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Finance Banks

  • VIENNA, March 15- Austria's Raiffeisen Bank International has set its sights on resuming dividend payments in a year's time after years of retrenchment and restructuring in the wake of the financial crisis. Raiffeisen Bank International, which operates across central and eastern Europe, is merging with its parent company Raiffeisen Zentralbank, primarily...

  • ALMATY, March 15- Kazakhstan's state-run "bad bank" will buy assets worth 2.4 trillion tenge from Kazkommertsbank, the biggest local lender by assets, the central bank said on Wednesday.

  • ‘Inflation has been too low for many years’: Riksbank

    Riksbank Governor Stefan Ingves talks about the current inflationary environment, with comment on the central bank’s own expectations.

  • Riksbank: Very important to keep track of what’s going on worldwide

    Riksbank Governor Stefan Ingves says the group doesn’t have “expectations on what other central banks do or not do” when commenting on ECB QE. Added comment on Federal Reserve.

  • Way too early to tell on US deregulation talk: Riksbank

    As Chairman of the Basel Committee, Stefan Ingves gives his view on the current U.S. administration and their views on banking regulation.

  • MADRID, March 15- Spain gave the green light to merger talks between Bankia and Banco Mare Nostrum on Wednesday as it seeks to claw back public money used to rescue the banks in 2012.. Both banks said they would look at the merger proposal by Spain's FROB bailout fund, while a source familiar with the situation said their boards would approve the tie-up in May and...

  • TOKYO, March 15- Japan's crisis-racked Toshiba Corp has offered shares in its memory chip unit to creditors as collateral to secure debt refinancing, people briefed on the matter said on Wednesday. Creditors have been asked to respond by March 24. Its main banks- Sumitomo Mitsui Banking Corp, Mizuho Bank and Sumitomo Mitsui Trust Bank- said they would give Toshiba...

  • NEW YORK, March 15- Wells Fargo& Co, Royal Bank of Scotland Group Plc and Deutsche Bank AG have reached a $165 million class-action settlement of investor claims over their underwriting for the now-bankrupt subprime lender NovaStar Mortgage Inc.. District Judge Deborah Batts in Manhattan. Steven Toll, a lawyer for investors led by the New Jersey Carpenters...

  • *Policy statement to be released at 2 p.m. EDT. WASHINGTON, March 15- The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target. A rate hike at the conclusion of the Fed's latest two-day policy meeting is already baked...

  • COPENHAGEN, March 15- Iceland's central bank kept its key deposit interest rate unchanged at 5.0 percent, a day after lifting capital controls imposed more than eight years ago during a financial crisis which brought down its banks. Iceland removed its remaining curbs on Tuesday, ending controls on businesses and citizens, but the central bank said it was too...

  • SHANGHAI, March 15- Hong Kong shares eased on Wednesday, with investors focussed on what the Federal Reserve will say about tightening monetary policy during the rest of the year with markets already pricing in an immediate rise in U.S. interest rates. The China Enterprises Index lost 0.4 percent to 10,272.83 points, as traders said there were few surprises from...

  • The Berlin- based company is backed by Li Ka- shing, one of Asia's richest men, and Peter Thiel, a co-founder of PayPal and an early investor in Facebook, along with other investors. It began offering services in Germany and Austria, then in Spain, France, Italy, Greece, Ireland and Slovakia. Late last year it added the Benelux countries, the Baltics, Finland, Portugal and...

  • I believe in Deutsche bank’s CEO, says IIF President

    IIF President and CEO Tim Adams talks about the banking sector with specific comment on Europe, telling CNBC that he’s “bullish on Deutsche Bank.”

  • TAIPEI, March 15- Taiwan stocks were marginally down on Wednesday as investors remained cautious ahead of Federal Reserve statement due later in the day in which the U.S. central bank is expected to raise interest rates. International airline EVA Airways Corp slid as. The Taiwan dollar firmed T $0.079 to T $30.887 per.

  • *Policy statement to be released at 2 p.m. EDT. WASHINGTON, March 15- The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target. A rate hike at the conclusion of the Fed's latest two-day policy meeting is already baked...

  • SHANGHAI, March 15- China's yuan traded in a tight range on Wednesday, weakening slightly against the dollar, ahead of a U.S. The People's Bank of China set the midpoint rate at 6.9115 per dollar prior to the market opening, which was firmer than Tuesday's rate of 6.9118. The market shrugged off a speech by Chinese Premier Li Keqiang delivered at the end of the...

  • TOKYO, March 15- Japanese government bond prices inched down on Wednesday as the debt market braced for upcoming central bank meetings, although sagging equities and a regular debt purchasing operation by the Bank of Japan helped limit the losses. The two-year and 10- year JGB yields both rose half a basis point to minus 0.255 percent and 0.090 percent,...

  • HONG KONG, March 15- Asian equities opened slightly lower, as investors stayed cautious awaiting the outcome of several central bank meetings later on Wednesday. Federal Reserve, the Bank of England and the Bank of Japan coupled with a Dutch election vote all due within the next 36 hours, there is no shortage of event risks in financial markets.

  • FRANKFURT- European Central Bank Board Member Peter Praet will participate in panel of 9th Annual IIF G20 Conference "The G20 Agenda Under the German Presidency" organized by the Institute of International Finance in Frankfurt, Germany- 0930 GMT. FRANKFURT- Federal Banking Symposium "Banking Supervision in Dialogue"- 0800 GMT. FRANKFURT- Riksbank Governor...

  • FRANKFURT- European Central Bank Board Member Peter Praet will participate in panel of 9th Annual IIF G20 Conference "The G20 Agenda Under the German Presidency" organized by the Institute of International Finance in Frankfurt, Germany- 0930 GMT. FRANKFURT- Federal Banking Symposium "Banking Supervision in Dialogue"- 0800 GMT. FRANKFURT- Riksbank Governor...

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