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  • *Juno jumps on report of AstraZeneca interest. June 2- U.S. stocks were lower in late morning trading, paring some of their losses earlier in the session, as weak factory orders data and bearish comments from a Federal Reserve board member allayed fears of a rate hike coming sooner rather than later. "Interest rates are not going to matter if they're rising because of...

  • BEIJING, June 2- China's central bank said it disbursed 262.8 billion yuan worth of pledged supplementary loans, or PSL, to banks in the first five months of this year. The central bank said in an online statement there were 645.9 billion yuan worth of PSL in the banking system at the end of May. The latest PSL exercise was aimed at supporting China's urbanization and...

  • BEIJING, June 2- China's central bank said it withdrew 25 billion yuan worth of three-month loans from banks on a net basis in May, leaving a total of 1.05 trillion yuan of the loans in the banking system at the end of last month. The loans were made under the medium-term lending facility, or MLF, and were disbursed at an interest rate of 3.5 percent.

  • BB&T CEO: New world of banking Tuesday, 2 Jun 2015 | 6:44 AM ET
    BB&T CEO: New world of banking

    Kelly King, BB&T chairman & CEO, discusses the banking giant's plans for expansion, and the overall health of lending and small business.

  • MUMBAI, June 2- India's central bank cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest. The Reserve Bank of India's quarter point reduction in the repo rate to 7.25 percent was predicted by 35 of 48...

  • HSBC to face US lawsuits over $34B mortgage losses Tuesday, 2 Jun 2015 | 2:46 AM ET
    An HSBC bank branch is shown in London, Feb. 9, 2015.

    HSBC was ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities.

  • MUMBAI, June 2- India's central bank cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest. The reduction showed policymakers recognized the need to put the economy on a sounder footing, regardless...

  • DIARY- Top Economic Events to June 15 Monday, 1 Jun 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on the U.S. economic outlook and monetary policy at the Center for Strategic and International Studies- 1400 GMT. PARIS- Organisation for Economic Cooperation and Development Forum 2015. PARIS- European Central Bank board member Daniele Nouy speaks at the panel discussion "Unlocking...

  • WASHINGTON, June 1- First Tennessee Bank agreed to pay $212.5 million to resolve a case involving Federal Housing Administration- insured mortgage lending, the U.S. Justice Department said on Monday. Benjamin Mizer of the Justice Department's Civil Division said First Tennessee's "reckless underwriting has resulted in significant losses of federal funds...

  • TORONTO, June 1- Financial regulators need to be on guard against the threat of future financial crises, particularly as banks boost pressure to roll back rules designed to shore up the financial system, a top Federal Reserve official said on Monday. "Regulations have been strengthened and the bankers' backlash is both evident and making headway," Fed Vice...

  • Stifel in lead to buy Barclays' US wealth unit Monday, 1 Jun 2015 | 7:22 AM ET

    Stifel Financial is in advanced negotiations to acquire Barclays' U.S wealth management unit, according to three people familiar with the situation.

  • AMSTERDAM/ PARIS/ DUBLIN, June 1- Across the euro zone, bank compliance officers dream about saying "No" to their new regulator in Frankfurt. The European Central Bank is living up to its promise of being an intrusive and hands-on banking supervisor with a constant demand for data, including minutes of board meetings and regular on-site visits.

  • LONDON/ SYDNEY, June 1- Manufacturing activity showed scant sign of picking up across Europe and Asia in May as demand stayed stubbornly weak, highlighting the need for central banks to continue supporting growth. The gloomy business surveys come a little less than three months after the European Central Bank embarked on a 1 trillion-euro stimulus program and...

  • FRANKFURT, June 1- The situation in Greece is critical but the direct danger to European banks is relatively small, a senior official at Germany's Bundesbank told a newspaper on Monday. "The Greek government would be well advised to act quickly- for the Greek banks, it is five minutes to midnight," Andreas Dombret, an executive board member of the German central bank,...

  • SHANGHAI, June 1- China's yuan firmed against the dollar on Monday after the G7 agreed in principle that it would be good to include the currency in the International Monetary Fund's currency basket, traders said. The People's Bank of China set the midpoint rate at 6.1207 per dollar prior to market open, the lowest level since Apr.28, or 0.02 percent weaker than the...

  • ISTANBUL, May 30- Turkish Deputy Prime Minister Ali Babacan said on Saturday the takeover by regulators of Bank Asya was not political and that the Islamic lender would continue operating while sale or merger options were investigated. It handed over control of the bank to Turkey's Savings Deposit Insurance Fund, which is responsible for dealing with...

  • Kudlow: Here's what the GOP needs Friday, 29 May 2015 | 10:52 PM ET

    On the eve of the GOP primaries, here’s the big question: What must we do to restore America’s long-term economic-growth performance?

  • May 29- Bank of America Corp agreed with U.S. regulators to improve its compliance practices and pay a fine for violations in lending rules toward military personnel. The Office of the Comptroller of the Currency asked the No. 2 U.S. bank by assets to pay a penalty of $30 million due to non-home loan compliance with the Servicemembers Civil Relief Act and unsafe...

  • Analyst bashes Jamie Dimon's 'ludicrous' comments Friday, 29 May 2015 | 2:16 PM ET
    Mike Mayo, Managing Director at CLSA

    JP Morgan CEO Jamie Dimon's recent assertion that some bank shareholders are lazy is "ludicrous," bank analyst Mike Mayo said.

  • Bitcoin's tech is entering the major leagues Friday, 29 May 2015 | 1:11 PM ET
    Cyber security internet security

    So who is interested in bitcoin's technology? Seagate, Nasdaq, Overstock, IBM, Samsung, UBS, Barclays and Banco Santander—to name a few.

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