The SEC said it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis.» Read More
Bernardo Mingrone, CFO and deputy CEO of Banca Monte dei Paschi di Siena, discusses the recent rights issue and its technical problems and explains why he's "optimistic" the bank will pass the stress tests.
HONG KONG, June 10- China shares posted their best gains in almost a month on Tuesday, led by strong gains in financial counters after China detailed which banks would benefit from a recently promised cut of required reserves ratios. On May 30, China said there would be cuts in reserve requirements for some banks.
NEW YORK, June 10- Wall Street banks are playing cat-and-mouse with U.S. regulators over rules that seek to reduce lending for deals that load up companies with too much debt, as they try to retain a profitable business and meet demands from clients and investors.
LONDON- Bank of England's Andrew Gracie speaks to British Bankers Association cyber security conference- 0915 GMT. Speakers:- Portugal Finance Minister Maria Luis Albuquerque, IMF European Department Director Reza Moghadam, ECB Board Member Yves Mersch and National Bank of Poland President Marek Belka.
NEW YORK, June 9- When the European Central Bank put its economy-boosting stimulus plan into high gear last week, it sent European stock prices to six-year highs.
BEIJING, June 9- China's central bank said it will cut the level of reserves banks must hold for those that have sizeable loans to the farming sector and small- and medium-sized firms, a move the government had flagged in May to support the economy.
BEIJING, June 9- China's central bank said it will cut the level of deposits for banks with sizeable lending to the farming sector and small- and medium-sized firms, a move the government had flagged in May.
BEIJING, June 9- China's central bank said it will cut the level of deposits that banks have to keep with it by 50 basis points for some lenders, a move aimed at freeing up more cash for loans to bolster flagging economic growth.
*S&P ratings lift for Ireland adds to buoyant mood. LONDON, June 9- Irish bond yields dipped to a record low on Monday after Standard& Poor's upgraded the country's credit ratings, adding to the buoyant mood in peripheral euro zone debt triggered by fresh European Central Bank stimulus.
MILAN, June 9- Bailed-out Italian bank Monte dei Paschi di Siena launched a 5 billion euro share sale on Monday, seeking to repay state aid and bolster its finances in preparation for a pan-European review of banks.
Carlo Alberto Carnevale-Maffe, professor of strategic management at SDA Bocconi University, says Monte De Paschi's rights issue might not be successful and could lead to a shareholder reshuffle.
HANOI, June 9- A Vietnamese court jailed a tycoon and former banker for 30 years on Monday for his part in a series of elaborate financial scams worth $1.1 billion that have become one of the country's most high-profile banking scandals.
HONG KONG, June 9- China shares ended barely changed on Monday, with gains in property and finance counters largely offset by losses for a few index heavyweights. Among the top index boosts in Shanghai, Poly Real Estate Group climbed 4.1 percent, while top Chinese lender Industrial and Commercial Bank of China gained 1.4 percent.
Oliver Burrows, senior banking analyst at Rabobank, comments on the European banking sector and says their rankings are the same as they were in 2010.
LONDON, June 9- Lloyds Banking Group said on Monday it would sell a quarter of its shares in TSB, through a listing on the London stock market priced at below the business's book value. Lloyds, which must sell the business as a condition of its government bailout during the financial crisis, said the shares would be sold at between 220 pence and 290 pence each.
Lloyds Banking Group priced its high-profile flotation of a quarter of its TSB division at 220-290 pence per share on Monday.
HONG KONG, June 9- China's yuan rose against the dollar on Monday after the central bank set the daily fixing higher, by the biggest percentage in a single day since October 2012, fuelling expectations China may have started to guide the yuan back on an appreciation course.
Joo Yung Lee, MD & Head of North American Financial Institutions at Fitch Ratings, says the increase in regulations have proved to be challenging for U.S. banks in the first quarter.
DUBAI, June 8- Low residential rental yields in Dubai and Abu Dhabi may indicate growing imbalances and overheating in the real estate sector, the United Arab Emirates central bank said on Sunday, in the first official warning about soaring property prices.
*Follows US settlement with Credit Suisse. JERUSALEM, June 8- Bank Leumi, Israel's second largest bank, said on Sunday it was close to a deal to pay nearly 1 billion shekels to the U.S. Justice Department in relation to its investigation into possible tax evasion by the bank's American clients.
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