Discussing the integration of Apple Pay, the future of big banks, and data security, with Jim Breyer, Accel Partners, at Forbes' Under 30 Summit.» Read More
WELLINGTON, July 24- New Zealand's central bank raised interest rates to the highest level in more than 5 years on Thursday but said it would now take a breather as it looked at the impact of its tightening and watched inflation in the economy.
Settlement talks between Argentina and bondholders not part of the nation's past debt restructuring were pushed back one day, the mediator said.
PANAMA CITY, July 18- Panamanian banking supervisors said on Friday they had taken control of ES Bank SA, a small unit of Espirito Santo Financial Group.
*Says Deutsche Bank made no progress fixing problems. FRANKFURT, July 23- The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, people close to the matter told Reuters.
For banks working on their post-financial crisis image, catering to poor clients may lead to good will from regulators, the NYT reports.
LONDON, July 23- Bank of England officials discussed in July whether there was a case for an early rate rise to cool Britain's economy, but were held back in part by strikingly low wage growth and signs of weakness abroad.
JPMorgan Chase is close to a deal to sell half its private equity business, the Wall Street Journal reported, citing people familiar with the matter.
Regulators are expected to vote to end the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.
*Deutsche Bank to come under closer Fed scrutiny from 2016. FRANKFURT, July 23- The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told Reuters.
David Enrich, European banking editor at the Wall Street Journal, says the data Deutsche Bank's U.S. unit presents to regulators is "completely screwed up".
The U.S. unit of German lender Deutsche Bank suffers from ongoing financial reporting problems, according to a report in the Wall Street Journal.
Standard Chartered has called a halt to its grand expansion as it seeks to conserve capital amid the worst drop in profits for more than 12 years.
Factors like government intervention may have prevented default events from happening in China thus far but the risk of a credit default remains, says Donna Kwok, Senior China Economist at UBS.
The Federal Reserve Bank of New York has criticized Deutsche Bank of several reporting issues. CNBC's Mary Thompson reports the details.
Hackers are using a phishing attack named "Emmental" to bypass banks' two-factor authentication systems. NYT reports.
*Godwin Emefiele delivers first MPC decision as governor. ABUJA, July 22- Nigeria's new central bank governor said on Tuesday he favored a gradual reduction in interest rates over the next five years, but inflation risk meant there was no room to ease policy immediately.
*No significant likelihood of another bank deal- CEO John Thain. July 22- U.S. small-business lender CIT Group Inc said it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable source of funding.
*Governor writes letter to parliament. SOFIA, July 22- Bulgaria's Central Bank Governor Ivan Iskrov told parliament on Tuesday he was ready to step down if it can agree on a successor first.
July 22- U.S. small-business lender CIT Group Inc said it would buy regional lender OneWest Bank NA for $3.4 billion in cash and stock, its second deal in two months to boost its middle-market lending operations.
CIT Group is buying regional bank OneWest Bank in a $3.4 billion cash-and-stock deal.