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  • BRASILIA, May 17- Brazil's interim government on Tuesday named the lead economist of the nation's largest private bank to head the central bank, in a further shift away from interventionist policies that many blame for a deep recession and near double-digit inflation. An Israel- born graduate of MIT, Goldfajn has said Brazil urgently needs to rebalance its...

  • SANTIAGO, May 17- Chile's central bank held the benchmark interest rate at 3.5 percent on Tuesday, as widely expected, maintaining its bias from the last meeting in April. The bank has held the rate steady since raising it 50 basis points in late 2015 to help contain stubbornly high inflation. Recent data have indicated that, while still above target, consumer price...

  • Some U.S. banks want to discuss with SWIFT whether it responded quickly enough to the breaches and if it should help banks better secure their systems, Bloomberg cited one unidentified source as saying. SWIFT codes for at least seven international banks were written into malware used in an attack that Vietnam's Tien Phong Bank disclosed over the weekend,...

  • Some U.S. banks want to discuss with SWIFT whether it responded quickly enough to the breaches and if it should help banks better secure their systems, Bloomberg cited one unidentified source as saying. SWIFT codes for at least seven international banks were written into malware used in an attack that Vietnam's Tien Phong Bank disclosed over the weekend,...

  • *April consumer prices record biggest gain in over 3 years. May 17- Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report. "The equity market is taking cues from stronger data and some of the comments from Fed members in terms of maybe...

  • CEO of Morgan Stanley James P. Gorman.

    As the vote to exit the EU draws near, Wall Street bank CEOs are stepping up rhetoric against a Brexit.

  • NEW YORK, May 17- A senior female fixed-income banker at Bank of America Corp has filed a lawsuit accusing the bank of underpaying her and other women, and retaliating when she complained about illegal or unethical practices by her colleagues. In a complaint filed on Monday night, managing director Megan Messina said she was a victim of "egregious pay disparity"...

  • *Wall St lower as strong data raises chances of rate hike. NEW YORK, May 17- Stocks fell on Wall Street on Tuesday after strong U.S. inflation data increased the probability of a rate hike from the Federal Reserve, while a global gauge of stocks ticked lower. A more confident Fed is a Fed that is more likely to hike again this summer or fall, "said Brian Jacobsen, chief...

  • BRASILIA, May 17- Brazil's interim government on Tuesday named the lead economist of the nation's largest private bank to head the central bank, in a further shift away from interventionist policies that many blame for a deep recession and near double-digit inflation. An Israel- born graduate of MIT, Goldfajn has said Brazil urgently needs to rebalance its...

  • Angry businessman

    The average pay for a CEO of an S&P 500 company was $12.4 million in 2015, 335 times the average pay of a rank-and-file worker.

  • LONDON, May 17 (Reuters)- The European Union has yet to find a way of tailoring capital rules to smaller banks without making them less able to withstand market shocks, a top banking regulator said. States like Britain and Germany have been calling for EU rules to be made more "proportionate" for smaller banks to help them grow and lend more to the economy.

  • May 17- Job cuts and constrained hiring are expected to continue on Wall Street in 2016, with bonuses likely to be lower than in 2015 due to difficult market conditions, according to a study by compensation consultant Johnson Associates. The forecast for 2016 follows a year in which Wall Street added jobs for the first time in five years and the bonus pool...

  • MOSCOW, May 17- Russia's overnight interbank lending rates are expected to stay below the central bank's key rate in May, the central bank said in a report on Tuesday, illustrating improving sector liquidity. "This implies the CBR will not hasten to cut the key rate because conditions will be easier," said Evgeny Koshelev, an analyst at Rosbank.

  • NEW YORK, May 17- A senior female fixed-income banker at Bank of America Corp filed a lawsuit accusing the bank of underpaying women, and retaliating against her for complaining about illegal or unethical business practices by her colleagues. Her lawsuit filed in Manhattan federal court joins many others accusing Wall Street of bias against female bankers,...

  • NYSE shadow looming

    Wall Street pay is trending lower this year as weak earnings, a tough business environment and regulatory restraints will result in cuts.

  • *Wall St weighs on global stocks gauge. NEW YORK, May 17- Stocks fell on Wall Street Tuesday after strong U.S. inflation data increased the probability of a rate hike from the Federal Reserve, while a global gauge of stocks cut its gains. A more confident Fed is a Fed that is more likely to hike again this summer or fall, "said Brian Jacobsen, chief portfolio strategist at...

  • Goldman changes its mind about this $10T opportunity

    Analysts at the bank say they are taking a bullish position on internet services in China.

  • REMOVES MYANMA ECONOMIC BANK, MYANMAR FOREIGN TRADE BANK, AND MYANMA INVESTMENT AND COMMERCIAL BANK FROM BLACKLIST- TREASURY DEPT.

  • MOSCOW, May 17- Russia's overnight interbank lending rates are seen staying slightly below the central bank's key rate in May, the central bank said in a report on Tuesday, pointing to healthy banking sector liquidity. Money and fixed income markets are pricing in a 25 basis point to 50 basis point cut in the key rate over the next three months, the central bank said.

  • Lending Club executives celebrate with company executives during the company’s IPO at the New York Stock Exchange, Dec. 11, 2014.

    Stop it. This is not the end of marketplace lending as we know it, says crowdfunding expert Dara Albright.

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