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  • SAO PAULO, Feb 23- Fallout from a corruption scandal at Brazil's state-controlled oil producer could hurt Banco do Brasil SA more than any other large bank, though quantifying damage from potential loan losses is difficult, UBS Securities said on Monday. Banco do Brasil is the nation's largest lender by assets. On the other hand, Itaú Unibanco Holding SA and...

  • SINGAPORE, Feb 24- Gold steadied near its lowest level in seven weeks on Tuesday as investors looked to Federal Reserve Chair Janet Yellen's Senate testimony for signs of when the U.S. central bank will raise interest rates. *Spot gold was little changed at $1,203.52 an ounce by 0041 GMT. *Yellen will discuss the outlook for the U.S. economy and monetary policy in her...

  • *Fed chair Yellen testifies before Congress at 1000 EST/ 1500. SYDNEY, Feb 24- Caution shrouded Asian markets on Tuesday as investors fretted over what Federal Reserve Chair Janet Yellen might say on the likely lift-off date for policy tightening later in the session. Moves were marginal at best and MSCI's broadest index of Asia-Pacific shares outside Japan...

  • DIARY-Top Economic Events to March 9 Monday, 23 Feb 2015 | 7:01 PM ET

    FRANKFURT- European Central Bank President Mario Draghi gives a speech at an event to unveil the new 20 euro banknote- 1400 GMT. LONDON, United Kingdom- Bank of England monetary policy member Kristin Forbes speaks at the annual State of the Economy Conference on "Prospects for the UK Economy" organized by the Institute of Economic Affairs- 0910 GMT.

  • NEW BRITAIN, Conn.— Police responding to a report of an invasion at the home of a credit union official on Monday uncovered what they believe is a robbery plot and then found a man with an apparent bomb strapped to his body at the credit union. The series of events began just after 8 a.m. in nearby Bristol at the home of the Achieve Financial Credit Union's chief...

  • WASHINGTON, Feb 23- The Senate Banking committee is expected to hold a hearing next week on reforms aimed at the Federal Reserve, a Senate aide said on Monday, as lawmakers push for more transparency at the U.S. central bank. The Senate aide said the timing could change at the last minute, but for now, it was set for March 3. The Republican takeover of the Senate this year...

  • US Senate to hold Fed reform hearing on March 3-aide Monday, 23 Feb 2015 | 2:36 PM ET

    WASHINGTON, Feb 23- The Senate Banking committee is expected to hold a hearing next week on reforms aimed at the Federal Reserve, a Senate aide said on Monday, as lawmakers push for more transparency at the U.S. central bank. The hearing will be scheduled for the afternoon of March 3, the aide said. The new chairman of the Republican-led Senate Banking, Housing and...

  • ROME— Italy and Switzerland have signed an accord ending Swiss banking secrecy. Italy hopes the arrangement will help it fight tax evasion. Premier Matteo Renzi says the accord means "billions of euros" will return to Italy in tax revenues.

  • There's a new mortgage crisis brewing: Dick Bove Monday, 23 Feb 2015 | 12:09 PM ET
    Richard Bove of Rafferty Capital Markets.

    There's a new mortgage crisis brewing — only this one is completely different than the one in 2008, says bank analyst Dick Bove.

  • Capital markets should fill banks' void: Pro  Monday, 23 Feb 2015 | 11:20 AM ET

    Jim Esposito, co-head of Global Financing Group at Goldman Sachs, says that European capital markets should step in to fill the void that's being left by the banking system.

  • Time for a European capital markets union?  Monday, 23 Feb 2015 | 11:10 AM ET

    Is it time for Europe to develop a new unified capital markets model? Jim Esposito, co-head of Global Financing Group at Goldman Sachs, weighs in with his thoughts.

  • METALS-Copper dips as oil falls, eyes Fed testimony Monday, 23 Feb 2015 | 8:49 AM ET

    LONDON, Feb 23- Copper slipped in relatively thin trade on Monday as oil prices dropped, with the market shrugging off a European debt deal for Greece and attention shifting to upcoming testimony by the U.S. central bank chief. I'm not sure, "said Nic Brown, head of commodities research at Natixis in London. On Tuesday, markets will focus on testimony by Federal...

  • Goldman raises top end of legal loss estimate to $3B Monday, 23 Feb 2015 | 10:57 AM ET
    Traders work at the Goldman Sachs booth on the floor of the New York Stock Exchange.

    Goldman Sachs has raised the top end of its estimate of "reasonably possible" legal losses to about $3 billion from $2.5 billion.

  • KIEV, Feb 23- The head of Ukraine's central bank said on Monday the bank would tighten currency controls on importers in a move to defend the struggling national hyrvnia currency. The bank said it would control all prepayment for importers' contracts over $50,000 and any importer with a contract over $500,000 would need to have a letter of credit with a top-rated...

  • LONDON, Feb 23- Copper slipped on Monday on worries about a Greek bailout deal, concern about upcoming testimony by the U.S. central bank chief and as oil prices dropped. I'm not sure, "said Nic Brown, head of commodities research at Natixis in London. On Tuesday, markets will focus on testimony by Federal Reserve Chair Janet Yellen before the Senate Banking Committee...

  • Obama presses new rule for broker retirement advice Monday, 23 Feb 2015 | 6:12 AM ET

    President Obama is pushing for a new rule that would require brokers to follow tighter standards when advising clients on retirement plans.

  • LONDON— Britain's government has cut its stake in Lloyds Banking Group by another 1 percent, recouping about 500 million pounds for taxpayers who rescued the bank at the height of the financial crisis. Chancellor George Osborne announced the sale Monday, updating plans for reducing the government's stake that were announced in December.

  • Are EU capital markets getting US makeover?  Monday, 23 Feb 2015 | 5:40 AM ET

    Is Europe moving closer to a U.S. style model in terms of capital markets? Huw Pill, chief European economist and co-head of the economics team at Goldman Sachs, gives his thoughts.

  • HSBC results are 'very disappointing'  Monday, 23 Feb 2015 | 4:15 AM ET

    Discussing HSBC's recent earnings, Ed Firth, banking analyst at Macquarie, says the results were "very disappointing."

  • HSBC offers apology as CEO mired in scandal, too Monday, 23 Feb 2015 | 4:05 AM ET

    LONDON— HSBC executives offered a fresh mea culpa Monday as its chief executive found himself personally mired in the scandal surrounding allegations that the bank helped wealthy clients dodge taxes. On a conference call with reporters, Gulliver said he opened the account through a Panamanian company to protect his own privacy because other executives at...

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