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  • *China's central bank cuts reserve requirement ratio. Feb 29- Wall Street edged up on Monday morning as cautious investors assessed China's move to boost its slowing economy and higher oil prices raised hopes that the market had bottomed out. I think investors are caught weighing the two, "said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

  • UK banks in focus for European markets

    CNBC's Kayla Tausche looks at the state of European Banks, especially those in the U.K. as Brexit fears and poor earnings are spooking markets.

  • *China's move seeks to revive economic growth. LONDON, Feb 29- Zinc extended its rally and copper trimmed losses on Monday after top metals consumer China cut its reserve ratio for banks in an effort to revive flagging growth. "Any sense of proactive policymaking in China towards stabilizing the economy and the exchange rate will be taken positively by commodity...

  • *China's central bank cuts reserve requirement ratio. Feb 29- Wall Street was little changed on Monday as cautious investors assessed China's move to boost its slowing economy and an increase in oil prices raised hopes that the market had bottomed out. China's central bank on Monday cut its reserve requirement ratio, or the amount of cash that banks must hold as...

  • JPMorgan traders fired over compliance

    Filings reveal that the two employees did not adhere to certain control processes.

  • *China c.bank cuts main RRR -50 bps. BEIJING/ SHANGHAI, Feb 29- China's central bank resumed its easing cycle on Monday, injecting an estimated $100 billion worth of long-term cash into the economy to cushion the pain from job layoffs and bankruptcies in industries plagued by overcapacity. The PBOC's announcement also comes shortly before the annual meeting of...

  • Bitcoin Block

    Blockchain technology has the potential to revolutionize financial transactions but companies will have to overcome several challenges.

  • *Futures down: Dow 43 pts, S&P 4.5 pts, Nasdaq 17.25 pts. Feb 29- U.S. stock index futures fell on Monday as investors worried about the Federal Reserve pressing ahead with its plan to raise interest rates this year. *Wall Street closed lower on Friday, after a rally earlier in the week lost steam.

  • *IDBI Bank jumps as govt says would consider ceding control. MUMBAI, Feb 29- India faced criticism of skimping on efforts to bail out ailing state banks in the annual budget on Monday, but sparked a big rally in the shares of one state lender, IDBI Bank, by saying it would be ready to cede majority control. Finance Ministry Arun Jaitley, in his budget speech, stuck to...

  • *China's move seeks to revive economic growth. LONDON, Feb 29- Zinc extended its rally and copper trimmed losses on Monday after top metals consumer China cut its reserve ratio for banks in an effort to revive flagging growth. "Any sense of proactive policymaking in China towards stabilising the economy and the exchange rate will be taken positively by commodity...

  • BEIJING, Feb 29- China's central bank reduced the amount of cash that banks must hold as reserves for the fifth time since Feb. 2015, as it seeks to revive a slowing economy. The People's Bank of China said on its website that it would cut the reserve requirement ratio by 50 basis points for all banks, taking the ratio to 17 percent for the country's biggest lenders.

  • BEIJING, Feb 29- China's central bank reduced the amount of cash that banks must hold as reserves for the fifth time since February, 2015, as it seeks to revive a stumbling economy. China last cut the RRR on Oct. 23, when it also reduced interest rates by 25 basis points to rein in financing costs. "China's government is pushing forward the' supply side' reform, and the move...

  • BEIJING, Feb 29- China's central bank reduced the amount of cash that banks must hold as reserves for the fifth time since Feb. 2015, as it seeks to revive a slowing economy. The People's Bank of China said on its website that it would cut the reserve requirement ratio by 50 basis points for all banks, taking the ratio to 17 percent for the country's biggest lenders.

  • *Balance sheets of major central banks vs economic growth:. FRANKFURT, Feb 29- Aggressive money printing by the world's largest central banks is losing its impact on growth, putting a question mark over the globe's economic future. The European Central Bank has embarked on a 1.5 trillion euros asset-buying program, following in the footsteps of the Bank of Japan...

  • India Budget 2016

    Maybank KE Securities India's Jigar Shah, identifies the areas which the India Budget will support, such as the farm and rural sectors.

  • Anshu Jain, former co-chief executive officer of Deutsche Bank AG, gestures as he speaks during the Bloomberg Markets Most Influential Summit in London, U.K. on Tuesday, Oct. 6, 2015.

    Anshu Jain, the former co-chief executive of Deutsche Bank, is to join SoFi as an adviser, The Financial Times reports.

  • People pass a sign for JPMorgan Chase & Co. at it's headquarters in Manhattan.

    JPMorgan Chase sacked two employees after they allegedly circumvented the bank's compliance procedures, The Financial TImes reports.

  • SHANGHAI, Feb 29- China's yuan edged down against the dollar on Monday as the central bank fixed a softer midpoint but continued to intervene to control the pace of currency's depreciation, traders said. "Dollar buying was quite intense this morning, but the yuan's value has barely changed since its open," said a dealer at an Asia bank in Shanghai, referring to views...

  • *Central banks near their limits. FRANKFURT/ TOKYO, Feb 28- The widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus firmly back on central bankers. "Monetary policy is extremely accommodative to the point that it may even be counterproductive in terms of negative...

  • After a strategic review, the bank's board decided that in principle it made strategic sense to get out of the continent, the FT reports.

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