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  • FACTBOX-Development of China's yuan payment systems Tuesday, 8 Jul 2014 | 5:00 PM ET

    Below are key facts and a timeline concerning development of China's yuan payments system. NOVEMBER 2005- China's central bank announces the expansion of the yuan banking business in Hong Kong.

  • WASHINGTON, July 8- Federal Reserve Chair Janet Yellen will go before Congress next week to deliver the U.S. central bank's latest report on monetary policy, congressional officials said on Tuesday. Yellen will appear before the Senate Banking Committee at 10 a.m. EDT on July 15, the Senate committee said.

  • NEW YORK, July 8- A federal judge has denied Wells Fargo's latest bid to end a lawsuit brought by the Los Angeles city government accusing the bank of discriminatory lending that led to a wave of foreclosures among minority borrowers.

  • FED'S YELLEN TO TESTIFY ON MONETARY POLICY BEFORE SENATE BANKING COMMITTEE ON JULY 15, COMMITTEE SAYS.

  • FRANKFURT, July 8- U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. Deutsche Bank and Commerzbank declined to comment.

  • July 8- Deutsche Bank AG's head of corporate banking and securities for North America, Jeffrey Mayer, is leaving to join Cerberus Capital Management LP, Bloomberg said, citing two people briefed on the matter. Mayer's replacement may be internal or external, Bloomberg reported, citing two of the people with knowledge of situation.

  • SINGAPORE, July 8- Singapore sovereign investor Temasek Holdings wants to increase its holdings in China's financial services and technology sectors, banking on the long-term growth prospects of the world's second largest economy.

  • FRANKFURT, July 8- U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. Deutsche Bank and Commerzbank declined to comment.

  • Bank shares weighed on European equity indexes, compounding losses after a two-session drop, as Germany's largest lenders were said to be negotiating a settlement with U.S. authorities over their dealings with countries blacklisted by Washington following a huge fine for French lender BNP Paribas.

  • US bank scrutiny shifts to Commerzbank and Germany Tuesday, 8 Jul 2014 | 2:38 AM ET

    U.S. authorities have begun settlement talks with Commerzbank over its dealings with blacklisted countries, the New York Times reports.

  • Petar Chobanov, finance minister of Bulgaria, says that the government bond issue last month is proof that international investors still have confidence after a recent bank run in the country.

  • WASHINGTON, July 7- Republicans in the U.S. House of Representatives on Monday introduced a bill that would require the Federal Reserve to disclose more information, and set a hearing to discuss reform at the U.S. central bank.

  • WASHINGTON, July 7- Two U.S. congressmen introduced a bill on Monday aimed at adding further scrutiny to the actions of the Federal Reserve. Bill Huizenga, a Republican from Michigan, and New Jersey Republican Scott Garrett introduced H.R. 5018, the Federal Reserve Accountability and Transparency Act, according to a memo obtained by Reuters.

  • NEW YORK, July 7- The dollar weakened against the yen and the euro on Monday, in line with strengthening Treasuries, as investors continued to digest last week's strong U.S. employment report and speculated about when the Federal Reserve is likely to begin raising U.S. interest rates.

  • NEW YORK, June 27- Each month, 42- year-old Abdirizak Alibos shows up at a money transfer business in the heart of Minneapolis to send $500 to his three children in war-torn Somalia.

  • Puerto Rico electric authority in deal with lenders Monday, 7 Jul 2014 | 2:04 PM ET
    A general view of a power station of Puerto Rico Electric Power Authority, in San Juan, March 24, 2014.

    Under the agreement with the creditors, Puerto Rico Electric Power Authority may delay certain payments currently due until July 31.

  • WASHINGTON, July 7- Republicans in the U.S. House of Representatives, who have proposed bills to audit the Federal Reserve and to limit its policy mandate, on Monday set a hearing to discuss measures aimed at the U.S. central bank.

  • Erste Bank hopes 'ordeal' over after shares slump Monday, 7 Jul 2014 | 12:27 PM ET
    The building of the Erste bank headquarters is pictured in Budapest

    The market reaction to Erste Bank's announcement that it expects to book a net loss was "harsh" but "understandably so," CEO Andreas Treichl said.

  • FOREX-Dollar falls against yen, Fed minutes in focus Monday, 7 Jul 2014 | 12:23 PM ET

    NEW YORK, July 7- The dollar weakened on Monday against the Japanese yen as investors continued to digest last week's strong U.S. employment report and speculated about when the Federal Reserve is likely to begin raising U.S. interest rates.

  • Slovakia's banking industry is strong: Pro     Monday, 7 Jul 2014 | 11:40 AM ET

    Slovakia's banking industry is "pretty liquid", well-capitalized and has low levels of non-performing loans, says Jozef Sikela CEO of Slovakia's largest commercial bank, Slovenska Sporitelna.

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