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  • LONDON, Nov 25- Scott Wotherspoon runs a small tiling firm in Scotland. The 43- year-old borrowed about $4 million from Royal Bank of Scotland. He thinks he is due compensation for mis-selling, like thousands of other businesses that Britain's financial watchdog has ruled are eligible.

  • Santander names Jose Antonio Alvarez as new CEO Tuesday, 25 Nov 2014 | 4:35 AM ET
    Bank of Santander Headquarters

    Spain's Santander said it had named former CFO Jose Antonio Alvarez as chief executive officer to replace Javier Marin.

  • NEW DELHI, Nov 25- India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates. The sources said Finance Minister Arun Jaitley would argue forcefully for Reserve Bank of India...

  • MOSCOW, Nov 25- Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands. His spokesman later said Putin was referring to the fact that the banks' branches had closed in Crimea since...

  • ING to cut 1,700 jobs, take $400 million charge Tuesday, 25 Nov 2014 | 3:31 AM ET

    AMSTERDAM— ING Group NV, the Dutch bank, says it will cut 1,700 jobs, or 2.7 percent of its workforce, to cut costs. ING said the cuts are part of a move to expand its digital banking operations and jobs will be lost "at the headquarters of ING Retail Banking and in the back offices, call centers and IT departments." Earlier this month, ING paid back the last of a 10 billion euro...

  • *Oct. 31 easing aimed at eradicating deflation mindset-Kuroda. NAGOYA/ TOKYO, Japan, Nov 25- Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank's readiness to expand stimulus further to meet its price goal, a message that was partially echoed by an European Central Bank policymaker as the euro zone economy battles to lift off.

  • BOJ Gov. Kuroda tells firms to up wages, spending Tuesday, 25 Nov 2014 | 1:51 AM ET

    TOKYO— Japan's central bank governor is urging companies to raise wages and investment to aid the country's efforts to overcome deflation. Haruhiko Kuroda told a group of businessmen in central Japan on Tuesday that the central bank was committed to achieving a target of 2 percent inflation and that he expects companies to make their decisions based on that...

  • Asian central banks seen eying rate cuts Sunday, 23 Nov 2014 | 9:51 PM ET

    Easing measures in China and Japan have raised expectations that other Asian central banks will follow suit with growth-boosting interest rate cuts.

  • SAN FRANCISCO, Nov 24- A rule that some U.S. lawmakers want the Federal Reserve to follow when setting monetary policy is now giving conflicting signals on where interest rates should be, a San Francisco Fed study published on Monday showed. The so-called Taylor rule, named after its author Stanford University professor John Taylor, delivers an estimate for the...

  • *China ready to ease further after rate cut- sources. *Oil steady before OPEC meeting. European Central Bank President Mario Draghi also looked to be clearing the way for full-scale government bond buying that investors hoped for, but he was opposed by Germany's Bundesbank.

  • LONDON, Nov 24- If the world's biggest central banks were actually coordinating a global monetary policy, they could scarcely do a better job of convincing financial markets right now. Three weeks on, European Central Bank chief Mario Draghi insists his bank will move "as fast as possible" to raise euro zone inflation using all means available- something...

  • MADRID, Nov 24- The head of Germany's Bundesbank cautioned the European Central Bank on Monday about the legal hurdles it would face in embarking on money printing to buy government bonds, underlining its opposition to such a move. The remarks from Jens Weidmann, who also sits on the ECB's Governing Council, raise a further question mark over ECB President Mario...

  • *Oil regains some lost ground ahead of OPEC meeting. NEW YORK, Nov 24- U.S. stocks opened higher on Monday, extending a global equity rally in Asia and Europe fueled by merger activity and signals that central banks were willing to step further into the economic breach to support growth and inflation. European Central Bank President Mario Draghi also looked to be...

  • Bank customer left trapped for hours after glitch Monday, 24 Nov 2014 | 7:41 AM ET

    A technical glitch at a U.K. bank left a man trapped on Sunday morning, after he had tried to withdraw cash from an ATM.

  • MOSCOW, Nov 24- Russia's economy minister said on Monday that the government was in talks over granting state-controlled bank Gazprombank up to 100 billion roubles in state aid from the National Wealth Fund to boost its capital. Gazprombank, Russia's third-largest bank, has been sanctioned by the European Union and United States over Russia's role in the...

  • RUSSIAN C.BANK OFFICIAL SAYS EXPECTS BANKS' LOAN PORTFOLIO TO GROW BY 12-15 PCT NEXT YEAR, BANKING SECTOR PROFITS OF AROUND 1 TRLN ROUBLES.

  • *Sources say China ready to ease further after rate cut. LONDON, Nov 24- World stock markets ground their way higher on Monday after a frenetic round of activity at central banks in Asia and Europe showed they are willing to do more to support economic growth and higher inflation. European Central Bank chief Mario Draghi also looked to be clearing the way for the...

  • RUSSIAN BANKS TO MAKE 10 PCT LESS IN 2014 PROFITS THAN IN 2013- DEPUTY CENTRAL BANK HEAD.

  • SHANGHAI, Nov 24- The Shanghai Composite Index extended gains to a three-year high on Monday after the central bank unexpectedly cut interest rates on Friday to help support the economy. The index was up 1.3 percent to 2,518.0 points as of 0210 GMT, its highest level November 2011. CSI300 of the largest companies listed in Shanghai and Shenzhen was up 1.8 percent.

  • Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC, says mainland banks have "very profitable lending operations" that will insulate them from the impact of a rate cut.

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