Lawmakers go after Goldman Sachs, accusing it of manipulating the prices of aluminum.» Read More
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.
BOGOTA, June 20- Colombia's central bank on Friday raised its benchmark lending rate by 25 basis points for the third straight month, an increase aimed at containing a recent rise in still-low inflation after a surge in first-quarter economic growth.
BUCHAREST, June 20- Bulgaria's financial regulator has ordered the stock exchange to suspend trading of Corporate Commercial Bank from Monday to Wednesday next week in order to protect investors and stabilise the market, it said in a statement on Friday.
BULGARIA FINANCIAL REGULATOR ORDERS STOCK EXCHANGE TO SUSPEND TRADING OF CORPORATE COMMERCIAL BANK FROM MONDAY-WEDNESDAY.
BULGARIA GOVERNMENT SAYS FIRMLY SUPPORTS CENTRAL BANK STEPS TO STABILIZE CORPORATE COMMERCIAL BANK.
KAMPALA, June 20- Uganda's central bank expects to ease monetary policy further and the government's plan to reduce public borrowing in the next fiscal year should keep a lid on government debt yields, a senior bank official told Reuters.
SOFIA, June 20- A run on Corporate Commercial Bank prompted Bulgaria's central bank to take control of the country's fourth-largest lender on Friday and its governor begged depositors to stay calm, saying: "Let's not tear down our house."
Ben White Politico chief economics correspondent, explains why the Chinese are fed-up with the U.S. after returning from a recent trip there.
SOFIA, June 20- Adverse media reports triggered a run on Bulgaria's Corporate Commercial Bank this week, the central bank governor said on Friday, appealing to depositors at the country's fourth-largest lender to keep calm.
BRUSSELS, June 20- A European Central Bank policy maker has floated the idea of widening the ECB's new policing of big banks to other financial players, providing a rare glimpse of its ambition to extend the reach of banking union.