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  • NEW YORK, Aug 3- New York state's financial watchdog effectively suspended Promontory Financial Group LLC, a prominent consulting firm, from doing regulatory work for banks licensed by the state after finding that it whitewashed reports it gave to authorities. The New York State Department of Financial Services found that Promontory was not sufficiently...

  • Should be more of this in the banking industry: CIT CEO

    CIT Group CEO John Thain discusses CIT Group acquiring OneWest bank, the economy, and the regulatory environment.

  • *Britain starts sale of RBS stake at a loss. *UK faces loss on 45 bln stg RBS bailout after profit on Lloyds. LONDON, Aug 3- Britain started the sale of a 2 billion pounds stake in Royal Bank of Scotland on Monday, beginning the disposal of its holding in the bank seven years after a multi-billion pound bailout at the height of the financial crisis.

  • There's money to be made in energy: Pro

    Keith Banks, U.S. Trust president shares his outlook on the markets and top sector picks.

  • These are the changes HSBC must make

    Chris Wheeler, banks analyst for Atlantic, discusses the challenges facing HSBC.

  • MEXICO CITY, Aug 3- Mexican companies warn they will have to raise prices if a steep slide in the peso currency persists, adding pressure on the central bank to hike interest rates despite a weak economy. Price hikes by manufacturers could push service providers to follow suit, unleash demand for higher wages and undo Mexico's success in bringing down inflation.

  • FRANKFURT/ ATHENS, Aug 3- Greece is unlikely to ask for an increase in emergency funding from the European Central Bank for weeks, because its liquidity buffer has risen thanks to cash inflows and central bank help, two sources familiar with the situation told Reuters. The bank liquidity buffer has grown to about 5 billion euros from 1 billion to 2 billion euros at...

  • Mid-2016: Greece heading back to positive growth?

    Nikos Vettas, general director at Foundation for Economic & Industrial Research, discusses the current uncertainty surrounding Greece's economic activity.

  • HSBC is in 'transitional period': Pro

    Eric Moore, fund manager at Miton, explains why HSBC is the "world's most complex bank", while discussing its earnings report.

  • ATHENS, Greece— Greece suffered its worst stock market bloodbath in decades on Monday, when it opened after a forced five-week closure, and new data showed a dismal outlook for the bailout-dependent country's shrinking economy. "There's a sense of panic," said Evangelos Sioutis, financial analyst and head of equities at Guardian Trust. Markets in the rest of the...

  • *Bank of England to publish updated forecasts on Aug. 6. LONDON, Aug 3- As the Bank of England moves closer to raising interest rates for the first time since 2007, the strength of sterling is causing disagreement among its policymakers over when to pull the trigger. The pound hit its highest level in over seven years against the currencies of Britain's main trading...

  • ATHENS, Aug 2- Greece's stock market fell sharply on Monday after being shut down for five weeks under capital controls imposed by the government in Athens to stop a flight of euros from the country. National Bank of Greece, the country's largest commercial bank, was down 30 percent, the daily limit. The bourse was last open for trading on June 26.

  • *Commerzbank shares indicated up 2.2 percent. FRANKFURT, Aug 3- Commerzbank's second-quarter net profit more than doubled thanks to strong retail banking activities, and the German lender announced its first dividend since 2007.. Commerzbank, a household name in Germany which finances more than a third of the nation's exports, is more than half way through a...

  • commerzbank-200.jpg

    Second-quarter net profit more than doubles to $307 million as the German lender benefits from strong retail banking activities.

  • China: a double-edged sword for HSBC?

    Peter Thal-Larsen, Asia editor for Reuters Breakingviews, says there are still growth opportunities in China for HSBC.

  • Will the sale of Brazilian unit save HSBC?

    Ismael Pili, head of financials research, Asia at Macquarie Securities, discusses HSBC's decision to sell its entire Brazil business to Banco Bradesco.

  • HONG KONG— HSBC Holdings PLC, Europe's biggest bank, said Monday that strong performance in Asia helped to boost first-half profit by 10 percent. Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve...

  • SHANGHAI, Aug 3- China's yuan barely moved against the dollar on Monday after the central bank fixed its guidance rate little changed, while a fresh survey showing that the Chinese factory activity remained weak had no immediate impact on trading. The People's Bank of China set the midpoint rate at 6.1169 per dollar prior to market open, compared with the...

  • HONG KONG, Aug 3- HSBC Holdings reported a 10 percent increase in earnings for the first half of the year, boosted by bumper profits in Hong Kong as the lender considers whether to move its headquarters from London to the Asian hub. HSBC also announced the sale of its Brazil unit to Banco Bradesco SA, the country's second-biggest private-sector bank, for 17.6...

  • Expect improvements in HSBC's results: Pro Sunday, 2 Aug 2015 | 11:47 PM ET
    Expect improvements in HSBC's results: Pro

    Martin Smith, head of Markets Analysis at East & Partners, expects HSBC's first-half results to improve by 15-20 percent on the back of its Hong Kong operations.

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