A N.J. bank will pay $261,500 to settle claims that female workers were denied the family health insurance coverage that male employees got.» Read More
Russian companies are moving cash holdings to Asian banks as sanctions have raised fears that Russia could be shut out of US dollar funding markets.
DBS Group Holdings said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans.
Lee Wai Fai, Group CFO at United Overseas Bank (UOB), describes the factors weighing on the bank's slowing mortgage growth.
SINGAPORE, Aug 1- DBS Group Holdings, Singapore's biggest bank, on Friday said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans. The result meant Southeast Asia's biggest lender, which earns most of its profit from Singapore and Hong Kong, achieved a record first-half net profit of S $2.2 billion.
WASHINGTON, July 31- Consumers who opt in for bank overdraft protection end up paying more than double for small purchases, a U.S. consumer watchdog warned on Thursday, giving banks a fee bonanza when checking accounts are short of funds.
*Sberbank says has resources to continue successful work. Russia's largest lender Sberbank as well as the country's second and third largest banks, VTB and Gazprombank, criticised the EU sanctions but largely dismissed the measures that cut them off from raising funding on the bloc's capital markets.
NEW YORK, July 31- U.S. stocks tumbled on Thursday, with the S&P 500 posting its worst daily decline since April and first monthly drop since January as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some expect.
Holders of dollar-denominated bonds at Bulgaria's Corpbank are gearing up for legal action against the government if the bond defaults.
MOSCOW, July 31- VTB, Russia's second-largest bank by assets, and Gazprombank said they would continue to honour investor and shareholder obligations despite sanctions from Brussels that ban them from raising funds on EU capital markets.
The Economist Correspondent Haley Cohen provides insight to Argentina's second debt default in 13 years.
TORONTO, July 31- Canadian Imperial Bank of Commerce has named wealth management head Victor Dodig as its next president and chief executive, replacing Gerry McCaughey who will retire in September.
*Default risks turning Bulgaria into " Argentina of Europe": source. BUCHAREST, July 31- Holders of dollar-denominated bonds at Bulgaria's Corporate Commercial Bank are gearing up for legal action against the government if the bond defaults and the bank is tipped into insolvency, two sources told Reuters on Thursday.
BONDHOLDERS MAY SUE BULGARIAN GOVERNMENT OVER POSSIBLE DEFAULT AT CORPORATE COMMERCIAL BANK- SOURCES.
The head of CFTC pledged he would be a tough cop now that the agency has finished a raft of rules to oversee the $710 trillion global swaps market.
Banking giant HSBC was accused of racism this week after it moved to close the accounts of several Muslim organizations across the UK.
CNBC takes a quick look at dark pool trading platforms and why they have come under investigation.
LONDON, July 31- Gold fell to a six-week low on Thursday and was set for its second monthly drop since May as the dollar rose on optimism over the U.S. economy, which offset a message from the Federal Reserve that it is in no rush to raise interest rates.
An outflow of deposits would reverse a five-year trend of large amounts of cash pouring into banks thanks to the Fed, the FT reports.
NAIROBI, July 31- KCB Bank, Kenya's largest lender by assets, plans to raise funds from international debt markets for lending to the real estate sector, its CEO said after announcing a 16 percent jump in first-half profit.
Shares in troubled Portuguese lender Banco Espirito Santo slumped 50 percent on Thursday, after trading in the stock resumed following poor results.
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