Eric Schneiderman defended a controversial lawsuit against the British bank Barclays and opposed its motion to dismiss the case.» Read More
LONDON, May 27- Progress in completing banking reforms to plug gaps highlighted by the 2007-09 financial crisis is too slow and is being hampered by fierce industry lobbying, the International Monetary Fund said on Tuesday.
HONG KONG, May 27- The index for Hong Kong listings of China companies on Tuesday had its biggest loss since May 9, pulled down by weaker Chinese bank stocks. The Hang Seng Index closed down 0.1 percent at 22,944.30 points.
MOSCOW, May 27- Russia's second largest bank VTB reported a 98 percent fall in net profit in the first quarter, far below analysts' forecasts, due to higher loan loss provisions following a deterioration in the Ukrainian and Russian economies.
LONDON, May 27- Lloyds Banking Group expects to float about 25 percent of its TSB business on the London Stock Exchange next month, with the remainder to be sold before the end of 2015, the bank said on Tuesday.
May 27- In an escalation of China's dispute with the U.S. over spying claims, the Chinese government is pushing domestic banks to remove high-end servers made by International Business Machines Corp and replace them with a local brand, Bloomberg reported, citing people familiar with the matter.
The Bank of Japan has begun shifting its focus from supporting growth to ways of phasing out its massive stimulus.
TOKYO, May 27- The Bank of Japan has begun shifting its focus from supporting growth to ways of phasing out its massive stimulus, taking first tentative steps towards a potentially momentous move for the world economy.
*Central Bank says ready to act to minimise volatility. NAIROBI, May 26- Kenya's central bank has signalled its intent to defend the ailing shilling by selling dollars and says it has deep enough foreign reserves to cushion the currency against shocks.
NAIROBI, May 26- Equity Bank of Kenya plans to launch a mobile telecoms service in July, eyeing a piece of the fast-growing cellphone-based financial services market, it said on Monday.
HONG KONG, May 26- China's yuan slipped on Monday after its central bank fixed the daily trading midpoint against the dollar at its weakest level since September in a sign that it would continue to keep a strict vigil on any speculative capital inflows.
PARIS, May 23- Central banks need to cooperate to avoid a currency war, European Central Bank policymaker Benoit Coeure said on Friday, and the ECB should take account of the euro's exchange rate in its monetary policy deliberations.
PARIS, May 23- The European Central Bank should take account of the euro's exchange rate in its monetary policy deliberations, ECB policymaker Benoit Coeure said on Friday, adding that central banks need to cooperate to avoid a currency war.
The Financial Conduct Authority said former trader Daniel James Plunkett "exploited the weaknesses in Barclays' systems and controls."
HONG KONG/ KABUL, May 23- A move by some Chinese commercial lenders to stop doing dollar business with most Afghan banks is connected to Beijing's concern over recent unrest in China's western Xinjiang region, two senior Chinese banking sources said on Friday.
How do you make big banks safer? Here's an idea: Pay executives in long-term bonds.
Russia's major state banks have said they could suffer from the Ukraine crisis and need capital to increase lending. Russia's second-largest bank, VTB, said on Friday it would have to make higher loan provisions as a result of the Ukraine crisis and this would have an impact on the lender's first-quarter profit.
May 23- Patterns of bank transactions relating to Russian Railways described in a Reuters investigation show signs of so-called suspicious banking activity, according to Russian and U.S. financial investigators and consultants.
*Blow for Barclays' efforts to put past sins behind it. LONDON, May 23- Barclays Plc has been fined 26 million pounds for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012.. It marks another blow to Barclays' attempts to put past problems behind it.
PARIS, May 23- The French central bank said on Friday it was closely monitoring risks related to a U.S. probe of BNP Paribas which may cost France's biggest listed bank a multi-billion dollar fine and its reputation in one its growth markets.
*Blow for Barclays' efforts to put past sins behind it. LONDON, May 23- Barclays Plc has been fined 26 million pounds for failures in internal controls that allowed a trader to manipulate the setting of gold prices just a day after the bank was fined for rigging Libor interest rates in 2012.. It marks another blow to Barclays' attempts to put past problems behind it.
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