A number of tricks used by China's bankers will likely undercut any attempt to measure any change in lending stemming from the PBOC's rate cut.» Read More
SINGAPORE, Aug 1- DBS Group Holdings, Singapore's biggest bank, on Friday said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans. The result meant Southeast Asia's biggest lender, which earns most of its profit from Singapore and Hong Kong, achieved a record first-half net profit of S $2.2 billion.
WASHINGTON, July 31- Consumers who opt in for bank overdraft protection end up paying more than double for small purchases, a U.S. consumer watchdog warned on Thursday, giving banks a fee bonanza when checking accounts are short of funds.
*Sberbank says has resources to continue successful work. Russia's largest lender Sberbank as well as the country's second and third largest banks, VTB and Gazprombank, criticised the EU sanctions but largely dismissed the measures that cut them off from raising funding on the bloc's capital markets.
NEW YORK, July 31- U.S. stocks tumbled on Thursday, with the S&P 500 posting its worst daily decline since April and first monthly drop since January as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some expect.
Holders of dollar-denominated bonds at Bulgaria's Corpbank are gearing up for legal action against the government if the bond defaults.
MOSCOW, July 31- VTB, Russia's second-largest bank by assets, and Gazprombank said they would continue to honour investor and shareholder obligations despite sanctions from Brussels that ban them from raising funds on EU capital markets.
The Economist Correspondent Haley Cohen provides insight to Argentina's second debt default in 13 years.
TORONTO, July 31- Canadian Imperial Bank of Commerce has named wealth management head Victor Dodig as its next president and chief executive, replacing Gerry McCaughey who will retire in September.
*Default risks turning Bulgaria into " Argentina of Europe": source. BUCHAREST, July 31- Holders of dollar-denominated bonds at Bulgaria's Corporate Commercial Bank are gearing up for legal action against the government if the bond defaults and the bank is tipped into insolvency, two sources told Reuters on Thursday.
BONDHOLDERS MAY SUE BULGARIAN GOVERNMENT OVER POSSIBLE DEFAULT AT CORPORATE COMMERCIAL BANK- SOURCES.
The head of CFTC pledged he would be a tough cop now that the agency has finished a raft of rules to oversee the $710 trillion global swaps market.
Banking giant HSBC was accused of racism this week after it moved to close the accounts of several Muslim organizations across the UK.
CNBC takes a quick look at dark pool trading platforms and why they have come under investigation.
LONDON, July 31- Gold fell to a six-week low on Thursday and was set for its second monthly drop since May as the dollar rose on optimism over the U.S. economy, which offset a message from the Federal Reserve that it is in no rush to raise interest rates.
NAIROBI, July 31- KCB Bank, Kenya's largest lender by assets, plans to raise funds from international debt markets for lending to the real estate sector, its CEO said after announcing a 16 percent jump in first-half profit.
Shares in troubled Portuguese lender Banco Espirito Santo slumped 50 percent on Thursday, after trading in the stock resumed following poor results.
Q2 GDP partly offset by mixed Fed views. LONDON, July 31- The dollar held just below a 10- month high against a basket of currencies on Thursday after the Federal Reserve said it was in no rush to raise interest rates, tempering a rally that dates back to early May.
Swiss bank Credit Suisse became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools.
Banco Espírito Santo has posted a €3.58 billion loss, which shows the financial woes engulfing its main shareholder, the Espírito Santo family group.
SHANGHAI, July 31- China's yuan weakened against the dollar on Thursday after the central bank set the daily midpoint at its lowest level since early June. The People's Bank of China set the midpoint rate at 6.1675 per dollar prior to market open, down 0.05 percent from the previous fix.
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