• Stress test will show banks 'fit to survive': Pro  Friday, 24 Oct 2014 | 4:30 AM ET

    Philippe Bodereau, MD and global head of financial research at PIMCO, says stress tests on the European banking system will show the sector is "fit to survive".

  • SHANGHAI/ HONG KONG, Oct 23- Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders. China's five biggest banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp,...

  • 'We need more Europe': Nobel laureate  Friday, 24 Oct 2014 | 3:30 AM ET

    Jean Tirole, 2014 economics Nobel Prize laureate and professor at the Toulouse School of Economics, says he is a "big fan" of the EU's banking union plans, which will make the sector more competitive.

  • Russia's Sberbank to challenge sanctions in court Friday, 24 Oct 2014 | 3:08 AM ET
    A man walks past a branch of Sberbank Rossii on March 7, 2014 in Simferopol, Ukraine.

    Russia's top bank Sberbank said it had launched a legal challenge in the European Court of Justice over Western sanctions imposed on the bank.

  • Why the ECB stress tests are credible  Friday, 24 Oct 2014 | 2:30 AM ET

    Roberto Henriques, head of financials credit research at JPMorgan, discusses why the upcoming European bank stress tests are more credible than previous iterations.

  • SHANGHAI, Oct 24- China's yuan inched lower against the dollar on Friday, pushed down by corporate dollar demand and a slightly lower central bank midpoint, traders said. The People's Bank of China fixed its midpoint at 6.1467, down 0.01 percent from Thursday's fix. It has been buoyed by China's strong trade surpluses every month since May, which have increased...

  • WASHINGTON, Oct 24- After months of focus on slack in U.S. labor markets, the Federal Reserve faces a new challenge: the possibility that weak inflation may be so firmly entrenched it upends the return to normal monetary policy. The Fed is expected to take note of recent market turmoil and worsened world conditions at its Oct 28-29 meeting even as it ends the...

  • Tracking the outlook for China's banks  Thursday, 23 Oct 2014 | 11:23 PM ET

    David Marshall, Senior Analyst for Asia-Pacific Financials at CreditSights, expects Chinese lenders to see rising non-performing loans and provision charges as the slowdown affects credit quality.

  • DIARY - Top economic Events to Nov 5 Thursday, 23 Oct 2014 | 8:01 PM ET

    MILAN, Italy- ECB Executive Board member Peter Praet speaks at the International Banking Conference "Structural changes in the banking sector" organized by Bocconi University- 0820 GMT. FRANKFURT- Deutsche Bundesbank Board Member Andreas Dombret to give press conference at the Bundesbank in Frankfurt- 1200 GMT. LONDON- Bank of England Deputy Governor...

  • Speculation over whether the UBS will stay in Stamford has swirled for years as the Swiss bank reorganizes and cuts staff, the Stamford Advocate reported. The Advocate said the building was "officially on the market, further signaling the Swiss banking giant is preparing to pack its bags and leave Stamford in the near future." However Jay Hruska, vice chairman of...

  • MEXICO CITY, Oct 23- Grupo Financiero Banorte, Mexico's fourth-largest bank by assets, said on Thursday its third-quarter net profit rose 15 percent from the same period last year, mostly as a result of its increased stake in a pensions and insurance unit. This largely reflected Banorte's buyout last year of Italian insurer Assicurazioni Generali's 49 percent...

  • Fed Governor Daniel Tarullo, who oversees bank regulation, invited CEOs from a group of banks with between roughly $50 billion and roughly $150 billion of assets, the sources said this week. Under the 2010 Dodd-Frank regulatory reform law, banks that have more than $50 billion of assets must show how they would fare in stressful situations before they can...

  • FORT LAUDERDALE, Fla., Oct 23- A key witness in the federal tax evasion trial of a top Swiss bank executive took the stand on Thursday to testify against his former boss, Raoul Weil, who is accused of conspiring to conceal up to $20 billion in U.S. taxpayers' assets in secret offshore accounts. The former head of the wealth management division for the Americas at UBS,...

  • INSIGHT-Mario Draghi's German problem Thursday, 23 Oct 2014 | 11:01 AM ET

    *Berlin criticism of ECB course reaches new heights. BERLIN/ FRANKFURT/ PARIS, Oct 23- In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians. The Frenchman, one of ECB President Mario Draghi's closest allies in Frankfurt,...

  • 'Massive' switch to new credit cards ahead Thursday, 23 Oct 2014 | 10:00 AM ET

    Bank customers can expect a flurry of thick mail as credit companies rush to get chip cards into their hands ahead of the holiday season.

  • *Expectations for a "big bang" style revamp not high in Europe. *Market expects a handful of failures from Europe's stress tests. But expectations for a "big bang"- style restructuring of the banking sector are low, given the political sensitivities at play, and instead the market is factoring in just a handful of failures out of the 130 banks set to be tested, with a few...

  • Fed to toughen surcharges for biggest banks Tuesday, 9 Sep 2014 | 8:03 AM ET
    Federal Reserve System Governor Daniel Tarullo

    The Federal Reserve says its capital surcharges for the biggest banks will be tougher than globally agreed rules.

  • Morgan Stanley to pay $95M in mortgage settlement Tuesday, 9 Sep 2014 | 6:15 AM ET
    File Photo: Nighttime view of the neon financial ticker on the Morgan Stanley headquarters.

    Morgan Stanley has agreed to pay $95 million to resolve a suit accusing it of misleading investors in mortgage-backed securities.

  • *Sterling still hamstrung by risk of Scotland independence. SYDNEY/ SINGAPORE, Sept 9- The dollar scaled a 14- month high against a basket of currencies on Tuesday, after a Federal Reserve study made investors reassess prospects for higher U.S. interest rates, while sterling fell on worries that Scots may vote for independence.

  • SHANGHAI, Sept 9- China's yuan strengthened to a six-month high against the dollar on Tuesday after the central bank set a sharply stronger midpoint even amid worries that the economy is slowing.

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