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  • Chinese bad debt spikes by more than a third Thursday, 23 Apr 2015 | 10:36 PM ET

    Chinese banks face a spike in bad loans amid slowing economic growth, PwC warns in a new report.

  • WASHINGTON/ CHICAGO, April 23- The Briton blamed for contributing to the May 2010 Wall Street flash crash maintained frenetic relationships with a series of brokers, banks and software firms that appear to mirror his rapid-fire trading activity, U.S. court documents showed. Navinder Singh Sarao, 36, was arrested in London on criminal charges this week, and...

  • WASHINGTON/ CHICAGO, April 23- The Briton blamed for contributing to the May 2010 Wall Street flash crash maintained frenetic relationships with a series of brokers, banks and software firms that appear to mirror his rapid-fire trading activity, court documents showed. Navinder Singh Sarao, 36, was arrested in London on criminal charges this week, and...

  • BB&T CEO: Trying times for banking industry   Thursday, 23 Apr 2015 | 4:35 PM ET
    BB&T CEO: Trying times for banking industry

    Discussing how the current interest rate environment is impacting earnings and the financial sector, with Kelly King, BB&T CEO.

  • LONDON, April 23- Deutsche Bank traders sent casual messages to colleagues politely asking them to rig global interest rate benchmarks, as a six-year criminal campaign of fraud became routine practice at Germany's biggest bank, British regulators said on Thursday. While other banks have already been implicated in rate rigging- including Britain's Barclays,...

  • LONDON/ NEW YORK, April 23- U.S. and British authorities fined Deutsche Bank $2.5 billion, accused Germany's largest lender of obstructing regulators and ordered it to fire seven employees in the eighth global settlement of alleged benchmark interest rate rigging. U.S. regulators fined Deutsche Bank $2.12 billion and UK watchdogs imposed a $340 million...

  • Funding Circle CEO: This is our top challenge   Thursday, 23 Apr 2015 | 11:40 AM ET
    Funding Circle CEO: This is our top challenge

    Samir Desai, CEO of Funding Circle, says his company's current challenge is raising brand awareness.

  • CALGARY, April 23- Canadian Imperial Bank of Commerce is in talks with several U.S. companies on a potential $2 billion wealth-management and private-banking acquisition, its top executive said in an interview. But Chief Executive Victor Dodig said CIBC, which has been eyeing the U.S. wealth management space for a while, must be patient as such companies don't...

  • COMPANIES ON A POTENTIAL $2 BLN WEALTH-MANAGEMENT AND PRIVATE-BANKING ACQUISITION.

  • Deutsche Bank to pay $2.5B for interest rate violations Thursday, 23 Apr 2015 | 8:14 AM ET

    ALBANY, New York— Deutsche Bank has agreed to pay $2.5 billion in a settlement with U.S. and British authorities over the manipulation of benchmark interest rates used globally for its own financial gain. Deutsche Bank has fired "numerous" employees who were involved and is installing an independent monitor at its New York branch, according to New York's...

  • German banks lead in foreign loans to Greeks - BIS data Thursday, 23 Apr 2015 | 10:22 AM ET

    ZURICH, April 23- German banks have the most cross-border lending exposure to borrowers in Greece, followed by U.S. and British lenders, data from the end of last year show. Of the nearly $46.8 billion owed abroad by borrowers in Greece, German banks accounted for $13.3 billion, U.S. banks $12.7 billion and British banks $12.2 billion, data compiled by the Bank for...

  • BofA questions judge's impartiality in fraud appeal Thursday, 23 Apr 2015 | 9:39 AM ET

    Bank of America asked a court to toss a penalty imposed in a mortgage fraud case, and asked that the judge who oversaw its trial be replaced.

  • LONDON/ NEW YORK, April 23- U.S. and British regulators fined Deutsche Bank $2.5 billion and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate benchmarks. Britain's Financial Conduct Authority said the misconduct involved at least 29 Deutsche Bank...

  • WASHINGTON, April 23- Deutsche Bank will pay U.S. and British authorities $2.5 billion and its London subsidiary will plead guilty to wire fraud for manipulation of benchmark interest rates, U.S. authorities said on Thursday. As part of the deal, Germany's largest bank also entered into a deferred prosecution agreement with the U.S. Justice Department and...

  • WASHINGTON, April 23- Deutsche Bank will pay U.S. and British authorities $2.5 billion for interest rate manipulation, New York regulators said on Thursday.

  • FRANKFURT, April 23- Deutsche Bank faced a multi-billion-dollar fine on Thursday as British and U.S. officials prepared to announce a legal settlement over alleged attempts at its London- based subsidiary to manipulate interest rate benchmarks. Deutsche Bank is likely to pay more than $2 billion to U.S. and British authorities over the attempted...

  • SEB's Q1 shows good diversification: CFO   Thursday, 23 Apr 2015 | 4:50 AM ET
    SEB's Q1 shows good diversification: CFO

    Swedish lender, SEB, has reported an 18% rise in Q1 operating profit. CFO Jan Erik Back says there's been "swings and roundabouts."

  • SHANGHAI, April 23- The Agricultural Development Bank of China, one of China's three major state-owned policy banks, will receive a capital injection from the Ministry of Finance, a senior Bank official told Reuters today. On April 12th, the State Council released three statements exhorting the nation's three major policy banks to focus more on their...

  • Deutsche could pay $2B over Libor-rigging: Source Thursday, 23 Apr 2015 | 4:42 AM ET
    Deutsche Bank signage in Vienna, Austria.

    Deutsche Bank is likely to pay more than $2 billion to U.S. and U.K. authorities over the manipulation of benchmark interest rates, a source said.

  • Why asset managers are worrying the Fed Thursday, 23 Apr 2015 | 2:36 AM ET
    The Federal Reserve Building in Washington, D.C.

    Sections of the U.S. financial system that may be vulnerable to investor panic are raising concerns inside the Federal Reserve.

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