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  • WASHINGTON, June 25- The U.S. Export-Import Bank faced an imminent shutdown of its new lending and insurance activities as lawmakers left Washington on Thursday for an 11- day break without renewing the trade lender's charter. "This is a small step toward renewing a competitive free-market economy and arresting the rise of the progressive welfare state and...

  • IMF to Fed: Drop the dots Thursday, 25 Jun 2015 | 5:19 PM ET

    WASHINGTON, June 25- Now that International Monetary Fund head Christine Lagarde has told the Fed to wait to raise interest rates, the IMF staff has followed up with suggestions that the U.S. central bank remake its communications policy and, in a phrase, ditch the dots. The dot plot of interest rate projections issued by Fed officials every three months is...

  • Japan says no to China's big bank plans...for now Thursday, 25 Jun 2015 | 1:10 PM ET
    Japan's Prime Minister Shinzo Abe

    With the perception of China using the AIIB to push its political agenda, Japan is unlikely to join as of now.

  • LONDON, June 25- A leading banking lobby group has submitted 90 proposals to regulators to improve consistency in how banks assess the riskiness of their loans, which is building into one of the biggest concerns among industry supervisors. So-called' risk weightings' are applied to banks' assets, which should reflect how risky the asset is and determine how much...

  • WINDSOR, Ontario, June 25- The Bank of Canada, frustrated by unilateral U.S. moves which regulate Canadian banks with U.S. subsidiaries, called on Thursday for the possible adoption of a bilateral agreement to clarify responsibilities in winding up failed banks. Deputy Governor Lawrence Schembri took aim at the U.S. financial reforms under the Dodd-Frank Act of...

  • ACCRA, June 25- Ghana's cedi showed signs of stabilizing against the dollar on Thursday after the central bank stepped up its selling of dollars to the interbank market, traders said. "There is marginal stability but we are yet to see if it's sustainable," Joseph Biggles Amponsah of the Accra- based Dortis Research said. The central bank this week increased its...

  • Citigroup combines retail banking and mortgage operations Thursday, 25 Jun 2015 | 10:33 AM ET

    June 25- Citigroup Inc will combine its retail banking and mortgage operations under Jonathan Larsen, the current global head of retail banking, according to an internal memo seen by Reuters. Citi also named Anand Selvakesari head of consumer banking for Asia, a position Larsen has been holding since 2009.. Fabio Fontainha, the head of consumer banking in Brazil,...

  • LISBON, June 25- The Bank of Portugal urged central banks in Portuguese-speaking Africa to raise supervision standards to the European banking union's tougher requirements to avoid capital cost hikes for European banks in Africa. Bank of Portugal Governor Carlos Costa, who is also a member of the European Central Bank governing council, said on Thursday that...

  • Banks scaling down discounts for Russell rebalancing Thursday, 25 Jun 2015 | 8:19 AM ET
    Pedestrians pass in front of a Wall Street sign in New York.

    With the annual rebalance of the Russell stock indexes just a day away, brokerage firms are shaving the discounts they typically offer.

  • *Frustration simmers over as Greece talks bogged down. FRANKFURT, June 25- The European Central Bank held a crucial cash lifeline for Greece unchanged on Thursday, a person familiar with the discussion said, as the head of the Bundesbank objected to the way Greek banks are being funded. It comes as Bundesbank President Jens Weidmann gave his strongest criticism...

  • JPMorgan in talks to settle product steering probe Thursday, 25 Jun 2015 | 7:25 AM ET
    People pass a sign for JPMorgan Chase & Co. at it's headquarters in Manhattan.

    JPMorgan is in talks with regulators to settle a probe by the agency on whether the bank inappropriately advised clients toward its own products.

  • Europe's bankers fear Brexit more than Grexit Thursday, 25 Jun 2015 | 6:35 AM ET

    *Banks and hedge funds have slashed their exposure to Greece. FRANKFURT, June 25- The possibility of Britain leaving the European Union sometime in the future worries European bankers a great deal more than the prospect that Greece might be on its way out soon. Britain's inclusion in the EU is more important to the bloc's long-term future than whatever happens to...

  • FRANKFURT, June 25- The European Central Bank limited a crucial lifeline for Greece, after the head of the Bundesbank told peers he had serious doubts about providing continued emergency funding to Greek banks, people familiar with the discussion said. Greece's central bank may not have asked for an increase, though the country's lenders have seen their...

  • FRANKFURT, June 25- European Central Bank policy-setters kept the limit on Emergency Liquidity Assistance to Greek banks unchanged at a telephone conference of its Governing Council on Thursday, a person with direct knowledge of the matter said.

  • *Protest comes at delicate moment as Greece talks teeter. Jens Weidmann has warned against the use of such emergency credit to prop up Greece's banks ever since those lenders started to rely on it in February, but his latest protest is significant because of its timing. The objections of Germany's central bank, respected as a guardian of monetary order in the euro...

  • SHANGHAI/ BEIJING, June 25- China's decision to scrap limits on how much of their deposits banks can lend won't immediately revive its slowing economy, but it is likely to be celebrated in the boardrooms of smaller banks and ultimately by the private business community. China's cabinet on Wednesday proposed scrapping a cap that currently limits banks' lending...

  • HANGZHOU, China/ BEIJING, June 25- Alibaba Group Holding Ltd's financial affiliate launched on Thursday Internet bank MYbank, targeting the small- and medium-sized Chinese enterprises that have struggled to obtain credit from major financial institutions. MYbank follows in the footsteps of Alibaba arch-rival Tencent Holdings Ltd, which began trial...

  • European shares extend losses on Greek concerns Thursday, 25 Jun 2015 | 4:14 AM ET

    *Hennes& Mauritz slips after warning on dollar. LONDON, June 25- European shares extended losses on Thursday as concerns that Greece could be edging closer to a debt default prompted investors to cut their exposure to risk. The country's banking index dropped 4.3 percent, with National Bank of Greece, Alpha Bank and Bank of Piraeus falling 3.5 to 5.3 percent.

  • *Bank of China recently joined London benchmark. SHANGHAI, June 25- Industrial and Commercial Bank of China Ltd, the world's largest bank by assets, said it was interested in participating in the twice-daily London gold price benchmarking process. "ICBC is very keen on participating," Zhou Ming, general manager in the bank's precious metals department said at an...

  • *China central bank may approve fix anytime now- sources. SHANGHAI, June 25- China plans to launch a yuan-denominated gold fix by the end of the year via the Shanghai Gold Exchange, in a move aimed at giving the world's biggest producer and leading consumer of bullion more influence over pricing. Given its leading role in gold, China feels it is entitled to be a...

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