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  • NAIROBI, Feb 27- In a world where many central bankers fret about deflation, defaults and currency break-ups, Somalia's central bank chief has a more straightforward mission: helping a financial industry that grew up in war to survive in peace. Money transfer firms which kept cash flowing into Somalia during two decades of conflict when the nation's formal...

  • LONDON, Feb 27- For all the record inflows pouring into euro zone stock markets as the European Central Bank readies its bond-buying plan, there is still some way to go for economic powerhouse Germany to break its own stock-market records. Banking-sector stocks such as Deutsche Bank and Commerzbank are down a whopping 70 to 90 percent from their pre-crisis...

  • *Dollar index eases from previous day's 1- month high. Jan CPI, durables goods data raise rate-hike bets. LONDON, Feb 27- The dollar index fell on Friday amid month-end selling but was still on track for a record eighth month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise later this year.

  • LONDON, Feb 25- A portfolio manger at PIMCO, the world's biggest bond investor, said on Wednesday fewer banks would be available to execute deals for asset managers in two years times, as regulation reduces the trading capabilities of many market makers. A lot of highly professional and experienced traders are being let go, "said Alex Struc, an executive vice...

  • ISTANBUL, Feb 27- The Turkish lira tumbled to a fresh record low on Friday as investors worried about the future of Central Bank Governor Erdem Basci after President Tayyip Erdogan's blistering criticism of the bank. Market attention was focused on whether Erdogan would keep up the pressure or seek to lower tension when he speaks at a lunch he is hosting for...

  • LONDON— London- based Lloyds Banking Group passed a milestone Friday in its recovery from the financial crisis, reporting an annual profit and announcing plans to pay a dividend for the first time since it was rescued by British taxpayers. "This is a symbolic development that bears testament to our successful transformation and improved risk profile of the...

  • *Dollar index eases from previous day's 1- month high. LONDON, Feb 27- The dollar index slipped on Friday, pegged back by month-end selling, but was still on track for its eighth straight month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise this year. The index had rallied 1.1 percent on Thursday, bringing it...

  • MOSCOW, Feb 27- Austria's Raiffeisenbank will close its branches in Russia's far east to improve efficiency after they generated little income and had few opportunities for growth, a move which shows the impact of Russia's economic crisis on the sector. Banks are suffering from higher bad loan provisions and lower profits because of the crisis, deepened by...

  • TOKYO/ SINGAPORE, Feb 27- The dollar took a breather after surging to a one-month high against a basket of currencies the previous day as U.S. economic data and comments from Federal Reserve officials prompted investors to raise their bets on a rate increase. The euro edged up 0.1 percent to $1.1213, but remained not far from a one-month low of $1.1184 touched on...

  • Bill Winters is a great pick for StanChart: Pro  Thursday, 26 Feb 2015 | 9:32 PM ET

    Nathan Bell, research director at Intelligent Investor, says Bill Winters' lack of experience in Asia isn't a major issue and explains what the leadership change means for Standard Chartered's stock.

  • Tracking StanChart's leadership shake-up  Thursday, 26 Feb 2015 | 8:04 PM ET

    Ismael Pili, head of Financials Research, Asia at Macquarie Securities, says Bill Winters could push through the much-needed structural reforms in Standard Chartered when he takes over as chief executive in June.

  • TOKYO, Feb 27- The dollar took a breather in Tokyo on Friday after surging to a one-month high against a basket of currencies overnight as U.S. economic data and comments from Federal Reserve officials prompted investors to raise their bets on a rate increase. The euro edged up about 0.1 percent in Asian trade to $1.1197, but remained not far from a one-month low of...

  • DIARY-Top Economic Events to March 12 Thursday, 26 Feb 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester, Federal Reserve Bank of New York President William Dudley, Federal Reserve Vice Chair Stanley Fischer, former Federal Reserve chair Ben Bernanke and Bank of Japan Deputy Governor Hiroshi Nakaso participate in the U.S. Monetary Policy Forum 2015 Annual Conference sponsored by the...

  • Discussing the size of banking institutions and community banks, with former FDIC chair Sheila Bair, who also weighs in on the threat of cyber hacks to banks.

  • NEW YORK, Feb 26- The dollar rose to a one-month high against a basket of currencies on Thursday as data on U.S. inflation and business orders revived confidence in the world's biggest economy and supported bets the Federal Reserve will raise interest rates in the middle of the year. The greenback also received support from San Francisco President John Williams...

  • Feb 26- Peer-to-peer lender Prosper Marketplace Inc said it has partnered with Western Independent Bankers, a consortium of small community banks, to boost loan offerings through its online platform. Community banks, which focus on small businesses and farm lending, comprise 96.8 percent of all banks in the United States, said Vermut, a former co-head of prime...

  • NEW YORK, Feb 26- Low-yielding bond markets could abruptly "wake up" and reprice for tighter U.S. monetary policy, posing problems for the Federal Reserve as it approaches an interest rate hike, a top Fed official said on Thursday. Louis Fed President James Bullard said in an interview with Reuters that the longer the U.S. central bank keeps rates near zero amid such...

  • Why small businesses don't want a loan Thursday, 26 Feb 2015 | 11:35 AM ET

    Optimism is up among small businesses, but they are not borrowing. Here's why.

  • *Italy govt has approved reform of "popolari" banks. MILAN, Feb 26- Italy's government is under pressure from banks and their allies in parliament to water down a landmark reform of large cooperative banks, which the lenders fear will make them prey to foreign rivals and speculative investors. Affected banks include UBI Banca, Banco Popolare and Banca Popolare di...

  • StanChart CEO leaves at a 'good time'  Thursday, 26 Feb 2015 | 11:15 AM ET

    Simon Maughan, head of research at OTAS Technologies, talks about Standard Chartered's latest announcement that their CEO, Peter Sands, is stepping down in June.

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