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  • LONDON, Jan 23- Global banking supervisors are reviewing one of their rules that allow banks to hold little or no capital against risky sovereign debt held on their books. The so-called zero-risk weighting rule was heavily criticised during the euro zone debt crisis when several countries in the single currency area had to be bailed out as ratings on their debt...

  • Will ECB QE spur American-style growth?  Friday, 23 Jan 2015 | 4:50 AM ET

    At Davos, Christian Clausen, CEO of Nordea, discusses whether quantitative easing in Europe will feed into the real economy.

  • SHANGHAI, Jan 23- China's yuan posted its biggest single-day loss since Dec. 8 on Friday after the central bank set a weaker midpoint in response to the fresh round of quantitative easing announced by the European Central Bank announced a day earlier. The People's Bank of China set the midpoint rate at 6.1342 per dollar prior to market open, weaker than the...

  • ATHENS, Jan 23- The European Central Bank has written to Greece's top four banks, warning them to pay close attention to liquidity management ahead of Sunday's election, following increased deposit outflows in recent weeks, Kathimerini said on Friday. The leftwing Syriza party, which has built up its opinion poll lead in the run-up to Sunday's election, has...

  • Herman Gref, CEO of Sberbank, says the low oil price has created a "dramatic" situation for Russian banks and some will go bust.

  • OTTAWA, Jan 23- Bank of Canada Governor Stephen Poloz's shock rate cut on Wednesday sent a clear message to financial markets: Don't expect me to hold your hand. Trading floors reacted by selling the Canadian dollar and uttering more than the usual number of expletives, but the move drove home that the central bank has changed its views about a monetary policy tool...

  • *China factory activity contracts for 2nd month. BEIJING/ SEOUL, Jan 23- Chinese factories were forced to cut prices for the sixth straight month in January to sell their products, while economic growth in South Korea slowed sharply, raising the prospect of more policy easing from major central banks in Asia. The weak manufacturing reading from China added to...

  • SHANGHAI, Jan 23- China's yuan weakened on Friday after the central bank fixed its midpoint 0.2 percent weaker, the biggest single-day weakening in 10 months, in response to the fresh round of quantitative easing announced by the European Central Bank overnight. The People's Bank of China set the midpoint rate at 6.1342 per dollar prior to market open, weaker...

  • *China manufacturing PMI next in focus. SYDNEY, Jan 23- The euro wallowed at 11- year lows early on Friday after suffering a massive decline as the European Central Bank launched a stimulus program that would pump hundreds of billions in new money into a sagging euro zone economy. The common currency tumbled to $1.1316 as the market took in news that the ECB would...

  • WASHINGTON, Jan 22- Federal Reserve policymakers, already struggling to assure investors that they remain on track for a mid-year interest rate rise, will find the task has just become harder with their peers in Europe and elsewhere headed in the opposite direction. The European Central Bank's decision on Thursday to pump 60 billion euros a month into the...

  • RBC's strategic move into the US  Thursday, 22 Jan 2015 | 4:12 PM ET

    Following the recent purchase of City National Bank, RBC president and CEO David McKay, discusses potential for the Canadian bank in the U.S.

  • ST. CATHARINES, Ontario, Jan 22- Canadian Prime Minister Stephen Harper voiced complete confidence in the Bank of Canada on Thursday, a day after it stunned markets by cutting interest rates amid a plunge in oil prices. Harper said the economy did not need stimulus measures and noted the Bank of Canada was still predicting some growth this year.

  • ST. CATHARINES, Ontario, Jan 22- Canadian Prime Minister Stephen Harper voiced complete confidence in the Bank of Canada on Thursday and said its surprise interest rate cut this week was appropriate. The Bank of Canada stunned markets by cutting interest rates on Wednesday, citing a threat to economic growth and its inflation targets from the oil price plunge...

  • FRANKFURT, Jan 22- The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying programme which will pump hundreds of billions in new money into a sagging euro zone economy. The ECB said it would purchase sovereign debt from this March until the end of September 2016, despite opposition from Germany's Bundesbank and...

  • Big banks miss; Opportunity coming?  Thursday, 22 Jan 2015 | 12:10 PM ET

    Former Barclays CEO Bob Diamond sees an opportunity in bank stocks. The FMHR traders share their view of trading financial stocks.

  • India: Will Mr Modi deliver?  Thursday, 22 Jan 2015 | 11:50 AM ET

    At Davos, Chanda Kochhar, CEO of ICICI, says she believes Indian Prime Minister Narendra Modi will deliver in his reforms; with all the policies suggested seeming "growth- and business-friendly."

  • European stock markets cheer ECB QE Thursday, 22 Jan 2015 | 11:44 AM ET

    PARIS, Jan 22- European stocks rallied on Thursday, with a regional index ending at its highest closing level in seven years, after the European Central Bank unveiled a bond-buying scheme in a bid to revive the region's economy and stave off deflation. ECB President Mario Draghi said the central bank would embark on a quantitative easing programme which,...

  • Goldman Sachs finds ways to stretch Volcker Rule Thursday, 22 Jan 2015 | 10:43 AM ET

    Goldman has come up with new ways to put its money to work in formats that appear to stay on the right side of Volcker, The New York Times reports.

  • COPENHAGEN, Jan 22- The Danish central bank cut its key policy rate on Thursday for the second time this week to defend the crown's peg to the euro after the European Central Bank unveiled a stimulus package that weakened the single currency. Thursday's decision followed the announcement of a 60 billion euro a month bond-buying programme by the ECB to help...

  • European shares hit seven-year highs as ECB unveils QE Thursday, 22 Jan 2015 | 10:10 AM ET

    PARIS, Jan 22- European stocks hit seven-year highs on Thursday after the European Central Bank unveiled a bond-buying scheme in a bid to revive the region's economy and stave off deflation. ECB President Mario Draghi said the central bank would embark on a quantitative easing program which, together with existing schemes, will pump 60 billion euros a month...

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