on Wednesday, dragging stocks lower in Europe and Asia and pushing up government bond yields. Britain's pound, meanwhile, hit a three-decade low against the dollar, trading below...

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