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  • Focus of expanded probe is on Asian banks

    CNBC's Eamon Javers reports the latest on the SWIFT hack probe that has expanded to up to a dozen banks.

  • JOHANNESBURG, May 26- South Africa's Standard Bank is taking action after criminals in Japan stole millions of dollars from automatic teller machines using fake credit cards from the lender, its joint CEOs said on Thursday. The criminal gang made 14,000 withdrawals in just three hours from bank machines at 7- Eleven convenience stores across Japan on May 15,...

  • LONDON, May 26- The $5 trillion a day market in foreign exchange may be free to grow again after a static three years hampered by doubts over regulation and what traders can and cannot say to each other, the head of global settlement bank CLS said on Thursday. Speaking to Reuters before the launch of a new global FX code on which he has led work by banks and other...

  • SINGAPORE, May 26- Financial markets have a more appropriate reading now on the chances of a U.S. interest rate rise in June than before, St. Louis Federal Reserve President James Bullard said on Thursday. "I think they read the minutes correctly," Bullard told reporters after a speech in Singapore, referring to the minutes of the Fed's latest policy meeting in April.

  • TORONTO, May 26- Canada's two largest lenders on Thursday reported an increase in bad loans to oil and gas firms as low crude prices hurt energy sector borrowers and cut into banks' profits. Meanwhile, Toronto-Dominion Bank said bad loans to oil and gas clients in the second quarter increased to C $211 million from C $86 million the quarter before.

  • SINGAPORE, May 26- The divergence in monetary policy between the U.S. Louis Federal Reserve President James Bullard said on Thursday. "I would say generally this story about Fed normalizing while the BOJ and ECB are not... that's been priced in already," Bullard said while on a visit to Singapore.

  • Bangladesh police are reviewing a 2013 hack for connections to February's $81 million heist, a senior law enforcement official said.

  • THURSDAY, MAY 26 SINGAPORE- Federal Reserve Bank of St. Louis President James Bullard gives Singapore City Lecture on the U.S. economy and monetary policy before the Official Monetary and Financial Institution Forum, in Singapore- 0915 GMT. FRIDAY, MAY 27 CAMBRIDGE, United States- Federal Reserve Chair Janet Yellen participates in a conversation with professor...

  • *Bad loans to oil and gas sector rise to C $410 million. TORONTO/ NEW YORK, May 25- Bank of Montreal will shed around 4 percent of its 46,000 workforce as part of a drive to cut costs, staff were told in a memo on Wednesday after the lender reported a decline in quarterly profit. Chief Executive Bill Downe said the move, which will see around 1,850 jobs go, was a response to...

  • NEW YORK/ LONDON, May 25- Gold fell to a seven-week low on Wednesday after upbeat U.S. home sales data in the previous session boosted expectations that the Federal Reserve will press ahead with interest rate hikes in the near term. Spot gold was down 0.2 percent at $1,223.93 an ounce at 3:18 p.m. EDT, off an earlier low of $1,217.25, the lowest since April 6.

  • DHAKA, May 26- Bangladesh police are reviewing a nearly forgotten 2013 cyber heist at the nation's largest commercial bank for connections to February's $81 million heist at the country's central bank, a senior law enforcement official said on Wednesday. The unsolved theft of $250,000 at Sonali Bank involved fraudulent transfer requests sent over the SWIFT...

  • Kermit Washington

    Investigators say Kermit Washington used his charity to fund personal expenses, trips and jewelry purchases.

  • MOSCOW, May 25- Russia's top bank Sberbank delivered a record first quarter profit despite Western sanctions over the Ukraine conflict, but warned its margins would remain under pressure. Sberbank's finance director said on Wednesday any improvements in profitability and loan growth would not be dramatic as Russia's central bank would probably ease...

  • May 25- Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that negative interest rates, used by central banks in Europe and Japan to stimulate their economies, would only be a last resort for the U.S. central bank. Speaking in Bismarck, N.D. at an oil industry conference, Kashkari said he expects moderate growth for the U.S. economy ahead,...

  • NEW YORK, May 25- Pimco Group Chief Investment Officer Dan Ivascyn said on Wednesday he sees a better than 50/ 50 chance of a Federal Reserve rate increase in June. Ivascyn, who helps oversee $1.5 trillion, said Pimco, a unit of Allianz SE, has placed bets that the Fed will move sooner rather than later. Last week, New York Fed President William Dudley said the U.S. economy...

  • *Bad loans to oil and gas sector rise to C $410 million. TORONTO/ NEW YORK, May 25- Bank of Montreal will shed around 4 percent of its 46,000 workforce as part of a drive to cut costs, staff were told in a memo on Wednesday after the lender reported a decline in quarterly profit. The bank, which didn't disclose where the cuts will be made, earlier Wednesday announced a C $132...

  • Banks drive European markets higher

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the eurozone's breakthrough deal with Greece, and Italian and Spanish banks leading the rally.

  • People stand under heavy rain at the Bund in front of the financial district of Pudong, in downtown Shanghai.

    While regulators and legislators try reduce the footprint of domestic institutions. American banks continue to lag.

  • Man on corner of Wall Street train stop on phone

    Big banks have social media teams to rival newsrooms’ staffing abilities—and budgets.

  • A man walks by a Bank of Montreal sign in Toronto.

    The fourth biggest bank in Canada will reduce its workforce by 4 percent, according to a company memo seen by Reuters.

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