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  • BEIJING, China- Federal Reserve Bank of St. Louis President James Bullard gives Beijing City Lecture on the U.S. economy and monetary policy before the Official Monetary and Financial Institution Forum- 0930 GMT. PHILADELPHIA- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook at event, "An Evening with Federal...

  • NEW YORK, May 20- Global equity markets rose on Friday as investors took in stride the possibility the Federal Reserve may hike interest rates in June, a view that helped U.S. bond yields to rise and lifted the dollar to a third straight week of gains. Wall Street was higher, following gains in Europe, with the S&P financial sector index rising 0.66 percent as recent...

  • SWIFT tells banks to share info on hacks

    SWIFT is working to centralize information on hack attacks at banks, reports CNBC's Eamon Javers.

  • NEW YORK, May 20- A group of global banks and clearing houses, working with U.S. regulators, said on Friday it has identified two possible replacements for Libor, the benchmark interest rate for $160 trillion worth of credit for everything from home mortgages to corporate loans. ARRC said the two rates it identified as replacements represent "robust" markets, each...

  • NEW YORK, May 20- A group of global banks and clearing houses, working with U.S. regulators, said on Friday it has identified two possible replacements for Libor, the benchmark interest rate for $160 trillion worth of credit for everything from home mortgages to corporate loans. ARRC said the two rates it identified as replacements represent "robust" markets, each...

  • LONDON, May 20- A Libyan businessman at the center of a dispute between Libya's $67 billion sovereign wealth fund and French bank Societe Generale must disclose additional phone and banking records, a High Court judge in London ruled on Friday. The Libyan Investment Authority is pursuing SocGen for some $2.1 billion in relation to a series of disputed trades,...

  • *FinecoBank, Bank Pekao, Yapi Kredi shares fall. MILAN, May 20- UniCredit shares rose on Friday on expectations of the Italian lender selling stakes it holds in other banks to shore up its capital, reducing the need to issue new shares. The bank is reviewing its assets and could end up trimming stakes in online broker FinecoBank, Poland's Bank Pekao and Turkey's Yapi...

  • Lending Club banners hang on the facade of the New York Stock Exchange for it's IPO on December 11, 2014 in New York.

    The online lender tells P2P lenders its position is strong, but some could lose on loans.

  • Boosting bank security

    CNBC's Eamon Javers reports on new measures to increase global bank security.

  • cyber security hacking

    International financial messaging service SWIFT told clients to share information on attacks on the system to help prevent hackings.

  • *Regulators start to look at fintech innovation. LONDON/ HONG KONG, May 20- The' fintech' sector hoping to revolutionize finance with the adoption of blockchain, or distributed ledger technology, is forcing global financial regulators to start looking at whether they need to change the rules governing markets and banking. Andrew Bailey, deputy governor of the...

  • SHANGHAI, May 20- Bank of China Ltd and China Merchants Bank Co Ltd are poised to issue China's first bad debt backed securities since 2008, according to statements posted on the website of China's main bond clearinghouse. Many analysts believe the real bad debt burden at China's banks is much higher, but even the official figures show a sharp rise in troubled...

  • BEIJING, May 20- China's government has approved a sweeping plan to clean up the country's online financial sector, according to sources with direct knowledge of the matter, including rules to limit the activities of P2P lending firms, the source of recent fraud scandals. The government plan, which was drafted by China's central bank, follows a mid-April...

  • New York Fed President William Dudley said on Thursday there was a strong sense among the central bank officials that markets were underestimating the probability of policy tightening and that the Fed was on track for a rate hike in June or July. Spot gold was little changed at $1,254 per ounce at 0647 GMT, near a three-week low of $1,244 reached in the previous...

  • SHANGHAI, May 20- The yuan came off early highs, but was still marginally firmer against the dollar on Friday after the central bank fixed a stronger midpoint. The People's Bank of China set the midpoint rate at 6.5510 per dollar prior to market open, 0.03 percent firmer than the previous fix 6.5531. "The fact that the market traded around 6.5450 indicated the price...

  • *Robust UK retail sales data bolster sterling. SYDNEY/ TOKYO, May 20- The dollar held at its highest in nearly two months against a basket of major currencies early on Friday, on track for a third week of gains as investors awaken to the risk of a hike in U.S. interest rates as early as next month. New York Federal Reserve President William Dudley on Thursday said the U.S....

  • *Spot gold had risen 0.2 percent to $1,256.60 per ounce by 0047 GMT, after declining for two days in a row. The metal hit a three-week low of $1,244 in the previous session. *The U.S. economy could be strong enough to warrant an interest rate increase in June or July, New York Federal Reserve President William Dudley said on Thursday, cementing Wall Street's view that...

  • *G7 finance ministers meeting begins in Sendai, Japan. TOKYO, May 20- Asian shares edged up on Friday but were on track for a weekly loss, while the dollar was poised for a winning week as comments from a key Federal Reserve official led to increased betting on the Fed hiking interest rates as early as next month. MSCI's broadest index of Asia-Pacific shares outside...

  • *Robust UK retail sales data bolster sterling. SYDNEY, May 20- The dollar held at its highest in nearly two months against a basket of major currencies early on Friday, on track for a third week of gains as investors awaken to the risk of a hike in U.S. interest rates as early as next month. New York Federal Reserve President William Dudley on Thursday said the U.S....

  • May 19- Taking a page out of the high school relationship handbook, the Federal Reserve has a message for financial markets: start paying attention to us or we might start dating your friend. Speaking a day after minutes from the Fed's April meeting jolted markets into upgrading expectations of a rate hike soon, New York Federal Reserve President William Dudley...

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