China's banks this week found themselves turning away would-be depositors as they scrambled to comply with new rules. The Financial Times reports.» Read More
*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.
*Ukraine- Russia tensions, Israel- Palestine cut gold's losses. NEW YORK/ LONDON, July 28- Gold was little changed on Monday as traders and investors awaited the outcome of a Federal Reserve policy meeting, while hazarding a guess on what U.S. jobs numbers for the month might be.
Senior Fed officials seem to have slipped back into their pre-2008 ways, says Simon Johnson, a professor at MIT's Sloan school.
Spanish lender Bankia announced a near-doubling of quarterly net profit on Monday. CFO Leopoldo Alvear joins CNBC to discuss.
JPMorgan found the perfect suitor for a big book of loans it had made around the world but wanted to get rid of: Bain Capital.
Lloyds Banking Group agreed to pay fines totaling $370 million to the U.S. and British as part of an interest rate rigging scandal.
CFTC CHARGES LLOYDS BANKING GROUP, LLOYDS BANK WITH MANIPULATION, ATTEMPTED MANIPULATION, AND FALSE REPORTING OF LIBOR.
Kian Abouhossein, banking analyst at JP Morgan, discusses the decline in fixed income revenues for big banks and discusses how they are adjusting their models.
HONG KONG, July 28- Hong Kong's benchmark index finished at its highest level in more than three years on Monday, as Chinese banks jumped after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors.
Banks may have repaired their balance sheets but we're still waiting for any notable shift in their culture, according to a market commentator.
Philippe Bodereau, global head of financial research at PIMCO, says the problems associated with Banco Espirito Santo do not threaten the financial stability of euro zone banks.
HONG KONG, July 28- China shares closed at their highest since December on Monday, with gains led by the banking sector after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors.
Chris Skinner, CEO of Balatro and director of the Financial Services Club, says bad banking culture has changed but there is still "a long way" to go.
Alex Brummer, author of "Bad Banks: Greed, Incompetence and the Next Global Crisis", says the much-needed change of culture in the banking sector hasn't happened.
David Ellis, Head of Australian Banking Research at Morningstar Australasia, discusses the bank's decision to offload a $1.2 billion portfolio of distressed British loans.
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