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  • Amazon virtual assistant Alexa can now manage your money

    Capital One is the first bank to roll out a 'skill' for Alexa-enabled devices.

  • *Officials defend Thursday's stimulus package. FRANKFURT, March 11- The European Central Bank embarked on a rearguard action to win over sceptical investors on Friday, a day after chief Mario Draghi unveiled a new stimulus package but blunted its impact by suggesting the ECB would not cut interest rates again. On Friday, ECB vice-president Vitor Constancio...

  • *Feb new loans 726.6 bln yuan, vs f'cast 1.2 trln yuan. BEIJING/ SHANGHAI, March 11- Chinese banks extended 726.6 billion yuan in net new yuan loans in February, missing expectations and pulling back from a lending splurge in January, even as the central bank promised to keep policy loose to support the slowing economy. "The authorities put a brake on the credit growth,...

  • DHAKA, March 11- Investigators suspect unknown hackers managed to install malware in the Bangladesh central bank's computer systems and watched, probably for weeks, how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday. More than a month after hackers breached Bangladesh Bank's systems and attempted to...

  • Typo prevents a $101M cyber bank heist

    Hackers allegedly breached the Bangladesh central bank's security system.

  • *Feb new loans 726.6 bln yuan, vs f'cast 1.2 trln yuan. BEIJING/ SHANGHAI, March 11- Chinese banks extended 726.6 billion yuan in net new yuan loans in February, missing expectations and pulling back from a lending splurge in January, even as the central bank promised to keep policy loose to support the slowing economy. Economists polled by Reuters had expected new...

  • BEIJING, March 11- Chinese banks extended 726.6 billion yuan in net new yuan loans in February, missing analyst expectations and falling from the previous month's lending of 2.51 trillion yuan. The central bank said the broad M2 money supply grew at 13.3 percent from a year earlier, missing forecasts. Outstanding yuan loans grew at 14.7 percent by month-end on an...

  • LONDON, March 11- European shares bounced back on Friday, with a recovery in metal and oil prices boosting commodities stocks and the ECB's bank funding plan supporting lenders in the euro zone periphery. The euro zone's Euro STOXX Banks index was up nearly 6 percent after choppy moves on Thursday when the European Central Bank cut rates and said it would start...

  • TOKYO, March 11- Japanese banks have expressed concern that the Bank of Japan's negative interest rate policy is hurting their earnings, which could lead them to charge higher fees on corporate accounts, according to a presentation by the Cabinet Office. However, companies welcomed negative rates because these have lowered borrowing costs, and some companies...

  • Euro’s big swings post ECB decision

    Valentin Marinov, managing director, head of G10 FX research at Credit Agricole, talks about the moves in the euro currency following the ECB March policy meeting.

  • ECB has to support banks’ profits: Pro

    David Benamou, managing partner at Axiom Alternative Investments, discusses ECB president Mario Draghi’s rhetoric during the March policy meeting.

  • Draghi delivered ‘stunningly bold’ package: Pro

    Michael Bell, global market strategist at JP Morgan Asset Management, explains why the ECB’s latest package is supportive for euro zone assets in several sectors.

  • *China tells banks to increase risk checks in oversupplied sectors- sources. *China seeking to reduce overcapacity in certain sectors. BEIJING, March 11- China's banking regulator asked joint-stock banks and city commercial lenders to control exposure to industries suffering overcapacity by boosting risk assessments and collateral valuations, according...

  • LONDON, March 11- European shares bounced back on Friday, with a recovery in metal and oil prices boosting commodities stocks and the ECB's bank funding plan continuing to support lenders in the euro zone periphery for a second day. Lenders like Banco Popular and Bankia of Spain and Italy's UniCredit and Intesa Sanpaolo jumped 4.3 to 9.1 percent.

  • LONDON, March 11- The euro dipped on Friday after a shocking series of moves around Thursday's European Central Bank meeting which ended with its biggest gain in a month, undermining the case of those still calling for a fall to parity with the dollar. But ECB President Mario Draghi's comment that he expected the bank might not have to cut rates further fed...

  • FRANKFURT, March 10- The European Central Bank will offer to pay banks that borrow money from it in what is the most radical scheme anywhere in the world to boost lending to consumers and companies. There will be a de facto upper limit of roughly 1.7 trillion euros on the size of the scheme, the ECB says, although its actual size will likely be far smaller than that.

  •  Deutsche Bank

    Deutsche bank warned that volatile financial markets in the first quarter might pose a challenge for the entire sector.

  • BEIJING, March 11- China's banking regulator asked joint-stock lenders to control exposure to industries suffering overcapacity by using thorough risk assessments and collateral valuations, said two people with direct knowledge on Friday. In a notice recently circulated to joint-stock banks, the China Banking Regulatory Commission asked lenders to...

  • WASHINGTON, March 11- Barely a month ago Federal Reserve Chair Janet Yellen cut an isolated figure in her semi-annual testimony to Congress, forced to defend the U.S. central bank's data-dependent approach while around her stocks plunged and oil prices sagged. "Financial markets for a while were completely out in the weeds, running around looking at things that...

  • SHANGHAI, March 11- China's onshore yuan on Friday hit its strongest level against the dollar in 2016, buoyed by the central bank's firmest midpoint this year and the greenback's slide after the European Central Bank suggested it was done cutting rates for now. Prior to Friday's market opening, the People's Bank of China set the midpoint rate at 6.4905 per...

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