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Finance Banks

  • Vice President Vitor Manuel Ribeiro Constancio attends a press conference following the meeting of the Governing Council on April 27, 2017 in Frankfurt am Main, Germany.

    ECB vice-president Constancio said a possible revival of reflationary pressures could spillover throughout Europe and spark a volatile reaction in bond prices.

  • LONDON, May 24- The dollar stayed pinned near 6-1/ 2- month lows on Wednesday, investors' focus shifting from U.S. politics to monetary policy after comments from a Federal Reserve official rekindled expectations of an interest rate hike next month. Diminishing expectations of a promised fiscal boost to the U.S. economy from President Donald Trump and a...

  • May 24- U.S. stock index futures were little changed on Wednesday ahead of the Federal Reserve releasing the minutes of its May meeting that will help investors gauge the chances of a rate hike next month. *Shares of Lowe's fell 4.4 percent to $78.75 in premarket trading after the No. 2 U.S. home improvement chain reported a lower-than-expected profit and...

  • NAIROBI, May 24- Kenya's Equity Bank Group has closed more than half of its branches in war-ravaged South Sudan because of a mix of hyperinflation, a battered local currency and an economic slowdown, its chief executive officer said. James Mwangi, Equity's chief executive, told a shareholder meeting the bank had closed seven of its 12 branches in South Sudan, which...

  • LONDON, May 24- A British judge has given Royal Bank of Scotland a week to avoid a trial by reaching a deal with investors who allege the bank misled them over its 2008 fundraising. Judge Robert Hildyard adjourned the case on Wednesday until June 7, but warned this would be the final chance to reach an out-of-court settlement and said the two sides must inform him...

  • STOCKHOLM, May 24- Rising mortgage debt is a serious threat to Sweden's economy while regulators need to introduce tougher measures to strengthen banks against future shocks, the central bank said in its semi-annual stability report, published on Wednesday. Worries have been growing about Sweden's soaring housing market with the European Commission...

  • LONDON, May 24- The dollar on Wednesday held above 6-1/ 2- month lows hit in previous days, as comments from a senior Federal Reserve official rekindled expectations of possible U.S. interest rate rises. The dollar had lost nearly all of its gains since the U.S. elections last November as investor hopes for a fiscal boost from President Donald Trump were dulled by a...

  • MOSCOW, May 24- Russia's largest bank Sberbank made record quarterly profit of 167 billion roubles in the first three months of the year, helped by cheaper funding and risk management costs as the economy improved. State-controlled Sberbank has consistently outperformed since 2014, when the Russian economy fell into a deep slump as oil prices plunged and the...

  • MOSCOW, May 24- Sberbank, Russia's largest bank, made 166.6 billion roubles of net profit in the first quarter, the bank said on Wednesday, posting the best quarterly result that was slightly better than analysts had forecast. Sberbank has outperformed rivals during Russia's economic crisis, posting solid profits in the past year. Analysts polled by Reuters had...

  • *Settlement talks to continue on Wednesday- sources. LONDON, May 24- Royal Bank of Scotland is struggling to reach a deal with all the investors who allege the lender misled them during a 12 billion pound cash call in 2008, two sources familiar with the situation said. Jonathan Nash, a lawyer for the claimant group, told London's High Court on Tuesday the majority of...

  • MEXICO CITY/ NEW YORK, May 24- The newly refurbished Citibanamex branch in Mexico City's affluent Del Valle neighborhood opens into a Scandinavian-chic space where salespeople chat with clients at touch screens. The facelift reflects Citigroup Chief Executive Michael Corbat's ambition to turn the group's Mexican operation into a "state-of-the-art bank."

  • 'China's banking sector is a unique beast'

    Whether or not the credit ratings downgrade of China was imminent remains debatable, says Vishnu Varathan, Mizuho Bank.

  • *Bernanke: Japan's real equilibrium rate may be negative. TOKYO, May 24- Former Federal Reserve Chairman Ben Bernanke said on Wednesday the Bank of Japan may need to coordinate a new fiscal spending plan with the government, allowing for inflation to accelerate above its 2 percent target without worsening the debt burden. If inflation accelerated to 2 percent by...

  • *Bernanke: Japan's real equilibrium rate may be negative. TOKYO, May 24- Former Federal Reserve Chairman Ben Bernanke said on Wednesday the Bank of Japan may need to coordinate with the government's new fiscal spending program by allowing inflation to overshoot its consumer price target. Although Japan's economy has shown signs of a pick-up in recent months,...

  • *Spot gold was up 0.1 percent at $1,252.32 per ounce by 0057 GMT. *A U.S. interest rate hike next month is a "distinct possibility," the head of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Tuesday, adding that another disappointing reading on monthly inflation could cause the U.S. central bank to hold back. *Former CIA director John Brennan said on...

  • **LONDON- European Central Bank to publish Financial Stability Report- 2100 GMT. MADRID- European Central Bank President Mario Draghi speaks at First Conference on Financial Stability- 1345 GMT. TORONTO- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the C.D.

  • **LONDON- European Central Bank to publish Financial Stability Report- 2100 GMT. MADRID- European Central Bank President Mario Draghi speaks at First Conference on Financial Stability- 1345 GMT. TORONTO- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the C.D.

  • BRASILIA, May 23- A Brazil central bank source said on Tuesday that Banco Original's liquidity was solid, and that it had placed an analyst inside the bank to speed up obtaining answers to prosecutors' questions about a corruption scandal involving JBS SA, whose controlling shareholders control the bank. The source spoke on condition of anonymity as they were...

  • Jack Bogle, founder and retired CEO of The Vanguard Group.

    The average expense ratio paid by fund investors hit the lowest ever as they seek out lower-cost index fund and ETF options.

  • LONDON, May 23- Nokia shares jumped more than 6 percent on Tuesday to their highest in more than a year, joined by a rise in banking stocks which helped European stock markets edge higher. Germany's DAX was up 0.3 percent while euro zone blue chips gained 0.5 percent. "It's a kind of risk-on environment, and Europe's benefits- relatively low currency, a relatively...

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