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  • FRANKFURT, Feb 4- Greece can conclude debt talks with its international lenders in a short period and believes it can count on the support of the European Central Bank, Finance Minister Yanis Varoufakis said after talks at ECB headquarters on Wednesday. After meeting ECB President Mario Draghi in Frankfurt, Varoufakis told Reuters: "The ECB is the central bank of...

  • LONDON, Feb 4- Copper prices rose to a two-week high on Wednesday after top consumer China's central bank moved to add more liquidity to the economy, raising optimism about the outlook for growth. "This will give hope to the market that there is some stimulus on the way and that China is reacting to the weaker economic data by stimulating growth," said Gayle Berry,...

  • BEIJING, Feb 4- China's central bank cut the amount of cash that banks must hold as reserves on Wednesday, the first industry-wide cut in more than 2-1/ 2 years, as it increased efforts to shore up flagging growth in the world's second-largest economy. The move, which came less than three months after China also cut interest rates for the first time in over two years,...

  • LONDON, Feb 4- Gold rose on Wednesday, after falling more than 1 percent in the previous session, as European shares dropped and China's monetary move to boost liquidity and help combat slow growth. China's central bank cut the amount of cash that banks must hold as reserves on Wednesday, the first industry-wide cut since May 2012. "Gold's rally this year has partly...

  • ZURICH, Feb 4- Swiss bank UBS is hiring former ING executive Eli Leenaars a vice-chairman of its flagship private bank, in a bid to win new clients among the ultra wealthy. "Eli has built up a substantial and worldwide network of contacts right across the industry which he is keen to leverage for UBS," UBS private bank head Juerg Zeltner wrote in a memo to staff on...

  • FRANKFURT, Feb 4- Greece can conclude discussions with its international lenders in a short space of time, Finance Minister Yanis Varoufakis said on Wednesday, adding he believed Athens could count on the support of the European Central Bank. After meeting ECB President Mario Draghi in Frankfurt, Varoufakis told Reuters: "The ECB is the central bank of Greece...

  • DIARY- Top Economic Events to Feb 17 Tuesday, 3 Feb 2015 | 7:01 PM ET

    CALIFORNIA- Andrew Gracie, Bank of England's executive director for resolution, speaks at the FIA-SIFMA asset management derivatives forum- 1200 GMT. COLUMBUS- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economy before the Ohio Bankers League annual economic summit- 1745 GMT. LONDON- Bank of England holds monetary policy...

  • Feb 3- The European Central Bank is unwilling to approve Greece's proposal to sell short-term Treasury bills worth 10 billion euros to tide over the debt-ridden country for the next three months, the Financial Times reported on Tuesday. Greece's new leftist government has made it clear it wants to end the existing arrangement with the European Union, the...

  • Apple Pay institution count rises to 60 Tuesday, 3 Feb 2015 | 2:56 PM ET
    A worker demonstrates Apple Pay inside a mobile kiosk sponsored by Visa and Wells Fargo to demonstrate the new Apple Pay mobile payment system on October 20, 2014 in San Francisco City.

    Apple Pay has added another 15 banks and credit unions to its existing spectrum of 45 institutions, bringing the count to 60.

  • WASHINGTON, Feb 3- The Federal Reserve Bank of New York plans to overhaul how it calculates the effective federal funds rate as part of a push to improve the information available on overnight bank lending. In an announcement on Monday the New York Fed said the new system would rely less on reports from brokers and more on transaction data collected from banks.

  • Big banks face $500bn "bail in" bonds bill - S&P Tuesday, 3 Feb 2015 | 11:24 AM ET

    LONDON, Feb 3- The world's 30 biggest banks will have to issue more than $500 billion in bonds to comply with proposed global rules aimed at shielding taxpayers from the risk of future banking failures, credit rating agency Standard& Poor's said on Tuesday. Leaders of the Group of 20 economies have proposed that 30 so-called globally systemic banks such as...

  • TULA, Russia, Feb 3- Russian banks' cost of financing and loan-loss provisioning jumped last year, hurting their profits and eroding their capital as their access to Western markets was restricted due to sanctions linked to the Ukraine crisis. Analysts say that the pressure on banks could increase this year, as the Russian economy is expected to contract by at...

  • MOSCOW, Feb 3- The Russian central bank is considering further relaxing regulation of the banking sector to ease burden on banks pressured by Western sanctions and an economic slowdown, a first deputy governor of the central bank said on Tuesday. Alexei Simanovsky, the first deputy governor, told journalists that the bank was considering temporarily relaxing...

  • RUSSIAN CENTRAL BANK SAYS CONSIDERS FURTHER RELAXATION OF BANKING SECTOR TO EASE BURDEN ON BANKS PRESSURED BY WESTERN SANCTIONS, ECONOMIC SLOWDOWN.

  • ATHENS, Feb 3- Three of Greece's four major banks have started to tap emergency funding from the Greek central bank as some depositors have withdrawn their money due to political uncertainty, two sources familiar with the situation told Reuters on Tuesday. Tightening liquidity conditions ahead of a Jan. 25 election prompted the Bank of Greece to ask the...

  • DUBAI, Feb 3- Cash-rich Gulf banks are becoming bigger players in the region's aviation boom, helping carriers like Emirates, Qatar Airways and Etihad Airways to fund their fleet expansion. Figures from European planemaker Airbus show that 47 percent of its aircraft deals in the Middle East in the first 11 months of last year were funded by local banks, up from 17...

  • Ally picks insider to succeed retiring CEO Tuesday, 3 Feb 2015 | 6:11 AM ET

    Ally Financial named Jeffrey Brown, the company's head of dealer financial services, as chief executive, effective immediately.

  • European banks in 'recovery mode'?  Tuesday, 3 Feb 2015 | 3:15 AM ET

    Simon Maughan, head of research at OTAS Technologies, discusses the health of the European banking sector.

  • Athens' new government dropped calls for a write-off of its foreign debt and proposed swapping debt for growth-linked bonds. Finance Minister Yanis Varoufakis, in London to reassure private investors that he was not seeking a showdown with Brussels over a new debt agreement, said the new left-wing government would spare privately held bonds from losses, a...

  • TOKYO, Feb 3- Mitsubishi UFJ Financial Group Inc, Japan's largest lender by assets, reported an 18 percent rise in nine-month profit, with aggressive overseas expansion offsetting continued weakness in domestic lending. MUFG, which acquired Bank of Ayudhya Pcl, Thailand's fifth-largest lender, in 2013, has been faring better than its Japanese rivals due to its...

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