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  • Osborne may sell RBS shares at a loss: Report Sunday, 10 May 2015 | 6:23 AM ET
    RBS

    The U.K. Chancellor may sell state-owned shares in RBS at a loss as part of plans for an accelerated sale of government holdings in the sector.

  • FACTBOX-China's interest rate and RRR changes Sunday, 10 May 2015 | 5:55 AM ET

    BEIJING, xx- China's central bank cut its benchmark lending rate by 25 basis points to 5.1 percent on Sunday, its third reduction since November, as economic growth cools to levels not seen since the global financial crisis. The People's Bank of China also reduced one-year benchmark deposit rates by 25 basis points to 2.25 percent, it said in a statement on its...

  • BEIJING, May 10- China's central bank cut its benchmark lending rate by 25 basis points to 5.1 percent on Sunday, its third reduction since November, as economic growth cools to levels not seen since the global financial crisis. The People's Bank of China also reduced one-year benchmark deposit rates by 25 basis points to 2.25 percent, it said in a statement on its...

  • China cuts interest rates to boost economy Sunday, 10 May 2015 | 5:23 AM ET

    BEIJING, May 10- China's central bank cut its benchmark lending rates by 25 basis points to 5.1 percent on Sunday, the third reduction since November, as it seeks to lower borrowing costs and support the slowing economy. The People's Bank of China also reduced one-year benchmark deposit rates by 25 basis points, it said in a statement on its website, adding that the...

  • Norton, who started at the FDIC in April 2012, would leave the FDIC, an agency that steps in to bail out failed banks during crises, on June 5. The FDIC dramatically raised its profile during the 2007-09 financial crisis, when its former head Sheila Bair became an outspoken critic of implicit government guarantees for large Wall Street banks that are deemed too big...

  • WASHINGTON, May 8- Republicans on the U.S. Senate Banking Committee will delay a vote on a bill to ease some of the tight new rules for banks by a week, a Senate aide said on Friday, as Democrats balked at procedures followed in drawing up the text.

  • *Treasuries rise for second day after losing streak. NEW YORK, May 8- U.S. "We got' Goldilocks' employment data that has given investors a little bit of comfort to put some exposures back on because it keeps the Fed away from liftoff a little longer," said Guy Haselmann, head of U.S. interest rate strategy at Bank of Nova Scotia in New York.

  • *Average hourly earnings rise three cents. WASHINGTON, May 8- U.S. job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. "We see this report as reducing concerns that weak first-quarter growth...

  • *Treasuries rise for second day after losing streak. NEW YORK, May 8- U.S. "We got' Goldilocks' employment data that has given investors a little bit of comfort to put some exposures back on because it keeps the Fed away from liftoff a little longer," said Guy Haselmann, head of U.S. interest rate strategy at Bank of Nova Scotia in New York.

  • *Gold rebounds after two-day losing streak. LONDON, May 8- Gold edged higher on Friday, snapping two days of losses, as revisions to U.S. payrolls data supported speculation that the Federal Reserve may hold off raising interest rates in the immediate future. Spot gold was up 0.1 percent at $1,186.10 an ounce at 1400 GMT, while U.S. gold futures for June delivery were...

  • MOSCOW, May 8- Russia's VTB Bank said on Friday its Austrian unit would work closely with the European Central Bank to ensure that it passes the European regulator's stress tests. The ECB said on Wednesday it would carry out stress tests and balance sheet reviews on the Austrian units of VTB and rival Russian lender Sberbank. Sberbank said earlier this week its...

  • May 8- Traders pared bets the Federal Reserve will move to raise U.S. benchmark interest rates even by the end of the year, after a U.S. government report on Friday showed job gains this year have slowed. The U.S. short-term interest-rate futures contracts rose after the Labor Department report, with traders seeing a 51 percent chance that the first Fed rate hike...

  • *Average hourly earnings rise three cents. WASHINGTON, May 8- U.S. job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. Nonfarm payrolls increased 223,000 as gains in services sector jobs...

  • BEIJING, May 8- China's banking regulator urged commercial banks on Friday to increase lending to riskier small businesses and the rural sector, even though the banking sector reported a jump in troubled loans in the first quarter. Currently, China's commercial bank non-performing loan ratio for small business lending stands at around 3 percent to 4 percent,...

  • Bank of America, JPMorgan to kill 'zombie debt' Friday, 8 May 2015 | 6:55 AM ET
    Mggggggh... brains.

    Two of the nation's biggest banks will finally put to rest the zombies of consumer debt — potentially providing relief to more than a million people.

  • *Shares in Barclays up 5.7 percent. *Shares in StanChart up 1.4 pct, HSBC up 1.1 pct. HSBC and Standard Chartered rose by 1.1 percent and 1.4 percent respectively.

  • BEIJING, May 8- China's banking regulator urged commercial banks on Friday to increase lending to small businesses and the rural sector, a move that may bolster the cooling economy but also risks saddling banks with more troubled loans. Currently, China's commercial bank non-performing loan ratio for small business lending stands at around 3 percent to 4...

  • WASHINGTON, May 8- U.S. job growth likely rebounded last month and the unemployment rate probably dropped to a near seven-year low, signs of a pick up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. The Labor Department will release its closely followed employment report at 8:30 a.m. on Friday.

  • Citi sold its loan to Solus Alternative Asset Management, the sources said. Solus replaced Citi in an April 30 forbearance agreement with PREPA's lenders posted on the website of Puerto Rico's Government Development Bank. Citi's $146 million loan was part of a larger credit line of around $700 million, which PREPA uses to buy oil.

  • DIARY- Emerging Markets Economic Events to May 21 Thursday, 7 May 2015 | 8:02 PM ET

    BUCHAREST- Romania central bank Governor Mugur Isarescu presents the quarterly inflation report. LUSAKA- Bank of Zambia announces interest rate decision. ACCRA- Central bank of Ghana holds monetary policy meeting.

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