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  • Jack Lew breaks down US growth   Monday, 9 Feb 2015 | 6:00 AM ET
    Sec. Lew on Greece, the dollar & more

    CNBC Senior Economics Reporter Steve Liesman sits down for a wide-ranging interview with U.S. Treasury Secretary Jack Lew ahead of the G20 meeting in Istanbul. Among the topics discussed were the economic picture in the U.S., Greece, the strong dollar and tax reform.

  • ISTANBUL, Feb 9- Bank of England Governor Mark Carney has urged the G20 to mount a "big push" to implement global regulatory reforms, fearing that governments may be tiring of non-stop rulemaking since the financial crisis six years ago. The G20 meeting in Turkey's financial capital this week will kick off discussions on whether there are "unintended...

  • *Pakistan, like South Korea, has seen many branch closings. HONG KONG, Feb 9- Standard Chartered Plc will shift its retail banking focus to affluent clients from ordinary customers and urge them to bank online as part of a broader restructuring led by embattled CEO Peter Sands, a senior executive told Reuters. The costs cuts and the shift to wealthy clients in Asia,...

  • *Euro zone's blue-chip Euro STOXX 50 down 1.6 percent. His defiant speech came after Standard& Poor's on Friday cut Greece's sovereign debt rating and Moody's put its rating on review for downgrade, adding to the pressure on Athens to reach an agreement with its international lenders. National Bank of Greece, Alpha Bank and Bank of Piraeus fell 7.3 to 10.3 percent.

  • G20-BOE'S CARNEY SEES RISK OF "FINANCIAL ABANDONMENT" OF COUNTRIES OR INSTITUTIONS BECAUSE OF REGULATORY COSTS OF CROSS-BORDER BANKING.

  • HSBC admits 'failures' in $100B Swiss asset scandal Monday, 9 Feb 2015 | 1:37 AM ET
    HSBC

    HSBC admitted failings by its Swiss subsidiary that helped wealthy customers dodge taxes and conceal millions of dollars of assets.

  • HONG KONG, Feb 9- Standard Chartered Plc will shift its retail bank's focus from mass market to affluent customers and urge more customers online as part of a broader turnaround strategy for the lender, a senior executive told Reuters. The bank will close "a lot of branches in Korea and Pakistan and a few in most markets," Fawcett said, adding that some branches will be...

  • Yuan weakens after weak trade data Sunday, 8 Feb 2015 | 11:28 PM ET

    SHANGHAI, Feb 9- China's yuan weakened slightly against the dollar on Monday after China published surprisingly weak January trade data on Sunday, and continued to trade near the limit of its daily trading band as the central bank held the exchange rate steady. The People's Bank of China set the midpoint rate at 6.1311 per dollar prior to market open, weaker than...

  • TOKYO, Feb 9- The dollar held to a swathe of gains on Monday after robust U.S. jobs data helped rekindle views that the Federal Reserve will hike interest rates as early as June. Data released on Friday showed a rebound in U.S. wages and nonfarm payrolls increasing by 257,000 in January, outstripping Wall Street forecasts. The dollar stood little changed at 119.07...

  • HSBC admits Swiss bank failings over client taxes Sunday, 8 Feb 2015 | 7:22 PM ET

    LONDON, Feb 8- British bank HSBC Holdings Plc admitted on Sunday failings by its Swiss subsidiary, in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets. HSBC said that its Swiss arm had not been fully integrated into HSBC after its purchase in 1999, allowing "significantly lower" standards of compliance...

  • MOGADISHU, Feb 8- Somalia's prime minister urged the U.S. government and U.S. banks to support money transfer firms that offer a lifeline for many in the war-torn Horn of Africa nation. About 40 percent of all Somali families rely on remittances from another country, and the estimated annual total of $1.3 billion is more than all foreign aid and investment in...

  • LONDON, Feb 8- Meetings of G20 finance ministers and EU leaders top and tail this week with Greece's fate uppermost in policymakers' minds and global turbulence caused by diverging monetary policies and cheap oil coming a close second. Impromptu interest rate cuts have followed from India to Australia and Canada to Denmark, while China has cut bank reserve...

  • Cross-border lending on the mend in the euro zone Saturday, 7 Feb 2015 | 6:00 AM ET

    DUBLIN, Feb 7- Cross-border lending is growing in the euro zone for the first time since the bloc's financial crisis prompted banks to retreat from highly indebted countries such as Spain, Greece, Ireland and Italy. The overall increase masks big differences on a country by country basis with cross-border loans to France and Italy growing by 9 percent and 4...

  • JPMorgan faces scrutiny over Asia hiring practices Saturday, 7 Feb 2015 | 2:21 AM ET
    A man walks by One Chase Plaza in lower Manhattan

    JPMorgan Chase's hiring of the son of a Chinese commerce minister is being scrutinized by investigators looking at whether the bank improperly hired relatives of government officials to win influence and business.

  • DIARY- Top Economic Events to Feb 20 Friday, 6 Feb 2015 | 7:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Jerome Powell gives lecture, "Audit the Fed and Other Proposals" before the Catholic University of America, Columbus School of Law: Brendan Brown Lecture event- 2100 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens at the RMB Clearing Bank launch ceremony- 0015 GMT. RALEIGH, United States- Federal Reserve...

  • NEW YORK, Feb 6- The U.S. dollar advanced against major currencies on Friday after data showed solid U.S. jobs growth and a strong rebound in wages in January, bolstering views that the Federal Reserve will hike interest rates by mid-year. The U.S. Labor Department said nonfarm payrolls increased by 257,000 last month, beating economists' expectations for a rise of...

  • NEW YORK, Feb 6- A blowout jobs report has changed the calculus for investors for what the Federal Reserve might do in coming months, resetting expectations for how markets might behave if the U.S. economy continues to strengthen even as global growth lags. Strong job-market growth, along with solid wage gains, has put the talk of deflation and collapsing oil...

  • NEW YORK, Feb 6- Economists at Wall Street's biggest banks are less convinced than a month ago that Federal Reserve rate hikes will begin as soon as June, even as recent U.S. job growth is at its strongest in 18 years, a Reuters poll found on Friday. "The Fed will look through what is expected to be very low headline inflation when it meets in June," said Dana Saporta,...

  • PRIMARY DEALERS SEE FED RAISING FED FUNDS RATE BY JUNE 2015, VS 13 OF 20 IN JAN 9 POLL.

  • While many investors had hoped for a more independent figure, President Dilma Rousseff opted instead on Friday to choose a loyal footsoldier who has worked at the country's largest bank by assets, Banco do Brasil from the age of 15, eventually becoming its CEO. Like Petrobras, Banco do Brasil is a hybrid- run by the government, but also accountable to...

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