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  • Bitcoin set to take over the financial world: Book Monday, 1 Dec 2014 | 11:06 AM ET
    A Israeli man buys Bitcoins at the first Bitcoin ATM machine installed in the Middle East on June 11, 2014 at the Town-House TLV hotel in the Mediterranean coastal city of Tel Aviv.

    A new book claims Bitcoin will someday replace the whole global financial system, doing the job of banks and insurance companies.

  • *SNB may join ECB in buying bonds to protect franc-euro cap. LONDON, Dec 1- European Central Bank efforts to ward off deflation could be supported by the Swiss National Bank if it recycles euros bought to defend its cap on the Swiss franc into top-rated bonds such as those of France and Belgium. "This puts France and Belgium into the sweet spot," said Michael Leister,...

  • LAGOS, Dec 1- Nigeria's central bank failed to keep the naira within its new target band again on Monday and the currency posted a record low closing level as investors continued to fret about the impact of plunging oil prices on Africa's biggest economy. Oil sales provide around 95 percent of Nigeria's foreign exchange and the naira is being driven down by...

  • *Focus on impact of low oil prices on Africa's top producer. LAGOS, Dec 1- The Nigerian naira posted a record low closing level against the dollar on Monday, despite central bank intervention to try and halt its slide, which is being driven by worries about the impact of plunging oil prices on Africa's biggest economy. The central bank has struggled to keep the naira...

  • Biotech hackers may be trying to game the Street Monday, 1 Dec 2014 | 8:31 AM ET

    Using flawless English and an insider’s knowledge of Wall Street, the cybercriminals have gained access to the inboxes of top health care executives.

  • FRANKFURT/ ROME, Dec 1- After subjecting European banks to year-long "stress tests" of their balance sheets, the European Central Bank is now planning a deeper examination to see whether their businesses are sufficiently profitable, efficient and well-run. For lenders in crowded markets such as Germany and Italy, this "business model review" may prove a tougher...

  • NICOSIA, Dec 1- Bailed-out Cyprus is expected to return to growth in 2015, while capital controls imposed during a chaotic bailout in 2013 could be completely dismantled soon, its central bank governor said on Monday. Cyprus slipped into recession in 2011. Data in November showed the economy shrinking by an annual 2.2 percent in the third quarter, from 2 percent...

  • Co-op Bank poised to miss UK stress test: Report Monday, 1 Dec 2014 | 5:21 AM ET

    Troubled U.K. lender The Co-operative Bank is set to fail a key Bank of England test of its financial strength this month, The Times reported.

  • NICOSIA, Dec 1- Cyprus is expected to return to growth in 2015 and this year's slowdown should be shallower than expected, its central bank governor said on Monday. "I'm optimistic 2015 will be a year where Cyprus will return to growth, the signs of recovery are faster," Georghadji, who also represents Cyprus on the Governing Council of the European Central Bank, told...

  • Budapest Stock Exchange boss on banking sector  Monday, 1 Dec 2014 | 2:20 AM ET

    Aggressive taxes on banks in Hungary will not make large lenders leave the country, Zsolt Katona, CEO of the Budapest Stock Exchange, says.

  • *Global weakness, oil slide deepen c.bank' s inflation worries. *Fed wary of lowering price expectations by flagging risks. NEW YORK/ SAN FRANCISCO, Dec 1- With the U.S. economy humming along at its fastest clip in more than a decade, the Federal Reserve should be confident about its ability to weather a global slowdown and start lifting interest rates around the...

  • China drafts rules for bank deposit insurance Sunday, 30 Nov 2014 | 6:09 PM ET

    China on Sunday issued draft regulations to introduce a bank deposit insurance system for the first time.

  • BEIJING, Nov 30- China on Sunday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps that pave the way for liberalising lending rates. The draft rules, issued by the Legislative Affairs Office of the State Council, China's cabinet, directly cover deposits of up to 500,000 yuan, according to a...

  • BEIJING, Nov 28- China has issued draft regulations to introduce deposit insurance of its banks for the first time, taking an important step that will pave the way for crucial interest rate reforms. The draft rules, issued by the State Council's Legislative Affairs Office, directly cover deposits of up to 500,000 yuan, according to a notice on the website of the...

  • BERLIN, Nov 29- German market watchdog Bafin has found isolated cases of possible criminal activity during its investigation into banks' practices in foreign exchange trading, the head of banking supervision was quoted as saying. Roeseler declined to confirm that a separate investigation into Deutsche Bank over possible efforts to manipulate benchmark...

  • BOGOTA, Nov 28- Colombia's central bank held the benchmark interest rate steady as expected on Friday, as inflation remains on target and policymakers worry about the economic impact of a drop in global oil prices. Oil is the biggest source of foreign exchange for Colombia, the fourth-largest oil producer in Latin America. Although the bank forecasts economic...

  • MOSCOW, Nov 28- Sanctioned Russian companies hoping to tap Asian bond markets for financing are struggling to find lawyers, underwriters or even bourses to help with potential deals, banking sources said on Friday. Some of Russia's largest firms and banks, including No. 2 bank VTB and leading oil producer Rosneft, have championed Russia's turn to the East after...

  • FRANKFURT, Nov 28- German European Central Bank policymaker Jens Weidmann said on Friday it was illusory to think central banks could increase a country's growth potential for a sustained period of time. The comments from Weidmann, chief of Germany's Bundesbank and arch-hawk on the ECB's policymaking Governing Council, came after the ECB's vice president...

  • LONDON, Nov 28- Euro zone banks that failed or barely passed this year's health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank's top banking supervisor said. "Partly because of the financial situation in Europe and partly because of the structure of the banking systems in...

  • SHANGHAI, Nov 28- China stock indexes rose for the seventh straight session on Friday and posted their biggest monthly gains in nearly two years, led by banking shares on speculation that a deposit insurance scheme would be unveiled soon. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.0 percent to 2,808.82 points, the highest...

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