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  • MADRID, May 25- The European Union needs more growth to restore people's confidence but monetary policy is nearing its limits so more integration is needed, top European central bankers said on Wednesday. Presenting differing views on the future of the euro zone, French central bank chief Francois Villeroy de Galhau and Dutch national bank Governor Klaas Knot...

  • FRANKFURT, May 25- The European Central Bank will aim to start small when it begins buying corporate debt in June, seeking first to lure new issuers and then slowly raise the monthly pace of purchases to 5- 10 billion euros, several central bank sources have told Reuters. The difficulty is that the 600 billion euro market for such notes is largely limited to big...

  • DUBAI, May 25- Saudi Arabia may need to change its currency's peg to the U.S. dollar if economic conditions shift, researchers at the Saudi central bank suggested in a paper that could shape debate among policymakers as the kingdom grapples with low oil prices. But the collapse of oil prices since 2014, which created a $100 billion state budget deficit, has fueled...

  • REYKJAVIK, May 25- Conditions "have never been better" to end Iceland's capital controls, with the central bank shoring up its foreign reserves to boost confidence and in case it needs to intervene once they are lifted, the central bank governor told Reuters. The controls were adopted when Iceland went into financial meltdown in 2008 and undoing them is a delicate...

  • *Singapore shuts unit of BSI over money laundering breaches. HONG KONG/ SINGAPORE, May 25- Singapore's drastic move to shut Swiss bank BSI's operations in the city-state over its dealings with scandal-hit Malaysian fund 1 MDB is a wake-up call for wealth managers in Asia, which had been spared the large fines and sanctions seen in the West. The private bank is the...

  • Flames rise from a storage tank filled with crude oil at an oil facility in northern Libya's Ras Lanouf region after it was set ablaze following fresh attacks launched by Islamic State (IS) group jihadists to seize key port terminals, on January 21, 2016.

    More than two-thirds of Gulf banks reported an increase in unpaid loans in the first three months of the year and more defaults are likely.

  • Who will take the helm at Unicredit?

    Gildas Surry, senior analyst at Axiom Alternative Investments, looks at Unicredit’s management structure and who might take on the role as new CEO.

  • *More cautious on risky regions including Iran. FRANKFURT, May 25- Deutsche Bank expects to see strong growth in Asia for its global payments and trade financing business in the coming years, despite recent signs of emerging market cooling, the head of its Global Transaction Banking unit said. "Within the transaction bank, the share of revenue coming from Asia...

  • LONDON, May 25- European equities climbed to a four-week high on Wednesday, with energy shares rising on the back of a rally in oil and Greek banks gaining after politicians made progress on talks over securing a debt relief deal. Energy shares were in demand after oil prices pushed closer to $50 a barrel, with U.S. crude hitting its highest in more than seven months...

  • MOSCOW, May 25- Russia's top bank Sberbank on Wednesday posted record quarterly net profit of 117.7 billion roubles in the first three months of 2016, distancing itself further from struggling rivals and sending its share price higher. Sberbank is one of several large Russian state banks under Western sanctions over the Ukraine crisis but has outperformed...

  • DUBAI, May 25- More than two-thirds of Gulf banks reported an increase in unpaid loans in the first three months of the year and more defaults are likely as oil-dependent governments slash spending to adjust to lower crude prices. "The days of double-digit profits and expansion plans are gone," said one United Arab Emirates- based banker. National Commercial Bank,...

  • UniCredit is in a bit of trouble: Expert

    Joseph Oughourlian, co–founder of Amber Capital, comments on the problems facing Italian banks, including UniCredit.

  • Fitch Ratings downgraded Credit Suisse Group's long-term default rating by a notch to A-minus and its viability rating to a-minus from a.

  • SHANGHAI, May 25- The yuan eased to within a whisker of its early February trough on Wednesday, after the central bank fixed the softest midpoint against the dollar since March 2011 as talk of a U.S. interest rate hike as early as June gathered traction. The dollar index stood near a two-month peak against a basket of currencies on Wednesday morning after robust U.S....

  • *China's banks lending more to homebuyers and developers. HONG KONG, May 25- China's top banks are lending more to homebuyers and developers than at any time since at least the global financial crisis, making them vulnerable to a property market downturn as prices overheat and real-estate firms struggle with a growing debt burden. China's top five banks had...

  • *Spot gold was little changed at $1,226.41 per ounce by 0033 GMT. *Further interest rate hikes by the U.S. central bank will be "good news" for the world because they will show its largest economy is in good health, though they could pose a challenge for emerging markets, European Central Bank Vice President Vitor Constancio said on Tuesday. *Euro zone finance...

  • SWIFT

    CyberArk's Vincent Goh identifies tactics used to hack into banks and even central banks, such as spearphishing and social engineering.

  • *MAS shuts Singapore unit of BSI for money laundering. SINGAPORE/ ZURICH, May 24- Singapore closed down BSI's operations in the city-state, while Switzerland began criminal proceedings against the private bank, in the biggest international crackdown on financial entities dealing with a scandal-hit Malaysian government fund. The Monetary Authority of...

  • WEDNESDAY, MAY 25 HOUSTON, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the Greater Houston Partnership Thought Leader Series- 1700 GMT. MADRID- European Central Bank Chief Economist Peter Praet speaks at the 2016 IIF Spring Membership Meeting on "Monetary Policy...

  • *Follows tough rhetoric from Beijing, increasing defaults. SHANGHAI, May 25- Mainstream lenders in China are squeezing borrowers in the country's rust-belt provinces, forcing firms to take on higher interest-rate loans from so-called shadow banks, a Reuters analysis of central bank figures shows. Firms in Liaoning, an industrial powerhouse in China's...

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