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  • *Q1 net profit $217.2 mln vs $216.3 mln last year. AMMAN, April 22- Arab Bank Group, Jordan's largest lender, posted a small rise in first-quarter net profit to $217.2 million on Wednesday, helped by a rise in loans and customer deposits. Arab Bank, present in 30 countries in five continents, owns 40 percent of Saudi Arabia's Arab National Bank ANB.

  • TREASURIES-U.S. yields rise with German bond selloff Wednesday, 22 Apr 2015 | 11:23 AM ET

    *Immediate risk from Greece reduced for time being. A stronger-than-expected rise in domestic existing home sales in March revived bets the Federal Reserve would raise interest rates later this year, overshadowing concerns about the absence of a deal between Greece and its creditors. Traders had snapped up Bunds since the European Central Bank began its 1.1...

  • CHICAGO, April 22- Farmers in the central U.S. grain and livestock states continued to take out new operating loans in the first quarter of 2015 as low grain prices failed to cover high costs for seed, rents and crop chemicals ahead of spring field work, the Federal Reserve Bank of Kansas City said on Wednesday. Corn prices set record highs in 2012 amid the biofuels...

  • HONG KONG, April 22- UBS, Singapore's Temasek Holdings and French bank BNP Paribas are among half a dozen preliminary bidders to buy up to a 10 percent stake in state-owned Postal Savings Bank of China for at least $3 billion, people familiar with the matter told Reuters on Wednesday. PSBC is preparing for an initial public offering next year, which could raise...

  • UK watchdog fines BAML $20 million for reporting failures Wednesday, 22 Apr 2015 | 6:18 AM ET

    The UK's markets regulator has fined Bank of America Merrill Lynch a record $20 million for failing to report transactions properly.

  • Metro Bank Chair: We'll yet make a profit Wednesday, 22 Apr 2015 | 3:15 AM ET
    Metro Bank Chair: We'll yet make a profit

    Metro Bank founder and chairman, Vernon Hill, says the loss-making lender is set to make a profit, but is currently focusing on building size and base.

  • TOKYO, April 22- The Bank of Japan is expected to hold off on expanding monetary stimulus at next week's rate review even though the central bank is likely to trim its inflation forecast for this fiscal year, said sources familiar with its thinking. In a twice-yearly review of its forecasts on April 30, the BOJ is seen slightly downgrading its core consumer...

  • ATHENS, April 22- The European Central Bank will continue to fund Greek banks as long as they stay solvent and have enough collateral, Executive Board Member Benoit Coeure told a newspaper on Wednesday, dismissing talk that Athens might ditch the euro. Worries over the standoff between the leftist-led government in Athens and its creditors- the euro zone and the...

  • TOKYO, April 22- The Bank of Japan is expected to hold off on expanding monetary stimulus next week even though the bank is likely to slightly reduce its inflation forecast for this fiscal year, said sources familiar with its thinking. In a semiannual outlook report due at a rate review on April 30, the central bank is seen slightly downgrading its core consumer...

  • ATHENS, April 22- The European Central Bank will continue to provide liquidity to Greece's banks as long as they remain solvent and have sufficient collateral, ECB Executive Board Member Benoit Coeure told Greek newspaper Kathimerini on Wednesday in an interview. He said imposing capital controls was "not a working assumption" for the ECB, while speculation...

  • Judge allows case against Stanford banks to go on Tuesday, 21 Apr 2015 | 6:58 PM ET
    Allen Stanford arrives at the Bob Casey Federal Courthouse in Houston on March 5, 2012.

    A judge has upheld most claims in a lawsuit against banks accused of playing a role in financier Allen Stanford's Ponzi scheme.

  • *Banks to lend $100 bln for "technological renovation" in Hebei. BEIJING, April 22- Days before Beijing cut bank reserve requirements to boost lending to China's slowing economy, officials in Hebei province met with dozens of banks and steel mills to find financing to revive local industry and tackle chronic environmental problems. "Hebei is enjoying favorable...

  • TORONTO, April 21- The provision of European Central Bank emergency liquidity to Greece is "directly correlated" to the health of its banks and will continue as long as the preconditions are met, a top policymaker from Germany's Bundesbank said on Tuesday. "Clearly, the state of the of Greece is very important for the emergency liquidity and also the state of the...

  • Uber and Capital One partner on cheaper rides Tuesday, 21 Apr 2015 | 1:57 PM ET
    Uber signage inside the company's office.

    Uber and Capital One announced Tuesday a partnership to allow Quicksilver customers to get 20 percent back as a statement credit on every Uber ride.

  • *ECB may reduce collateral value for Greek banks- Bloomberg. Treasuries prices were little changed on Tuesday, steadying after the prior day's losses, as worries about Greek banks' access to cash were offset Staff at the European Central Bank have prepared a plan to reduce further the value it assigns to securities Greek banks use to get emergency funding,...

  • *Deutsche Bank could value Postbank at around 3.6 billion euros. FRANKFURT, April 21- Postbank is a low-profit retail banking network in need of restructuring but current owner Deutsche Bank may discover plenty of potential buyers prepared to look beyond the blemishes of the German chain. Selling Postbank on the stock market instead of directly to a strategic...

  • U.S. regulator wants better deposit data from big banks Tuesday, 21 Apr 2015 | 10:00 AM ET

    WASHINGTON, April 21- The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex. It said the FDIC "has often found inconsistent and missing data" in the current records, which the banks need to provide because of an...

  • *Discretion can impair comparability- Basel Committee. LONDON, April 21- Global regulators have jettisoned a string of national "waivers" from bank capital rules to help restore credibility in benchmark ratios published by lenders. "National discretion allows countries to adapt the Basel standards to reflect differences in local financial systems," the...

  • *Fourth UAE bank to report double-digit earnings growth. DUBAI, April 21- Abu Dhabi Commercial Bank posted a 31 percent increase in first-quarter net profit on Tuesday, beating analysts' forecasts, boosted by strong returns from fees and lending. It made a net profit attributable to equity shareholders of 1.25 billion dirhams in the three months ended March 31,...

  • US pushes for banks' forex probe settlement in May Tuesday, 21 Apr 2015 | 3:22 AM ET
    People pass a sign for JPMorgan Chase & Co. at it's headquarters in Manhattan.

    The U.S. Department of Justice is pushing for 5 banks to resolve charges they manipulated FX markets in a mega settlement in mid-May, the FT reported.

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