Eric Schneiderman defended a controversial lawsuit against the British bank Barclays and opposed its motion to dismiss the case.» Read More
Emerging markets experts at Deutsche Bank, JPMorgan and Morgan Stanley are bearish on investing in Brazil regardless of the World Cup.
LYNCHBURG, Va., June 26- The U.S. jobless rate is likely giving an accurate read on the amount of slack in the labor market, with an unusually high level of long-term unemployment reflecting those who lack skills needed to find work, a top Federal Reserve official said on Thursday.
LONDON, June 26- The Bank of England imposed its first limits on how much most people can borrow to buy a home on Thursday, in a bid to stem increasing levels of debt and rapidly rising house prices.
SHANGHAI/ HONG KONG/ SYDNEY, June 26- A warehouse fraud at China's third-largest port has forced banks and trading houses to consider new controls in the country's massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.
New York's AG says individual investors thought they were diving into "safe waters" when investing with Barclays, but those waters were "full of predators."
Lynchburg, Va., June 26- U.S. labor market data since 2008 reflects structural trends rather cyclical changes, a Federal Reserve official said on Thursday, adding that there seems to be no more slack now than is usually associated with current unemployment levels.
BRASILIA, June 26- Brazil's central bank cut its economic growth forecast for 2014 and expects inflation to subside after a temporary peak this year, reinforcing expectations that policymakers will keep interest rates steady for some time.
Standard Chartered said its profits would fall by about 20 percent in the first half of this year from a year ago.
Cole Smead, managing director at Smead Capital Management, discusses U.S. banks' capital position after the Federal Reserve announced that its stress tests would be tougher.
*Easier monetary policy from China central bank seen driving regional stocks. BANGALORE, June 26- Shares in Shanghai, Hong Kong and South Korea are expected to rally over the next six months on expectations that China's central bank will ease policy, boosting both its economy and that of the region, a Reuters poll showed.
The search for missing Malaysia Airlines Flight MH370 will shift south along a narrow arc identified as the most likely resting place of the plane.
TOKYO, June 26- Japan's Nikkei rose marginally on Thursday, crawling back from a one-week low as weak U.S. gross domestic product data supported by views that the U.S. Federal Reserve will keep interest rates low for longer. Rakuten Inc soared on a report it is preparing to enter the low-cost carrier business.
Barclays pulled a bond offering after it emerged that the New York attorney general was preparing to sue the UK bank for securities fraud.
WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard speaks in New York on "Monetary policy and Income inequality" at the Charles Peter McColough Roundtable Series on International Economics. LONDON- Bank of England publishes half-yearly Financial Stability Report and Governor Mark Carney holds news conference- 0930 GMT.
China shadow banks have lower lending rates than traditional banks, China Beige Book data show, but it may not signal a hiccup in efforts to curb the sector.
The Fed and the SEC also brought civil charges against three former managers at the company's Regions Bank unit: Thomas Neely Jr, once a senior commercial credit executive; Jeffrey Kuehr, who led a problem loan workout department; and Michael Willoughby, who was chief credit officer.
France and Switzerland agreed to cooperate to crack down on citizens with hidden Swiss bank accounts to root out tax dodgers and cheats.
NEW YORK, June 25- The U.S. dollar slid to a one-month low against a basket of major currencies on Wednesday after weak U.S. gross domestic product and durable goods orders data signalled the likelihood of a continued dovish stance from the Federal Reserve.
New York AG Eric Schneiderman will file a securities fraud lawsuit against Barclays for its use of "dark pools" on Wednesday.
This year it rejected plans by Citigroup to buy back $6.4 billion of shares and boost dividends, and also objected to plans from the U.S. units of three European banks: HSBC, RBS and Santander.
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