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  • WASHINGTON, July 29- The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September. With a slew of employment, inflation and GDP reports to come before its September meeting, the Fed is unlikely to hint too strongly about its plans, Barclays economists...

  • SHANGHAI, July 29- China's yuan inched up against the dollars on Wednesday as some corporate clients sold dollars after the central bank set the official guidance rate slightly firmer, traders said. The People's Bank of China set the midpoint rate at 6.1150 per dollar prior to market open, 0.01 percent firmer than the previous fix at 6.1154.

  • WASHINGTON— The Federal Reserve is moving toward raising interest rates from record lows— just not likely yet. The meeting will end with a policy statement but no news conference by Chair Janet Yellen. "Our economy is in a much better state," Yellen told Congress earlier this month.

  • Brian Moynihan

    The New York Times explores the environment at Bank of America that led to Thompson's departure and what lies ahead.

  • NEW YORK, July 28- The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday. "Anybody who bought euros amid the 1 percent rally yesterday is likely to take some money off the...

  • LONDON, July 28- Cerberus, the private equity firm named after the mythical three-headed dog guarding the gates of Hades, is leading a charge by U.S. investors who are snapping up European loans at knockdown prices. New York- based Cerberus Capital Management has bought more than 27 billion euros of European loans in the last 2-1/ 2 years, acting along with rivals...

  • LONDON, July 28- Gold edged higher on Tuesday but remained near 5-1/ 2- year lows as markets braced for this week's two-day Federal Reserve meeting, at which policymakers are tipped to give further clues on the timing of a U.S. rate increase. Gold hit a low of $1,077 on Friday, its cheapest since early 2010, in a fifth week of losses. "Gold is treading water despite a...

  • Management shakeup: Catalyst for investment?

    Philippe Bodereau, MD & global head of financial research at Pimco, reveals whether earnings and new management roles have made him more bullish on European banks.

  • LONDON, July 28- The dollar rose from a two-week low against the yen on Tuesday, as investors brushed off China's stock market rout and focused instead on the possibility of a 2015 U.S. interest rate rike ahead of the start of a Federal Reserve meeting. The dollar gained a third of a percent to 123.66 yen, up from its low of 123.01 yen on Monday. "We're in for a little bit of a...

  • This is the top credit risk for Asian banks Monday, 27 Jul 2015 | 9:44 PM ET
    This is the top credit risk for Asian banks

    Eugene Tarzimanov, VP and senior credit officer at Moody's Investors Service, explains why the unwinding of asset bubbles is the biggest risk for Asian banks in the months ahead, followed by China's slowdown.

  • SHANGHAI, July 28- China's central bank will inject 50 billion yuan into the money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said. On Monday, China's benchmark CSI 300 equity index fell 8.5 percent, reversing a government-engineered recovery since in July. The People's Bank of China injected a net 30 billion yuan into the...

  • SHANGHAI, July 28- China's central bank will inject 50 billion yuan into the money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said. On Monday, China's benchmark CSI 300 equity index fell 8.5 percent, reversing a government-engineered recovery since in July. The People's Bank of China injected a net 30 billion yuan into the...

  • WASHINGTON— The Federal Reserve is getting close to raising interest rates for the first time in nearly a decade, perhaps in September. "Our economy is in a much better state," Yellen told Congress earlier this month. The economy still faces an array of threats, from subpar U.S. manufacturing and business investment to troubles in Europe and Asia, which have roiled...

  • American businesses need the Export-Import Bank Monday, 27 Jul 2015 | 10:45 AM ET
    Fred Hochberg and Penny Pritzker

    The Commerce Secretary and head of the Export-Important Bank urge Congress to put U.S. businesses first and reauthorize the bank.

  • July 27- The China Securities Financial Corporation has returned ahead of schedule some of the funds it borrowed from commercial banks to stabilise the stock market, three people in the banking industry with direct knowledge told Reuters. News of the move helps explain why Chinese stock markets fell sharply again late on Monday- marking their worst...

  • SHANGHAI, July 27- The China Securities Financial Corporation returned some of the funds it borrowed from commercial banks intended to stabilise the stock market ahead of schedule, three people in the banking industry with direct knowledge told Reuters. The news comes after Chinese markets posted their worst performance since 2007 on Monday, as investors...

  • Opus Bank posts 2Q profit Monday, 27 Jul 2015 | 7:09 AM ET

    IRVINE, Calif. _ Opus Bank on Monday reported second-quarter earnings of $17.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Opus Bank shares have increased 33 percent since the beginning of the year.

  • Time to buy banks? Monday, 27 Jul 2015 | 5:30 AM ET
    Time to buy banks?

    Chris Wheeler, U.S. banks analyst at Atlantic Equities, discusses which banks have high exposure to volatile China.

  • FRANKFURT, July 27- Bank lending across the euro zone improved further in June as home buyers dashed for cheap loans and brushed off uncertainty over Greece, European Central Bank data showed on Monday. The latest data suggests consumers have largely ignored political troubles in Greece, which had closed down its banks and came close to falling out of the...

  • There's no competition in high street forex: CEO Monday, 27 Jul 2015 | 3:50 AM ET
    There's no competition in high street forex: CEO

    Kristo Käärmann, CEO and co-founder at Transferwise, talks about the fees banks charge for foreign currency and explains how his company reduces these costs.

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