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  • WASHINGTON, Nov 25- The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system. "GE Capital has been preparing for the enhanced regulatory standards provided for in the Dodd-Frank Act," company spokesman...

  • HSBC to pay $12.5 million to settle SEC charge Tuesday, 25 Nov 2014 | 4:37 PM ET

    The SEC says HSBC Private Bank began doing so more than 10 years ago and collected fees totaling about $5.7 million. HSBC, Europe's largest bank by market value, said in a statement that it is pleased to have reached a settlement with the SEC. According to the SEC, HSBC Private Bank decided to exit the U.S. cross-border business in 2010..

  • WASHINGTON, Nov 25- HSBC Holdings Plc will pay $12.5 million to resolve charges that its Swiss private banking unit illegally offered services to U.S. clients without being properly registered, the U.S. Securities and Exchange Commission said on Tuesday. The SEC said HSBC's Swiss unit amassed 368 U.S. accounts, and its employees traveled to the United States at...

  • WASHINGTON, Nov 25- HSBC Holdings Plc will pay $12.5 million to resolve charges that its Swiss private banking unit illegally offered services to U.S. clients without being properly registered, the U.S. Securities and Exchange Commission said on Tuesday. The SEC said HSBC's Swiss unit amassed 368 U.S. client accounts, and its employees traveled to the United...

  • Europe shares end higher; banks rally on stimulus hopes Tuesday, 25 Nov 2014 | 12:48 PM ET

    PARIS, Nov 25- European stocks ended slightly higher on Tuesday as euro zone banking shares climbed on mounting expectation of more stimulus from the European Central Bank. Crude prices fell again on Tuesday, down by more than $1 a barrel to near four-year lows, after a meeting between Saudi Arabia, Venezuela and major non- OPEC oil exporters ended with no deal on...

  • *Falling oil prices have undermined Nigeria's reserves. ABUJA, Nov 25- Nigeria's central bank devalued the naira by 8 percent and raised interest rates sharply on Tuesday, as it sought to stem losses to its foreign reserves from defending the currency against weaker oil prices. The last time it devalued was in November 2011, when it lowered the band from 145- 150...

  • US bank earnings up 7.3 percent in 3Q Tuesday, 25 Nov 2014 | 10:58 AM ET

    The data issued Tuesday by the Federal Deposit Insurance Corp. showed that the banking industry continues to recover from the financial crisis that struck six years ago. Banks and other financial institutions insured by the FDIC earned $38.7 billion in the third quarter, up from $36.1 billion a year ago. "The banking industry had another positive quarter," FDIC...

  • NAIROBI, Nov 25- Kenya's central bank chief filed an appeal on Tuesday asking a court to throw out a case accusing him of abusing his office through his involvement in issuing a tender to install security software at the bank. Earlier this month, Kenya's High Court ruled the government's anti-graft agency and chief prosecutor could pursue the case against...

  • ABUJA, Nov 25- Nigeria's central bank devalued the naira and raised interest rates by 100 basis points on Tuesday, as it sought to stem losses to its foreign reserves from defending the currency hit by weaker oil prices. The bank moved the target band of the currency to 160- 176 naira to the U.S. dollar, compared with 150- 160 naira previously, owing to prolonged naira...

  • BEIJING, Nov 25- China's central bank will wait until fourth-quarter economic data is out and monitor U.S. and Japanese monetary policy before considering any more rate cuts or easing, a central bank adviser said on Tuesday. The People's Bank of China surprised the markets by cutting rates last Friday for the first time in more than two years to help stabilize the...

  • European shares hit nine-week high, led by banks Tuesday, 25 Nov 2014 | 7:46 AM ET

    PARIS, Nov 25- European stocks rose on Tuesday, with a key benchmark index hitting a nine-week high as euro zone banking shares gained on mounting expectation of more stimulus from the European Central Bank. Shares in Deutsche Bank, Banco Santander and BNP Paribas were up 1.7-2.8 percent. The benchmark index has risen nearly 15 percent from a low hit in...

  • Eurozone's largest bank Santander names new CEO Tuesday, 25 Nov 2014 | 6:44 AM ET

    MADRID— Spain's Banco Santander, the eurozone's largest bank, has named Jose Antonio Alvarez as its new chief executive officer. The move comes just over a month after Ana Botin took over as chair of the bank after the death of her father, former chairman Emilio Botin. Banco Santander SA is the largest bank by market value in the 18- country eurozone.

  • LAGOS, Nov 25- Nigeria's central bank sold dollars outside its preferred currency band at its forex auction on Monday, signalling it could shift the band to weaken the naira after its policy meeting on Tuesday, dealers said. The central bank usually sells dollars at its twice weekly forex auctions at 150- 160 naira, a band it adopted in November 2011 after a decline...

  • LONDON, Nov 25- Scott Wotherspoon runs a small tiling firm in Scotland. The 43- year-old borrowed about $4 million from Royal Bank of Scotland. He thinks he is due compensation for mis-selling, like thousands of other businesses that Britain's financial watchdog has ruled are eligible.

  • NEW DELHI, Nov 25- India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates. The sources said Finance Minister Arun Jaitley would argue forcefully for Reserve Bank of India...

  • MOSCOW, Nov 25- Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands. His spokesman later said Putin was referring to the fact that the banks' branches had closed in Crimea since...

  • ING to cut 1,700 jobs, take $400 million charge Tuesday, 25 Nov 2014 | 3:31 AM ET

    AMSTERDAM— ING Group NV, the Dutch bank, says it will cut 1,700 jobs, or 2.7 percent of its workforce, to cut costs. ING said the cuts are part of a move to expand its digital banking operations and jobs will be lost "at the headquarters of ING Retail Banking and in the back offices, call centers and IT departments." Earlier this month, ING paid back the last of a 10 billion euro...

  • *Oct. 31 easing aimed at eradicating deflation mindset-Kuroda. NAGOYA/ TOKYO, Japan, Nov 25- Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank's readiness to expand stimulus further to meet its price goal, a message that was partially echoed by an European Central Bank policymaker as the euro zone economy battles to lift off.

  • BOJ Gov. Kuroda tells firms to up wages, spending Tuesday, 25 Nov 2014 | 1:51 AM ET

    TOKYO— Japan's central bank governor is urging companies to raise wages and investment to aid the country's efforts to overcome deflation. Haruhiko Kuroda told a group of businessmen in central Japan on Tuesday that the central bank was committed to achieving a target of 2 percent inflation and that he expects companies to make their decisions based on that...

  • Asian central banks seen eying rate cuts Sunday, 23 Nov 2014 | 9:51 PM ET

    Easing measures in China and Japan have raised expectations that other Asian central banks will follow suit with growth-boosting interest rate cuts.

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