Argentina's President Cristina Fernandez on Wednesday accepted the resignation of the central bank governor, a spokesman for the presidency said.» Read More
July 30- Banks are likely to take up three-quarters of the 400 billion euros of cheap loans on offer from the European Central Bank in coming months, a Reuters poll found, although few expect an ensuing surge in bank lending to companies any time soon. We are less convinced, "wrote Paul Mortimer-Lee, global head of market economics at BNP Paribas.
*Mobile money faces obstacles to growth outside Kenya,. DAKAR, July 30- IT technician Mansour Diagne is one of the lucky few in Senegal to have a bank account, but when he needs to pay some bills or transfer cash to his sisters on the other side of the crowded capital Dakar, he reaches for his mobile phone.
ARGENTINE BANKS TO OFFER TO BUY DEBT OWNED BY HOLDOUT INVESTORS SUING COUNTRY IN BID TO AVERT DEFAULT- BANKING EXECUTIVE.
LONDON, July 30- Britain's Serious Fraud Office is examining material that might trigger a criminal investigation into former and current staff at Lloyds Banking Group, the partly state-owned bank, sources said on Wednesday. The SFO simply said it worked closely with UK and overseas agencies.
The Espirito Santo dynasty totters amid a financial scandal that's threatened to re-ignite Europe's financial crisis. Global Post reports.
*VTB says ready to borrow in other currencies, markets. MOSCOW, July 30- VTB, Russia's second-largest bank by assets, said it is ready to borrow in other currencies and markets after sanctions imposed by the United States thwarted its ability to access dollar financing, a move it called "politically motivated" and "unjust".
July 30- Mortgage servicers in the United States are evolving into the next big lenders, sidestepping regulatory scrutiny to win business in a gap left by the retreat of big banks from the home-loan market.
MOSCOW, July 30- The Russian Central Bank said on Wednesday it was ready to provide banks hit by Western sanctions with liquidity through existing instruments if they face additional risks.
*European shares slip as Total hurt by Russia. LONDON, July 30- The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were near record lows ahead of inflation data expected to boost the case for further policy easing by the European Central Bank.
RUSSIA'S CENTRAL BANK SAYS BANKS HIT BY WESTERN SANCTIONS CAN COPE WITH ANY PROBLEMS, HAVE SUFFICIENT CAPITAL.
RUSSIA'S CENTRAL BANK SAYS WILL PROVIDE BANKS WITH LIQUIDITY THROUGH EXISTING INSTRUMENTS IF ADDITIONAL RISKS EMERGE DUE TO WESTERN SANCTIONS.
FRANKFURT, July 30- Euro zone banks have loosened their lending terms for businesses for the first time since the start of the financial crisis, the European Central Bank said on Wednesday, reducing one of the chief obstacles to an economic rebound.
MOSCOW, July 30- Russia's second-largest bank, VTB, said on Wednesday it was ready to borrow on financial markets outside the European Union and United States after it was included in new Western sanctions over the Ukraine crisis.
LONDON, July 30- Bankers who break rules on their conduct may have to hand back bonuses up to seven years after being awarded them, the Bank of England said on Wednesday as it unveiled some of the world's toughest curbs on the sector.
MOSCOW, July 30- VTB, Russia's second-largest bank by assets, called sanctions imposed by the United States "politically motivated" and "unjust" on Wednesday but said it was confident it could raise capital if needed.
U.K. authorities have announced plans to hit misbehaving bankers in the pocket, and could potentially demand the repayment of seven-year-old bonuses.
LONDON, July 30- The euro fell below $1.34 on Wednesday for the first time since last November before German inflation data that was likely to add to the case for the European Central Bank pumping more money into a moribund economy.
MOSCOW, July 30- Shares in Russia's second-largest bank VTB slid over 3 percent at the start of trading on Wednesday, but the broader stock market rose as investors had priced in the impact of a new wave of Western sanctions.
MOSCOW, July 30- Russia's Central Bank said on Wednesday it was ready to support domestic banks that were hit in the latest round of Western sanctions. The United States imposed sanctions on more Russian banks on Tuesday, targeting the country's second-largest lender VTB, its subsidiary the Bank of Moscow, and the Russian Agriculture Bank.
MOSCOW, July 30- Shares in Russia's second-largest bank VTB, targeted by the latest sanctions from the United States, opened down 3 percent on Wednesday, while the broad stock market and the rouble were stable.
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