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  • JPMorgan finds further breach of its network: NYT Thursday, 2 Oct 2014 | 3:56 PM ET
    Pedestrians walk by JP Morgan Chase & Company headquarters in New York.

    For the second time in roughly three months, JPMorgan is scrambling to contain the fallout from a security breach of its network. The NYT reports.

  • UBS analyst's big bank calls     Thursday, 2 Oct 2014 | 12:52 PM ET

    UBS analyst Brennan Hawken, explains why he upgraded Bank of America and downgraded JPMorgan.

  • KIEV, Oct 2- Ukraine's military conflict with pro-Russian separatists in the industrial east will force the Kiev government to shelve hopes of resuming economic growth until 2016, the World Bank said on Thursday. The international lender said Ukraine's economy was likely to shrink by 8 percent this year and contract further in 2015 because of the effect of...

  • NAPLES, Italy, Oct 2- The European Central Bank laid out plans on Thursday to buy rebundled packets of debt within weeks to shore up the flagging euro zone economy and its president said the bank would do more if needed. Just months after unveiling a multi-pronged attack to help the economy, with cheap bank loans, lower interest rates and a pledge to buy reparcelled...

  • Bad idea, Beijing: Crackdown may kill golden goose Thursday, 2 Oct 2014 | 10:10 AM ET
    Pro-democracy demonstrators protest in front of the Government Complex in Hong Kong on Oct. 2, 2014.

    China's recent push to tighten control over Hong Kong's political process could turn out to be a very costly move for Beijing.

  • *Interest rates on hold at record lows. NAPLES, Italy, Oct 2- The European Central Bank will buy bundles of loans and other forms of secured debt from mid-month in an attempt to kick start a languishing euro zone economy, despite misgivings in Germany and elsewhere. President Mario Draghi said the ECB would begin to buy covered bonds, a form of secured debt, from banks...

  • Bank of America names CEO Moynihan chairman Thursday, 2 Oct 2014 | 7:08 AM ET
    Brian Moynihan, president and CEO of Bank of America at 2014 WEF in Davos, Switzerland.

    Bank of America said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.

  • *Russia central bank's new scenario envisages $60 oil price. MOSCOW, Oct 2- Russia's central bank will not introduce restrictions on cross-border capital and currency movements even under its worst-case scenario where oil falls to $60 per barrel, Governor Elvira Nabiullina said on Thursday. The central bank said on Wednesday it was working on a "stress...

  • RUSSIAN CENTRAL BANK GOVERNOR NABIULLINA SAYS CENTRAL BANK SOLD SLIGHTLY OVER $4 MLN IN FOREX INTERVENTIONS ON WEDNESDAY.

  • MOSCOW, Oct 2- Russia's central bank will introduce seven-day and 28- day foreign currency repo auctions within a few weeks, the bank's governor Elvira Nabiullina said on Thursday. She told a VTB Capital conference that the new facility would help Russian companies and banks deal with problems caused by the closure of external markets. The bank recently...

  • Chinese banks shun depositors as rules bite Wednesday, 1 Oct 2014 | 7:45 PM ET

    China's banks this week found themselves turning away would-be depositors as they scrambled to comply with new rules. The Financial Times reports.

  • TORONTO, Oct 1- Royal Bank of Canada has decided not to divest its U.S. proprietary trading arm in its current form but will work to comply with new regulations there, the lender said on Wednesday. Canada's largest bank by market capitalization said it has been actively working to restructure the proprietary trading business- which uses the bank's own funds- to...

  • IMF says banker bonus caps don't cut risks Wednesday, 1 Oct 2014 | 11:49 AM ET

    LONDON, Oct 1- Capping bankers' bonuses will not cut risk in the financial system, the International Monetary Fund said on Wednesday, offering Britain moral support in its legal challenge to EU curbs on pay in the financial sector. The European Union has gone further, capping banker bonuses at twice fixed salary.

  • China’s shadow banks need ‘close monitoring’: IMF Wednesday, 1 Oct 2014 | 2:00 PM ET

    China’s booming shadow banks needs scrutiny, the IMF said on Wednesday, shortly after an official from the Chinese central bank defended the sector.

  • *Hong Kong unrest saps risk appetite. LONDON, Oct 1- Stocks worldwide began the fourth quarter on a negative note on Wednesday, as lacklustre economic data and civil unrest in Hong Kong kept investors cautious before a European Central Bank meeting later this week. Federal Reserve on the one hand and the European Central Bank and Bank of Japan on the other.

  • *Hong Kong unrest saps risk appetite. LONDON, Oct 1- Stocks worldwide began the fourth quarter on a negative note on Wednesday, as lacklustre economic data and civil unrest in Hong Kong kept investors cautious before a European Central Bank meeting later this week. Federal Reserve on the one hand and the European Central Bank and Bank of Japan on the other.

  • "Given its size, economic potential and its strategic position between China and India, Myanmar is forecast to be one of the fastest growing economies in the region over the medium term," Andrew Geczy, CEO of international and institutional banking for Australia and New Zealand Banking Group, said in a statement.

  • JGBs mixed as BOJ refrains from buying superlong bonds Wednesday, 1 Oct 2014 | 5:09 AM ET

    TOKYO, Oct 1- Japanese government bond prices were mixed on Wednesday ahead of the next session's 10- year auction, with superlong JGBs extending losses. Contrary to some market participants' expectations, the Bank of Japan did not offer to buy any superlong JGBs under its massive JGB purchase program.

  • MOSCOW, Oct 1- The Russian rouble weakened on Wednesday after the Central Bank conducted its first overnight rouble-dollar swap operation to boost banking liquidity. This was the first time the market used the mechanism that the Central Bank introduced on Sept. 16.

  • Russian bank VTB says "not afraid" to invest in Mechel Wednesday, 1 Oct 2014 | 3:33 AM ET

    MOSCOW, Oct 1- Andrei Kostin, the head of VTB Bank, one of Russia's largest, said on Wednesday the lender was "not afraid" of investing into debt-laden coal and steel producer Mechel. He also said he was sure that Russian banks would find the necessary funds to service Mechel's $1 billion borrowed from a syndicate of Western banks.

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