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Finance Banks

  • LONDON, May 25- Intesa Sanpaolo has launched the process to syndicate a loan it provided to Glencore and a Qatari sovereign wealth fund for their purchase of a 19.5 percent stake in Russia's Rosneft, banking sources said on Thursday. Intesa provided a 5.2 billion euro loan to Glencore and the Qatar Investment Authority late last year, and the Italian bank is now...

  • TORONTO, May 25- Three of Canada's biggest banks on Thursday played down concerns that Home Capital Group's problems could impact the broader financial system and reported quarterly results that topped market expectations. The comments from executives came as investors, worried about a possible slowdown in Canada's red-hot housing market, are...

  • SAO PAULO, May 25- Most Latin American currencies traded sideways on Thursday after the Federal Reserve dialed down some expectations that it would hike interest rates rapidly, while political uncertainty weighed on Brazilian markets. Also fostering caution in Brazilian markets was growing political turmoil resulting from a scandal in which President...

  • TORONTO, May 25- The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems. "The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized...

  • LONDON, May 25- Borrowing costs across the euro area fell on Thursday on further signs that major central banks are wary of stepping back from ultra-loose monetary policies too quickly. Bank of Japan board member Makoto Sakurai on Thursday ruled out the chance of an imminent hike in the BOJ's bond yield target, stressing the need to maintain its massive stimulus...

  • WASHINGTON— Alicia Johnson and her husband wanted to renovate their home last fall but ran into a roadblock: When they tried to refinance their mortgage and borrow against their equity, five banks said no. Problem was, the Johnsons' mortgage covered their home in Christiansburg, Virginia, and some adjacent land— a deal-breaker. "They all pointed to the same thing: The...

  • ROME/ MILAN, May 25- Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region...

  • LONDON, May 25- Global regulators will soon finalize a suite of rules to ensure banks across the world hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks to try to boost lending to the economy, and threats by the European Union to stop the new...

  • LONDON, May 25- Global regulators will soon finalise a suite of rules to ensure banks across the world hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks to try to boost lending to the economy, and threats by the European Union to stop the new...

  • TORONTO, May 25- Canada's main stock index rose in early trading on Thursday, boosted by sharp gains for shares of major banks whose quarterly earnings impressed investors. Canada's second-largest lender, Toronto-Dominion Bank, was up 2.2 percent at C $64.45. At 10:12 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 64.37 points, or 0.42...

  • A customer signs for a purchase with a chip credit card at a Wal-Mart location in Burbank, California.

    House Republicans had planned to repeal the Durbin amendment, a measure opposed by banks but supported by merchants.

  • ROME/ MILAN, May 25- Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region and...

  • LONDON, May 25- Global regulators will soon finalize a suite of rules to ensure banks hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks in a bid to boost lending to the economy, and threats by the European Union to stop the new rules if they...

  • LONDON, May 25- Global regulators will soon finalise a suite of rules to ensure banks hold enough capital to withstand rocky markets without taxpayer aid, one of their top officials said on Thursday. President Donald Trump's call to ease regulation on banks in a bid to boost lending to the economy, and threats by the European Union to stop the new rules if they...

  • MILAN, May 25- Italy is working with European authorities to find a rapid solution for troubled regional banks Popolare di Vicenza and Veneto Banca, the government said, as investors worried that the lenders may fail to get the state aid they have requested. Italy has been in talks with Brussels for months over its plans to rescue the two banks based in the...

  • TORONTO, May 25- Royal Bank of Canada reported an 11 percent increase in second quarter earnings, beating market forecasts, helped by a strong performance in its capital markets and wealth management businesses. Canada's biggest lender by assets and market value on Thursday said earnings per share, excluding one-off items, rose to C $1.85 per share in the...

  • LONDON, May 25- Borrowing costs across the euro area fell on Thursday on further signs that major central banks are wary of stepping back from ultra-loose monetary policies too quickly. Bank of Japan board member Makoto Sakurai on Thursday ruled out the chance of an imminent hike in the BOJ's bond yield target, stressing the need to maintain its massive stimulus...

  • LONDON, May 25- On U.S. election day last November, banking executive David Puth stood in line behind Woody Allen to vote in his Manhattan neighbourhood and then got on a plane to be shouted at for the rest of the day by a group of rich fund managers. "It was hostile," he says.

  • LONDON, May 25- On U.S. election day last November, banking executive David Puth stood in line behind Woody Allen to vote in his Manhattan neighborhood and then got on a plane to be shouted at for the rest of the day by a group of rich fund managers. "It was hostile," he says.

  • LONDON, May 25- The dollar was on the defensive on Thursday, with investors low on incentives to buy the greenback after the Federal Reserve dialled down some expectations that it would hike interest rates soon, while the euro began to climb back towards a 6-1/ 2- month high. The minutes were seen to indicate heightened Fed caution towards interest rate hikes and...

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