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  • ATHENS, May 7- Greece's government on Thursday asked the chief executive of its bank bailout fund to resign, after prosecutors ordered her to stand trial for her role in bad loans issued by defunct state lender Hellenic Postbank. Anastasia Sakellariou has been chief executive of the Hellenic Financial Stability Fund since February 2013.

  • Banks under fire: Another crisis coming? Thursday, 7 May 2015 | 4:16 PM ET
    Banks under fire: Another crisis coming?

    Is another financial crisis possible with Dodd-Frank in place? CNBC contributors Barney Frank and Larry Kudlow discuss the topic.

  • VIENNA, May 7- Austria's finance minister warned Greece on Thursday about the dangers of defaulting on its debt and said a sensible solution to the country's financial problems was nowhere near despite months of talks. Hans Joerg Schelling, a conservative who has taken a hard line with Greece, said emergency lending assistance to Greek banks from Greece's...

  • NEW YORK, May 7- ItBit Trust Company, LLC, a bitcoin exchange, has been granted a charter under New York State's banking law, becoming the first virtual currency company to receive a charter in the state, according to New York's Department of Financial Services. New York's Department of Financial Services is expected to issue regulations for bitcoin and other...

  • Erste Bank CEO: We've cleaned up since 2014 Thursday, 7 May 2015 | 11:20 AM ET
    Erste Bank CEO: We've cleaned up since 2014

    Having posted record net loss in 2014, Andreas Treichl, CEO of Erste Bank, says since then they've "cleaned up" and 2015's Q1 is good. But whether it will continue, is yet to be known.

  • With funding deal elusive, Greece rides into storm Thursday, 7 May 2015 | 8:55 AM ET

    FRANKFURT, May 7- With a deal to resurrect its aid-for-reform program elusive, Greece risks running out of money in the coming weeks, raising the prospect of default and capital controls to contain a run on its banks. Officials in Athens are optimistic that the European Central Bank will give it extra financial breathing space but unless euro zone ministers...

  • Commerzbank's investment bank profit jumps 40% Thursday, 7 May 2015 | 2:05 AM ET
    commerzbank-200.jpg

    Commerzbank's investment banking division saw a 40 percent increase in operating profit, driven primarily by a surge in debt and currency.

  • NAB is taking 'preemptive action': BBY Wednesday, 6 May 2015 | 10:31 PM ET
    NAB is taking 'preemptive action': BBY

    Brett Le Mesurier, director of Financials Research at BBY, explains why National Australia Bank's announcement of a $4.4 billion rights issue isn't just about capital raising.

  • NAB announces $4.4B rights issue; to float UK unit Wednesday, 6 May 2015 | 10:27 PM ET
    National Australia Bank

    NAB, Australia's top lender by assets,said it plans to raise A$5.5 billion in a rights issue as it looks to demerge and float its troubled British unit.

  • SYDNEY, May 7- National Australia Bank, the country's top lender by assets, on Thursday said it plans to raise A $5.5 billion in a rights issue as it looks to demerge and float its troubled British unit by the end of the year. NAB's UK business, which includes Yorkshire and Clydesdale bank branches, has been a persistent thorn in its side, with charges for bad and...

  • NEW DELHI, May 7- Indian Prime Minister Narendra Modi sank his finance minister's plans to strip powers from the central bank last week, sources told Reuters, evidence of a new-found respect for the bank's governor and a recognition that Modi needs his calming influence on markets. When Modi came to power just under a year ago, the position of central bank boss...

  • Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout. Atlanta Federal Reserve bank president Dennis Lockhart said he still expects it will be appropriate to raise interest rates some time in the middle of the year, and that market expectations of a September increase were in "...

  • Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout. Atlanta Federal Reserve bank president Dennis Lockhart said he still expects it will be appropriate to raise interest rates some time in the middle of the year, and that market expectations of a September increase were in "...

  • One trend some businesses aren't waiting for Wednesday, 6 May 2015 | 12:53 PM ET
    Small business owner using tablet computer

    As investors sift through latest Janet Yellen's comments for clues about interest rates, small businesses are muted about a potential rate hike's impact.

  • WASHINGTON, May 6- The chairman of the Senate Banking Committee is pushing ahead with a bill to ease rules across sections of the financial industry after the first round of efforts to work with his Democratic counterpart failed. The bill could also seek to ease regulations on regional banks such as Comerica Inc and insurers such as Allstate Corp and curb the...

  • *HSBC, Standard Chartered fear further tax hike. LONDON, May 6- Lack of a clear winner in Britain's national election on Thursday is likely to impact the appetite of businesses to borrow, senior bankers told Reuters. Both the Conservative Party, which has led a coalition government with the Liberal Democrats for the past five years, and the opposition Labour Party...

  • PayPal co-founder raises $275 million for 'Affirm' Wednesday, 6 May 2015 | 11:47 AM ET
    PayPal co-founder raises $275 million for 'Affirm'

    PayPal co-founder Max Levchin announced his lending startup Affirm has raised $275 million, reports CNBC's Josh Lipton.

  • BUCHAREST, May 6- Romania's central bank surprised markets by shaving another quarter point off its benchmark interest rate to a new record low on Wednesday, as a cut in value added tax next month should keep inflation near zero. Most analysts had expected Romania's central bank to end its rate cutting cycle at 2 percent, and that monetary policy would continue to...

  • WASHINGTON, May 6- Federal Reserve Chair Janet Yellen on Wednesday said high equity valuations could pose potential dangers but that stability risks across the U.S. financial system remained in check. "I would highlight that equity market valuations at this point generally are quite high," Yellen said. Yellen's view on the run-up in stocks was an answer to...

  • WASHINGTON, May 6- Federal Reserve Chair Janet Yellen on Wednesday said the central bank is prepared to take further action to make the financial system safer, in a warning to the banking industry and non-bank lenders. In prepared remarks at the " Finance and Society" conference held at the International Monetary Fund, Yellen outlined the contributions of the...

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