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  • FOREX-Dollar recovers ahead of Fed; rouble off lows Wednesday, 17 Dec 2014 | 10:58 AM ET

    NEW YORK, Dec 17- The U.S. dollar rebounded against major currencies on Wednesday on expectations that the Federal Reserve would signal rate hikes were on track, while the rouble recovered as buyers stepped in to pick up the Russian currency at cheaper levels. "The market is preparing itself for a change in the Fed language," said currency strategist Mark McCormick...

  • OnDeck CEO: Pioneering small biz lending  Wednesday, 17 Dec 2014 | 10:21 AM ET

    Noah Breslow, OnDeck CEO, discusses the company's IPO and plans to address the disruption in banking and revolutionize lending to small businesses.

  • Why 2015’s big winner will be the US dollar Wednesday, 17 Dec 2014 | 9:51 AM ET

    The combination of a stronger dollar and sliding oil price is causing mayhem, Financial Times reports.

  • Dec 17- U.S. stocks are expected to climb in 2015 as concerns about the prospect of a Federal Reserve interest-rate hike are being offset by hopes for strong consumer spending as oil prices fall, according to a Reuters poll. That would represent a near 12 percent rise for 2015 from a Dec. 16 close of 1,972.74. "The market's ability to withstand higher rates is the big...

  • RUSSIA CENTRAL BANK SAYS GIVES BANKS RIGHT TO NOT CREATE LOAN-LOSS PROVISIONS IF THE CHANGES IN THEIR FINANCIAL CONDITION ARE CAUSED BY SANCTIONS.

  • RUSSIA CENTRAL BANK SAYS TOGETHER WITH GOVT IS PREPARING MEASURES TO PROVIDE BANKS WITH ADDITIONAL CAPITAL IN 2015.

  • *Lenders lift markets in Qatar, Abu Dhabi. DUBAI, Dec 17- Most Gulf stock markets regained strength on Wednesday as oil's slide paused, with blue chip banks pushing Abu Dhabi up sharply and Saudi Arabia's bourse jumping after the kingdom's finance minister said the government would continue spending heavily. Brent crude held below $60 a barrel on Wednesday, at...

  • Currency and stock markets in Asia generally firmed on Wednesday after a two-day sell-off that saw Indonesia's rupiah drop to its weakest level since the Asian currency crisis in 1998 and Thailand's main stock index register its biggest intraday loss since October 2008. Bank Indonesia said it had sold dollars to support the rupiah on Tuesday, and traders...

  • LONDON, Dec 17- The dollar edged up on Wednesday, a day after falling amid a flight to safety as a Russian currency crisis took hold and as speculation grew that the Federal Reserve might take a more cautious tone on monetary policy. The rouble's collapse- 50 percent so far this year- slowed slightly as Russia's finance ministry said it had started selling foreign...

  • BoE holds interest rates at 0.5%  Wednesday, 17 Dec 2014 | 4:30 AM ET

    The Bank of England's latest monetary policy meeting shows that they will keep their interest rate at 0.5 percent. Adam Cole, head of currency strategy at RBC weighs in, adding that the next "stumbling block for U.K. policies" will be wage negotiations.

  • FOREX-Dollar pulls away from lows as it awaits the Fed Wednesday, 17 Dec 2014 | 4:24 AM ET

    LONDON, Dec 17- The dollar edged higher on Wednesday after falling the previous day, when a Russian currency crisis took hold and speculation grew that the Federal Reserve might take a more cautious tone on monetary policy. After skidding oil prices helped Russia's rouble to plunge as much as 25 percent on Tuesday, an uneasy calm took hold, as Russia's finance...

  • Spanish banks more resilient: Banking body  Wednesday, 17 Dec 2014 | 3:20 AM ET

    José María Roldán, president of the Spanish Banking Association, says the problem of non-performing loans for Spanish banks is a "done business" with institutions looking safer than before the financial crisis.

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • BEIJING, Dec 17- China stocks climbed higher on Wednesday as bank shares continued to surge on mainland markets, but Hong Kong's benchmark index slipped again and the price gap for dual-listed shares widened. The CSI 300 banking index was up 5.81 percent at the end of the morning, led by a 9.99 percent increase in Minsheng Bank and 8.75 percent increase for Bank of...

  • *Japanese lenders also planning to offer new services in India. MUMBAI, Dec 17- Faced with a shrinking economy and tepid loan demand at home, Japan's largest banks are looking to bolster their presence in India, enthused by Prime Minister Narendra Modi's reform agenda and improving ties between the two countries. Standard Chartered, the biggest foreign player in...

  • *Risk aversion rises on Russia's financial crisis. TOKYO, Dec 17- The dollar nursed its losses in early Asian trading on Wednesday, pulling away from lows hit overnight on skidding oil prices, Russia's financial crisis, and speculation that the Federal Reserve might take a more cautious tone on monetary policy. We also expect committee members to raise their...

  • Should we fear banks' exposure to energy?  Tuesday, 16 Dec 2014 | 5:15 PM ET

    Which big banks are most exposed to the energy industry? David Hilder, Drexel Hamilton senior equity research analyst, provides insight.

  • NEW YORK, Dec 16- The U.S. dollar slipped against major currencies on Tuesday on expectations that the Federal Reserve would take a cautious tone on monetary policy, while a slide in oil prices pushed the Russian rouble to new lows and boosted the safe-haven yen. "That the FOMC sounds dovish either in the statement or the press conference is certainly a risk to the...

  • Federal Reserve stared down a volatile global economy in October to keep its plans for an eventual interest rate hike on track, and is likely to do so again this week amid plunging oil prices and a potential currency crisis in Russia. According to the Bank for International Settlements, U.S. bank exposure to Russia has fallen from $43 billion at the start of 2013 to...

  • Prospects of Turkish rate cut fade as lira slides Tuesday, 16 Dec 2014 | 12:59 PM ET

    ISTANBUL, Dec 16- A slump in the Turkish lira driven by a sell-off on emerging markets plus investors' nerves about domestic politics have diminished expectations of interest rate cuts, putting pressure back on the central bank before elections next June. Just last week Central Bank Governor Erdem Basci said falling oil prices, now at a 5-1/ 2- year low, could help...

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