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  • *ECB chief to meet Europe's leaders in Brussels. FRANKFURT, Dec 12- The head of the European Central Bank is set to tell European leaders in stark terms at a summit next week that they need to reform straggling economies or risk blunting an ambitious monetary offensive to help revive the stagnant euro zone. As the central bank inches closer to printing money to buy...

  • Commerzbank US settlement may exceed $1B: Source Friday, 12 Dec 2014 | 6:01 AM ET

    Commerzbank's expected settlement with authorities is likely to exceed $1 billion in penalties, according to a source.

  • Russia's stock market indexes also dropped, following weaker oil prices. The rouble has lost more than 40 percent since the beginning of the year, weakened by a slide in oil prices and aversion to Russian assets that has been fuelled by Russia's standoff with the West over Moscow's role in the Ukraine conflict. Russia's central bank raised its main lending rate...

  • BEIJING, Dec 12- China's economy showed further signs of fatigue in November, with factory output growth slowing more than expected and growth in investment near a 13- year low, putting pressure on policymakers to unveil fresh stimulus measures. In a sign that banks were already responding to Beijing's instructions to reflate the economy, however, new lending...

  • Total social financing, a broader measure of overall liquidity in the economy, jumped 74 percent from October to 1.15 trillion yuan, the People's Bank of China said on Friday. Analysts had expected banks to make 650 billion yuan of loans last month, up from 548.3 billion yuan in October, but sources told Reuters this week that Beijing had ordered lenders to extend...

  • BEIJING, Dec 12- Chinese banks made 852.7 billion yuan worth of new loans in November, data showed on Friday, well above market expectations but still unlikely to dispel worries about the country's sputtering economic growth. The central bank said in the same online statement that China's broad M2 money supply rose 12.3 percent in November from a year ago,...

  • BOJ seen offering rosier economic view next week-sources Thursday, 11 Dec 2014 | 11:29 PM ET

    TOKYO, Dec 12- The Bank of Japan is likely to offer a more upbeat view of the economy than last month when it meets for a rate review next week, sources say, as exports and factory output pick up in a tentative sign of recovery from a tax-hike induced recession. The central bank is widely expected to keep monetary settings unchanged at the two-day meeting that ends on...

  • *BASF retreats after cutting 2015 earnings forecast. *Luxury goods group Kering falls after lower Gucci sales. LONDON, Oct 24- European shares pared early losses on Friday as investors bet the fallout for the banking sector from stress test results due on Sunday should be contained, and took a more measured view of New York's first case of Ebola.

  • 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...

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