Russian companies are moving cash holdings to Asian banks as sanctions have raised fears that Russia could be shut out of US dollar funding markets.» Read More
FRANKFURT, Feb 4- The European Central Bank has discussed the possibility of suspending operations to soak up money it spent on sovereign bonds but this is just one policy option and is unlikely to be decided this week, people familiar with the issue say.
Tom Naratil, UBS CFO, shares his thoughts on where his bank is finding value in global opportunities. The outlook for the U.S. is good, says Naratil.
SINGAPORE, Feb 4- The Australian dollar stole the limelight on Tuesday, surging over half a U.S. cent after Australia's central bank surprised some traders by dropping its bias towards easing rates.
Tim Pawlenty, Financial Services Roundtable president and CEO, discusses Washington's sentiment on big banks.
NEW YORK, Feb 3- A key measure of the U.S. labor market appears to exaggerate the damage brought on by the Great Recession, according to a fresh study by the Federal Reserve Bank of New York, suggesting the job market may be closer than previously thought to a full recovery.
NEW YORK, Feb 3- Former Federal Reserve Chairman Ben Bernanke began his new job at the Brookings Institution on Monday, wasting no time getting back to work just three days after ending his tenure as head of the world's most powerful central bank.
LONDON, Feb 3- European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders and putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India and South Africa intensifies.
LONDON, Feb 3- Bank of America Merrill Lynch is raising salaries for some of its senior bankers by about 20 percent, a person familiar with the matter said on Monday, to get around a new European Union cap on pay.
LONDON, Feb 3- Central banks in emerging markets are under growing pressure to increase interest rates in order to support their currencies and head off inflation caused by weaker exchange rates.
The European recovery should benefit from the stress tests on banks, says Vitor Constancio, ECB vice president.
*BoE could look to the U.S. Fed to overhaul forward guidance. LONDON, Feb 3- When it begins overhauling its "forward guidance" policy this month, the Bank of England may be tempted to look across the Atlantic for inspiration, perhaps even cloning one of the tools that has served the U.S.
*Monthly supply-demand gap may exceed $500 mln. CAIRO, Feb 3- Egypt's central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange- but in back alleys and money changing shops around the country, illicit dealing continues to thrive.
Wells Fargo held the top spot as world's most valuable banking brand, with a brand value of over $30 billion, according to a report on Monday.
The U.S. Justice Department is investigating financial funds that may have violated anti-bribery laws in their dealings with Libya.
LONDON, Feb 3- The euro was soft on Monday as investors thought it more likely the European Central Bank would have to ease policy in a radical way to combat slowing inflation, with the bank meeting later this week.
Boris Collardi, CEO of Julius Baer, says he is positive for 2014 despite the group missing analysts' profit forecasts when it announced its results on Monday.
Investors including U.S. hedge fund Elliott Associates have escalated a legal battle against members of Porsche's supervisory board.
Mizuho Financial Group is raising its dividend payout as profits surge and other banks might follow suit, but these benefits may be short-lived.
TOKYO, Feb 3- Mizuho Financial Group is raising its dividend payout as profits surge and other big Japanese banks may follow suit, but the benefits to shareholders may be short-lived. Japan's three "megabanks" are benefiting from Prime Minister Shinzo Abe's stimulus policies.
A New York state judge approved most of Bank of America Corp's $8.5 billion settlement with investors in mortgage securities.
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