Less cash flow from oil companies could pinch loan payments to banks but more gas savings in consumers' wallets will create new business.» Read More
Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.
ARGENTINA'S JUNE 30 DEBT PAYMENT STILL HELD BY BANK OF NEW YORK MELLON IN BUENOS AIRES- CENTRAL BANK SOURCE.
House Oversight and Government Reform Committee chairman, Rep. Darrell Issa, (R- Calif.), discusses if Congress will reauthorize the Ex-Im Bank. Issa says regulating and making the Ex-Im Bank honest transparent will help promote the banks confidence.
WASHINGTON, July 29- The United States on Tuesday slapped sanctions on VTB, the Bank of Moscow, the Russian Agriculture Bank and the United Shipbuilding Corp over Moscow's support for separatists in eastern Ukraine, the Treasury Department said.
SOFIA, July 29- Bulgaria's outgoing parliament voted on Tuesday to widen the 2014 fiscal deficit target and raise 3.4 billion levs in new debt, giving the next government some of the tools needed to solve the country's banking crisis.
A JPMorgan Chase unit will pay $650,000 to resolve charges that it submitted inaccurate reports about positions held by some of its large clients.
LONDON, July 29- Gold turned lower on Tuesday as uncertainty before a Federal Reserve policy meeting and key U.S. data later this week pulled the metal back from a one-week high hit on the back of violence in the Middle East and Ukraine. Gold is highly sensitive to any changes in U.S. monetary policy.
*Bank of Cyprus raises 1 bln euros from EU, US investors. LONDON/ NICOSIA, July 29- Bank of Cyprus, which has just raised 1 billion euros from investors, plans to sell up to 1 billion euros in bonds in September, chief executive John Hourican said, a move that would mark a rehabilitation of the euro zone's first bank to recapitalise using depositors' cash.
There's been a tremendous increase in the states getting involved in areas of regulations they did not usually get involved in before, says Eric Dinallo, Debevoise & Plimpton LLP partner, discussing banking regulations.
An investor is suing Barclays over losses suffered after New York's attorney general accused the bank of lying about its electronic trading platform.
Over 2,000 years since the the Hippocratic Oath was introduced there are calls for bankers to follow suit, in an effort to prevent another crisis.
LONDON, July 29- Gold hit its highest in nearly a week on Tuesday as violence flared in the Middle East and Ukraine, but gains were capped by uncertainty ahead of a Federal Reserve policy meeting and important U.S. data later this week.
Filippo Alloatti, senior research analyst at Hermes Fund Managers, comments on Deutsche Bank's latest results and says the tone used by management is concerning.
Edmund Salvesen, banks analyst at Brewin Dolphin, says investors in European banks need to weigh up the risks of an "endless bag" of litigation costs.
*Dollar index holds near six-month peak, euro eight- month trough. SYDNEY/ SINGAPORE, July 29- The dollar held steady near a six-month peak against a basket of major currencies on Tuesday, as investors kept to the sidelines ahead of a policy review by the Federal Reserve.
*Geopolitical tensions support $1,300- an-ounce level. SINGAPORE, July 29- Gold was little changed just above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors also focusing on U.S. jobs data and a Federal Reserve policy meeting this week.
Cynthia Meng, MD of Hong Kong China Technology, Media and Telecommunications Equity Research at Jefferies, describes how the bank will benefit from tapping into microfinancing markets.
SINGAPORE, July 29- Gold was little changed above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors waiting for cues from U.S. jobs data and a Federal Reserve policy meeting this week. *Gold, seen as a safe-haven asset, has benefited from tensions between the West and Russia.
NICOSIA, July 28- Bank of Cyprus, the Cypriot lender that recapitalised by seizing its clients' deposits last year, said it had raised 1 billion euros in a private placement on Monday, drawing in investors from the United States and Russia as well as from an EU-controlled bank.
LISBON, July 28- Portugal's central bank said late on Monday that if Banco Espirito Santo posts a loss larger than its existing capital cushion of 2.1 billion euros, a capital increase will be used to guarantee adequate solvency levels.
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