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  • BEIJING, Oct 31- China's shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Friday. The FSB's report nevertheless appears to underestimate China's sprawling shadow banking sector, although analysts said this type of debt is not yet at a...

  • NEW YORK, Oct 30- The dollar on Thursday extended recent gains to a 3-1/ 2- week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve. A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists.

  • Citigroup lowers Q3 results because of legal costs Thursday, 30 Oct 2014 | 5:36 PM ET
    Michael Corbat, chief executive officer of Citigroup Inc.

    The company revised downward its third-quarter net income to $2.8 billion from $3.4 billion.

  • RIYADH, Oct 30- Saudi Arabia's National Commercial Bank IPO-NACO.SE> said the retail portion of its 22.5 billion riyal initial share sale had attracted investor interest amounting to more than double the amount on offer. The kingdom's largest bank by assets is selling 15 percent of its stock, priced at 45 riyals per share, to local investors between Oct. 19 and Nov....

  • Jefferies banker in divorce scandal takes leave Thursday, 30 Oct 2014 | 2:26 PM ET

    A senior Jefferies banker, Sage Kelly, is on leave after intense publicity around salacious allegations made by his wife in divorce proceedings.

  • Yellen: Awareness of economists' diversity needed Thursday, 30 Oct 2014 | 12:59 PM ET
    Federal Reserve Chair Janet Yellen delivers opening remarks at the National Summit on Diversity in the Economics Profession hosted by the Federal Reserve, Oct. 30, 2014, in Washington.

    Janet Yellen was speaking at a conference on diversity in the economics profession organized by the Fed and the American Economic Association.

  • How the unbanked manage their money Thursday, 30 Oct 2014 | 12:35 PM ET
    A customer counts cash to pay for two iPhone 6 smartphones during the sales launch at the Apple Inc. store in New York.

    People without bank accounts adopt different strategies for managing their money. Some may actually help them stay on budget.

  • BEIJING, Oct 30- China's shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Thursday. China's government is now weighing new rules to tame this less-regulated, riskier type of lending, while trying to ensure that more money from the shadow...

  • NAIROBI, Oct 30- Kenya's Equity Bank Group said on Thursday that pretax profits rose by a quarter in the first nine months of the year, largely due to growth in non-interest income and falling provisions for bad debts. Equity, which focuses on the lower-income part of the market, and also operates in Uganda, South Sudan, Tanzania and Rwanda, said profit rose 25 percent...

  • By Alexander Winning and Yelena Orekhova. MOSCOW, Oct 30- The rouble jumped over 3 percent on Thursday, bouncing off an all-time low against the dollar amid market talk of possible heavy central bank intervention ahead of a monetary policy meeting and rumors of a deal with Ukraine over Crimea. Traders in Moscow and London said the rouble's recovery was driven by a...

  • Housing slow climb to normal: Fifth Third CEO     Thursday, 30 Oct 2014 | 10:37 AM ET

    CNBC's Sara Eisen and Fifth Third Bancorp CEO Kevin Kabat, discuss the impact the end of QE will have on housing and the mortgage business.

  • $1.5M sent in error to manager (both are missing) Thursday, 30 Oct 2014 | 10:36 AM ET

    Credit Suisse wants a hedge fund to return $1.5 million, but the fund's manager is missing, the New York Times reports.

  • NEW YORK, Oct 30- The dollar on Thursday extended recent gains to a 3-1/ 2- week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve. A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists.

  • MOSCOW, Oct 30- The Russian central bank said on Thursday it had provided $51.1 million at its first one-week dollar repo auction. The auction was the second to be held under a scheme to provide up to $50 billion in foreign currency repos to banks to offset a shortage of foreign currency liquidity. On Wednesday, the central bank provided $201.2 million at its first...

  • Yellen: Awareness of economists' diversity needed Thursday, 30 Oct 2014 | 9:30 AM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen says she wants to raise awareness of the need for diversity among economists, with relatively few women and minorities still choosing to major in economics in college. Yellen, who is the first woman to head the central bank in its 100- year history, was speaking Thursday at a conference on diversity in the economics...

  • JOHANNESBURG/ BANGALORE, Oct 30- Kenya's central bank is likely to put off raising interest rates until the second quarter of next year as tumbling oil prices keep a lid on inflation, a Reuters poll found. The exception, Rand Merchant Bank, forecast a 50 basis-point rise to 9 percent. Other central banks from emerging markets- such as South Africa and, on Wednesday,...

  • WASHINGTON, Oct 30- Federal Reserve Chair Janet Yellen did not comment on monetary policy or the economic outlook in remarks on Thursday prepared for a diversity conference at the central bank.

  • NEW YORK, Oct 30- U.S.-listed shares of major European banks were among the biggest movers of the premarket session on Thursday, continuing to see weakness ever since the results of the European Central Bank's stress tests were published over the weekend. The Euro STOXX banking index fell 2.9 percent and is down 6.6 percent so far this week, putting the index on...

  • LONDON, Oct 30- European shares turned lower on Thursday as banks in countries such as Italy, Greece and Spain resumed their recent downtrend. Shares in peripheral banks have mostly been falling since the publication of the results of the European Central Bank's stress tests over the weekend. Andrea Enria, the chairman of Europe's banking watchdog- the European...

  • *Central bank has spent more than $20 bln defending rouble. MOSCOW, Oct 30- The rouble hit a new low of more than 43 to the dollar on Thursday, as speculation grew that the Russian central bank will let the rouble float freely when it meets on Friday and as comments by the U.S. "The market is now expecting the central bank to announce the rouble free float at tomorrow's...

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