Barclays' CEO told CNBC the bank has a strong defense to allegations it used its private trading system to benefit high-speed traders.» Read More
A U.S. jury said Arab Bank provided material support to Hamas and must compensate the victims of two dozen attacks by the militant group.
NEW YORK— A U.S. jury found on Monday that a large Jordan- based bank should be held responsible for a wave of Hamas- sanctioned suicide bombings in the early 2000 s that left several Americans dead or wounded.
ATHENS, Greece— Police have busted a phony VIP taxi service in Greece that was using the bank accounts of homeless people to collect deposits from cab drivers. Police spokesman Christos Parthenis said Monday that seven people have been arrested.
SOCHI, Russia, Sept 22- Promsvyazbank, one of Russia's largest private banks, sees its corporate loan book growing by around 30 percent this year on demand from large companies which cannot tap Western markets due to sanctions, its CEO said.
Sept 22- Philadelphia Federal Reserve Bank President Charles Plosser, whose vocal discomfort with the U.S. central bank's super-easy monetary policy marks him as one of its hawkish policymakers, will retire on March 1, 2015, the regional Fed bank said on Monday.
WASHINGTON— Charles Plosser, a leading inflation "hawk" at the Federal Reserve, announced Monday that he plans to retire March 1. Plosser, who has been president of the Fed's Philadelphia regional bank since August 2006, has been a leader of the officials known as hawks for their concerns that a continuation of low-interest rate policies could ignite inflation.
NEW YORK, Sept 22- Long-dated Treasuries yields dipped to their lowest in over a week on Monday on the view that lingering weakness in U.S. economic data may force the Federal Reserve to maintain a dovish stance on raising interest rates.
Sept 22- Philadelphia Federal Reserve Bank President Charles Plosser, for years one of the U.S. central bank's most hawkish policymakers, will retire on March 1, 2015, the regional Fed bank said. Plosser is 66 and has served in his role since 2006..
MOSCOW, Sept 22- Russia's second-largest bank, VTB, has lost around 26 billion roubles so far this year due to the Ukraine crisis, Russian news agencies quoted the bank's chief executive as saying on Monday.
*Gold eyes key chart support at $1,180/ oz, June 2013 low. LONDON, Sept 22- Gold slid to its weakest since early January and silver to a four-year low on Monday as speculation that the Federal Reserve will start its rate-tightening cycle sooner than expected fuelled selling of precious metals.
Ricardo Barbieri, chief European economist at Mizuho International, says the ECB's TLTRO is not the last of the stimulus measures the central bank will introduce.
BERLIN, Sept 21- The head of Germany's Bundesbank has criticised the European Central Bank's recent cut in borrowing costs and its pledge to buy repackaged debt, saying they took pressure off governments to implement needed reforms.
KANSAS CITY- Federal Reserve Bank of Kansas City President Esther George gives welcome remarks at the Shift Innovation: Community Development Conference- 1330 GMT.
Sept 19- Presidents of the Federal Reserve's 12 regional banks are more likely to dissent in favor of tighter monetary policy, than the political appointees who make up the central bank's Board of Governors, according to a Fed study published on Friday.
JUNEAU, Alaska— Anchorage- based Northrim Bank will cut staff at former Alaska Pacific Bank branches as it finishes the acquisition but promises more services for customers. It acquired Bank of America's Alaska operations in 1999 and Alaska First Banking Trust in 2007..
What is historically the worst month for stocks may turn out to be the third quarter's best month for traders.
LONDON, Sept 19- Investors are piling into European banks and exporters, betting that the European Central Bank will crank up the money printing presses to tackle stubbornly low inflation.
Investors will get a little time to catch their breath after Friday's record-breaking Alibaba trading debut, but not too long.
OTTAWA, Sept 19- Canada's annual inflation rate remained above the Bank of Canada's 2.0 percent target in August for the fourth month in a row, putting pressure on the central bank to drop its neutral stance on interest rates.
*Banks to pay back 20 bln euros of old crisis loans to ECB. FRANKFURT, Sept 19- European Central Bank plans to bolster lending to business were dealt another setback on Friday after banks decided to repay billions of euros of cheap ECB credit, sapping money available to lend to business.
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