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Finance Banks

  • NEW YORK, May 24- The U.S. dollar slipped on Wednesday, after minutes of the latest Federal Reserve meeting showed policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory. "The minutes show that the Fed is going to be cautious and is in no rush to adopt a hawkish tone with respect to...

  • NEW YORK, May 24- Regulations passed after the financial crisis aimed at reducing risk at systemically important banks and other institutions have made it harder to buy and sell corporate bonds, researchers at the New York Federal Reserve said on Wednesday. In October 2015, New York Fed economists, including Tobias Adrian and Or Shachar, said there appeared to be...

  • NEW YORK, May 24- U.S. "People are hitting the pause button to get more clarity from the Fed," said Bill Merz, senior market strategist at U.S. Bank in Minneapolis. In the meantime, U.S. bond yields were pinned down by demand for low-risk assets in the wake of Moody's downgrade of China and the deadly suicide bombing in Manchester, England.

  • ATHENS, May 24- Uncertainty over Greece's bailout review took its toll on Piraeus Bank and National in the first quarter as the country's two biggest lenders focused their efforts on cutting bad debts. Greece's economy contracted in the first three months of the year but less than in the final quarter of 2016, flash estimates by its statistics service showed...

  • Sources told Reuters last week that the European Commission had asked two Veneto- based regional lenders to raise an additional 1 billion euros in private capital as a condition to approve their request for a state bailout. The sources said Italy's stronger banks could once more face pressure to help rescue the lenders, Popolare di Vicenza and Veneto Banca,...

  • *Germany auctions 10- year bonds. LONDON, May 24- The cautious tone of euro zone central bankers in the wake of some of the best economic data in years sent mixed signals to investors in the bloc's debt markets on Wednesday. Government bond yields across the region have been pegged near record lows in recent years as the European Central Bank has spent trillions of...

  • *Fed minutes scheduled to be released at 2 p.m. ET. Investors are also awaiting more details regarding the Fed trimming its $4.5 trillion balance sheet, when the central bank releases the minutes at 2 p.m. ET. "The real take from the Fed is that a June rate hike still seems to pretty much baked in the cake but I'm going to be looking at guidance as how they expect to start...

  • *Hungarian central bank IRS announcement lifts bond prices. *Bucharest stocks hit highest level since early 2008. BUDAPEST/ PRAGUE, May 24- Hungarian government bonds strengthened on Wednesday after the central bank said that it would offer interest rate swaps which could make bond buying more attractive to commercial banks.

  • TORONTO, May 24- Canada's main stock index fell on Wednesday, weighed down by an earnings miss from Bank of Montreal and as investors assessed the latest monetary policy clues from the country's central bank. BMO was the first of Canada's big banks to report quarterly earnings, with Royal Bank of Canada, Canadian Imperial Bank of Commerce and Toronto-Dominion...

  • Deutsche Bank CEO John Cryan

    Congressional Democrats investigating alleged ties between President Donald Trump's political campaign and Russia are seeking information from Deutsche Bank.

  • It was the sixth consecutive quarter that charge-offs posted a year-over-year increase, said the FDIC. The FDIC insures bank deposits when a lender fails and the agency's Quarterly Banking Profile gives a snapshot of the industry's health. The amount of tardy loans, called' noncurrent', fell for the 27th time in the last 28 quarters which left the banking sector...

  • MOSCOW, May 24- The Russian central bank could cut its key rate to 8 percent by the end of the year, paving the way for an acceleration in an economic recovery, the chief economist at Russia's largest lender Sberbank said on Wednesday. Speaking on a conference call after Sberbank reported a record high net profit, Julia Tseplyaeva also said an economic recession in...

  • *Qatar First Bank bounces from record lows. RIYADH, May 24- Major Gulf stock markets weakened on Wednesday, with amusement park operator DXB Entertainments continuing to drag down Dubai while banking shares lifted Egypt in the wake of Sunday's interest rate hike. Emaar Malls fell 1.9 percent after the retail arm of Emaar Properties said it would spend $151...

  • TORONTO, May 24- Canada's main stock index fell slightly in early trade on Wednesday, with Bank of Montreal shares off after the company's earnings missed estimates and investors awaiting a Bank of Canada interest rate decision and minutes from the last U.S Federal Reserve meeting. The Toronto Stock Exchange's S&P/TSX composite index was down 12.98 points, or...

  • 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...

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