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  • How this UK challenger bank wants to win Thursday, 2 Jul 2015 | 3:45 AM ET
    How this UK challenger bank wants to win

    Andy Copsey, chief operating officer of Handelsbanken UK, discusses how the bank is challenging the major players.

  • Europe banks at risk from Greek contagion? Thursday, 2 Jul 2015 | 2:30 AM ET
    Europe banks at risk from Greek contagion?

    Filippo Alloatti, senior credit analyst at Hermes Fund Managers, discusses the outlook for European banks.

  • SHANGHAI, July 2- The Chinese government has taken a series of steps since the weekend to head off a crash in its stock markets, which have plunged more than 20 percent since a peak on June 12, hit by tight liquidity conditions ahead of the quarter-end and uncertainty over the central bank's easing policy. On the weekend, China's central bank cuts guidance lending...

  • SHANGHAI, July 2- China's yuan weakened against the dollar on Thursday on strong corporate dollar demand and after the central bank set the official guidance rate at a three-week low, traders said. The People's Bank of China set the midpoint rate at 6.1171 per dollar prior to market open, the lowest level since June 10, or 0.04 percent weaker than the previous fix at...

  • DIARY- Top Economic Events to July 15 Thursday, 2 Jul 2015 | 12:00 AM ET

    LONDON- Bank of England's Andrew Gracie speaks at financial services cyber security conference- 0805 GMT. MILAN, Italy- European Central Bank President Mario Draghi to give opening remarks at T2S launch celebration- 1510 GMT. MILAN, Italy- European Central Bank Executive Board member Yves Mersch to give closing remarks at T2S launch celebration- 1700 GMT.

  • State banks Banco do Brasil SA and Caixa Econômica Federal, as well as private-sector lenders Itaú Unibanco Holding SA, Banco Santander Brasil SA and Banco Bradesco SA waived immediate repayment to allow Sete to continue with a reorganization program, said the sources, who requested anonymity due to legal restrictions on discussing the issue publicly.

  • Fed, industry at odds over bond market liquidity Wednesday, 1 Jul 2015 | 4:32 PM ET

    WASHINGTON, July 1- The Federal Reserve and major banks are at odds over whether conditions in the U.S. bond market are deteriorating or merely in a temporary state of flux as investors adapt to new rules, with policymakers and lenders disagreeing over even basic metrics to assess the problem. Over the last week a majority of the Fed's five governors have spoken...

  • FRANKFURT, July 1- Euro zone central bank chiefs kept their existing cap on a funding lifeline to Greece in place on Wednesday, the ECB said, a move that keeps pressure on Greece as its lenders run out of cash. As the central bankers gathered in Frankfurt, a defiant Prime Minister Alexis Tsipras urged Greeks to reject an international bailout deal, wrecking any...

  • Pension pinch: Elderly Greeks stand on line to get cash Wednesday, 1 Jul 2015 | 12:36 PM ET

    ATHENS, Greece— Don't mention the golden years to Michaelis Kotaras. Not after the 78- year-old got up early Wednesday to stand in line, twice, outside the National Bank of Greece for the privilege of going inside to withdraw 120 euros less than a quarter of his monthly pension. He emerged with the cash, but without any certainty about when he will be able to access the...

  • Financial plays for the second half Wednesday, 1 Jul 2015 | 8:33 AM ET
    Financial plays for the second half

    CNBC's Kayla Tausche takes a look at what's likely to impact bank stocks in the second half of the year.

  • The Latest: Moody's downgrades Greece to Caa3 Wednesday, 1 Jul 2015 | 3:39 AM ET

    ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • *No move in Bank Rate from 0.5 pct expected on July 9. LONDON, July 1- The Bank of England will hike its benchmark interest rate from a record low of 0.5 percent early next year, according to a Reuters poll of economists who also said wages will rise faster in 2015 than the central bank thinks. Under these circumstances, it will take some very weak numbers to get us back to...

  • Greek banks: Why the money’s running out Wednesday, 1 Jul 2015 | 8:17 AM ET
    People wait in line to withdraw 60 euros from an ATM after Greece closed its banks on June 29, 2015 in Athens, Greece.

    The ECB is expected to meet on Wednesday to make a call on its ELA funding to Greek banks, raising fears they could run out of cash.

  • *Declines comment on investment opportunities in Greece. DUBLIN, July 1- The European Union should be able to contain the fallout if Greece were to leave the euro zone following a weekend referendum on a bailout program, the head of private equity fund Blackstone said on Wednesday. Greece has appealed to its euro zone partners and the European Central Bank to keep...

  • MOSCOW, July 1- Russian state lender Sberbank intends to begin bankruptcy proceedings against three subsidiaries of indebted miner Mechel, a bank official said on Wednesday. After months of discussions with lenders and government officials to restructure its $6.6 billion net debt, Mechel has reached agreements with all of its creditors except Sberbank,...

  • BEIJING, July 1- China's central bank said it extended 157.6 billion yuan worth of pledged supplementary lending in June to its biggest development bank, China Development Bank, to increase funding for the refurbishment of shanty towns.

  • Why it's getting tougher for the banking sector Wednesday, 1 Jul 2015 | 4:40 AM ET
    Why it's getting tougher for the banking sector

    Ed Firth, head of European banks at Macquarie Group, talks about the banking sector and the new chief executives of Credit Suisse and Deutsche Bank.

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money. In Germany, Greece's biggest creditor, a senior lawmaker in...

  • NEW YORK, July 1- In September 2008, JPMorgan Chase& Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction. "It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset...

  • World Bank urges China to embrace basic financial reforms Wednesday, 1 Jul 2015 | 12:23 AM ET

    BEIJING— China needs fundamental reform of its state-dominated financial system to keep economic growth on track, the World Bank said Wednesday. "China has reached a critical phase of its economic and social development path," the World Bank said. The bank said it expects China's economic growth to decelerate this year to 7.1 percent from last year's two-decade...

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