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  • Why are countries eager to join China-Led AIIB?   Tuesday, 31 Mar 2015 | 6:39 PM ET
    Why are countries eager to join China-Led AIIB?

    Edwin Truman, non-resident senior fellow at the Peterson Institute for International Economics, says many countries have "commercial motivations" and explains why the U.S. should be part of the new development bank.

  • Japan banks look to Islamic finance boom for growth Tuesday, 31 Mar 2015 | 7:22 PM ET

    Japan is starting to make inroads into Islamic finance, a move that could help strengthen regional economic ties and give its lenders an edge.

  • India's state banks are under pressure to improve profitability and slash bad loans, creating a more agile sector to help fuel economic growth. India's state banks hire largely through a nationwide exam system, bringing in entry-level staff who rise through the ranks over years. Bhattacharya, whose bank employs more than 215,000 people, is also working with...

  • NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said he would not raise interest rates significantly if he ran the Federal Reserve. Buffett spoke at an automotive industry conference in New York, along with the chairman of the Berkshire Hathaway automotive dealer group, Larry Van Tuyl.

  • *Gold eyes third straight quarterly fall. NEW YORK/ LONDON, March 31- Gold turned lower on Tuesday, pressured by the firm U.S. dollar and weak oil prices, and with expectations that the Federal Reserve will increase interest rates this year pushing bullion toward its second monthly decline. Gold has fallen 3 percent since hitting a three-week high last week above...

  • Ouch! Here's Wall Street's next headache Tuesday, 31 Mar 2015 | 11:33 AM ET
    Trader on the floor of the New York Stock Exchange.

    Banks, looked to as a bright spot for the upcoming earnings season, might not live up to expectations, according to an analysis.

  • Dombret: Not worried about EU bond bubble   Tuesday, 31 Mar 2015 | 11:20 AM ET
    Dombret: Not worried about EU bond bubble

    Is there a bubble in the European bond market? Andreas Dombret, member of the executive board of the Bundesbank, weighs in with his thoughts.

  • Bundesbank's view on ECB's QE   Tuesday, 31 Mar 2015 | 11:20 AM ET
    Bundesbank's view on ECB's QE

    Andreas Dombret, member of the executive board of the Bundesbank, weighs in with his thoughts on the ECB's QE program, and also comments on Greece's structural reforms.

  • TOKYO, April 1- A global regulatory review on how to measure default risks on loans and other assets could have a negative impact on bank operations, potentially curbing lending, the new head of Japan's banking industry body said. Proposed changes in how to allocate risk weightings and other risk calculations "could put considerable constraints on financial...

  • *Gold eyes first quarterly rise in three. LONDON, March 31- Gold rebounded on Tuesday as global share markets dropped, but bullion was still heading for its second monthly fall, pressured by a strong dollar and expectations the U.S. Gold has fallen 2.5 percent since hitting a three-week high above $1,200 an ounce last week after Federal Reserve Chair Janet Yellen...

  • Is it time for ‘shadow bank’ stress tests? Tuesday, 31 Mar 2015 | 10:33 AM ET
    Man counting money

    A leading member of Germany’s Bundesbank has backed U.S. calls for unregulated “shadow banking” to be subjected to stress-testing.

  • RICHMOND, Va., March 31- The Federal Reserve will have a "strong" case to hike interest rates in June, a hawkish U.S. central bank official said on Tuesday, dismissing recently weak economic data as transitory and perhaps due to unseasonable weather. Richmond Fed President Jeffrey Lacker, who has long called for a prompt tightening of monetary policy, said consumer...

  • WASHINGTON/ ZURICH, March 31- Swiss bank BSI has become the first of what is expected to be several dozen Switzerland- based private banks to reach a deal under a voluntary disclosure programme for tax-related offenses being run by the U.S. Department of Justice. Under a non-prosecution agreement signed on Monday, Lugano-based BSI will pay a $211 million penalty...

  • BEIJING, March 31- China will introduce a scheme to insure bank deposits from May 1, the government said on Tuesday, ushering in a reform seen as vital for freeing up a highly-protected banking sector. The scheme, which has been talked about in China for around 20 years but gained urgency last year, comes at a time of increased financial stress, as a slowing economy...

  • SHANGHAI/ HONG KONG, March 31- As stock market investors cheer China's latest bid to boost an ailing housing sector, bankers are gritting their teeth over the risks they face in further relaxing rules on lending to home buyers. The hope is that by making it easier for buyers to get mortgages, China can revive the housing market, which accounts for 15 percent of its...

  • LONDON, March 31- European Union plans to ban banks taking market bets with their own money should be scrapped to avoid crimping the flow of funds needed for economic recovery, an EU document showed on Tuesday. The bloc's executive European Commission has proposed a draft law to ban proprietary trading at banks and force lenders to isolate other forms of risky...

  • LONDON, March 31- After three months dominated by a rising dollar, interest rate cuts by 26 central banks and hefty equity gains, the big winner was the Chinese stock market. Investors who bought Shanghai- listed A shares at the start of the year have registered gains of 17 percent on a total return basis in dollar terms. Federal Reserve and the European Central Bank,...

  • BEIJING, March 31- China will introduce an insurance scheme for bank deposits from May 1, the cabinet said on Tuesday, bringing in a reform seen as crucial for the liberalisation of the banking sector. The roll-out of the scheme, which has been talked about in China for around 20 years, comes at a time of heightened financial stress in the country as a slowing economy...

  • China to introduce bank deposit insurance from May 1 Tuesday, 31 Mar 2015 | 5:22 AM ET

    BEIJING, March 31- China will introduce an insurance scheme for bank deposits from May 1, the cabinet said on Tuesday, bringing in a reform seen as crucial for the liberalisation of the banking sector. Deposits of up to 500,000 yuan will be insured under the scheme, which is expected to help reduce financial risks, the cabinet said in an online statement.

  • TOKYO, March 31- Citigroup Inc has agreed to sell its credit card unit in Japan to Sumitomo Mitsui Trust Bank, the companies said on Tuesday, as the U.S. bank slims down globally to bolster its profitability. The transaction is expected to close by the end of the year, Citigroup and Sumitomo Mitsui Trust Holdings Inc said in separate statements.

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