For banks working on their post-financial crisis image, catering to poor clients may lead to good will from regulators, the NYT reports.» Read More
*Crown sinks after 50 bps rate cut. LONDON, July 3- The Swedish crown fell to a 3-1/ 2- year low against the euro on Thursday as the central bank cut rates more than expected, while the Australian dollar lost ground after the head of its central bank chief warned the currency could weaken.
Jonathan Webb, Head of FX Strategy, Jefferies Bache and Sean Callow, Senior Currency Strategist at Westpac Bank, discuss their expectations for Thursday's European Central Bank meeting.
Shanghai is leading a race to host the headquarters of a new "Brics" development bank that will challenge multilateral lending institutions.
*Mitsubishi UFJ, CIMB and TPG among suitors- bankers. *Targets include Rizal Commercial Banking Corp- bankers.
A new financial firm wants to be the financial backbone for the hemp and cannabis industry.
Correction: No new developments in Citi/DOJ case an older story was repeated in error.
Goldman Sachs seeks judge to order Google to delete mistakenly sent email.
While Jamie Dimon's prognosis for recovery is good, JPMorgan's board needs to think about his successor, says Yale professor Jeffrey Sonnenfeld.
*Say Turkish state bank Ziraat Bank interested in Asya. ISTANBUL/ DUBAI, July 2- Qatar Islamic Bank and Turkey's Bank Asya have ended exclusive talks over QIB acquiring a stake in the Turkish lender, four sources close to the matter told Reuters, with valuation concerns said to be behind the decision.
Two former female employees of Goldman Sachs who have accused the bank of gender discrimination are seeking class action status for their case.
SHANGHAI, July 2- A Chinese bank is suing a local government-controlled property investment firm over a bad loan, in a rare public display of a deepening rift between lenders and borrowers in China's murky $3 trillion local debt market.
HONG KONG, July 2- China shares finished at two-week highs on Wednesday after rises by shares of big banks helped erase morning losses. Industrial and Commercial Bank of China gained 0.6 percent and Bank of China 0.8 percent, the biggest boosts in Shanghai.
Tracey Emin's "My Bed," complete with cigarette butts, crumpled sheets and underwear, sold for $4.25 million.
*Helps banks to navigate restrictions in Turkey, Algeria. In January, Dubai- based Noor Islamic Bank changed its name to Noor Bank. Abu Dhabi Islamic Bank, the emirate's largest sharia-compliant lender, now plans to call itself Abu Dhabi International Bank when operating abroad.
WASHINGTON- Federal Reserve Chair Janet Yellen gives Michel Camdessus lecture at an event hosted by the International Monetary Fund in Washington- 1400 GMT. STOCKHOLM- Swedish Central Bank holds Monetary Policy meeting. LONDON- RBA Assistant Governor Guy Debelle gives a speech to the Financial Times Camp Alphaville Conference in London- 1105 GMT.
JPMorgan CEO Jamie Dimon told his employees that he has 'curable' throat cancer.
Although global exports and overall trade finance have bounced back to record highs, data from export insurance association Berne Union suggests public agencies, like the Ex-Im Bank, are still providing much of the support. The private sector share of Berne Union- insured exports and investments shrank from about two-thirds in 2008 to just under half in 2013..
Two other major French banks, Credit Agricole and Societe Generale, Germany's Deutsche Bank AG, and Banamex USA, the U.S. arm of Citigroup Inc's Mexican banking group Banamex, are among those being investigated for possible money laundering or sanctions violations, according to people familiar with the matter and public disclosures.
NEW YORK, July 1- The euro slipped from a six-week peak against the dollar on Tuesday, as worries about verbal intervention by the European Central Bank after recent strength in the euro zone common currency tempered buying.
July 1- Citigroup Inc has bought Deutsche Bank AG's U.S. power trading books, the latest move by the U.S. bank to build its energy trading business as other Wall Street rivals retreat, two sources said on Tuesday. The sources said Deutsche sold two power trading books to Citi last week covering the ERCOT region in Texas and the East and Midcontinent.
Get the best of CNBC in your inbox