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Finance Banks

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering center to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering centre to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • TOKYO, March 24- Toshiba Corp's main lenders are asking it to submit a bankruptcy filing for U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources. Such a move would pile further pressure on the embattled conglomerate to make a quick decision over a Chapter 11 filing after...

  • TOKYO, March 24- Toshiba Corp's main lenders are asking Toshiba to submit a bankruptcy filing for its U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources. Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd have asked that Westinghouse file for Chapter 11 so that future losses...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • SAN FRANCISCO, March 23- Dallas Federal Reserve Bank President Robert Kaplan said Thursday that the U.S. central bank should be moving "deliberately but patiently" to remove monetary policy accommodation, as long as the economy continues to make progress toward the Federal Reserve's goals.

  • After three quarters of stagnant growth, China's top five banks had some respite in the final quarter that would lead to a small earnings increase in 2016.

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers Association's Government Relations Summit- 1145 GMT. FRANKFURT- French Central Bank Chief Francois Villeroy de Galhau and other top European finance officials speak in Frankfurt. FRANKFURT- European Central Bank...

  • Trading Nation: Big bounce for the banks

    Ari Wald, Oppenheimer, and Chad Morganlander, Washington Crossing Advisors, discuss the moves in bank stocks with Brian Sullivan.

  • San Francisco Federal Reserve Bank President John Williams told the Wall Street Journal Thursday he would want to let the Fed's $4.5 trillion balance sheet begin shrinking by late this year, when U.S. short-term interest rates are expected to be above 1 percent. Mester is often outside the Fed's mainstream, dissenting twice last year in favor of tighter policy;...

  • Eric Mindich at Delivering Alpha 2015 in New York.

    Mindich, a former Goldman Sachs executive, said in a letter that he would return capital after deciding to close operations, The New York Times reports.

  • March 23- State-backed Royal Bank of Scotland said on Thursday it planned to close about 180 bank branches in Britain and Ireland and about 1,000 roles were at risk in the latest round of cuts and closures at the lender. RBS said about 770 roles may be eliminated in Britain and about 220 roles in the Republic of Ireland. "We're frustrated to see RBS show so little...

  • LONDON, March 23- Investors snapped up financial stocks and government bonds from the euro zone's weakest countries on Thursday after banks took more cheap long-term loans from the European Central Bank than expected in the final round of a crisis-fighting scheme. In the last of these targeted long-term refinancing operations on Thursday, some 474 banks...

  • March 23- State-backed Royal Bank of Scotland said on Thursday it planned to close more than 150 bank branches in Britain and 770 roles are at risk in the latest round of cuts and closures at the lender. RBS said in a statement the changes were due to a "dramatic shift" in retail banking in Britain with more customers increasingly banking online.

  • DUBAI, March 23- Oil giant Saudi Aramco has selected Samba Capital as one of two banks to work as an adviser on its planned share sale in Riyadh, banking sources told Reuters on Thursday. At least six investment banks pitched for a role advising the world's largest oil producer on its listing on the Saudi stock exchange in Riyadh, the Tadawul. Samba Financial Group,...

  • SENIOR DEMOCRAT ON SENATE BANKING COMMITTEE BROWN SAYS CONCERNED SEC CHAIR NOMINEE CLAYTON HAS WALL STREET RELATIONSHIPS THAT POSE A HOST OF CONFLICTS, MAY HAVE TO RECUSE HIMSELF TOO OFTEN.

  • U.S. SENATE BANKING CHAIRMAN CRAPO CALLS FOR SECURITIES AND EXCHANGE COMMISSION "TO HAVE ROBUST COST BENEFIT ANALYSIS".

  • Kenya looking to tap new investors to fund big projects. NAIROBI, March 23- Kenya began selling a government bond exclusively via mobile phones on Thursday, a world first aimed at expanding the pool of investors in a country that needs money for infrastructure projects and where many people don't have a bank account. Kenya has borrowed heavily in the past four...

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