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  • ZURICH, March 5- Switzerland's government will seek to coordinate more closely with the independent Swiss National Bank after the latter's shock decision to drop its cap on the Swiss franc, according to a confidential policy resolution seen by Reuters on Thursday. A government spokesman denied on Wednesday that Bern had asked the central bank to introduce a...

  • *Citi's sale of Akbank stake drags down banking stocks. ISTANBUL, March 5- Turkey's lira hit an all-time low on Thursday as meetings with investors in New York did little to allay concern over President Tayyip Erdogan's battle with the central bank or Ankara's economic management team. Efforts by Prime Minister Ahmet Davutoglu, Deputy Prime Minister Ali...

  • NICOSIA/ FRANKFURT, March 5- The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next. President Mario Draghi said the first bond purchases with new money would take place on March 9. The euro zone's central bank has said it will buy 60 billion euros a month until Sept. 2016 or...

  • NICOSIA, March 5- European Central Bank President Mario Draghi said on Thursday the amount of emergency lending available to Greek banks had been increased. "We have raised the ELA today," he told a news conference in Cyprus following an ECB policy meeting. Draghi said Greek banks were solvent and had capital levels well above minimum requirements.

  • LONDON, March 5- Fraudsters are slick and smooth when they request new bank accounts or credit cards-- a characteristic an Israeli company wants to use against them. Banks and other financial firms are coming under sustained attacks from increasingly sophisticated cyber criminals, forcing them to spend more money and resources trying to fight hackers.

  • 'Spocking' $5 Canadian bills legal, but illogical Thursday, 5 Mar 2015 | 8:52 AM ET

    Canada's central bank urges citizens to cease defacing $5 notes as tribute to the late actor Leonard Nimoy. USA Today reports.

  • *ECB releases details of bond-buying scheme at 1330 GMT. LONDON, March 5- Gold steadied above $1,200 an ounce on Thursday, with investors cautious ahead of a European Central Bank news conference set to give details on its bond-buying programme and as the market awaited key U.S. economic data. The ECB held interest rates unchanged at record lows and is expected to...

  • Fed shifts regulatory power away from New York -WSJ Thursday, 5 Mar 2015 | 8:17 AM ET

    WASHINGTON, March 5- The regulatory power of the Federal Reserve Bank of New York has shifted to a committee in Washington established in a previously undisclosed paper written in 2010, the Wall Street Journal reported on Thursday. The change, which the newspaper said had been enacted slowly during the past five years, moves the center of banking oversight to...

  • *Lack of deal in Iran nuclear talks support crude oil. LONDON, March 5- The euro hit an 11 1/ 2- year low against the dollar and European stocks nudged higher on Thursday, as the European Central Bank prepared to lay out the details of its impending 1 trillion-euro stimulus plan. The common currency fell as low as $1.1026, its lowest since September 2003, and the region's...

  • *Results of the Dodd-Frank Act stress tests, at 4:30 p.m. EST. *Aggregate Reserves of Depository Institutions and the Monetary Base, at 4:30 p.m. EST. *Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks, at 4:30 p.m. EST.

  • Deflation to aid Tories in upcoming budget: Ex-UK Chancellor

    Norman Lamont, former U.K. Chancellor of the Exchequer and chairman of the Small Companies Dividend Trust, comments on the upcoming U.K. budget.

  • *Citi's sale of Akbank stake drags down banking stocks. ISTANBUL, March 5- The Turkish lira dropped to an all-time low on Thursday and bank stocks tumbled, as concern grew over President Tayyip Erdogan's battle with the central bank and the future of the government's economic team. Efforts by Turkish Prime Minister Ahmet Davutoglu and his economic team to soothe...

  • BoE keeps rates on hold: Reaction   Thursday, 5 Mar 2015 | 6:45 AM ET
    BoE keeps rates on hold: Reaction

    The Bank of England has announced this month's rate decision, which remains unchanged. Peter Chatwell, interest rate strategist at Mizuho International, gives his response, whilst discussing the sterling currency.

  • Why the UK gilt curve could steepen further   Thursday, 5 Mar 2015 | 6:40 AM ET
    Why the UK gilt curve could steepen further

    Peter Chatwell, interest rate strategist at Mizuho International,says there's room for the UK guilt curve to steepen further as political risks have not yet been factored in.

  • LONDON, March 5- The British subsidiary of Bank of Beirut has been fined 2.1 million pounds and barred from signing up new customers from some jurisdictions for 126 days after misleading the banking watchdog over its financial crime controls. In its first such sanction on a bank, the Financial Conduct Authority said on Thursday that it had also fined two of the...

  • London housing market needs radical change: CEO   Thursday, 5 Mar 2015 | 6:20 AM ET
    London housing market needs radical change: CEO

    Killian Hurley, CEO of Mount Anvil, tells CNBC that London's housing market needs radical change and says supply, not demand, is the central issue.

  • TULIN SAYS CENTRAL BANK DOES NOT RULE OUT CUTTING MINIMUM RESERVES REQUIREMENT FOR BANKS, BUT SEES NO NEED FOR NOW.

  • MOSCOW, March 5- The Russian central bank's First Deputy Governor Dmitry Tulin said the bank's monetary policy, which targets inflation, remains tight, but March's rate decision will depend on the latest macroeconomic data. "Based on February data our policy remains tight," Tulin said in an interview authorized for release on Thursday. The central bank, which...

  • MOSCOW, March 5- The first deputy governor of Russia's central bank, Alexei Simanovsky, said on Thursday that Russian banks' retail deposits could rise by 8 percent this year but added that was a "bold" forecast.

  • Continental to work with Apple?   Thursday, 5 Mar 2015 | 5:30 AM ET
    Continental to work with Apple?

    Elmar Degenhart, CEO of Continental, said he'd be "happy" to work alongside the likes of Apple on a potential car.

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