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  • Deutsche Bank posts 29 percent drop in profit Tuesday, 29 Jul 2014 | 3:10 AM ET

    BERLIN— Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.

  • Swiss bank UBS reports rise in profit Tuesday, 29 Jul 2014 | 1:45 AM ET

    GENEVA— Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by strong results from its core wealth management business and trimmed-down investment banking franchises despite a tough market environment.

  • *Dollar index holds near six-month peak, euro eight- month trough. SYDNEY/ SINGAPORE, July 29- The dollar held steady near a six-month peak against a basket of major currencies on Tuesday, as investors kept to the sidelines ahead of a policy review by the Federal Reserve.

  • *Geopolitical tensions support $1,300- an-ounce level. SINGAPORE, July 29- Gold was little changed just above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors also focusing on U.S. jobs data and a Federal Reserve policy meeting this week.

  • SINGAPORE, July 29- Gold was little changed above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors waiting for cues from U.S. jobs data and a Federal Reserve policy meeting this week. *Gold, seen as a safe-haven asset, has benefited from tensions between the West and Russia.

  • NICOSIA, July 28- Bank of Cyprus, the Cypriot lender that recapitalised by seizing its clients' deposits last year, said it had raised 1 billion euros in a private placement on Monday, drawing in investors from the United States and Russia as well as from an EU-controlled bank.

  • LISBON, July 28- Portugal's central bank said late on Monday that if Banco Espirito Santo posts a loss larger than its existing capital cushion of 2.1 billion euros, a capital increase will be used to guarantee adequate solvency levels.

  • Bank of Cyprus says 1 billion euros raised Monday, 28 Jul 2014 | 6:22 PM ET

    NICOSIA, Cyprus— Cyprus' largest bank says it has bolstered its capital base by raising 1 billion euros through a private placement of new shares. Bank of Cyprus said in a statement late Monday that the new shares each valued at 0.24 euros went to institutional investors form Europe, North America and Russia.

  • *Ukraine- Russia tensions, Israel- Palestine cut gold's losses. NEW YORK/ LONDON, July 28- Gold was little changed on Monday as traders and investors awaited the outcome of a Federal Reserve policy meeting, while hazarding a guess on what U.S. jobs numbers for the month might be.

  • Bain snaps up $1.3 billion JPMorgan loan book Monday, 28 Jul 2014 | 11:29 AM ET
    Sankaty Advisors home page

    JPMorgan found the perfect suitor for a big book of loans it had made around the world but wanted to get rid of: Bain Capital.

  • German court receives suit against EU bank union Monday, 28 Jul 2014 | 10:31 AM ET

    BERLIN— A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the continent's financial system more resilient.

  • Lloyds bank settles with US, UK over market fixing Monday, 28 Jul 2014 | 9:43 AM ET

    LONDON— Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate.

  • Lloyds Banking Group agreed to pay fines totaling $370 million to the U.S. and British as part of an interest rate rigging scandal.

  • CFTC CHARGES LLOYDS BANKING GROUP, LLOYDS BANK WITH MANIPULATION, ATTEMPTED MANIPULATION, AND FALSE REPORTING OF LIBOR.

  • Kian Abouhossein, banking analyst at JP Morgan, discusses the decline in fixed income revenues for big banks and discusses how they are adjusting their models.

  • HONG KONG, July 28- Hong Kong's benchmark index finished at its highest level in more than three years on Monday, as Chinese banks jumped after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors.

  • Banks may have repaired their balance sheets but we're still waiting for any notable shift in their culture, according to a market commentator.

  • Philippe Bodereau, global head of financial research at PIMCO, says the problems associated with Banco Espirito Santo do not threaten the financial stability of euro zone banks.

  • HONG KONG, July 28- China shares closed at their highest since December on Monday, with gains led by the banking sector after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors.

  • Chris Skinner, CEO of Balatro and director of the Financial Services Club, says bad banking culture has changed but there is still "a long way" to go.

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