There's been a tremendous increase in the states getting involved in areas of regulations they did not usually get involved in before, says Eric Dinallo, Debevosie & Plimpton LLP partner, discussing banking regulations.» Read More
*Bank of Cyprus raises 1 bln euros from EU, US investors. LONDON/ NICOSIA, July 29- Bank of Cyprus, which has just raised 1 billion euros from investors, plans to sell up to 1 billion euros in bonds in September, chief executive John Hourican said, a move that would mark a rehabilitation of the euro zone's first bank to recapitalise using depositors' cash.
LONDON, July 29- Gold hit its highest in nearly a week on Tuesday as violence flared in the Middle East and Ukraine, but gains were capped by uncertainty ahead of a Federal Reserve policy meeting and important U.S. data later this week.
BERLIN— Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.
Edmund Salvesen, banks analyst at Brewin Dolphin, says investors in European banks need to weigh up the risks of an "endless bag" of litigation costs.
GENEVA— Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being investigated over alternative trading systems called "dark pools."
*Dollar index holds near six-month peak, euro eight- month trough. SYDNEY/ SINGAPORE, July 29- The dollar held steady near a six-month peak against a basket of major currencies on Tuesday, as investors kept to the sidelines ahead of a policy review by the Federal Reserve.
*Geopolitical tensions support $1,300- an-ounce level. SINGAPORE, July 29- Gold was little changed just above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors also focusing on U.S. jobs data and a Federal Reserve policy meeting this week.
Cynthia Meng, MD of Hong Kong China Technology, Media and Telecommunications Equity Research at Jefferies, describes how the bank will benefit from tapping into microfinancing markets.
SINGAPORE, July 29- Gold was little changed above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors waiting for cues from U.S. jobs data and a Federal Reserve policy meeting this week. *Gold, seen as a safe-haven asset, has benefited from tensions between the West and Russia.
NICOSIA, July 28- Bank of Cyprus, the Cypriot lender that recapitalised by seizing its clients' deposits last year, said it had raised 1 billion euros in a private placement on Monday, drawing in investors from the United States and Russia as well as from an EU-controlled bank.
LISBON, July 28- Portugal's central bank said late on Monday that if Banco Espirito Santo posts a loss larger than its existing capital cushion of 2.1 billion euros, a capital increase will be used to guarantee adequate solvency levels.
NICOSIA, Cyprus— Cyprus' largest bank says it has bolstered its capital base by raising 1 billion euros through a private placement of new shares. Bank of Cyprus said in a statement late Monday that the new shares each valued at 0.24 euros went to institutional investors form Europe, North America and Russia.
*Ukraine- Russia tensions, Israel- Palestine cut gold's losses. NEW YORK/ LONDON, July 28- Gold was little changed on Monday as traders and investors awaited the outcome of a Federal Reserve policy meeting, while hazarding a guess on what U.S. jobs numbers for the month might be.
Senior Fed officials seem to have slipped back into their pre-2008 ways, says Simon Johnson, a professor at MIT's Sloan school.
Spanish lender Bankia announced a near-doubling of quarterly net profit on Monday. CFO Leopoldo Alvear joins CNBC to discuss.
JPMorgan found the perfect suitor for a big book of loans it had made around the world but wanted to get rid of: Bain Capital.
BERLIN— A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the continent's financial system more resilient.
LONDON— Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate.
Lloyds Banking Group agreed to pay fines totaling $370 million to the U.S. and British as part of an interest rate rigging scandal.
CFTC CHARGES LLOYDS BANKING GROUP, LLOYDS BANK WITH MANIPULATION, ATTEMPTED MANIPULATION, AND FALSE REPORTING OF LIBOR.
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