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Finance Banks

  • PARIS, May 29- The European Union needs to set simple rules on bank capital to complete its project of bringing banks in the euro zone under a sole EU supervisor, ECB Governing Board member Francois Villeroy de Galhau said on Monday. Speaking in his role as head of the ACPR French financial sector regulator, Villeroy said the EU also needed better coordination...

  • DUBAI, May 29- Saudi Arabian lender Alawwal Bank, 40 percent owned by Royal Bank of Scotland, has picked JPMorgan to advise it on a proposed merger with Saudi British Bank, sources familiar with the matter told Reuters on Monday. Senior management of SABB and Alawwal held talks with advisers on Sunday to discuss the principle of the merger and timeframe for its...

  • PARIS, May 29- The European Union needs to set simple rules on bank capital to complete its banking union under a sole EU-wide sector supervisor, ECB Governing Board member Francois Villeroy de Galhau said on Monday. Speaking in Paris in his role as head of the ACPR French financial sector regulator, Villeroy said the EU also needed better coordination between...

  • See positive macro environment in Europe: Pro

    Yves Maillot, head of European equities investment division at Natixis Asset Management, takes a look at Europe strategically, with comment on the ECB and challenges in the banking sector.

  • Dragon boats race during the DBS Marina Regatta in Singapore.

    Singapore-based bank DBS is hoping an aquatic event can help it ride the millennial wave.

  • Bad loans have risen at Asian banks but they are better placed for growth compared to their European counterpart, according to Singapore's central bank chief

    Deteriorating asset quality at Asian banks in a difficult post-crisis environment must be viewed in perspective, Singapore's central bank chief said.

  • China markets: Stability only for 2017?

    Andrew Collier, MD of Orient Capital Research, weighs in on politics "dictating" the markets this year.

  • Why investors should be concerned about Australia's largest banks

    The major banks have been beneficiaries of a housing market boom in Australia, which appears to be cooling now, says Jonathan Pain of the Pain Report.

  • **VIENNA- Austrian National Bank Governor Ewald Nowotny to speak at a macro-economics conference. BRUSSELS- ECB President Mario Draghi speaks at the European Parliament in Brussels. VIENNA- ECB Governing Council member Erkki Liikanen gives a speech at an Austrian National Bank conference on "Is the post-crisis financial system more resilient?

  • **VIENNA- Austrian National Bank Governor Ewald Nowotny to speak at a macro-economics conference. BRUSSELS- ECB President Mario Draghi speaks at the European Parliament in Brussels. VIENNA- ECB Governing Council member Erkki Liikanen gives a speech at an Austrian National Bank conference on "Is the post-crisis financial system more resilient?

  • DUBAI, May 28- The Saudi Arabian central bank's foreign assets fell in April as the government borrowed heavily abroad, according to official data that suggested Riyadh was bringing money into the country to refill state coffers depleted by low oil prices. Monica Malik, chief economist at Abu Dhabi Commercial Bank, said the government appeared to have...

  • CAIRO, May 28- Egyptian Central Bank Governor Tarek Amer sought on Sunday to defend a surprise decision to hike interest rates last week, saying a historic level of foreign investment of nearly $1 billion entered the country within days of the rate increase. The decision was heavily criticized by Egypt's financial community, which said it would do little to curb...

  • *VIENNA- Austrian National Bank Governor Ewald Nowotny to speak at a macro-economics conference. BRUSSELS- ECB President Mario Draghi speaks at the European Parliament in Brussels. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT.

  • *VIENNA- Austrian National Bank Governor Ewald Nowotny to speak at a macro-economics conference. BRUSSELS- ECB President Mario Draghi speaks at the European Parliament in Brussels. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT.

  • REUTERS POLL- BRAZIL'S CENTRAL BANK WILL LIKELY CUT BENCHMARK LENDING RATE BY 100 BASIS POINTS ON MAY 31.

  • BOGOTA, May 26- Colombia's central bank lowered its benchmark interest rate by 25 basis points on Friday in a bid to boost a slowing economy, despite an uptick in inflation estimates and some members' support for a more severe 50- point cut. Colombia's economy was hit hard by the global fall in prices for crude oil, coupled with inflation figures that reached more...

  • BOGOTA, May 26- Colombia's central bank lowered the benchmark interest rate by 25 basis points to 6.25 percent on Friday to boost a slowing economy, as had been expected by the majority of analysts in a Reuters survey.

  • *Looks at all of Africa, except South Africa, Tanzania. M-Pesa was set up a decade ago by Safaricom, Vodafone's Kenyan business, and has long been expected to push further across Africa. This month, UK- based Vodafone, one of the world's top telecoms operators, transferred its 35 percent stake in Safaricom, Kenya's biggest company by market value, to its majority-owned...

  • MILAN, May 26- Banca Popolare di Vicenza and Veneto Banca have asked an investment fund backed by Italy's healthier banks to come to their rescue by helping to cover a capital shortfall, as demanded by the European Union. Rome has sought EU approval for months to bail out the two Veneto- based lenders and bigger rival Monte dei Paschi di Siena under strict EU bank...

  • MILAN, May 26- Struggling Italian lender Banca Popolare di Vicenza has asked an investment fund backed by the country's healthier banks to come to its rescue by injecting funds to help cover a capital shortfall as required by the European Commission. Popolare di Vicenza and another regional lender in need of additional capital, Veneto Banca, have requested...

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