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  • WASHINGTON/ FRANKFURT, July 23- After injecting trillions of dollars into the global financial system over the last six years, the world's central bankers now face a vexing question: why is so little of it showing up in workers' paychecks?

  • EU sanctions on Russian banks would hit economy, business Thursday, 24 Jul 2014 | 12:50 PM ET

    MOSCOW, July 24- Russia's state-controlled banks would have to turn to the state, domestic borrowers or new regions such as Asia if EU sanctions shut off investment, hurting their ability to lend to local businesses and further damaging the country's fragile economy.

  • Morgan Stanley to pay for misleading RMBS investors Thursday, 24 Jul 2014 | 11:37 AM ET

    The SEC said it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis.

  • WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed several hundred transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.

  • Barclays files to dismiss 'dark pool' lawsuit Thursday, 24 Jul 2014 | 11:54 AM ET

    Barclays filed a motion to throw out the New York attorney general's lawsuit that alleged the bank lied to clients over its high-speed trading venue.

  • BRUSSELS, July 24- The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.

  • WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.

  • LONDON, July 24- When Sam Molinaro took on the job of shifting unwanted assets for UBS- all 430 billion Swiss francs worth of them- his phone began to ring ceaselessly and his meetings diary filled up fast with potential buyers. "They thought,' you're going to be getting rid of these assets, this is great'," recalled Molinaro, former finance chief at U.S. bank Bear Sterns.

  • EU targets state-owned Russia banks in sanctions draft Thursday, 24 Jul 2014 | 7:15 AM ET

    *EU patience with Russia running out. BRUSSELS, July 24- The European Union would target state-owned Russian banks and their ability to finance Moscow's faltering economy in its most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday, diplomats said.

  • Ex-CEO at Portugal's troubled bank arrested Thursday, 24 Jul 2014 | 6:59 AM ET
    Espirito Santo International is the parent company of several institutions, including Banco Espirito Santo.

    The drama at Portuguese lender Banco Espirito Santo (BES) resumed on Thursday with a former CEO of the bank being held by police in Lisbon.

  • LONDON, July 24- Euro zone money market rates edged higher on Thursday and were expected to rise further in coming days, potentially driving up short-term government bond yields, after a drop in excess cash in the bloc's banking system.

  • NEW YORK, July 24- U.S. authorities' $8.9 billion settlement last month with French bank BNP Paribas for sanctions busting will pay for New York cops to get live computer feeds of street crime and for new carpets in the offices of prosecutors, among many other things. In some places- particularly New York state- that is leading to ugly wrangling over how to spend it.

  • WELLINGTON, July 24- New Zealand's central bank lifted its official cash rate by 25 basis points to 3.50 percent as expected on Thursday, but then suspended its rapid-fire run of interest rate rises to study their impact on the economy.

  • WELLINGTON, July 24- New Zealand's central bank lifted its official cash rate by 25 basis points to 3.50 percent as expected on Thursday, but then suspended its rapid-fire run of interest rate rises to study their impact on the economy.

  • 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.

  • Argentina, bondholder settlement talk rescheduled Wednesday, 23 Jul 2014 | 12:06 PM ET
    US court appointed mediator in the Argentine debt crisis Daniel Pollack leaves the US Federal Courthouse July 22, 2014 in New York. The judge urged Argentine officials and holdout bondholders to reach an agreement.

    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.

  • 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 nears sale of half its private equity biz Wednesday, 23 Jul 2014 | 6:44 AM ET
    JPMorgan & Chase Co. signage outside of the company's headquarters in New York.

    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.

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