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  • WASHINGTON, July 1- The Federal Reserve and major banks are at odds over whether conditions in the U.S. bond market are deteriorating or merely in a temporary state of flux as investors adapt to new rules, with policymakers and lenders disagreeing over even basic metrics to assess the problem. Over the last week a majority of the Fed's five governors have spoken...

  • FRANKFURT, July 1- Euro zone central bank chiefs kept their existing cap on a funding lifeline to Greece in place on Wednesday, the ECB said, a move that keeps pressure on Greece as its lenders run out of cash. As the central bankers gathered in Frankfurt, a defiant Prime Minister Alexis Tsipras urged Greeks to reject an international bailout deal, wrecking any...

  • ATHENS, Greece— Don't mention the golden years to Michaelis Kotaras. Not after the 78- year-old got up early Wednesday to stand in line, twice, outside the National Bank of Greece for the privilege of going inside to withdraw 120 euros less than a quarter of his monthly pension. He emerged with the cash, but without any certainty about when he will be able to access the...

  • ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • *No move in Bank Rate from 0.5 pct expected on July 9. LONDON, July 1- The Bank of England will hike its benchmark interest rate from a record low of 0.5 percent early next year, according to a Reuters poll of economists who also said wages will rise faster in 2015 than the central bank thinks. Under these circumstances, it will take some very weak numbers to get us back to...

  • *Declines comment on investment opportunities in Greece. DUBLIN, July 1- The European Union should be able to contain the fallout if Greece were to leave the euro zone following a weekend referendum on a bailout program, the head of private equity fund Blackstone said on Wednesday. Greece has appealed to its euro zone partners and the European Central Bank to keep...

  • MOSCOW, July 1- Russian state lender Sberbank intends to begin bankruptcy proceedings against three subsidiaries of indebted miner Mechel, a bank official said on Wednesday. After months of discussions with lenders and government officials to restructure its $6.6 billion net debt, Mechel has reached agreements with all of its creditors except Sberbank,...

  • BEIJING, July 1- China's central bank said it extended 157.6 billion yuan worth of pledged supplementary lending in June to its biggest development bank, China Development Bank, to increase funding for the refurbishment of shanty towns.

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money. In Germany, Greece's biggest creditor, a senior lawmaker in...

  • NEW YORK, July 1- In September 2008, JPMorgan Chase& Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction. "It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset...

  • BEIJING— China needs fundamental reform of its state-dominated financial system to keep economic growth on track, the World Bank said Wednesday. "China has reached a critical phase of its economic and social development path," the World Bank said. The bank said it expects China's economic growth to decelerate this year to 7.1 percent from last year's two-decade...

  • DIARY- Top Economic Events to July 13 Tuesday, 30 Jun 2015 | 8:01 PM ET

    LONDON- Bank of England publishes financial stability report, followed by Governor Mark Carney's news conference- 0930 GMT. FRANKFURT- European Central Bank Governing Council meeting. BERLIN- European Central Bank Governing Council member Jens Weidmann and Bundesbank Vice President Claudia Buch to participate in cabinet meeting of the federal...

  • WASHINGTON, June 30- The Federal Reserve is on track to raise interest rates this year, with September still "in play," a top Federal Reserve official said on Tuesday, despite growing market volatility and anxiety in the wake of Greece's debt default. Louis Fed President James Bullard shrugged off the impact of Greece's economic problems and said the Fed will...

  • FRANKFURT, June 30- The world's top banks and insurers are seeing their business models challenged by "fintech" start-ups, which are reshaping what consumers and businesses expect from financial services, industry insiders and experts say. A report out Tuesday from the World Economic Forum, the Swiss-based corporate think-tank which runs the Davos summit of...

  • BERLIN, June 30- German Finance Minister Wolfgang Schaeuble told conservative lawmakers on Tuesday that he would advise the European Central Bank not to raise provisions of liquidity to Greek banks, participants in the meeting told Reuters.

  • Singapore to ease banks' local and offshore regulations Tuesday, 30 Jun 2015 | 10:58 AM ET

    SINGAPORE, June 30- Singapore will relax rules that currently require banks to segregate their domestic and international operations into separate accounting entities, as part of moves to simplify its banking regulations. Banks in Singapore need to divide their local and offshore operations into domestic banking units and Asian Currency Units.

  • McConnell: Export-Import Bank supporters have votes Tuesday, 30 Jun 2015 | 8:57 AM ET
    Sen. Mitch McConnell

    Senate Majority Leader Mitch McConnell says the supporters of the Export-Import Bank have the votes to revive it.

  • TOKYO, June 30- General Electric Co said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. This makes the deal attractive to the core banking unit of Japan's third largest bank, Sumitomo Mitsui Financial...

  • TOKYO, June 30- General Electric Co is close to selling its European private equity financing unit to Japan's Sumitomo Mitsui Banking Corp for more than $2 billion, a person with direct knowledge of the matter said, as the U.S. industrial conglomerate sheds its financial assets amid a restructuring. This makes the deal attractive to the core banking unit of...

  • The Latest: Turkey wants to help Greece recover Tuesday, 30 Jun 2015 | 3:23 AM ET

    Turkish prime minister says his country is ready to help Greece overcome its economic crisis and is offering to expand cooperation in areas such as tourism, energy and trade. Ahmet Davutoglu said Turkey wants to live "in peace," and has no interest in seeing Greece "languish." Turkey and Greece have been long-time foes but the two countries have sought to build...

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