CNBC's Michelle Caruso-Cabrera reports on Europe's check on the quality of banks in Europe.» Read More
LONDON, Aug 4- European stocks rose on Monday and bond yields fell on a banking sector rebound after Portugal prevented the collapse of one of its biggest lenders and shares in the continent's largest bank jumped in the wake of its latest earnings report.
*HSBC set to benefit from higher interest rates. LONDON, Aug 4- Europe's largest bank HSBC warned that regulators' zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12 percent drop in first-half profit.
LONDON, Aug 4- Former Bank of England chief economist Spencer Dale is leaving the central bank, just two months after being moved to a new role, to become chief economist at oil major BP, the BoE said on Monday. The BoE said that it would advertise for a replacement for Dale, who will start his new role at BP- Britain's third-biggest listed company- on Oct. 27.
*Gold stabilises after falling 1.1 pct last week. LONDON, Aug 4- Gold prices steadied on Monday after a third successive weekly decline, supported by surprisingly weak U.S. payrolls data that dampened speculation the Federal Reserve will raise interest rates soon.
LONDON, Aug 4- As Europe's big investment banks and brokerages scale back their research efforts, particularly towards small and mid-sized companies, some hedge funds and other specialist players spy an opportunity.
Otilia Dhand, vice president at Teneo Intelligence, discusses Bulgaria's KTB bank after the central bank placed it under special supervision.
Edward Hugh, independent economist, says that the Banco Espirito Santo bailout raises the question of whether a debt restructuring will be needed and who would be "carrying the can".
CNBC's Helia Ebrahimi comments on HSBC's results and says that the picture for the banking sector remains laden with legacy costs.
The upcoming European banking asset quality review will represent the sector's "last chance" to prove its credibility.
Jim Antos, Bank Analyst at Mizuho Securities Asia, says the lender's second quarter results will likely be disappointing as global recovery remains slow.
ISM- New York index July at 1345 GMT. SYDNEY, Aug 4- London copper was a tad firmer on Monday after weak U.S. employment data soothed concerns that the Federal Reserve would soon begin to draw back liquidity that has cushioned demand for metals.
France has gathered support to challenge regulators imposing penalties on banks at a G-20 meeting after $8.9 billion fine was levied on BNP Paribas.
SINGAPORE, Aug 4- Gold was well-supported above $1,290 an ounce on Monday as surprisingly weak U.S jobs data diminished fears the Federal Reserve will raise interest rates soon, and as weaker stocks prompted some safe-haven bids. *Spot gold was little changed at $1,293.06 an ounce by 0019 GMT, after gaining nearly 1 percent on Friday following the weak U.S. data.
Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis.
LISBON, Aug 3- Portugal will spend 4.9 billion euros to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
LISBON, Aug 3- Troubled Portuguese lender Banco Espirito Santo is expected to be split into "bad" and "good" banks under a multi-billion euro state rescue plan being hashed out by Lisbon and EU authorities, people familiar with the talks said on Sunday.
*No policy change expected but UK looks likely first mover. *India and Australia set to stay put. The European Central Bank, Bank of Japan, Bank of England and the central banks of India and Australia all hold meetings.
WASHINGTON- Swedish Finance Minister Anders Borg holds a press conference from the U.S.-Africa Leaders Summit in Washington- 1100 GMT. ATHENS- European Commission President Jean-Claude Juncker visits Athens and meets Greek Prime Minister Antonis Samaras- 0800 GMT. LONDON- Bank of England holds Monetary Policy Committee meeting.
Treasury is proposing a new regulation to make the financial system more transparent, says Undersecretary David Cohen.
*Food and medicine exempt from U.S., EU sanctions on Iran. LONDON/ ANKARA, Aug 1- It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions.
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