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Finance Banks

  • *The Veneto banks expect to book fresh loan writedowns. MILAN, May 17- Italian regional lenders Popolare di Vicenza and Veneto Banca may need to raise capital privately to cover loan losses to win European Union approval for a state bailout they have requested, six sources familiar with the matter said on Wednesday. But having failed to raise funds on the market...

  • FRANKFURT, May 18- The European Central Bank should not wait too long before paring back stimulus once it is convinced that inflation has recovered, and it could in theory increase rates early if necessary, ECB board member Benoit Coeure told Reuters. With euro zone inflation now just under 2 percent and growth on its best run for years, the ECB is coming under...

  • Trump or no Trump, markets were poised for pullback: Pro

    Sarah Lien, Eastspring Investments, says Trump was not very relevant to the markets rallying or selling off.

  • FRANKFURT- ECB Executive Board Member Yves Mersch and Bundesbank President Jens Weidmann deliver speeches at a symposium on payment systems of the Bundesbank. FRANKFURT- ECB governing council meeting, followed by interest rate announcement. FRANKFURT- European Central Bank Executive Board Member Yves Mersch will give speech on "Vision 2020 of the...

  • FRANKFURT- ECB Executive Board Member Yves Mersch and Bundesbank President Jens Weidmann deliver speeches at a symposium on payment systems of the Bundesbank. FRANKFURT- ECB governing council meeting, followed by interest rate announcement. FRANKFURT- European Central Bank Executive Board Member Yves Mersch will give speech on "Vision 2020 of the...

  • MNUCHIN TO TELL SENATE COMMITTEE HE WILL RECOMMEND RELIEF FOR COMMUNITY BANKS, MORE APPROPRIATELY TAILORED RULES AS PART OF BANKING REFORM.

  • WASHINGTON, May 17- Republican and Democratic senators on Wednesday renewed their drive to make banking easier for marijuana-based businesses in those U.S. states where the drug is legal, undeterred by signals from the Trump administration about maintaining tough marijuana restrictions nationally. The eight senators, who spanned the political spectrum...

  • NEW YORK, May 17- The owners of several new potash mines that are adding fertilizer to an already over-supplied market are banking on better times, bucking industry thinking that the projects may snuff a modest price recovery. Privately held fertilizer producer EuroChem Group plans to produce 1.1 million tonnes of potash in 2018 from its two new Russian mines...

  • LAS VEGAS, May 17- Former Federal Reserve Chairman Ben Bernanke said on Wednesday that he is "puzzled" by how little markets have reacted to major political risks, and skeptical about the Trump administration's ability to fulfill its pledges to stoke faster growth. "It puzzles me that markets are very blasé about political risk until the last minute," Bernanke...

  • May 17- Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday warned against using interest-rate hikes to address unwanted asset bubbles, saying that bubbles are hard to identify and such hikes would likely do more harm than good. Kashkari is a voting member this year on the U.S. central bank's policy committee, and in March was the lone...

  • BUDAPEST, May 17- Polish government bond prices rose on Wednesday after the country's central bank indicated that it may not start to lift interest rates next year as analysts had predicted. Tuesday's economic output figures from Central Europe had triggered expectations that the central bank may strike a less dovish tone at the policy meeting that ended on...

  • Donald Trump

    Odds are that Donald Trump will survive a growing brew of controversies, but his chances are declining by the minute.

  • Traders on the floor of the New York Stock Exchange.

    Mary Ann Bartels, Merrill Lynch and Shawn Golhar, Barclays, weigh in on a jittery Wall Street today in response to the White House turmoil.

  • Frankfurt's skyline as viewed from the top floor of the new European Central Bank (ECB) headquarters

    It is worth taking a fresh look at some of Europe's banks with global operations, according to Man Group's Pierre Lagrange.

  • *Lloyds has rebuilt as UK focused lender. LONDON, May 17- Lloyds Chief Executive Antonio Horta-Osorio travelled at the front of the British Airways plane last week, enjoying the extra leg room in the business section on his way from London to the bank's annual meeting in Edinburgh. Lloyds said on Wednesday that Britain had sold its last remaining stake in the bank,...

  • BEIJING, May 17- For global banks, China's new " Silk Road" is a tantalising concept: billions of dollars in deals, loans and advisory fees, and a cosier relationship with Beijing for those who step up. Dozens of senior international bankers turned up at the weekend for a Beijing summit to promote China's "Belt and Road" initiative, an ambitious plan to open new trade...

  • BEIJING, May 17- Net foreign exchange sales by China's commercial banks rose to their highest level in three months in April, but capital outflows remained under control due to tighter regulatory scrutiny. China's cross-border capital flows in April maintained good momentum, with foreign exchange purchased by individuals hitting the lowest level in nearly...

  • LONDON, May 17- Britain has sold its last remaining stake in Lloyds Banking Group, making the lender the first to re-emerge from British state ownership in a symbolic step for the country's recovering banking sector. This involved Lloyds, Britain's biggest retail lender, being rescued after an ill-fated government-brokered takeover of rival HBOS.

  • Britain has sold its last remaining stake in Lloyds Banking Group, making the lender the first to re-emerge from British state ownership.

  • LONDON, May 17- Britain has sold its last remaining stake in Lloyds Banking Group, making the lender the first to re-emerge from British state ownership in a symbolic step for the country's recovering banking sector. This involved Lloyds, Britain's biggest retail lender, being rescued after an ill-fated government-brokered takeover of rival HBOS.

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