Societe Generale and Credit Agricole are both targets of inquiries from several US government offices for allegedly dealing in Iran, Sudan and Cuba.» Read More
Federal Reserve Governor Daniel Tarullo told the Senate Banking Committee that regulators require banks to notify customers and take certain remediation steps when breaches happen. Bank groups argued in letters to Congress this week that retailers' lack of disclosure requirements prevents information from reaching customers quickly.
Sen. Elizabeth Warren (D-MA) is questioning the financial system of the U.S., and JPMorgan Jamie Dimon's pay raise.
*Fed to buy $1 bln- $1.25 bln bonds due 2036-2043. Treasuries yields edged up on Thursday in choppy trading after European Central Bank President Mario Draghi gave no hint of imminent monetary policy easing in initial remarks after holding rates steady, and as investors positioned for Friday's highly anticipated jobs report for January.
*Intesa Sanpaolo and UniCredit in talks with KKR- sources. MILAN, Feb 6- Italy's top two banks, Intesa Sanpaolo and UniCredit, are in preliminary talks with U.S. investor KKR about setting up a fund to hold some of the lenders' problematic loans, two sources close to the matter said.
FRANKFURT, Feb 6- The European Central Bank left interest rates unchanged on Thursday, holding off fresh policy action to combat the threat of deflation while it waits for new staff forecasts next month. The decision to leave rates on hold was expected by most economists as the bank awaits updated economic projections from its staff next month.
LONDON/ BRUSSELS, Feb 6- The European Commission has asked the Bank of England to explain how new allowances in British bankers' pay comply with an EU bonus cap, an official at the bloc's executive said, a new flashpoint of friction over the reach of financial control.
Tim Skeet, managing director for financial institutions DCM at RBS, expects the ECB to cut its rates on Thursday and says it is likely to be "creative" to support the region's banking sector.
Edmund Shing, global equity portfolio manager at BCS Financial Group, says investors would be "brave" to buy European banks as there may be more "skeletons in the closet" in terms of litigation.
WASHINGTON, Feb 5- A top U.S. bank regulator plans to tell lawmakers on Thursday that final leverage rules for U.S. banks will incorporate recent revisions to a global capital standard, which likely means tougher requirements for the institutions.
Deutsche Bank has fired a currency trader in Argentina amid investigations by global regulators into alleged manipulation of the FX market.
NEW YORK/ LONDON, Feb 5- New York banking regulator Benjamin Lawsky is seeking documents from some of the biggest banks in foreign exchange trading, including Deutsche Bank, Goldman Sachs and Barclays, a source familiar with the matter said Wednesday, as a global probe into possible market manipulation widens.
BIRMINGHAM, Ala./ NEW YORK, Feb 5- Going a step further than his colleagues at the Federal Reserve, a hawkish policymaker said on Wednesday the U.S. central bank should wind down its bond purchases faster than planned and end it before mid-year.
LONDON, Feb 5- Ailing emerging markets are caught between a rock and a hard place- Washington and Beijing to be more precise. For much of 2013, the investor narrative was that currencies and stock markets from Mumbai to Moscow and Istanbul to Johannesburg were running aground as Federal Reserve largesse ebbed away.
DUBLIN, Feb 5- Ireland's collapsed Anglo Irish Bank decided to do something "absolutely illegal" by lending money to individuals so they could buy the bank's own shares, prosecutors said on Wednesday.
NEW YORK, Feb 5- Texas and Florida bankers' groups are appealing the dismissal of a lawsuit they brought last year challenging rules meant to help the government implement the Foreign Account Tax Compliance Act, a law aimed at combating offshore tax evasion.
DEUTSCHE BANK: Deutsche Bank AG was the first major bank to pull the plug on its global commodities trading business, announcing its exit from trading in energy, agriculture, base metals, coal and iron ore in early December.
More than a dozen banks are being probed by the NY Department of Financial Services regarding possible manipulation in the foreign exchange markets.
ACCRA, Feb 5- Ghana's central bank tightened foreign exchange rules on Wednesday and looked set to raise interest rates in response to a currency slide and the end of the U.S.
NEW YORK, Feb 5- Benjamin Lawsky, New York's financial services superintendent, has opened an investigation into manipulation of the currency markets by large banks and is requesting documents from more than a dozen institutions, according to a source familiar with the matter.
*Start-ups, lenders try to make banking more like a game. *Nine percent of banks try' gamification'- industry body. PARIS, Feb 5- Imagine if getting a bank loan was like playing a computer game: as you performed special moves, completed levels and racked up points, your credit profile improved and your cost of borrowing dropped.