Duncan Farr, banks specialist at Macquarie Group, says it will be tough for Banco Espirito Santo to raise the required fresh capital it needs.» Read More
BEIJING, Aug 1- China's central bank will keep up reasonable growth in credit and social financing and fine-tune its monetary policy in a timely way, the bank said on Friday.
NEW YORK, Aug 1- U.S. stock index futures pointed to a slightly lower open on Friday as a weak July jobs report allayed concerns that the Federal Reserve would raise interest rates sooner than many had expected. *On Thursday, Wall Street suffered its biggest one-day decline in months as data sparked worries the U.S.
LONDON, Aug 1- Europe's investment banks are giving Wall Street a run for its money despite shrinking their trading arms more aggressively than U.S. rivals.
SHANGHAI, Aug 1- China's yuan was flat against the dollar on Friday after the central bank set its official midpoint barely changed from the previous day and it was set to show a marginal gain on the week.
DBS Group Holdings said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans.
Lee Wai Fai, Group CFO at United Overseas Bank (UOB), describes the factors weighing on the bank's slowing mortgage growth.
SINGAPORE, Aug 1- DBS Group Holdings, Singapore's biggest bank, on Friday said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans. The result meant Southeast Asia's biggest lender, which earns most of its profit from Singapore and Hong Kong, achieved a record first-half net profit of S $2.2 billion.
WASHINGTON, July 31- Consumers who opt in for bank overdraft protection end up paying more than double for small purchases, a U.S. consumer watchdog warned on Thursday, giving banks a fee bonanza when checking accounts are short of funds.
*Sberbank says has resources to continue successful work. Russia's largest lender Sberbank as well as the country's second and third largest banks, VTB and Gazprombank, criticised the EU sanctions but largely dismissed the measures that cut them off from raising funding on the bloc's capital markets.
NEW YORK, July 31- U.S. stocks tumbled on Thursday, with the S&P 500 posting its worst daily decline since April and first monthly drop since January as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some expect.
WASHINGTON— The fees that banks charge debit-card users who overdraw their accounts usually cost more than the items being bought. That's the result of a study that the Consumer Financial Protection Bureau released Thursday.
Holders of dollar-denominated bonds at Bulgaria's Corpbank are gearing up for legal action against the government if the bond defaults.
MOSCOW, July 31- VTB, Russia's second-largest bank by assets, and Gazprombank said they would continue to honour investor and shareholder obligations despite sanctions from Brussels that ban them from raising funds on EU capital markets.
The Economist Correspondent Haley Cohen provides insight to Argentina's second debt default in 13 years.
TORONTO, July 31- Canadian Imperial Bank of Commerce has named wealth management head Victor Dodig as its next president and chief executive, replacing Gerry McCaughey who will retire in September.
*Default risks turning Bulgaria into " Argentina of Europe": source. BUCHAREST, July 31- Holders of dollar-denominated bonds at Bulgaria's Corporate Commercial Bank are gearing up for legal action against the government if the bond defaults and the bank is tipped into insolvency, two sources told Reuters on Thursday.
BONDHOLDERS MAY SUE BULGARIAN GOVERNMENT OVER POSSIBLE DEFAULT AT CORPORATE COMMERCIAL BANK- SOURCES.
The head of CFTC pledged he would be a tough cop now that the agency has finished a raft of rules to oversee the $710 trillion global swaps market.
SAN JUAN, Puerto Rico— New York's Federal Reserve Bank released a report Thursday in which it warned that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."
Banking giant HSBC was accused of racism this week after it moved to close the accounts of several Muslim organizations across the UK.
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