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  • LONDON, May 15- Blue chip banks could provide a bigger stimulus to Europe's flagging economy if they pared back low-return mortgage lending to pump more firepower into small business and consumer credit, the chairman of HSBC told Reuters. Douglas Flint, boss of Europe's largest bank, said policymakers and banks needed to reconsider the "natural long-term...

  • HSBC's ultra-rich unit to get new leader Friday, 15 May 2015 | 11:17 AM ET
    Man walks past HSBC bank branch

    HSBC, one of the largest hedge fund investors in the world, has changed the leadership of a key private banking unit.

  • *Cooling economic data pushes back Fed rate hike expectations. NEW YORK, May 15- Treasury yields fell on Friday as data pointed to slowing economic growth, raising expectations that the Federal Reserve will need to wait longer to raise interest rates. "The market is getting more concerned that the economy weakened through the first quarter into the second...

  • SAO PAULO/ BEIJING, May 15- Industrial and Commercial Bank of China Ltd, the world's largest bank by assets, said on Friday it is not aware of plans to create a $50 billion fund to finance infrastructure investments in Brazil. "ICBC highly values the cooperation with Brazilian financial institutions and will actively promote China and Brazil economic...

  • BofA opens private fund-raising arm for start-ups Friday, 15 May 2015 | 5:58 AM ET
    A Bank of America sign is displayed at the entrance of a branch in New York.

    Bank of America Merrill Lynch has set up a group to help companies raise money through private fund-raising, the NYT reports.

  • TOKYO, May 15- Bank of Japan officials are quietly discussing which interest rate to use as a benchmark once the central bank reverts to using rates as its main monetary policy tool, rather than the current strategy based on printing money. Before adopting QQE in April 2013, the BOJ has traditionally used the uncollateralised, overnight call rate as its main...

  • MOSCOW, May 15- Russia's central bank on Friday extended anti-crisis measures aimed at helping the banking sector weather turmoil on Russian financial markets late last year. In December, it temporarily allowed banks to use third-quarter exchange rates to value their risk-weighted assets and not to create loan-loss provisions for credits to companies...

  • MOSCOW, May 15- Russia's central bank said on Friday it would extend a series of anti-crisis measures until Oct. 1 to help the banking sector weather a financial crisis. In December the bank unveiled a package of measures to support banks, temporarily allowing them to use a third-quarter exchange rate to value their risk-weighted assets and allowing them not to...

  • SHANGHAI, May 15- China's yuan currency on Friday weakened against the dollar as corporate dollar demand outweighed supply, helping to offset a 15- month high midpoint set by the central bank, traders said. The People's Bank of China set the midpoint rate at 6.1085 per dollar prior to the market's open, 0.01 percent firmer than the previous fix at 6.1093.

  • OCBC warns of tough credit environment ahead Thursday, 14 May 2015 | 8:48 PM ET
    The Oversea-Chinese Banking Corp logo is displayed on a window at the company's branch in OCBC Center in Singapore.

    Ahead of a transition back to normal interest rates, Singapore's Oversea-Chinese Banking (OCBC) is cautious of the credit environment ahead.

  • In an unprecedented move, the parent companies or main banking units of JPMorgan Chase& Co, Citigroup Inc, Royal Bank of Scotland Group Plc, Barclays Plc and UBS Group AG are likely to plead guilty to rigging foreign exchange rates to benefit their transactions. The Wall Street Journal reported on Thursday night that the U.S. Justice Department voided a 2012...

  • LIMA, May 14- Peru's central bank held the benchmark interest rate steady at 3.25 percent for the fourth month in a row on Thursday, despite weak economic growth. All 11 analysts polled by Reuters had said the central bank would leave the key rate unchanged again to avoid stoking a steeper slide in the sol currency. The bank last lowered the benchmark interest rate...

  • In an unprecedented move, the parent companies or main banking units of JPMorgan Chase& Co, Citigroup Inc, Royal Bank of Scotland Group Plc, Barclays Plc and UBS Group AG are likely to plead guilty to rigging foreign exchange rates to benefit their transactions. However, the practice has become controversial in the past year, particularly at the SEC, where...

  • VANCOUVER, May 14- The bar is "extremely high" for changing the Bank of Canada's inflation target when it comes up for renewal next year, bank Deputy Governor Lynn Patterson said on Thursday. The bank, which reviews the target every five years, said last year it was researching whether to raise the target above the current 2 percent given the difficulties of setting...

  • Bank robberies a thing of the past? Thursday, 14 May 2015 | 4:52 PM ET
    bank robberies

    CNBC's Jeff Cox details why bank robberies are on the decline.

  • CHICAGO, May 14- Prices for prime crop land in the central Corn Belt held up better than other regions in the first quarter, but the outlook for low grain prices looked likely to pressure land values and farm incomes further in coming months, according to Federal Reserve quarterly surveys of farm bankers issued on Thursday. But it said a jump in farmland values in...

  • Today's Bonnie and Clydes getting tougher to find Thursday, 14 May 2015 | 2:32 PM ET
    Warren Beatty and Faye Dunaway getting away in a scene from "Bonnie and Clyde," 1967.

    Banks have gotten safer in more ways than one since the financial crisis.

  • LONDON, May 14- Being one of the two most important global banks offers benefits to customers and greater resilience, but there is an increasing need to show shareholders that size matters, HSBC's chairman told Reuters. "The challenge and the responsibility of management is to demonstrate that scale has benefits," HSBC Chairman Douglas Flint said on Thursday at...

  • NEW YORK, May 14- Increasing expectations the U.S. Federal Reserve will hold off raising interest rates until September at the earliest boosted Wall Street on Thursday and drove the dollar to near its lowest level since January. "People are pretty focused on the weak numbers for the U.S.," said David Gilmore, partner at Foreign Exchange Analytics in Essex,...

  • 5 banks to plead guilt to felony charges Thursday, 14 May 2015 | 11:00 AM ET
    5 banks to plead guilt to felony charges

    Five banks are set to plead guilty to felony charges and pay billions in fines for currency market rigging.

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