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  • MEXICO CITY, July 30- Mexico substantially bolstered its intervention program to defend the peso on Thursday as the central bank warned that the currency could slump further after a recent string of record lows. The currency commission, run jointly by the finance ministry and the central bank, said it would increase daily dollar auctions just as the Banco de...

  • MADRID, July 30- Spanish bank Santander said on Thursday former U.S. banking regulator Sheila Bair had resigned from its board after being named rector of Washington College in Maryland. Bair, who ran the Federal Deposit Insurance Corporation from 2006 to 2011, was appointed to the board of the euro zone's biggest bank, which is making a big push in the United...

  • LONDON, July 30- Hopes the worst is over for big banks' financial market trading look premature, with the latest snapshot of earnings and volumes suggesting the pressure on these operations remains intense. "FICC revenues for the Coalition Index will decline in Q2 this year versus Q2 last year, and the first half versus the first half last year," said George...

  • *British arm becomes main profit engine, Spain lags. The stronger growth points to progress in Chairwoman Ana Botin's plan to improve profits by expanding lending rather than through acquisitions, as the bank tries to ride an economic recovery in Europe. In Britain-- now the group's biggest profit engine ahead of Brazil-- lending rose nearly 3 percent from the end...

  • MOSCOW, July 30- Russia's second-largest bank VTB said on Thursday it had completed the placement of around 307 billion roubles of preference shares with the state corporation Deposit Insurance Agency. The share issue is to be included in VTB Bank's core Tier 1 capital following registration of the issue by the central bank, VTB said in a regulatory filing.

  • LONDON, July 30- Gold fell more than 1 percent on Thursday, trading close to a 5-1/ 2- year low hit last week, as the dollar jumped after the Federal Reserve left the door open for a rate rise in September and ahead of U.S. Spot gold dropped 1.3 percent to a session low of $1,081.85 an ounce in earlier trade, not far from its cheapest since February 2010 at $1,077 hit after a...

  • FRANKFURT, July 30- Deutsche Bank's new boss hit out at staff in a memo on Thursday saying performance was "nowhere good enough" after Germany's largest bank warned that its turnaround was at risk from heavy legal charges. "The status quo is not an option," he said in staff memo after the bank reported a second-quarter net profit of 818 million euros, slightly better...

  • HONG KONG/ SHANGHAI, July 30- China shares fell again on Thursday after a report that banks were trying to get to grips with their financial exposure to the stock market slump in June added to a pall of uncertainty for investors. The benchmark CSI300 index of the largest listed companies in Shanghai and Shenzhen closed down 2.9 percent, while the Shanghai...

  • FRANKFURT, July 30- Deutsche Bank warned that its new performance targets were at risk from heavy legal charges as it set aside 1.2 billion euros for fines and settlements and reported quarterly earnings largely in line with expectations. The results are Deutsche Bank's first under new boss John Cryan who has taken over after the early resignation of its...

  • LONDON— Second-quarter profit at taxpayer-owned Royal Bank of Scotland rose 27 percent, it announced Thursday, but warned the cost of past scandals may continue to weigh on earnings. Net income for the period advanced to 293 million pounds from 230 million pounds a year earlier as the value of RBS's stake in U.S.-based Citizens Bank increased.

  • MANILA, July 30- Gold fell more than 1 percent to near its weakest level since early 2010 on Thursday, as the dollar jumped ahead of U.S. economic data that is likely to strengthen expectations for an interest rate hike by the Federal Reserve in September. Spot gold dropped 1 percent to $1,084.46 an ounce by 0659 GMT, after hitting a low of $1,081.85.

  • TOKYO, July 30- Japanese government bonds edged down on Thursday, tracking U.S. Treasuries which dropped after the U.S. Federal Reserve left the door open for an interest rate hike as early as September.

  • Royal Bank of Scotland reported a modest increase in second quarter profit after booking a £1.05 billion charge for the costs of restructuring.

  • Deutsche Bank reported quarterly earnings largely in line with expectations but warned that challenges remained to cut costs.

  • WASHINGTON— Expectations have grown that sometime this year, the Federal Reserve will raise interest rates from record lows. The only question seems to be when. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has stressed that any increase will be driven by the latest economic data.

  • *U.S. central bank keeps door open to September rate hike. TOKYO, July 30- The dollar firmed to a near one-week high on Thursday ahead of U.S. gross domestic product data that could reinforce expectations that the Federal Reserve is on track to raise interest rates as early as September. "We're seeing some pretty good follow-through, in terms of U.S. dollar-buying,...

  • MANILA, July 30- Gold dipped towards its weakest level since early 2010 on Thursday after the Federal Reserve said the U.S. economy continues to strengthen, supporting a potential interest rate rise when the Fed meets again in September. It sank to as low as $1,077 last week, its weakest since February 2010, after a selloff in New York and Shanghai and has since...

  • MANILA, July 30- Gold hovered not far from a 5-1/ 2- year low early on Thursday after the Federal Reserve said the U.S. economy and job market continue to strengthen, supporting a possibile interest rate rise when the Fed meets again in September. *Spot gold was flat at $1,096.75 an ounce by 0036 GMT. It sank to as low as $1,077 last week, its weakest since February 2010,...

  • TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...

  • China’s weakened property market could hit banks: S&P Wednesday, 29 Jul 2015 | 7:19 PM ET

    China's property market slump could hit the banks according to ratings agency S&P, in the latest warning to the world's second largest economy.

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