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  • *Banks to lend $100 bln for "technological renovation" in Hebei. BEIJING, April 22- Days before Beijing cut bank reserve requirements to boost lending to China's slowing economy, officials in Hebei province met with dozens of banks and steel mills to find financing to revive local industry and tackle chronic environmental problems. "Hebei is enjoying favorable...

  • TORONTO, April 21- The provision of European Central Bank emergency liquidity to Greece is "directly correlated" to the health of its banks and will continue as long as the preconditions are met, a top policymaker from Germany's Bundesbank said on Tuesday. "Clearly, the state of the of Greece is very important for the emergency liquidity and also the state of the...

  • *ECB may reduce collateral value for Greek banks- Bloomberg. Treasuries prices were little changed on Tuesday, steadying after the prior day's losses, as worries about Greek banks' access to cash were offset Staff at the European Central Bank have prepared a plan to reduce further the value it assigns to securities Greek banks use to get emergency funding,...

  • *Deutsche Bank could value Postbank at around 3.6 billion euros. FRANKFURT, April 21- Postbank is a low-profit retail banking network in need of restructuring but current owner Deutsche Bank may discover plenty of potential buyers prepared to look beyond the blemishes of the German chain. Selling Postbank on the stock market instead of directly to a strategic...

  • U.S. regulator wants better deposit data from big banks Tuesday, 21 Apr 2015 | 10:00 AM ET

    WASHINGTON, April 21- The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex. It said the FDIC "has often found inconsistent and missing data" in the current records, which the banks need to provide because of an...

  • CEO of largest bank in bailed-out Cyprus to quit Tuesday, 21 Apr 2015 | 7:58 AM ET

    NICOSIA, Cyprus— The largest bank in bailed-out Cyprus says its top executive will leave his job in four months because of personal reasons and that he intends to move back to his native Ireland. In a statement Tuesday, Bank of Cyprus said John Patrick Hourican has a contractual notice period of four months but remains at the disposal of the bank's board.

  • *Discretion can impair comparability- Basel Committee. LONDON, April 21- Global regulators have jettisoned a string of national "waivers" from bank capital rules to help restore credibility in benchmark ratios published by lenders. "National discretion allows countries to adapt the Basel standards to reflect differences in local financial systems," the...

  • *Fourth UAE bank to report double-digit earnings growth. DUBAI, April 21- Abu Dhabi Commercial Bank posted a 31 percent increase in first-quarter net profit on Tuesday, beating analysts' forecasts, boosted by strong returns from fees and lending. It made a net profit attributable to equity shareholders of 1.25 billion dirhams in the three months ended March 31,...

  • Signature Bank tops Street 1Q forecasts Tuesday, 21 Apr 2015 | 5:12 AM ET

    NEW YORK _ Signature Bank on Tuesday reported first-quarter profit of $83.4 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share. Signature Bank shares have climbed slightly more than 2 percent since the beginning of the year.

  • Toyota adviser nominated for Japan central bank board Tuesday, 21 Apr 2015 | 4:47 AM ET

    TOKYO— The Japanese government has nominated a former executive at Toyota Motor Corp., one of the biggest corporate beneficiaries of the cheap Japanese yen resulting from drastic monetary easing, to be a board member of the central bank. After lawmakers given their expected approval, Yukitoshi Funo, 68, a former head of Toyota's U.S. operations, would replace...

  • 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.

  • Financial picks that show value   Monday, 20 Apr 2015 | 2:05 PM ET
    Financial picks that show value

    Anton Schut, Mendon Capital & Burnham Financial Funds, discusses big bank earnings and stock picks that he favors in the financial sector.

  • Wells Fargo in talks to buy GE lending biz: Source Monday, 20 Apr 2015 | 1:11 PM ET
    GE in talks to sell lending, leasing portfolio to Wells Fargo.

    GE is in early-stage talks with Wells Fargo about selling its entire $74 billion US commercial lending and leasing portfolio, according to a source.

  • 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.

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