The SEC said it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis.» Read More
ACCRA, June 11- Ghana's central bank is funding the country's budget deficit, but the amount does not exceed the limit of 10 percent of revenue collected and any excess will be redressed by the end of 2014, governor Henry Kofi Wampah told Reuters.
BRUSSELS, June 11- The European Union's second highest court said on Wednesday it had annulled an EU asset freeze on Syria International Islamic Bank, dealing another blow to EU sanctions following legal victories last year by several Iranian companies.
Austria’s finance minister admitted he could not understand the reasoning behind Standard and Poor's' warning about the country’s banks.
Many criminal groups hide in plain sight in cities like New York, London or Moscow, masquerading behind their investments in real estate or business, and relying on the financial system to move money around the world, David Cohen, the U.S. undersecretary for terrorism and financial intelligence, said in a speech.
*Yen advances on few signs of Bank of Japan easing. NEW YORK, June 11- The dollar slipped broadly on Wednesday for the first time in four sessions after traders dismissed expectations of an early Federal Reserve rate hike as premature, while the yen advanced on few signs of further easing from the Bank of Japan.
Stocks are calm, but investors need to be vigilant against complacency because it can lead to upheaval in the market, Goldman Sachs CEO tells CNBC.
*Yannis Stournaras to be Greece's new central bank chief. ATHENS, June 11- Former Greek finance minister Yannis Stournaras, who spearheaded Greece's return to economic stability after it nearly crashed out of the euro zone, is to become the next Bank of Greece governor, the central bank said on Wednesday.
KABUL, June 11- The most pressing challenge awaiting Afghanistan's new leader may not be the worsening violence, fractured U.S. relationship or declining aid, but an international blacklist hanging over the country's banks.
The bank made its final multibillion-dollar settlement offer, but it was said to be short of what the Justice Department wants it to pay.
It is "not normal" that both sides of the Atlantic do not have the same set of rules, says Jean-Claude Trichet, former ECB president, commenting on the BNP Paribas fine.
BEIJING, June 11- China's central bank said on Wednesday it will keep monetary policy steady in 2014, even as the finance ministry said fiscal spending had surged nearly 25 percent in May from a year earlier, highlighting government efforts to energize the slowing economy.
Federal Reserve advanced in the Senate on Tuesday, along with two other nominees to the U.S. central bank, setting the table for their expected confirmation later this week.
*Market starting to focus on rate-hike timing. NEW YORK, June 10- U.S. benchmark 10- year yields scaled one-month peaks on Tuesday, as investors have started to price in the prospect of higher interest rates following recent upbeat U.S. economic data and hawkish comments from Federal Reserve officials.
WASHINGTON, June 10- The U.S. Senate will hold procedural votes on Tuesday on three Federal Reserve nominees, including Stanley Fischer to be vice chairman, with an aim to hold final votes later in the week.
*Greek yields drop, Cyprus plans comeback. LONDON, June 10- Euro zone overnight bank-to-bank interest rates traded at record lows on Tuesday and short-term bonds outperformed longer-dated paper in a sign that the European Central Bank's efforts to keep money markets anchored may bear fruit.
NEW YORK, June 10- U.S. benchmark 10- year yields rose to a one-month high on Tuesday, as investors have started to price in the prospect of higher interest rates following recent upbeat U.S. economic data and hawkish comments from Federal Reserve officials.
NEW YORK, June 10- The dollar extended gains against the euro on Tuesday after expectations that the Federal Reserve could raise U.S. interest rates sooner than previously expected, but fell against the yen on safe-haven demand for the Japanese currency.
This bank's "sins" are 6 to 8 years old and the good things are all coming, value investor Bill Smead tells CNBC.
Steven Lewis, global banking and capital markets lead analyst at EY, comments on banking in emerging markets and says there is "huge opportunity for growth", as well as challenges.
PARIS, June 10- Retail clients of BNP Paribas are keeping faith in France's biggest listed bank despite reports about a looming multi-billion fine from U.S. regulators, the head of French retail banking Marie-Claire Capobianco told BFM Business TV on Tuesday.
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