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  • LONDON, Oct 22- Sterling and the euro suffered in another choppy day on currency markets on Wednesday, the single currency trading briefly below $1.27 for the first time in a week after a news report that raised concerns over European banks. That followed a Reuters report on Tuesday that the European Central Bank was looking at buying corporate bonds to add to the...

  • *One named bank- Austria's Erste- denies report. MADRID/ VIENNA, Oct 22- The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria's Erste Group rejected the report from Spanish...

  • LONDON, Oct 22- European shares slipped and the euro hit a one-week low on Wednesday as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB. Spanish news agency Efe cited several unidentified sources saying three banks in Greece, three Italian lenders, two Austrian banks, as...

  • *ABB, Husqvarna rally after positive results. The STOXX Europe 600 euro zone bank index recovered to trade just 0.2 percent lower, however, with Spain's economy minister saying he was confident Spanish lenders would do well in the European Central Bank's checks, and Austria's Erste Bank denying it was among those that had failed the test. Erste Bank was down 1.6...

  • LONDON, Oct 22- Most Bank of England policymakers are firmly against raising interest rates, seeing little evidence of inflation pressures while the slowing euro zone poses growing risks, minutes of their latest meeting showed. The majority of the Bank's rate-setters saw good reasons to keep rates at their record low of 0.5 percent at their Oct. 7-8 meeting,...

  • Erste Group says confident on stress test outcome Wednesday, 22 Oct 2014 | 4:52 AM ET

    VIENNA, Oct 22- Austria's Erste Group Bank has no reason to believe it will fail a stress test of major euro zone lenders based on the conversations it has had so far with supervisory officials, it said on Wednesday. "Out of the supervisory dialogue we have no indication we won't pass," a spokesman said. Central bank Governor Ewald Nowotny had said last week that most...

  • *BoE minutes eyed for UK interest rate clues. LONDON, Oct 22- The euro hit a one-week low against the dollar on Wednesday following a Reuters report that the European Central Bank was considering buying corporate bonds, highlighting the diverging policy outlooks for the euro zone and the United States. Fresh ECB easing could restore the interest rate gap between...

  • TOKYO, Oct 22- Izuru Kato is a soft-spoken and bookish economist, but his dismissal of the Bank of Japan's stimulus policy as "monetary shamanism" is ringing loud in the ears of bank Governor Haruhiko Kuroda. His weekly research notes- with witty insights stretching from monetary policy to how the poor lime crop in Mexico is inflating margarita prices- have become a...

  • DIARY -Top Economic Events to Nov 3 Tuesday, 21 Oct 2014 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board holds open meeting to discuss a final rulemaking requiring sponsors of securitization transactions to retain risk in those transactions- 1930 GMT. LONDON- Bank of England publishes minutes of latest Monetary Policy Committee meeting. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn...

  • TOKYO, Oct 22- Izuru Kato is a soft-spoken and bookish economist, but his dismissal of the Bank of Japan's stimulus policy as "monetary shamanism" is ringing loud in the ears of bank Governor Haruhiko Kuroda. His weekly research notes- with witty insights stretching from monetary policy to how the poor lime crop in Mexico is inflating margarita prices- have become a...

  • WASHINGTON, Oct 21- U.S. regulators on Tuesday issued a rule requiring banks that sell loans to investors to keep part of the risk on their own books, a measure aimed at preventing the sloppy loans that sparked the 2007-09 credit crisis. "Lenders have wanted and needed to know what the new rules of the road are and this rule defines them," said Mel Watt, the head of the...

  • WASHINGTON, Oct 21- U.S. regulators on Tuesday issued a rule requiring banks that sell loans to investors to keep part of the risk on their own books, a measure aimed at preventing the sloppy loans that sparked the 2007-09 credit crisis. "Lenders have wanted and needed to know what the new rules of the road are and this rule defines them," said Mel Watt, the head of the...

  • WASHINGTON, Oct 21- The U.S. Federal Deposit Insurance Corp unveiled a final rule on Tuesday that requires banks to retain at least 5 percent of the risk on their books when they bundle loans, securitize them and sell them to investors. The rule, expected to be adopted by the FDIC later on Tuesday, aims to prevent a repeat of the 2007-2009 financial crisis, when banks'...

  • New rules adopted in hopes of spurring home loans Tuesday, 21 Oct 2014 | 10:32 AM ET

    WASHINGTON— Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market. The board of the Federal Deposit Insurance Corp. voted 4-1 Tuesday to adopt...

  • LONDON, Oct 21- Banks and shares in peripheral countries led a European rally on Tuesday after sources told Reuters the European Central Bank is considering buying corporate bonds to revive the region's economy. After a year-long review of Europe's 130 biggest banks, the ECB is set to announce on Oct. 26 which have valued their assets properly and which have not,...

  • Oct 20- Banks should defer bonus payments for 10 years and tap the bonus pool to pay any regulatory fines, a top Federal Reserve official said on Monday, taking aim at continued lapses across the industry even after the 2007-9 financial crisis. New York Federal Reserve Bank President William Dudley said banks should move toward paying employees in debt...

  • Discussing the integration of Apple Pay, the future of big banks, and data security, with Jim Breyer, Accel Partners, at Forbes' Under 30 Summit.

  • US regulator: Fannie, Freddie in deal with banks Monday, 20 Oct 2014 | 4:09 PM ET

    WASHINGTON— A federal regulator says government-controlled mortgage giants Fannie Mae and Freddie Mac have reached an agreement with major banks that could expand lending. The head of the Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the deal Monday at a conference of the Mortgage Bankers Association in Las Vegas.

  • Oct 20- Incentive programs at banks should reward not just bankers who increase revenues, but those who avoid losses and identify risks that could later hurt the institution, a top U.S. Federal Reserve official said on Monday. Federal Reserve Governor Daniel Tarullo said that progress has been made regarding proper bank compensation since the 2007-2009...

  • WASHINGTON, Oct 20- The Federal Reserve is committed to tailoring its supervisory practices for community banks as appropriate to reduce unnecessary burden, a top Fed official said on Monday. The central bank also needs to ensure smaller U.S. banks continue to operate in a safe and sound manner, Fed Governor Jerome Powell said in prepared remarks ahead of a Fed...

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