• LAGOS, Feb 11- Nigeria's overnight interbank lending rate fell to 12 percent on Wednesday from the previous day's record high of 100 percent, after the central bank refunded naira to dealers who were unsuccessful at its dollar auction. Dealers said a 30 billion naira budget allocation to some government agencies was also credited through the banking system,...

  • Feb 11- Hong Kong shares finished lower on Wednesday, weighed down by banking stocks as investors worried about the health of China's economy. There was muted response in Hong Kong for the People's Bank of China's pledge late on Tuesday to fight any downturn in the world's second-largest economy. Among the most actively traded stocks on Hong Kong's main board...

  • We've reinstated dividend early: ING CFO  Wednesday, 11 Feb 2015 | 1:10 AM ET

    Patrick Flynn, CFO of ING, says the company has reinstated its dividend ahead of schedule and says it will look to increase the dividend every year.

  • CBA: 'Customer is the focus of our business'  Wednesday, 11 Feb 2015 | 12:39 AM ET

    Ian Narev, CEO of Commonwealth Bank of Australia, outlines the lender's strategy in achieving an 8 percent jump in cash profit and outlines his expectations for Australia's interest rates.

  • SAN FRANCISCO/ WASHINGTON, Feb 11- Federal Reserve officials are debating a historic shift in one of its core economic gauges that could lead the central bank to move even slower than now thought once it lifts its rates from rock bottom levels. But it does offer Chair Janet Yellen a good reason to move at a snail's pace from then on to bring as many people as possible...

  • *Chinese telecom shares up on Qualcomm fines. SHANGHAI, Feb 11- China shares rose for a third straight day on Wednesday after the central bank vowed to support economic growth, but investors were reluctant to chase stocks too high on concerns that the rebound was due to technical factors and may be short-lived. The People's Bank of China made clear on Tuesday it was...

  • Chinese economy more sustainable now - China c.bank Tuesday, 10 Feb 2015 | 8:55 PM ET

    BEIJING, Feb 11- China's economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank Vice Governor Yi Gang told a G20 meeting of finance officials earlier this week. To stoke growth and bank lending, China's central bank last week reduced the amount of cash that banks have to hold as reserves for the first time in over two...

  • DIARY- Top Economic Events to Feb 24 Tuesday, 10 Feb 2015 | 7:01 PM ET

    LONDON- Bank of Japan policy board member Takehiro Sato speaks at the Japan Securities Summit 2015 on the outlook for the Japanese economy- 1410 GMT. NEW YORK- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Monetary Policy and a Reflection on 10 Years at the Fed" before the Economic Club of New York- 1300 GMT. PARIS- European Central Bank board...

  • Japan's MUFG to introduce US-style board - sources Tuesday, 10 Feb 2015 | 6:33 PM ET

    Mitsubishi UFJ Financial Group aims to add more directors to its board from outside the bank, revamping its management structure, says sources.

  • Why Singapore's DBS is in 'very good shape'  Tuesday, 10 Feb 2015 | 5:49 PM ET

    With DBS's core franchises in Hong Kong and Singapore performing well, markets shouldn't be too worried about the jump in bad loans in China, says Lachlan Colquhoun, chief executive officer, Asia at East & Partners.

  • LIMA, Feb 10- Peru's central bank will likely hold its benchmark interest rate at 3.25 percent on Thursday as it expects economic growth to rebound and the currency to continue weakening, a majority of analysts polled by Reuters said. The sol, which weakened by more than 6 percent last year, closed at a new low in nearly six years on Tuesday despite the central bank's...

  • Second apparent murder-suicide hits JPMorgan Tuesday, 10 Feb 2015 | 2:01 PM ET
    Police stand outside the house in Closter, N.J., Feb. 7, 2015 where a couple was found dead in a possible murder-suicide.

    Another New York-area JPMorgan Chase employee was involved in an apparent murder-suicide, but it's not clear it's a trend.

  • RALEIGH, N.C., Feb 10- The Federal Reserve should raise interest rates in June, a top Fed official said on Tuesday, saying the U.S. economy is strengthening and that inflation will move back to the central bank's target. "At this point, I think June looks like the attractive option" to raise interest rates, Richmond Fed President Jeffrey Lacker told reporters here.

  • Swiss scandal haunts HSBC's former boss Stephen Green Tuesday, 10 Feb 2015 | 12:17 PM ET

    DUBLIN, Feb 10- The scandal at HSBC's Swiss private banking arm is particularly awkward for former executive chairman Stephen Green. But the leaking of a vast array of detail about how HSBC's Swiss-based private bank allegedly helped some wealthy clients to dodge taxes has raised questions how Green apparently failed to spot serious control and compliance...

  • This is how Goldman is doing 'God's work' now Tuesday, 10 Feb 2015 | 8:55 AM ET
    Lloyd Blankfein at the 2015 WEF in Davos, Switzerland.

    One CEO presents the argument that the investment giant is a seller of stability, despite its embattled reputation.

  • ATHENS, Feb 10- Greek bankers said on Tuesday that deposit outflows have slowed so far in February after a sharp increase estimated for a month earlier, but savers are still uneasy over the new leftist government's standoff with its official lenders. Political uncertainty in the run-up to the Jan 25 vote sparked large deposit outflows, starving banks from...

  • EU QE may not help out banks—but watch real estate Tuesday, 10 Feb 2015 | 8:47 AM ET

    The ECB's massive QE program may only be of small help to the euro zone's banks, but could boost other sectors like real estate.

  • ATHENS, Feb 10- Greek bankers said on Tuesday that deposit outflows have slowed so far in February after they increased sharply a month earlier, but savers remain uneasy over the new leftist government's standoff with its official lenders. "Ouflows have decelerated so far in February," the chief executive of one of Greece's top four commercial banks told Reuters.

  • LONDON, Feb 10- The head of HSBC's private bank has told staff past practices, which may have allowed some clients to dodge taxes, are unacceptable and the bank has no appetite to deal with such customers. "The practices and the banking model of that time are no longer acceptable," Peter Boyles, chief executive of HSBC's Global Private Banking since December 2012, said...

  • *Raiffeisen jumps after saying will cut exposure to Russia. PARIS, Feb 10- European stocks were steady around midday on Tuesday, with UBS falling after it warned against the effects of the surging Swiss franc and negative interest rates in Switzerland and the eurozone. On Tuesday, Raiffeisen Bank International climbed 6.7 percent after the Austrian lender said...

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