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  • SHANGHAI, Nov 25- China's central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone disguised as foreign investment, two sources with knowledge of the instructions said on Friday. The Shanghai headquarters of the People's Bank of China asked for particular vigilance against money originating in...

  • *Banks still face prosecution in Australia over conduct. The two Australian banks said in separate statements they offered to pay the fines after the antitrust agency started court proceedings over the companies' actions in Singapore when trading foreign exchange contracts for the Malaysian ringgit in 2011.. "These proceedings are a reminder that...

  • *Banks still face prosecution in Australia over conduct. The two Australian banks said in separate statements on Friday they offered to pay the fines after the antitrust agency started court proceedings over the companies' actions in Singapore when trading foreign exchange contracts for the Malaysian ringgit in 2011.. "These proceedings are a reminder that...

  • *Spot gold was down 0.1 percent at $1,182.28 an ounce by 0040 GMT. *The European Central Bank sees rising risks to euro zone financial stability and is watching for any fallout from Italy's constitutional referendum next month, ECB Vice President Vitor Constancio said on Thursday. *Top consumer China's net gold imports via main conduit Hong Kong rose 15.8...

  • MONDAY, NOVEMBER 28 BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT. BRUSSELS- European Central Bank Chief Economist Peter Praet speaks on "Challenges to economic integration at the European...

  • SAO PAULO, Nov 24- Banco Bradesco SA will spend three years enhancing existing banking technology platforms to lure younger clients and stem potential competition from financial technology startups that are becoming more appealing, Chief Executive Officer Luiz Carlos Trabuco said on Thursday. Bradesco, Brazil's No. 3 listed bank, sees banking mobility...

  • SAO PAULO, Nov 24- Banco Bradesco SA plans to enhance existing mobile phone banking platforms to lure younger clients and stem potential competition from financial technology startups that are becoming more appealing to customers, a senior executive said on Thursday. Bradesco, Brazil's No. 3 listed bank, sees banking mobility solutions as a way to make...

  • VIENNA, Nov 24- The euro zone's national banking systems are pulling apart, rather than coming closer together, and that is leaving them more exposed to domestic shocks, the European Central Bank's chief economist said on Thursday. But ECB chief economist Peter Praet said euro zone's banks have in fact become more domestically focussed than before.

  • VIENNA, Nov 24- Europe's long-planned banking union, one of the pillars of its response to the financial crisis, is being held back by "integration fatigue," the European Central Bank's chief economist said on Thursday. "I have the impression of integration fatigue where it is not very clear what will be the end regime for the banking union," Praet told reporters in...

  • The extent of its use in the future is difficult to predict, but at least a portion of the estimated $2 trillion of projects planned in the Gulf Cooperation Council are likely to require ECA involvement. As a result, the drivers of infrastructure spends, such as sovereigns and large public sector entities, are evaluating alternate modes of financing, including...

  • SIENA, Italy, Nov 24- Italy's Monte dei Paschi di Siena gathered enough shareholders at a meeting on Thursday to enable a vote to go ahead on a 5 billion euro share issue needed to stave off the risk of the bank being wound down. A required 20 percent quorum had risked proving a hurdle because Italy's third-largest bank has a very fragmented shareholder base...

  • BEIJING, Nov 24- China's banking regulator may be getting serious about how lenders provision for the more than 20 trillion yuan of wealth management products that have been issued as non-guaranteed off-balance sheet liabilities. The China Banking Regulatory Commission, in new draft rules released on Wednesday, demanded banks apply a more "comprehensive"...

  • TOKYO, Nov 24- The dollar firmed in Asian trading on Thursday after news of a pickup in U.S. economic growth early in the fourth quarter increased the chances of the Federal Reserve tightening monetary policy. U.S. markets will be closed Thursday for the Thanksgiving holiday, while Tokyo markets were closed for a public holiday on Wednesday.

  • STOCKHOLM- Swedish Deputy Central Bank Governor Martin Floden talks about the advantages and disadvantages of negative interest rates- 0945 GMT. BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400...

  • *China's offshore yuan hits record low. NEW YORK, Nov 23- The dollar surged to its highest since March 2003 on Wednesday, bolstered by upbeat U.S. economic reports that showed the economy on track for steady growth as they reinforced expectations of rate increases by the Federal Reserve next month and in 2017.. U.S. consumer sentiment also improved this month...

  • WASHINGTON, Nov 23- Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed's Nov. 1-2 meeting showed. The minutes released on Wednesday back the consensus view on Wall Street that the Fed is poised to raise rates in...

  • Nov 23- Having spent billions of dollars on post-crisis U.S. financial industry reforms they once scorned, bankers are concerned the Trump administration, joined by a like-minded Congress, will scrap or significantly change the rules. President-elect Donald Trump, who takes office on Jan. 20, and some important lawmakers in the incoming Republican Congress...

  • STOCKHOLM, Nov 23- Growing foreign exchange reserves and a strong banking sector mean that Iceland could fully remove all its remaining capital controls next year, the head of the country's central bank said on Wednesday. The government has started dismantling capital controls, easing restrictions on local residents this year, and central bank Governor Mar...

  • WASHINGTON, Nov 22- A U.S. banking regulator is considering whether to harden sanctions against lenders that abuse their clients or violate banking laws, according to a draft plan, seen by Reuters, that was drawn up in the wake of a scandal at Wells Fargo. Wells Fargo in September agreed to pay $190 million to settle charges that bank employees opened as many as 2...

  • Sanctions on non-U.S. entities doing business with Iranian companies were lifted with implementation in January of the nuclear accord with Iran, but Brazilian banks remained worried they could still face repercussions, said Rodrigo Azeredo, Brazil's top diplomat for trade. The assurances from the Treasury's Office of Foreign Assets Control should remove...

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