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  • LONDON, July 28- Morgan Stanley and Italian lenders UniCredit and Intesa SanPaolo have rebuffed a proposal by Italy's third-largest lender, Banca Monte dei Paschi di Siena, to back its proposed 5 billion euro cash call, a source familiar with the matter told Reuters. The troubled lender is trying to pull together a banking consortium to guarantee its proposed...

  • *Central bank tightens monetary policy for 3rd time since Dec 30. COLOMBO, July 28- Sri Lanka's central bank raised its main interest rates by 50 basis points each on Thursday in a surprise move aimed at curbing stubbornly high credit growth that is adding to concern about inflationary pressures. The Central Bank of Sri Lanka raised the standing deposit facility...

  • July 28- Wall Street fell on Thursday morning on mixed earnings and weak economic data, a day after the Federal Reserve decided to keep interest rates unchanged. A report by the U.S. Labor Department showed that unemployment numbers rose more than expected to 266,000 for the week ended July 22. However, Facebook opened at an all-time high of $128.31 after the...

  • July 28- The European Banking Authority releases the results of its 2016 health check on 51 lenders on Friday. Instead the European Central Bank will use banks' performances in the tests to set capital targets for them. Italy's banking system is the weakest among the large European Union countries, with its lenders saddled with around 360 billion euros of bad...

  • TACOMA, Wash. _ Columbia Banking System Inc. on Thursday reported second-quarter net income of $25.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • COLOMBO, July 28- Sri Lanka's central bank raised its key monetary policy rates by 50 basis points on Thursday in a surprise move to curb stubbornly high credit growth that is adding to worries about inflationary pressures. The Central Bank of Sri Lanka raised the standing deposit facility rate and the standing lending facility rate to 7.00 percent and 8.50...

  • July 28- Wall Street was set to open flat on Thursday after the Federal Reserve decided to keep interest rates unchanged, but left the door open for a possible increase in the coming months. Those odds do not go significantly higher even until July next year, according to CME Group's FedWatch tool. Strong economic data has put Wall Street on a record-setting rally...

  • Surfer wipeout

    Some EU banks struggled with U.S. stress tests. Now, they have to play at home.

  • With the U.K. set to leave the EU in the next few years, some businesses may wish to move elsewhere. But can they bet on a warm welcome?

  • LONDON, July 28- Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, consumer confidence plunging, and construction and car sales slowing. Preparing for a Brexit-related slowdown, Lloyds Banking Group said it would cut a further 3,000 jobs and one of...

  • BRUSSELS, July 28- European Union rules limiting remuneration of bankers and financial firms' staff may be too costly for smaller companies and could be reviewed, the European Commission said on Thursday, in a move that addresses concerns raised by banks. Before proposing any changes, Brussels will conduct a study to assess more thoroughly the impact of bonus...

  • LONDON, July 28- Gold rose on Thursday after the Federal Reserve stopped short at this week's policy meeting of indicating that a further increase in U.S. interest rates is on the cards for later this year. Uncertainty over the path of interest rates has held gold in check since it rallied to more than two-year highs in the wake of Britain's shock vote last month to...

  • LONDON, July 28- Gold rose on Thursday after the Federal Reserve stopped short at this week's policy meeting of indicating that a further increase in U.S. interest rates is on the cards for later this year. Uncertainty over the path of interest rates has held gold in check since it rallied to more than two-year highs in the wake of Britain's shock vote last month to...

  • By Andrew MacAskill and Lawrence White. LONDON, July 28- Lloyds Banking Group said on Thursday it would step up its cost cutting plans to help to offset a more testing economic environment caused by Britain's vote to quit the European Union. Britain's largest retail bank aims to save 400 million pounds by end-2017 by axing a further 3,000 jobs and closing an...

  • BMPS is epitome of the sector’s woes: Axiom

    Gildas Surry, senior analyst at Axiom Alternative Investments, says there could be an issue of contagion in both Italy’s and Europe's financial markets.

  • Stress tests are a good tool: BNP Paribas CFO

    When discussing the upcoming ECB stress tests, BNP Paribas CFO, Lars Machenil says the bank has a diversified approach which makes it resilient to many turbulences.

  • Italy has shaped euro banking industry for years: Axiom

    How bad will the ECB stress tests be for Italian banks? Gildas Surry, senior analyst at Axiom Alternative Investments, discusses which lenders will be in the spotlight.

  • Investors wait to hear from the Bank of Japan tomorrow, where the bank is expected to announce more stimulus for the world's third-largest economy. JAPAN IN FOCUS: Investors are now hoping for fresh stimulus efforts from the Bank of Japan, which is expected to vote Friday on expanding monetary policy measures aimed at reviving sputtering growth in Asia's...

  • LONDON, July 28- The dollar fell against the yen on Thursday as expectations faded of the Bank of Japan delivering the radical stimulus package some had expected this week, and after the U.S. Japan's prime minister unveiled a surprisingly large 28 trillion yen stimulus package on Wednesday, putting pressure on the central bank to match it with aggressive...

  • *Q2 net profit 170 Sfr vs Rtrs poll avg loss 192 mln Sfr. ZURICH, July 28- Credit Suisse posted a surprise second-quarter net profit, confounding expectations for a third straight quarterly loss and giving a major boost to Chief Executive Tidjane Thiam's efforts to restructure Switzerland's second-biggest bank. The net profit of 170 million francs was well down...

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