• April 21- Central banks including the Federal Reserve may need to set higher inflation targets in the future to avoid dealing with low economic growth, Eric Rosengren, president of the Federal Reserve Bank of Boston, said in an interview with the Financial Times. Rosengren said he wanted the Federal Open Market Committee to debate about whether the United...

  • ZURICH, April 21- Credit Suisse's first-quarter net profit rose 23 percent, exceeding analysts' expectations, after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs...

  • *BBVA expected to sell stake in CITIC Bank- sources. *Goldman Sachs is top underwriter of Hong Kong blocks. HONG KONG, April 21- A sharp rally in Hong Kong stocks has spawned 11 block trades worth $3.4 billion in April alone and bankers say a raft of similar deals is waiting in the wings, including Spanish lender BBVA's stake in China's CITIC Bank Corp..

  • DIARY- Top Economic Events to April 30 Monday, 20 Apr 2015 | 8:01 PM ET

    SYDNEY- Reserve Bank of Australia to release the minutes of its April policy meeting- 0130 GMT. GENEVA- European Central Bank Supervisory Board Chair Daniele Nouy speaks at the International Center for Monetary and Banking Studies- 1630 GMT. STOCKHOLM- Sweden's Riksbank Deputy Governor Henry Ohlsson takes part in panel debate- 1115 GMT.

  • Preferred Bank misses Street 1Q forecasts Monday, 20 Apr 2015 | 4:48 PM ET

    LOS ANGELES _ Preferred Bank on Monday reported first-quarter earnings of $6.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Preferred Bank shares have risen 4 percent since the beginning of the year.

  • Armed with new law, Ukraine targets its shadowy banks Monday, 20 Apr 2015 | 10:07 AM ET

    KIEV, April 20- For the first time in its post-Soviet history, Ukraine now has a law to prosecute bank owners who use their lenders as little more than personal piggy banks. Under pressure from the IMF, which has agreed a $17.5 billion bailout for Ukraine in exchange for reforms, Kiev plans to use the new banking law to start cleaning up an over-populated and corrupt...

  • April 20- Wall Street investment bank Morgan Stanley reported its most profitable quarter since the financial crisis on Monday, boosted by higher revenue from trading bonds and equities. The bank's trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank...

  • FRANKFURT, April 20- Deutsche Bank's plan to sell Postbank is unlikely to be the only painful decision facing German retail finance this year. Germany's retail banking market, the most fragmented in Europe, is a low-profit battlefield where layoffs, branch closures and consolidation are unavoidable even after Deutsche scales back its involvement.

  • Morgan Stanley's profit surge   Monday, 20 Apr 2015 | 8:30 AM ET
    Morgan Stanley's profit surge

    CNBC's Kate Rogers reports on improving profits at Morgan Stanley.

  • TAKE A LOOK-Deutsche Bank's overhaul Monday, 20 Apr 2015 | 8:26 AM ET

    Deutsche Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by management, sources familiar with the internal discussions at Germany's biggest lender said. >Deutsche Bank leans towards limited revamp with Postbank sale. >Deutsche Bank restructure a "corporate decision"- government.

  • Morgan Stanley reports strong Q1 beat   Monday, 20 Apr 2015 | 8:26 AM ET
    Morgan Stanley reports strong Q1 beat

    CNBC's Mary Thompson breaks down Morgan Stanley's quarterly results.

  • Morgan Stanley profit up on higher trading revenue Monday, 20 Apr 2015 | 7:57 AM ET
    A pedestrian walks by Morgan Stanley headquarters in New York.

    Morgan Stanley reported a much stronger-than-expected rise in quarterly profit, boosted by higher revenue from trading bonds and equities.

  • Morgan Stanley, NY in $500M talks to settle probe Monday, 20 Apr 2015 | 6:30 AM ET
    Morgan Stanley headquarters in New York City.

    Morgan Stanley is in discussions to pay $500 million to settle an investigation by New York's attorney general, The Wall Street Journal reported.

  • *Hang Seng Index falls 2.0 percent. SHANGHAI, April 20- China shares dived on Monday in volatile trade as fears of a regulatory crackdown on the world's hottest stock market offset the central bank's most aggressive move yet to bolster the slowing economy. By the close both the CSI300 index of the largest listed companies in Shanghai and Shenzhen, and the Shanghai...

  • *Loans become political issue in Poland, Croatia. WARSAW/ ZAGREB, April 20- When the Swiss franc surged at the start of the year, there were dire predictions of a wave of debt defaults by the hundreds of thousands of borrowers in eastern Europe who had taken out mortgages in the currency. The pressure is greatest in Croatia and Poland, the two countries with the biggest...

  • SHANGHAI, April 20 (Reuters)- China shares dived on Monday in volatile trade as fears of a regulatory crackdown on the world's hottest stock market offset the central bank's most aggressive move yet to bolster the slowing economy. A cut in banks' reserve requirements announced by the People's Bank of China on Sunday was the largest since the global financial...

  • Deutsche Bank prepares to spin off Postbank Monday, 20 Apr 2015 | 3:22 AM ET

    Deutsche Bank is preparing to divest its Postbank retail operation.

  • Morgan Stanley, NY in $500M settlement talks: Report Monday, 20 Apr 2015 | 3:08 AM ET
    Morgan Stanley

    Morgan Stanley is in talks to pay $500 million to settle a probe by New York's attorney general, the Wall Street Journal (WSJ) reported late Sunday.

  • SEOUL, South Korea— European stocks rose on Monday as investors shrugged off concerns about China's slowing economy that had battered Asian markets earlier in the day. Wall Street was set to open higher after strong earnings from Morgan Stanley. CHINA STIMULUS: China's central bank on Sunday cut the required reserve ratio for banks by 1 percentage point to...

  • TOKYO, April 20- An index of Asian shares slipped on Monday and Chinese stock markets erased earlier sharp gains made after China's central bank boosted banks' lending power by reducing their reserve requirements. Britain's FTSE 100 was seen to open 35 to 36 points higher, or up 0.5 percent; Germany's DAX to open 23 to 25 points higher, or up 0.2 percent; and France's...

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