• *Canada class action suit also targets Mizuho. March 14- Mizuho Bank, one of Japan's largest lenders, has became ensnared in North American legal fallout from Mt. Lawsuits in the United States and Canada represent a new legal front- and a deep-pocketed defendant- in the battle over Mt.

  • SHANGHAI, March 15- China's central bank loosened its grip on the yuan on Saturday by doubling the daily trading range for the currency, adding teeth to a promise it would allow market forces to play a greater role in the economy and its markets.

  • *Last widening occurred in April 2012. SHANGHAI, March 15- China's central bank doubled the daily trading band for the yuan on Saturday, underscoring efforts to add more volatility and risk to the currency to make it more responsive to market forces.

  • March 14- A class-action lawsuit has been filed in Canada against Mt. Gox, the leading bitcoin exchange that lost more than $400 million of customers' digital currency, along with Mizuho Bank Ltd, one of Japan's largest lenders. The lawsuit, filed Friday in the Ontario Superior Court of Justice, comes just days after Mt.

  • *Iran wants economic sanctions lifted. LONDON/ ANKARA, March 13- Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalised under U.S. sanctions, bankers and government officials told Reuters.

  • FDIC sues 16 big banks     Friday, 14 Mar 2014 | 2:33 PM ET

    CNBC's Mary Thompson reports Bank of America, Citi Group, and JPMorgan Chase are among 16 big banks being sued by FDIC for manipulating the LIBOR benchmark interest rate.

  • Some bank ATMs run Windows XP and that's a problem Friday, 14 Mar 2014 | 12:18 PM ET

    Banks will face security fees for not updating Windows XP-run automated teller machines as Microsoft withdraws support for the software on April 8.

  • *Vimpelcom, Uralkali, Sibur among companies affected. Russian companies, including mobile phone operator VimpelCom and Uralkali, the world's top potash producer, are now facing potentially higher borrowing costs when lending resumes.

  • *Microsoft withdraws support for Windows XP on April 8. LONDON/ NEW YORK, March 14- Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines and face additional costs to Microsoft to keep them secure.

  • *Barclays has already announced 12,000 job cuts for group. March 13- Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said.

  • *Highest earner is investment bank chief Andrea Orcel. ZURICH, March 14- UBS hiked Chief Executive Sergio Ermotti's pay by more than a fifth in 2013, when the Swiss bank added probes into its metals trading and foreign exchange businesses to a long list of legal troubles.

  • MOSCOW, March 14- Russia's central bank on Friday kept lending rates on hold after raising them two weeks ago and said it would fight for financial stability after the standoff with the West over Crimea, which has sent the rouble and stocks tumbling.

  • WASHINGTON, March 14- U.S. producer prices fell in February, reinforcing the view that minimal inflation pressures could keep the Federal Reserve from raising interest rates for quite some time. The Labor Department said on Friday its seasonally adjusted producer price index for final demand dropped 0.1 percent last month.

  • Russian bank VEB needs recapitalizing: Report Friday, 14 Mar 2014 | 8:22 AM ET
    An elderly customer counts ruble currency banknotes at a supermarket in Moscow, Russia.

    VEB needs to be recapitalized to fund housebuilding projects, Russian Prime Minister Dmitry Medvedev said, according to a news agency.

  • MOSCOW, March 14- The Russian central bank kept its key lending rates unchanged at a regular meeting on Friday, after unexpectedly raising them two weeks ago when assets tumbled on President Vladimir Putin's declaration he had the right to invade Ukraine.

  • Russian central bank keeps rates on hold Friday, 14 Mar 2014 | 5:42 AM ET

    MOSCOW, March 14- The Russian central bank kept its key lending rates unchanged at a regular meeting on Friday, after unexpectedly raising them two weeks ago when assets tumbled on President Vladimir Putin's declaration he had the right to invade Ukraine.


  • MOSCOW, March 14- Hackers brought down the Russian central bank's website on Friday before a meeting on interest rates, the bank said. "The site of the central bank is experiencing problems due to a hacker attack," the Bank of Russia said in a statement.

  • SHANGHAI, March 14- China's yuan fell against the dollar on Friday after the central bank set a weaker midpoint, adding to increasingly bearish sentiment towards the currency after a recent central-bank engineered depreciation, traders said.

  • While transparency remains an issue, the scale of shadow banking in China is only a fraction of what is still present in the U.S. and Europe, says David Mann, Regional Head of Research, Asia at Standard Chartered Bank.

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