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  • Chaired by Democrat Carl Levin, the panel issued a report alleging misdeeds by Credit Suisse, Switzerland's second-largest bank. The report said Credit Suisse opened Swiss accounts for more than 22,000 U.S. customers with combined assets of as much as $12 billion.

  • Discover Financial faces US probe over student lending Tuesday, 25 Feb 2014 | 5:47 PM ET

    The Consumer Financial Protection Bureau has issued a civil investigative demand to Discover Bank seeking information regarding certain student loan servicing practices, Discover said in its annual filing on Tuesday.

  • Chaired by Democrat Carl Levin, the panel issued a report alleging misdeeds by Credit Suisse, Switzerland's second-largest bank. The report said Credit Suisse opened Swiss accounts for more than 22,000 U.S. customers with combined assets of as much as $12 billion.

  • TORONTO, Feb 25- Bank of Montreal reported higher-than-expected quarterly earnings on Tuesday on strong wealth management and domestic banking profits, and executives said they expect the uneven performance of BMO's U.S. unit to eventually improve.

  • WASHINGTON, Feb 25- U.S. financial regulators plan to release on March 20 the results of annual stress tests, which weigh banks' ability to withstand an economic crisis, the Federal Reserve said on Tuesday. Last year, the Fed initially vetoed submissions by BB&T Corp and Ally Financial.

  • TORONTO, Feb 25- Bank of Montreal reported higher-than-expected quarterly earnings on Tuesday after a strong performance in its wealth management business and growth in domestic banking profits in spite of worries about a slowing housing market.

  • WASHINGTON, Feb 25- The U.S. Federal Reserve said on Tuesday it plans to release on March 20 the results of its annual stress tests, which weigh banks' ability to withstand an economic crisis. The results of those reviews will be released on March 26, the Fed said.

  • Feb 25- A Federal Reserve bank that had for months lobbied for a cut in the U.S. central bank's emergency lending rate dropped that request in January, minutes of Fed deliberations released on Tuesday showed.

  • Tim Geithner to release book     Tuesday, 25 Feb 2014 | 11:01 AM ET

    CNBC's Steve Liesman reports former Treasury Secretary Tim Geithner is releasing a book called "Stress Test" which reportedly reviews the financial crisis.

  • Feb 25- JPMorgan Chase& Co, the largest U.S. bank, is reducing both its target for profitability and its headcount in 2014, according to a Tuesday presentation. At the conference, Chief Financial Officer Marianne Lake said the bank could potentially post an annual profit of $27 billion once interest rates normalize.

  • *Turkey's January gold holdings down 31.171 T at 488.578 T. LONDON/ SINGAPORE, Feb 25- Gold holdings at Turkey's central bank fell by a hefty 31.171 tonnes in January, data from the International Monetary Fund showed, in a move analysts say may show commercial banks took bullion off deposit as the lira crashed.

  • TORONTO, Feb 25- Bank of Montreal said on Tuesday its quarterly profit rose 2 percent, topping estimates, as strength in its Canadian branch-banking business and lower loan loss provisions more than made up for a weak performance at its U.S. operation.

  • Bank of Montreal profit rises on retail banking Tuesday, 25 Feb 2014 | 7:13 AM ET

    Net profit for the first quarter ended Jan. 31 was C $1.06 billion, or C $1.58 a share, up from C $1.04 billion, or C $1.51 a share, a year earlier.

  • *Industrial Bank partially halts funding ahead of more policy. HONG KONG, Feb 25- China shares hovered at their lowest in more than two weeks early on Tuesday, limiting gains in Hong Kong, with property developers staying under pressure as fears lingered the government would impose more lending curbs on the sector.

  • JPMorgan Chase to cut thousands more jobs Monday, 24 Feb 2014 | 7:53 PM ET
    Pedestrians walk by JP Morgan Chase & Company headquarters in New York.

    JPMorgan Chase is planning more job cuts in its mortgage business due to be slashed because of plunging demand for home loans. The FT reports.

  • "I think we've gotten the details worked out and now it's just getting the schedule and... getting everyone lined up," Federal Deposit Insurance Corp Vice Chairman Thomas Hoenig told reporters at a conference.

  • WASHINGTON, Feb 24- The chief of Swiss bank Credit Suisse Group AG will square off on Wednesday against U.S. Levin is expected to release a report on Credit Suisse to coincide with the hearing at which bank CEO Brady Dougan and three other senior bank officers are slated to appear.

  • Are non-bank lenders the 'banks of today'?     Monday, 24 Feb 2014 | 11:20 AM ET

    Michael Arougheti, CEO of Ares Capital, discusses the growing European non-bank lending market and says that non-bank lenders have "become the banks of today."

  • MUMBAI, Feb 24- Reserve Bank of India Governor Raghuram Rajan said the government and the central bank shared similar views on inflation management, while reiterating a call for the U.S.

  • Ian Gordon, head of banks research at Investec Securities, says it is no surprise that the Royal Bank of Scotland is looking to cut thousands of jobs as the profitability of the company has fallen.

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