CNBC's Dominic Chu and Scott Wapner, discuss the outlook for the banks and if financials are ready make a big move.» Read More
*ECB cuts deposit rate to -0.10 pct, refi rate to 0.15 pct. *Draghi's news conference due to start at 1230 GMT. FRANKFURT, June 5- The European Central Bank cut interest rates to record lows on Thursday, imposing negative rates on its overnight depositors to cajole banks into lending more and to fight off the risk of Japan- like deflation.
FRANKFURT, June 5- Deutsche Bank priced its rights issue at a higher than expected 22.50 euros per share on Thursday, raising more capital than initially anticipated to fortify its regulatory ratios and fund a restructuring.
Deutsche Bank priced its 8.5 billion euro capital hike at 22.50 euros per share on Thursday, higher than forecast.
LONDON, June 5- Gold was trading above a four-month low on Thursday ahead of a European Central Bank meeting but looked vulnerable to more losses if the central bank meets expectations to cut rates, a move that could weaken the euro against the dollar.
June 5- Dutch bank ING aims to list its insurance arm in the next two months via a public share offer, it said on Thursday, the last major step it needs to take in its reformation since being bailed out by the Dutch state during the financial crisis.
FRANKFURT, June 5- The European Central Bank is poised to impose negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into Japan- like deflation.
*Euro drifting around $1.3600, near four-month trough. LONDON, June 5- The euro languished near four-month lows on Thursday as investors wait to see how aggressive the European Central Bank will be in loosening monetary policy to tackle the threat of disinflation.
David Marshall, Senior Analyst, Asia-Pacific Financials at CreditSights, says Chinese banks are "adequately capitalized" to meet capital requirements, but warns of future challenges to growth.
Erwin Sanft, MD and Head of China and Hong Kong Equity Research at Standard Chartered, says old economy sectors like banking and telecommunications are showing signs of stabilization.
FRANKFURT, June 5- Deutsche Bank's plans for an 8 billion euro capital hike came to an abrupt halt on Wednesday when a procedural bottleneck in a German court forced Germany's flagship lender to delay the issue by several days.
*Rate decision at 1145 GMT, news conference 1230 GMT. FRANKFURT, June 5- The European Central Bank is poised to impose negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into Japan- like deflation.
NEW YORK, June 4- U.S. Treasuries yields edged up on Wednesday as investors took profits from the recent rally, before Thursday's highly anticipated European Central Bank meeting. "A lot of the ECB has been priced in and you see some profit taking ahead of them," said Sean Murphy, a Treasuries trader at Societe Generale in New York.
Goldman Sachs CEO Lloyd Blankfein has no plans to step down.
NEW YORK/ WASHINGTON, June 4- The Federal Reserve may scrap elements of international measures aimed at assessing bank health in favor of imposing its own rules, frustrating bankers who have spent billions of dollars retooling their books to meet global standards.
NEW YORK, June 4- U.S. Treasuries were steady on Wednesday as investors took profits from the recent rally, before Thursday's highly anticipated European Central Bank meeting. "A lot of the ECB has been priced in and you see some profit taking ahead of them," said Sean Murphy, a Treasuries trader at Societe Generale in New York.
An appeals court ruled Judge Jed Rakoff abused discretion in rejecting a settlement between the SEC and Citigroup over mortgage backed securities, reports CNBC's Scott Cohn.
Stifel Financial said it would buy asset manager Legg Mason's investment advisory unit to expand its wealth management business.
Deutsche Bank will price its 8 billion euro capital hike on Wednesday at between 21 euros and 21.50 euros per share, sources told CNBC.
Under Basel, banks can determine how much debt they can take on by using their own models and computer systems to calculate how risky their assets are, among other methods. In other words, the Basel rules give banks a chance to monkey with their risk models to boost profit.
France warned of potential consequences for transatlantic trade talks if the US went ahead with a $10 billion-plus fine for BNP Paribas.
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