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  • 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.

  • BEIJING, March 31- China is set to start a maiden insurance system for bank deposits from May, two sources with knowledge of the matter said on Tuesday, a development considered by many analysts to be a crucial financial reform. The insurance system and a fund that banks will have to pay into to finance the protection of depositors will be managed by the central bank,...

  • SHANGHAI, March 31- As stock market investors cheer Beijing's latest bid to boost the country's ailing housing sector, Chinese bankers are gritting their teeth over the risks they face in further relaxing lending rules to home buyers. The hope is that by allowing buyers to get mortgages more easily, China can revive the housing market, which accounts for 15...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday. BSA The Software Alliance, whose members include Adobe Systems, Apple Inc, IBM, Microsoft Corp and Oracle Corp, and the...

  • This is the biggest market event for the past year   Monday, 30 Mar 2015 | 11:15 PM ET
    This is the biggest market event for the past year

    For the past year, the turmoil in energy markets has been the biggest event in global financial markets, says David Mann, chief economist, Asia at Standard Chartered Bank.

  • Why the US should work with China-led AIIB   Monday, 30 Mar 2015 | 8:34 PM ET
    Why the US should work with China-led AIIB

    Curtis Chin, Asia Fellow at Milken Institute and John Perkins, Author of "Confessions of an Economic Hit Man," explain why the U.S. should be involved with the Asian Infrastructure Investment Bank.

  • Fed's Fischer suggests shadow bank regulations Monday, 30 Mar 2015 | 8:17 PM ET

    A top Fed official suggested regulations to reduce non-bank lending sector risks, while saying there is little the Fed can do to impose restrictions.

  • March 30- Canadian financial technology firm D+ H said on Monday it agreed to acquire global payment services provider Fundtech for $1.25 billion in cash, in a bid to expand its service offerings aimed at global financial institutions and large U.S. banks. The deal comes nearly two years after it acquired U.S. rival Harland Financial Solutions for about $1.2...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday. BSA The Software Alliance, whose members include Adobe Systems, Apple Inc, IBM, Microsoft Corp and Oracle Corp, and the...

  • Trading Nation: Bank industry investing   Monday, 30 Mar 2015 | 2:36 PM ET
    Trading Nation: Bank industry investing

    Erin Gibbs, S&P Capital IQ, and Todd Gordon, tradinganalysis.com, discuss bank stocks that show opportunity and whether investing in the bank sector is a good idea.

  • March 30- Ben Bernanke launched a blog on Monday, giving the former Federal Reserve chairman a new pulpit from which to make an old argument: why interest rates need to be so low. Bernanke, who handed the reins of the U.S. central bank to Janet Yellen last year, has been hitting the conference circuit more in recent months ahead of the planned publication of his book...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. China said this month work was ongoing on a draft anti-terrorism law that would require foreign companies to hand over encryption keys and otherwise facilitate...

  • WASHINGTON, March 30- The U.S. Supreme Court on Monday left intact a ruling that prevents plaintiffs from suing banks that they say aided and abetted convicted fraudster Bernie Madoff. The high court declined to hear two separate appeals filed by investors in foreign investment vehicles that lost money when Madoff's the Ponzi scheme collapsed in 2008. They...

  • SHANGHAI/ BEIJING, March 30- China on Monday courted home buyers with a bigger tax break as it cut downpayment requirements for the second time in six months, stepping up a fight against sliding house prices that is imperiling the world's second-biggest economy. The People's Bank of China said on its website that commercial banks can now lower their minimum...

  • *Test puts HSBC, Standard Chartered in the spotlight. "By assessing the resilience of the UK banking system against a major external shock we will improve further our ability to identify vulnerabilities and we will ensure that banks have plans in place to address a wider range of possible stresses," BoE Governor Mark Carney said on Monday. That leaves six banks and...

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