• TOKYO, Aug 20- Citigroup Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anaemic lending.

  • Aussie dollar bears in hibernation until Fed calls Wednesday, 20 Aug 2014 | 12:59 AM ET

    SYDNEY, Aug 20- It is not often the biggest bear on a currency is its own central bank, yet the Reserve Bank of Australia has been warning for months that the Aussie dollar will slide to match the falling prices of the country's key commodity exports.

  • TOKYO, Aug 20- Citigroup Inc is considering the sale of its Japanese retail unit and has approached about 10 banks, a source with direct knowledge of the matter said on Wednesday, as the U.S. banking company struggles to turn around its Japanese operations.

  • NY regulators sanction Standard Chartered Bank Tuesday, 19 Aug 2014 | 1:06 PM ET

    ALBANY, N.Y.— Standard Chartered Bank reached an agreement with New York regulators to pay a $300 million penalty and suspend dollar exchanges through its New York branch for high-risk retail business clients at its SCB Hong Kong subsidiary.

  • Citi tells court its Argentina banking license at risk Tuesday, 19 Aug 2014 | 12:27 PM ET

    NEW YORK, Aug 19- Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff. Citi expects to receive about $5 million from Argentina ahead of its next coupon payment deadline of Sept. 30.

  • Aug 19- Citigroup Inc is considering the sale of its retail-banking business in Japan, the Wall Street Journal said on Wednesday, citing people familiar with the matter. Citigroup is considering a possible auction for the sale, the Journal reported.

  • Depositors at troubled Corpbank protest across Bulgaria Tuesday, 19 Aug 2014 | 12:01 PM ET

    SOFIA, Aug 19- Hundreds of angry depositors at Bulgaria's Corporate Commercial Bank staged protests in Sofia and several other cities on Tuesday, demanding access to their accounts that have been frozen since the bank was shut down in June.

  • LONDON, Aug 19- Europe's banks have done the heavy-lifting in the toughest ever test of their financial strength, but an intensive quality assurance process and decisions still to be taken by supervisors means they can't work out how they've fared.

  • U.S. consumer prices rise modestly in July Tuesday, 19 Aug 2014 | 8:30 AM ET

    WASHINGTON, Aug 19- U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while. The Labor Department said on Tuesday its Consumer Price Index edged up 0.1 percent last month after increasing 0.3 percent in June.

  • TOKYO, Aug 19- The dollar steadied on Tuesday after Monday's gains on upbeat U.S. housing data and a rise in U.S. bond yields, but traders are waiting for hints on Federal Reserve policy intentions before they test major resistance levels.

  • DIARY - Top Economic Events to Sep 2 Monday, 18 Aug 2014 | 8:01 PM ET

    SYDNEY- Reserve Bank of Australia will release the minutes of its August policy board meeting- 2340 GMT. SALZBURG, Germany- Federal Reserve Bank of New York Deputy General Counsel and Senior Vice President Joyce Hansen, Austrian National Bank Deputy Governor Andreas Ittner and Bundesbank Board member Andreas Dombret speak at Salzburg Global Seminar.

  • David Marshall, Senior Analyst, Asia-Pacific Financials at CreditSights, says the continued rise in loans will support earnings growth in major Chinese lenders.

  • Ex-Rabobank worker pleads guilty in Libor rigging Monday, 18 Aug 2014 | 5:38 PM ET
    The Rabobank Group logo sits on display on the bank's headquarters in Utrecht, Netherlands.

    A former Rabobank employee pled guilty to participating in a plot to manipulate the Yen Libor rate, the second employee of the Dutch lender to do so.

  • Anat Admati, Stanford Business School and author of "The Bankers New Clothes," outlines ways to fix the banking system.

  • US Treasury weighing options on tax inversions Monday, 18 Aug 2014 | 2:21 PM ET
    U.S. Treasury

    The US Treasury will need time to weigh potential actions to discourage companies from reducing their taxes by moving to other countries.

  • In June 2013, Bank of Tokyo-Mitsubishi agreed to pay $250 million to New York State for deleting information from $100 billion in wire transfers that authorities could have used to police transactions with Iran and other sanctioned countries.

  • Fed blow to banks over ‘living wills’ Sunday, 17 Aug 2014 | 1:57 PM ET
    The Federal Reserve building.

    Global banks can no longer assume continuing access to the Fed's discount lending window, people familiar with the process have warned.

  • *Spot rate and c.bank guidance rate rarely trade together. SHANGHAI/ HONG KONG, Aug 18- China's central bank and currency traders have found rare consensus on the yuan's value after months of widely divergent pricing, but analysts are divided about whether the current accord signifies a genuine relaxation of control by Beijing.

  • Wall Street banks plan for UK exit from EU Monday, 18 Aug 2014 | 12:05 AM ET

    Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart.

  • Australia's top lender posts rise in quarterly profit Sunday, 17 Aug 2014 | 10:16 PM ET

    National Australia Bank posted a 7 percent rise in third-quarter unaudited cash profit, led by higher mortgage growth and lower bad debt charges.

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