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  • This month the former Soviet savings bank, which is still half-owned by the central bank and is headed by an ally of President Vladimir Putin, overtook oil company Rosneft to become the biggest company in Russia by market value. With over a third of Russia's banking deposits, Sberbank has a market grip unseen in most Western economies. Sberbank now wants to use its...

  • *China's central bank skipped OMO for third session. SHANGHAI, March 28- China stocks weakened on Tuesday morning on further signs of tightening liquidity conditions after the central bank refrained from injecting short-term funds into the banking system for the third session in a row. Hong Kong stocks followed Asian markets higher after Wall Street...

  • MORGANTOWN, United States- Federal Reserve Board Governor, Jerome Powell speaks on " America's Central Bank: This History and Structure of the Federal Reserve" before the West Virginia University College of Business and Economics Distinguished Speaker Series 2030 GMT. ONTARIO- Bank of Canada Governor, Stephen Poloz will give speech at Durham College, UOIT and...

  • MORGANTOWN, United States- Federal Reserve Board Governor, Jerome Powell speaks on " America's Central Bank: This History and Structure of the Federal Reserve" before the West Virginia University College of Business and Economics Distinguished Speaker Series 2030 GMT. ONTARIO- Bank of Canada Governor, Stephen Poloz will give speech at Durham College, UOIT and...

  • March 27- Bank holding company Home BancShares Inc said it would acquire regional lender Stonegate Bank in a cash-and-stock deal valued at about $778.4 million. Florida- based Stonegate will merge into Home BancShares' unit, Centennial Bank. Stonegate shareholders will receive proceeds of about $749.8 million, which consists of about $50 million in cash and...

  • Donald Trump

    Monday's market action amounted to a benign volley in a series of shots Wall Street is sending Washington: Get your act together, or else.

  • Barclays analyst: Still constructive on banks

    Jason Goldberg, Barclays managing director and senior equity analyst, shares his outlook on the financial sector, as banks stocks pace for its worst month since January 2016.

  • There could be mergers and acquisitions in the German banking sector to offset the costs of low interest rates, a member of the ECB told CNBC on Monday.

  • LAGOS/ LONDON, March 27- Earlier this year, an open letter in the Nigerian media from a group of businessmen attacked the "shameful" record of central bank governor Godwin Emefiele and demanded that he should go. With Africa's largest economy in recession for the first time in 25 years, the letter reflects growing anger directed at Emefiele, whose insistence on...

  • LONDON, March 27- Britain- based banks should take steps to ensure they do not have to curb lending suddenly if the country leaves the European Union in a disorderly way, the Bank of England said on Monday as Prime Minister Theresa May prepares to start Brexit talks. BoE Governor Mark Carney said in January that the Brexit process was a bigger financial stability...

  • Banks must fulfil ECB requirements: ECB's Lautenschlaeger

    Sabine Lautenschlaeger, executive board member at the European Central Bank, discusses banking regulation in light of Brexit.

  • German markets highly competitive for banks: ECB board member

    Sabine Lautenschlaeger, executive board member at the European Central Bank, adds that there "might be a case for consolidation" in the German banking space.

  • BEIJING, March 27- Industrial and Commercial Bank of China Ltd has appointed Sheila Bair, the former head of the U.S. Federal Deposit Insurance Corporation, as an independent non-executive director. In November, Agricultural Bank of China Ltd agreed to pay a $215 million fine as part of a consent order published by New York's Department of Financial Services for...

  • YEREVAN, March 27- Armenia's central bank chairman has signaled a halt to the easing cycle, saying the bank would now be more cautious in deciding whether to cut rates because of potential economic and financial risks. "Rates lower than level may have undesirable effect on development of economy's real and financial sectors, and that's why the central bank will...

  • FRANKFURT, Germany— A top banking supervisor says that British banks must put down solid roots if they want European banking licenses to keep access after the UK leaves the European Union. "Banks that have their EU base in London— which includes British banks but also non-European ones— could lose access to the other 27 EU countries if Britain opts to break away...

  • Behavox uses machine learning to analyze employees within an organization, build up a picture of workers and then flag anything untoward.

  • The HSBC Holdings Plc headquarters sits in the Canary Wharf business, financial and shopping district of London.

    The Bank of England (BOE) will test the risks associated with sterling dropping by a further 32 percent from today's level to languish at a low of 85 cents by year-end.

  • LONDON, March 27- British banks need to prepare for a wide range of potential outcomes and avoid sudden changes to lending as the country gets ready to leave the European Union, Bank of England policymakers said on Monday. Just two days before Prime Minister Theresa May plans to formally notify the European Union that Britain is ready to start two years of exit...

  • Markets are down but not out after failed health-care bill: Pro

    Tim Edwards, director at S&P Dow Jones Indices, discusses how the market is reacting to U.S. President Donald Trump's failed health-care reform bill.

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