CNBC's Michelle Caruso-Cabrera reports on Europe's check on the quality of banks in Europe.» Read More
The U.S. Export-Import Bank has suspended or removed four officials amid allegations of improper gifts and kickbacks. CNBC's Eamon Javers explains exactly how the Ex-Im Bank works.
*BoE's Carney emphasises slack in economy, despite upturn. LONDON, June 24- Bank of England Governor Mark Carney pushed back slightly on Tuesday against expectations that the bank will raise interest rates before the end of the year, saying Britain's economy still has plenty of slack to work through.
WASHINGTON, June 24- The U.S. economy is approaching the Fed's economic targets faster than expected and might push the central bank to accelerate plans to increase interest rates, Philadelphia Federal Reserve Bank President Charles Plosser said on Tuesday.
Kevin McCarthy seems eager to make his bones with the hard right by killing the Export-Import Bank of the United States.
NEW YORK- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook and monetary policy before the Economic Club of New York- 1205 GMT.
Scotland could become a financial hub to rival Frankfurt and also double its wealth over the next 25 years, a new report claimed.
*Bulgaria may prop up Corpbank group after bank run. SOFIA, June 23- Bulgaria will nationalise Corporate Commercial Bank by July 21 if shareholders fail to provide the country's fourth-largest lender with the funding it needs after a run on deposits, the finance minister said on Monday.
*Bulgaria may prop up Corpbank group after bank run. SOFIA, June 23- Bulgaria will nationalize Corporate Commercial Bank by July 21 if shareholders fail to provide the country's fourth-largest lender with the funding it needs after a run on deposits, the finance minister said on Monday.
Bank of America will announce it will lower the threshold for consumers who qualify for discounts on loans and other benefits.
SOFIA, June 23- Bulgaria will nationalise Corporate Commercial Bank by July 21 if talks with shareholders to support the country's fourth-largest lender fail, the finance minister said on Monday.
*To buy GE Money Bank for 700 million euros. MADRID, June 23- Spain's Santander is buying GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for 700 million euros in its latest move to diversify away from its struggling domestic market.
SOFIA, June 23- Bulgaria will nationalize the Corporate Commercial Bank if talks with existing shareholders to support the lender fail, the finance minister said in a statement on Monday.
French bank likely to pay $8-$9 billion as part of a settlement with U.S., a person familiar with the matter tells news wires.
"There are so many NPLs in China, there's a lot of room for information asymmetry, where assets get written off that actually have some value," said Benjamin Fanger, founder of Shoreline Capital, a Guangdong- based firm specialising in distressed debt investment in China since 2004..
Europe's banks are under siege from digital disruption, according to a report out on Monday.
After an investigation banks and trading houses are aware of the risks of storing commodities in China's warehouse sector.
NEW YORK, June 22- Bank of America Corp will announce on Monday it will lower the threshold for consumers who qualify for discounts on loans and other benefits as the No. 2 U.S. bank seeks to win more business from existing customers.
*China's CITIC Resources says unable to secure some metal. SYDNEY/ SHANGHAI June 23- Shaken by a fraud investigation into metal financing in the world's seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China's sprawling warehouse sector.
*Crisis hits Bulgaria ahead of bond road show. SOFIA, June 22- Bulgaria is ready to rescue Corporate Commercial Bank by injecting capital and enforcing losses on shareholders, the central bank said on Sunday, after a run on the country's No. 4 lender prompted the central bank to take it over on Friday.
TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the second 2014 Keizai Doyukai Members Meeting in Tokyo- 0600 GMT. FRANKFURT- ECB Vice President Vitor Constancio will hold a keynote speech at Concluding conference of the ESCB's Macro-prudential Research Network organized by the European Central Bank in Frankfurt- 0700 GMT.
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