Societe Generale and Credit Agricole are both targets of inquiries from several US government offices for allegedly dealing in Iran, Sudan and Cuba.» Read More
PARIS- Federal Reserve Bank of Philadelphia President Charles Plosser participates in the Global Interdependence Center "Monetary Policy& Banks and the Rise of Global Protectionism" conference in Paris, France- 0945 GMT.
March 7- Visa Inc and MasterCard Inc said they had launched a cross-industry group to improve security for card transactions and press U.S. retailers and banks to meet a 2015 deadline to adopt technology that would make it safer to pay with plastic.
*JPMorgan analysts apply 70 pct haircut on Italian banks' collateral. MILAN, March 7- The Bank of Italy is hiring up to five real estate consultants to assess whether banks are correctly valuing property used as loan collateral amid depressed market prices, potentially forcing them to set aside more cash against defaults.
MOSCOW, March 7- Russia's central bank is taking steps to prevent the bankruptcy of the Moscow subsidiary of Ukraine's Privatbank, the Bank of Russia said on Friday, after Privatbank accused it of putting Moskomprivatbank under administration for political reasons.
Marty Mosby, Guggenheim Partners analyst, provides his top banking plays, and weighs in on whether banks are still a buy after last year's rally and this morning's better-than-expected jobs number.
LONDON, March 7- Emerging economies may be on the cusp of a great unwinding of borrow-low invest-high carry trades, through which an estimated $2 trillion has flooded mainly into their debt markets in the past five years.
LONDON, March 7- European Union lawmakers will consider toughening up the bloc's cap on bankers' bonuses after lenders have begun softening its impact by awarding extra "allowances" to top up fixed pay.
MOSCOW, Mach 7- Russia's central bank is taking steps to prevent the bankruptcy of Moskomprivatbank, the Moscow subsidiary of Ukraine's Privatbank, the Bank of Russia said on Friday.
HOUSTON, United States- Former Federal Reserve chairman Ben Bernanke speaks before the HIS CERAWeek 2014 conference in Houston, Texas- 1730 GMT. NEW YORK- Federal Reserve Bank of New York President William Dudley speaks on the economy and local conditions before community and business leaders- 1700 GMT.
WASHINGTON, March 6- Federal Reserve Bank of St Louis President James Bullard had the biggest impact on bond markets of all Fed policymakers in 2013, according to a new tally.
"Banks have been laggards that are now catching up," says Mike Mayo, CLSA research analyst, discussing valuations and breaking down the banking sector. Mayo also gives his best big bank play.
WASHINGTON, March 6- It could be another two months before the U.S. In an interview, Atlanta Fed President Dennis Lockhart said flatly that the central bank should keep reducing its policy accommodation even if the February jobs report on Friday falls short of expectations, making for three straight months of sub-par hiring in the world's largest economy.
WASHINGTON/ NEW YORK/ LONDON, March 6- The U.S. economic outlook would have to change dramatically for the Federal Reserve to alter the pace at which it is winding down its massive bond-buying program, three top U.S. central bankers said on Thursday.
WASHINGTON, March 6- Monetary policy is too "crude" of a tool to address possible asset-price bubbles in particular financial markets or corners of the economy, a top Federal Reserve official said on Thursday.
Despite litigation, JP Morgan is already delivering on a fundamental basis, says Jeff Harte, Sandler O'Neill, breaking down the performance of some big banks in the financials sector.
A new crop of alternative lenders is offering a middle path between banks and cash advance lenders, The New York Times reports.
RIO DE JANEIRO/ BRASILIA, March 6- Brazil's central bank said on Thursday it will remain vigilant to minimize the risk of high inflation despite some moderation in price increases, signaling it may not be done raising interest rates just yet.
LONDON, March 6- The euro inched higher on Thursday as the European Central Bank kept interest rates on hold, shaking out some bets of a cut in base rates to support euro zone growth and weaken returns on the single currency versus its peers. That puts the onus on a news conference by President Mario Draghi starting at 1330 GMT.
*Focus shifts to Draghi's 1330 GMT news conference. FRANKFURT, March 6- The European Central Bank left interest rates unchanged on Thursday, holding its nerve in the face of uncomfortably low inflation though it may unleash other measures to pep up a fragile euro zone recovery. "This is no surprise," RBS economist Richard Barwell said.
David Einhorn's Greenlight Capital has increased its bet on Greece's Alpha Bank, making it a top five holding.