The London Stock Exchange Group is looking to sell Russell Investment for about $1.4 billion, according to sources.» Read More
*ECB debates how to implement sanctions against Russia. *ECB Governing Council to discuss issue on Thursday. FRANKFURT, Aug 6- Major Russian banks active in the euro zone could face caps or even exclusion from borrowing from the European Central Bank as it examines how European sanctions against Moscow affect its operations.
LONDON, Aug 6- Standard Chartered Plc has warned it faces another fine from New York's financial regulator for problems related to detecting transactions vulnerable to money laundering, piling more pressure on the Asia- focused bank and its bosses.
NEW YORK, Aug 6- Wells Fargo& Co has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat an industry-wide drop in mortgage volumes.
BANGKOK, Aug 6- Thailand's central bank left its benchmark interest rate unchanged on Wednesday, as expected, reiterating that the level is appropriate and that the economy, battered early this year by political turmoil, will rebound in the second half.
Standard Chartered is facing another substantial fine from U.S. regulators as it announced its first-half profits fell by 20 percent.
Paul Dowling, Principal Analyst at East and Partners, outlines the challenges that Standard Chartered faces.
WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better living wills, inching a step closer to taking action if these plans to avoid taxpayer bailouts during a future crisis were still deficient next year.
CNBC's Mary Thompson reports regulators have told banks their "living wills" need improvement and ask banks to address the shortcomings.
So-called living wills submitted by big banks are "not credible" and have to be revised by next July, federal regulators said on Tuesday.
WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better plans to avoid taxpayer bailouts during a future crisis, inching a step closer to taking action if they still found the so-called living wills deficient next year.
FRANKFURT, Aug 5- Deutsche Bank named U.S.-Swiss lawyer Nadine Faruque to lead a reform of its regulatory compliance practices, as it battles to cut a long and expensive list of investigations and potential settlements that have dogged it since the financial crisis.
Vidyo provides the technology behind Google's video chat "Google Hangouts." Ofer Shapiro, Vidyo CEO, launches a new banking application designed to aid consumers without going to a bank.
*Bank takes 708 mln hit from Banco Espirito Santo exposure. PARIS, Aug 5- France's Credit Agricole took a 708 million euro hit from its stake in troubled Portuguese lender Banco Espirito Santo, nearly wiping out its second-quarter net profit.
INVESTMENTS TO BE IN CONSTRUCTION, CLEAN ENERGY, BANKING, INFORMATION TECHNOLOGY SECTORS- WHITE HOUSE OFFICIAL.
Credit Agricole said it took a $950 million hit related to its stake in Espirito Santo that nearly wiped out the bank's second-quarter net profit.
NEW YORK, Aug 4- Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses.
Bill Fitzpatrick, Senior Global Equity Analyst at Manulife, says Monday's earnings statement indicates that HSBC is "frustrated" with the lack of continuity among global regulators.
Treasury Secretary Jack Lew gives brief remarks before the Inaugural U.S.-Africa Business Forum in Washington- 1420 GMT. LONDON- Bank of England holds Monetary Policy Committee meeting. Defense Secretary Chuck Hagel visits India.
MUMBAI, Aug 5- India's central bank is expected to keep interest rates steady while adopting tougher rhetoric on inflation at a policy review on Tuesday due to growing concerns that disappointing monsoon rains will lead to a surge in food prices.
*Recent surge in Angola bad loans due to economy slowdown. JOHANNESBURG, Aug 4- Angola appointed administrators to manage the indebted local unit of Portugal's troubled lender Banco Espirito Santo on Monday and said a sovereign guarantee for most of its loans would be revoked.
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