The U.K. authorities have announced plans which could involve banks demanding the repayment of seven-year-old bonuses.» Read More
A top U.S. regulator gave a spirited defense of new rules forcing foreign banks to hold more capital in their U.S. units.
*Joins rival UniCredit in cleaning up balance sheet ahead of EU review. MILAN, March 28- Intesa Sanpaolo, Italy's biggest retail bank, posted a surprise net loss of 4.55 billion euros on Friday due to heavy writedowns on bad loans and impairments on some units, but said it was now on course to rebuild profits.
SHANGHAI, March 28- Hong Kong shares rose on Friday on the back of strong bank earnings, helping the benchmark index have its best weekly performance since mid-February. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong closed up 1.3 percent, contributing to its best weekly performance since the week ending Nov. 22.
Simon Maughan, head of product specialist group at OTAS Technologies, says Italian banks are cheap and could provide good returns in three to four years.
MILAN, March 28- Intesa Sanpaolo, Italy's biggest retail bank, posted a net loss of 4.55 billion euros on Friday, due to heavy writedowns on bad loans and impairments on some units, but said it was now on course to rebuild profits.
SHANGHAI/ HONG KONG, March 28- Hong Kong shares produced a solid gain early Friday, lifted by the financial sector on strong bank earnings, while mainland index edged up, held down by falls in tech stocks. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.6 percent.
HONG KONG, March 28- The U.S. "I personally doubt that the funds rate is going to start to increase before the middle of 2015," Chicago Federal Reserve Bank President Charles Evans told the Credit Suisse investment conference in Hong Kong.
KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy at an event hosted by Central Exchange- 1715 GMT. KRONBERG, Germany- Bundesbank President Jens Weidmann speaks at the spring meeting of the Market Economy Foundation in Kronberg on "Principles of the market economy in a currency union"- 1730 GMT.
NEW YORK, March 27- The dollar edged higher against the euro and the yen on Thursday after upbeat U.S. employment data, while the New Zealand dollar hit its highest in more than 2-1/ 2 years on economic data and hints the country's central bank could raise interest rates.
HONG KONG, March 27- The Federal Reserve, which has kept short-term U.S. interest rates near zero since late 2008, should start raising them early next year with the aim of returning them to normal by the end of 2016, a top Fed official told Reuters on Thursday.
The Fed said it rejected Citi's capital plan over worries about how it would fare in a financial crisis, but not everyone is sure that's the only reason.
LONDON, March 27- Spanish, Italian and Portuguese bond yields hit multi-year lows on Thursday, with speculation about further European Central Bank monetary policy easing prompting investors to seek the bigger returns offered by lower-rated assets.
It's three strikes, you're out, bank analyst Mike Mayo says of Citigroup CFO John Gerspach, a day after the bank flunked the Fed's "stress test."
LONDON/ MILAN, March 27- Eni is close to mandating a bank to sell a stake of up to 15 percent in its giant gas field in Mozambique which could raise as much as $5 billion for the Italian oil and gas major, banking sources said. Eni sold 20 percent of its Mozambique offshore gas acreage to Chinese oil company CNPC last year in a deal worth around $4.2 billion.
BANGALORE, March 27- The European Union's banking reforms will boost interbank business but won't end bailouts of failing lenders, economists polled by Reuters say.
Chris Kotowski, Oppenheimer & Co. senior research analyst, and Anna Krayn, Moody's Analytics director, discuss Citigroup's failure to get the Fed's approval to raise dividend payments and increase stock buybacks.
Citigroup is still "too big to fail" now that the Fed rejected its dividend and stock buyback plan, CNBC's Jim Cramer says.
March 27- No single data point will determine when the Federal Reserve finally tightens its policy, a top U.S. central banker said on Thursday, reinforcing the notion stressed by Chair Janet Yellen that a "wide range" of factors would be considered.
CNBC's Kayla Tausche reports on Ally Financial's IPO as the Treasury sells more than half its stake in the company.
Fed objects to capital plans of RBS, HSBC, Santander. The U.S. central bank started scrutinising foreign banks' emergency plans only this year but its tough verdict on RBS, HSBC and Santander- three of Europe's largest banks- as well as U.S. giant Citigroup throws down a gauntlet to the European Central Bank as it readies its own bank stress tests this year.
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