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  • 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...

  • *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...

  • FOREX-Dollar jumps on U.S. data, Bullard; euro falls Thursday, 26 Feb 2015 | 11:10 AM ET

    NEW YORK, Feb 26- The dollar climbed 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 dollar's jump followed back-to-back days of losses stemming from...

  • TORONTO, Feb 26- Canadian Imperial Bank of Commerce, the country's No 5 lender, reported better-than-expected first-quarter earnings on Thursday, helped by strong growth in its wholesale banking business, and unexpectedly raised its dividend. Excluding items, CIBC earned C $2.36 per share in the quarter ended Jan. 31, topping the average analyst estimate of C...

  • *Greece still faces risk of exit from euro zone. LONDON, Feb 26- The global slump in demand for dry freight commodities is adding more pain to Greece's already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. Greece has secured an extension to its bailout from its European partners, but the danger of it...

  • LONDON, Feb 26- Greece's leading banks are considering offloading part of their portfolios of shipping debt worth billions of dollars in a bid to shore up their capital, according to banking and ship financing sources. Greece has secured an extension to its bailout from its European partners, but the danger of it unravelling and of Greece being pushed out of the...

  • TORONTO, Feb 26- Toronto-Dominion Bank, Canada's second-largest lender, reported a slightly higher profit on Thursday in line with expectations, as gains at its retail division offset weakness in wholesale banking. TD Bank's net income rose to C $2.06 billion, or C $1.09 per share in the first quarter ended Jan. 31, from C $2.04 billion, or C $1.07 per share, a year...

  • Feb 26- Toronto-Dominion Bank, Canada's second-largest lender, reported a marginally higher quarterly profit on Thursday, held back by its wholesale banking business. T-D Bank's net income rose to C $2.06 billion, or C $1.09 per share, from C $2.04 billion, or C $1.07 per share, a year earlier. Net income from the lender's Canadian retail business rose 20 percent to C...

  • *Morgan Stanley colleagues pay glowing tributes. LONDON/ NEW YORK, Feb 26- The man synonymous with the "light-touch" regulation which allowed Royal Bank of Scotland to spiral out of control before its 45.5 billion pound government rescue looks set to guide it back to private hands. Davies, then deputy governor of the Bank of England, was asked to create a new city...

  • ATHENS, Feb 26- The expected growth in Greece's economy this year is at risk if the government can't fulfill its deal with creditors, public finances worsen and reforms stall, the country's central bank governor said on Thursday. Greece last week narrowly averted a banking collapse by accepting a last-minute deal with the euro zone to extend its bailout by...

  • *Consumer morale improve in Germany, France, Italy. FRANKFURT, Feb 26- Bank lending in the euro zone fell slightly in January but at a slower pace than a month earlier, suggesting the economy may be turning a corner as consumer morale picks up in the bloc's largest economies. European Central Bank President Mario Draghi said late on Wednesday that "all in all, the...

  • LONDON, Feb 26- Gold rose 1 percent on Thursday after comments from the Federal Reserve pushed back expectations for the first U.S. rate hike in nearly a decade, and as Chinese buyers snapped up metal on their return from the Lunar New Year break. Fed chair Janet Yellen indicated in testimony to the Senate Banking Committee on Tuesday and the House of...

  • Positive on UK banks: Strategist  Thursday, 26 Feb 2015 | 4:00 AM ET

    Jonathan Stubbs, European equity strategist at Citigroup, explains why he's positive on UK banks.

  • *RBS to cut investment bank assets by over 60 pct. *Howard Davies confirmed as chairman. LONDON, Feb 26- Royal Bank of Scotland will drastically shrink its investment banking operations, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on local lending in Britain.

  • Ukraine currency in limbo after central bank u-turn Thursday, 26 Feb 2015 | 3:56 AM ET

    Ukraine came under greater economic pressure after unexpectedly banning most currency trading and then abruptly reversing course.

  • *QQE in place until inflation target is stably achieved- Kuroda. TOKYO, Feb 26- Bank of Japan Governor Haruhiko Kuroda said on Thursday there was no ceiling on how much the central bank would expand its balance sheet relative to the size of the country's gross domestic product. The BOJ's balance sheet has expanded to 277 trillion yen as of Wednesday, nearly...

  • MOSCOW, Feb 26- Russia's banking system may see its bad loans rise to 17-23 percent of its loan portfolio in 2015 from around 8 percent last year, Standard& Poor's said on Thursday, underlining the impact of an economic crisis on the sector. Banks have suffered spike in bad loans and lower profits because of the crisis, deepened by Western sanctions over Moscow's...

  • SINGAPORE, Feb 26- Gold rose for a second session on Thursday as recent comments from Federal Reserve Chair Janet Yellen pushed back expectations for the first U.S. rate hike in nearly a decade to later in the year. Spot gold was up 0.6 percent at $1,211.11 an ounce at 0654 GMT after hitting a session high of $1,213.20. Yellen told the Senate Banking Committee on...

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