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  • China's yuan edges up on firmer midpoint, dollar selling Wednesday, 21 Oct 2015 | 12:29 AM ET

    SHANGHAI, Oct 21- China's yuan firmed against the dollar on Wednesday after the central bank set a stronger guidance rate and some banks sold the U.S. currency. The People's Bank of China set the midpoint rate at 6.3473 per dollar prior to market open, 0.22 percent firmer than the previous fix 6.3614. HSBC said in a report on Tuesday that China's yuan "ticks all the...

  • Credit Suisse to raise $6B: London job cuts eyed Wednesday, 21 Oct 2015 | 9:40 AM ET

    Credit Suisse is to raise $6.2B in fresh capital, as its new chief executive tries to address investors' concerns.

  • NEW YORK, Oct 20- The euro rose against the dollar on Tuesday after falling for three straight sessions, bolstered by solid regional economic data and comments from European Central Bank officials suggesting further monetary easing may not be imminent. "What actually changed the euro was that banks have a lending survey and for October it was very positive- only...

  • HONG KONG/ LONDON Oct 20- China's central bank sold its first-ever dim sum bond on Tuesday, placing a one-year issue in London with a yield of 3.10 percent and order books six times the amount it had planned to sell. "An order book in excess of 30 billion RMB is a great positive statement of support for the market," said Chris Jones, global head of local currency syndicate...

  • Crédit Agricole to pay $787M for banking violations Tuesday, 20 Oct 2015 | 12:00 PM ET
    Anthony Albanese

    The NYDFS announced today that Crédit Agricole will pay $787 million and install an independent monitor for violating New York banking law.

  • LONDON, Oct 20- British finance minister George Osborne's decision to scrap' guilty until proven innocent' rules for bankers in Britain will help to avoid legal uncertainty and does not water down the reforms, Britain's top banking supervisor said. Deputy Bank of England governor Andrew Bailey told a parliamentary committee on Tuesday that the banks and their...

  • Public markets temporarily less attractive: JPM's Wintroub

    JPMorgan Vice Chairman Noah Wintroub discusses the health of the IPO market amid recent volatility.

  • LONDON, Oct 20- Bank of England Governor Mark Carney will spell out how Britain's membership of the European Union affects the central bank's ability to manage the economy and protect the country's banking sector in a speech on Wednesday. Speaking to legislators on Tuesday, Carney sought to play down the speech, saying it would be "a bit of a yawner," but any foray by...

  • Deutsche Bank made a $6 billion mistake Tuesday, 20 Oct 2015 | 7:00 AM ET
    Deutsche Bank made a $6 billion mistake

    Deutsche Bank mistakenly paid $6B to a hedge fund client.

  • LONDON, Oct 20- A decision by British finance minister George Osborne to scrap "guilty-until-proven-innocent" rules for bankers in Britain will help avoid legal uncertainties and does not represent a watering down of the reform, Britain's top banking supervisor said. Andrew Bailey, a deputy governor of the Bank of England, said there had been a lot of "noise"...

  • *Gold snaps 3- day losing streak to rise. LONDON, Oct 20- Gold firmed on Tuesday as the euro recovered some lost ground against the dollar ahead of a European Central Bank meeting this week, which is expected clarify the outlook for monetary policy after mixed messages from policymakers. Gold touched a 3-1/ 2- month high last week on bets the Federal Reserve would not...

  • *China stocks hit near 2- month as recovery continues. *China uncertainty weigh on metals. LONDON, Oct 20- European shares fell for the first time in four days on Tuesday and the euro kicked away from a 10- day low as solid euro zone bank lending data cooled expectations of another jolt of European Central Bank stimulus this week.

  • LONDON, Oct 19- Bank of England Governor Mark Carney will spell out how Britain's membership of the European Union affects the central bank's ability to manage the economy and protect the country's banking sector in a key speech on Wednesday. Cameron is trying to renegotiate the terms of Britain's EU membership and has not yet set a firm referendum date.

  • Are regulators creating problems for banks and lenders?

    Michael Wolf, CEO of Swedbank, says he is pleased with the bank's capital buffers, even though the bank's Q3 net profit is down 14 percent.

  • Australia wants major banks to raise lots of capital Tuesday, 20 Oct 2015 | 1:34 AM ET

    A government-backed inquiry in Australia called for more competition and stronger capital reserves for the nation's four major banks.

  • Will he or won’t he? Is Draghi set to launch QE2? Tuesday, 20 Oct 2015 | 1:03 AM ET
    European Central Bank President Mario Draghi

    One subject that is expected to come up this week is whether the bank needs to turn up the heat on its 1 trillion euro ($1.1 trillion) bond-buying program.

  • Will higher capital levels help Australian banks? Monday, 19 Oct 2015 | 11:05 PM ET
    Will higher capital levels help Australian banks?

    Merely raising capital levels is not going create "unquestionably strong" banks, warns Nathan Bell, head of research at Peters MacGregor Capital Management.

  • Australia FinMin on hiking banks' capital levels Monday, 19 Oct 2015 | 10:05 PM ET
    Australia FinMin on hiking banks' capital levels

    Mathias Cormann, Australia's finance minister, explains how tougher capital requirements for Australian banks will fortify them against instability.

  • PBOC needs to ease aggressively: BoAML Monday, 19 Oct 2015 | 9:08 PM ET
    PBOC needs to ease aggressively: BoAML

    The People's Bank of China must loosen monetary policies, based on China's slowing growth and debt deflation, says Ajay Kapur, head of APAC and EM strategy at BoAML.

  • 'Australia's capital requirements aren't onerous' Monday, 19 Oct 2015 | 8:09 PM ET
    'Australia's capital requirements aren't onerous'

    The stricter capital requirements will bring Australian banks "up to the top quartile of international standards," explains Michael Kelly, MD and global head of multi-asset at PineBridge Investments.

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