US banks are due to meet at Apple's headquarters to receive strict guidelines on how to advertise Apple Pay to customers. The FT reports.» Read More
DOHA, July 1- Saudi Arabian Mining Co has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.
U.S. small businesses boosted borrowing for a third straight month in May, according to data released on Tuesday.
Alex Koagne, banking analyst at Natixis Securities, says that BNP Paribas' announcement that it would continue to pay dividends is a good signal to investors and discusses the bank's U.S. activities.
Filippo Alloatti, senior research analyst at Hermes Fund Managers, discusses whether the fine handed to BNP Paribas was large enough.
Cvete Koneska, eastern Europe analyst at Control Risks, discusses whether Bulgaria's banking sector has deep problems.
Beat Wittmann, CEO of TCMG Asset Management, says he is "very bullish" on European bank stocks and adds that the sector will outperform.
Two other major French banks, Credit Agricole and Societe Generale, Germany's Deutsche Bank AG, and Citigroup Inc's Banamex unit in Mexico are among those being investigated for possible money laundering or sanctions violations, according to people familiar with the matter and public disclosures.
China is relaxing the rules used for calculating the amount of deposits that banks can re-lend as loans, in its latest move to stimulate growth.
NEW YORK/ WASHINGTON, June 30- French bank BNP Paribas on Monday pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve allegations it violated U.S. sanctions laws and enabled the activities of terrorists and humans rights abusers in Sudan and elsewhere.
Prosecutors said the company agreed to forfeit $8.9 billion for engaging in "long-term, multi-jurisdictional conspiracy" to violate sanctions laws.
WASHINGTON, June 30- The U.S. Supreme Court on Monday left intact a lower court ruling against Jordan- based Arab Bank Plc for failing to supply documents in lawsuits accusing it of providing services to groups the United States brands as terrorist organizations.
*Zimbabwe bad loans well above regional average. HARARE, June 30- Zimbabwe's central bank is considering establishing a body to take over local lenders' non-performing loans and make it easier for them to attract new capital, its governor said on Monday.
SOFIA, June 30- Bulgaria's banking crisis eased on Monday, with fewer depositors queuing to withdraw savings after politicians assured them that their cash was safe and the European Commission gave Sofia the green light to provide state aid to its lenders.
David Hauner of BofA Merrill Lynch Global Research comments on the bank runs in Bulgaria, and says they are likely related to the Ukraine/Russia crisis.
Trian Fund takes a position in Bank of NY Mellon, reports CNBC's Kate Kelly.
WASHINGTON, June 30- The U.S. Supreme Court on Monday left intact a lower court ruling that requires Jordan- based Arab Bank Plc to supply documents in lawsuits accusing it of providing services to groups the United States brands as terrorist organizations.
SOFIA, June 30- Bulgaria's banking crisis eased on Monday with fewer depositors queueing to withdraw savings after leading politicians assured them that their cash was safe and the European Commission gave Sofia the green light to provide state aid to its lenders.
LONDON, June 30- European shares edged lower in choppy trading on Monday, with easyJet leading the travel and leisure sector lower following a downgrade by a major investment bank and Banco Popolare putting pressure on the banking sector.
*Luxembourg to probe Espirito Santo holding firms. LONDON, June 30- Portuguese government bond yields rose on Monday because of uncertainty about the country's largest bank, whose shares plunged as Luxembourg justice authorities launched a probe into three of its holding companies.
*Sells 43.85 bln rupees of bonds in 3 weeks via online platform. MUMBAI, June 30- India's central bank has quietly switched to using an electronic bond trading platform to manage cash levels in the debt market, hoping a more discreet approach will have less impact on bond yields, two officials familiar with the trades told Reuters.
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