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  • PARIS, April 19- Greek banks may soon run out of collateral to access European Central Bank refinancing unless Athens reaches an agreement with the European Union and International Monetary Fund on economic reforms, France's central bank chief said. The remarks by Banque de France Governor Christian Noyer, to be published by Le Figaro on Monday, came as Athens...

  • *Kotak, Axis Bank targeting strong growth. MUMBAI, April 20- Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers. India's 20 million credit cards-- for a population of 1.3 billion-- amount to just 0.5...

  • REUTERS BUSINESS SCHEDULE AT 2000 GMT / 4:00 p.m. ET Sunday, 19 Apr 2015 | 4:50 PM ET

    ATHENS- Euro zone deputy finance ministers will meet midweek ahead of a Eurogroup finance ministers' gathering two days later, a Greek government official tells Reuters, as Athens and its creditors continue to seek a deal on reforms to unlock aid. BOJ's Kuroda says Japan inflation to' gradually accelerate' toward target. WAYZATA, Minn.- Bank of Japan Governor...

  • LONDON, April 19- British finance minister George Osborne said on Sunday that he intends to sell billions of pounds of government shares in Lloyds Banking Group to small investors if his Conservative Party wins the May 7 election. The move harks back to the privatisation of Britain's state telecoms and gas monopolies in the 1980 s under former Prime Minister...

  • *UK tax rise will cost pair $2 bln/ yr and may rise again. LONDON, April 19- HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK banks makes staying in Britain increasingly painful. "There is a very clear risk that HSBC and StanChart reach a pain threshold where they think it is no longer worth...

  • FACTBOX-Chinese RRR and interest rate changes Sunday, 19 Apr 2015 | 7:48 AM ET

    BEIJING, April 19- China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth. The People's Bank of China lowered the reserve requirement ratio for all banks by 100 basis points-...

  • China's Central Bank to cut bank reserve requirement Sunday, 19 Apr 2015 | 6:00 AM ET

    BEIJING— China's Central Bank said Sunday that it will cut its bank reserve requirement ratio by 1 percentage point to stimulate more lending into a slowing economy. The Communist Party-run People's Daily said the cut will release 1.2 trillion yuan, or about $194 billion, into the world's second-biggest economy. The Central Bank also said it will cut an extra 1...

  • WASHINGTON, April 18- The Bank of Canada's decision to hold interest rates steady last month, coming on the heels of rising oil prices, appears to have pushed hesitant foreign exchange traders to bid up the Canadian dollar, central bank Governor Stephen Poloz said. And the Canadian dollar usually responds and wasn't, "he told reporters late on Friday on the...

  • FRANKFURT, April 18- Deutsche Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by management, sources familiar with the internal discussions at Germany's biggest lender said. The choice to keep most retail operations and offload only Postbank, which Deutsche bought in steps for about 6 billion...

  • FACTBOX-Deutsche Bank looks to slash retail banking Saturday, 18 Apr 2015 | 8:54 AM ET

    FRANKFURT, April 18- Deutsche Bank will sell Postbank but keep its own-branded retail division under one of two strategic overhaul models currently favoured by management, sources familiar with internal discussions said. This model would see Deutsche Bank broken in two, with all retail activities sold off, and Deutsche abandoning its so-called universal...

  • Why banks made more money last quarter Friday, 17 Apr 2015 | 3:41 PM ET

    NEW YORK— Wall Street and Main Street gave banks a boost last quarter. JPMorgan Chase created $24.7 billion worth of mortgages, up 45 percent from a year earlier, while Bank of America put together mortgages worth $13.7 billion, up 54 percent. Wells Fargo, the nation's largest mortgage lender, generated $49 billion in home loans, up 36 percent from the same period...

  • WASHINGTON, April 17- U.S. consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of inflation that should keep the Federal Reserve on course to start raising interest rates this year. "The data should allay the disinflation concerns that predominated earlier this year and, on the margin, increase the Fed's...

  • FRANKFURT, April 17- Deutsche Bank's board has decided to sell its Postbank unit, rather than splitting off all retail operations at Germany's biggest lender, Der Spiegel magazine reported on Friday, without citing sources. The Deutsche Bank branded branch network would therefore remain a part of the company, though there would be branch closures and some...

  • WASHINGTON, April 17- The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways. "In an environment of diverging monetary policy settings and rising financial market volatility, policy settings should be carefully calibrated and...

  • WASHINGTON, April 17- The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways.

  • BEIJING, April 17- China's bank regulator temporarily suspended this week new financial industry cybersecurity rules after feedback from banks, showing the practical challenges of the nation's long-term effort to cut dependence on entrenched foreign technology. China has recently advanced a wave of new policies to tighten cybersecurity roughly 18...

  • Global finance leaders see economy strengthening Friday, 17 Apr 2015 | 12:43 AM ET

    WASHINGTON— Financial officials from the world's major economies on Friday welcomed modest improvements in the global economy while side-stepping fears rattling global financial markets that Greece will default on its bailout loans. The meetings' chairman, Turkey's Deputy Prime Minister Ali Babacan, said the problems confronting Greece did not come up...

  • "Confidence is back," said Laura Oberst, an executive vice president at Wells Fargo& Co who oversees commercial banking for the central U.S. region. A Wells Fargo spokeswoman could not immediately provide a bank-wide utilization rate for commercial and industrial borrowers, but said it has gone up a few percentage points over the past year. The increased usage...

  • SHANGHAI, April 17- China's yuan firmed against the dollar for the third straight session on Friday after the central bank fixed its daily guidance rate to more than two-month high, further strengthening views that the yuan will remain stable, traders said. The People's Bank of China set the midpoint rate at 6.1267 per dollar prior to market open, the highest...

  • Federal Reserve may allow big banks to use some municipal bonds to meet new liquidity rules that ensure they have enough cash during a credit crunch, the Wall Street Journal reported, citing people familiar with the matter. The Fed had excluded debt issued by cities and states when it approved liquidity rules for large banks in September, part of a global effort...

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