The SEC said it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis.» Read More
YANCHENG, China, March 26- Rural banks in China's eastern city of Yancheng stacked piles of cash in plain view behind teller windows to calm depositors queueing at bank branches for a third straight day on Wednesday following rumours that they had run out of cash.
Britain will sell a further 7.5 percent stake in Lloyds Banking Group, worth about 4.2 billion pounds ($6.9 billion).
MOSCOW, March 26- Russia's central bank revoked the licences of three small banks on Wednesday, pressing its crackdown on money laundering and risky operations in the sector. Russia has more than 900, mostly small, banks, and many are suspected of servicing the shadow economy.
BEIJING, March 26- Some of China's struggling firms are finally getting the reception that regulators have been hoping for-- a cold shoulder from banks in the form of smaller and costlier loans.
YANCHENG, China, March 26- A Chinese county official appealed for calm among bank depositors in the eastern city of Yancheng on Wednesday as queues formed for a third straight day outside the branches of two small banks rumoured to be in financial trouble.
NEW YORK/ SAN FRANCISCO, March 25- Top Federal Reserve officials rushed on Tuesday to clarify just when the U.S. central bank would finally tighten monetary policy after comments last week from Fed Chair Janet Yellen intensified a guessing game among investors.
ATLANTA, March 25- The U.S. "think that it's going to be longer than that," Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, told an investment conference. Lockhart was commenting on a statement by Fed Chair Janet Yellen last week that a considerable time meant around six months.
ATLANTA, March 25- A strengthening economy could push the U.S. Federal Reserve to raise interest rates by the second half of next year, a top Fed official said on Tuesday. "That still is my view," Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, told an investment conference.
NEW YORK, March 25- A landmark study by Federal Reserve economists found that large U.S. banks enjoy a "too-big-to-fail" advantage in financial markets, joining a heated debate that could influence regulators that are implementing tough new rules for Wall Street.
Janet Yellen, in her first Federal Open Market Committee press conference since taking over as chair, surprised investors last week by suggesting that rates can be expected to rise six months after the taper is completed and QE is done.
*Carlyle picks up finance veteran as its profit rises. NEW YORK, March 25- Private equity firm Carlyle Group LP poached one of Jamie Dimon's closest aides, Michael Cavanagh, from JPMorgan Chase& Co on Tuesday, in a surprise hire that reflects both the increasing prominence of so-called shadow banking and the regulatory challenges faced by banks.
FRANKFURT, March 25- The European Central Bank could buy loans and other assets from banks to help support the euro zone economy, Germany's Bundesbank said, marking a radical softening of its stance on the contested policy.
*Credit Suisse has end-2014 target of 3,600 for EuroSTOXX50. LONDON, March 25- European shares rebounded on Tuesday, anticipating of stimulus measures from the European Central Bank and the Chinese central bank to help their economies fight off any slowdown.
*HSBC to review Bank of Cyprus restructuring options. *Bank of Cyprus looks at bonds to repay c. bank funds. NICOSIA, March 25- Bailed-out Bank of Cyprus is reviewing its restructuring plans in a move that could result in billions of euros of its troubled assets being put into a "bad bank", chief executive John Hourican said.
ESTIMATED FUNDING ADVANTAGE FOR THE FIVE LARGEST BANKS OVER SMALLER PEERS IS ABOUT 0.31 PERCENT- NEW YORK FED RESEARCH.
NEW YORK, March 25- A landmark study by Federal Reserve economists found that large U.S. banks enjoy a "too-big-to-fail" advantage in financial markets, confirming the suspicions of many Wall Street critics more than five years after the financial crisis.
LONDON, March 25- European banks such as Societe Generale, Credit Agricole and Unicredit will likely have to pay investors a higher return to buy the risky bonds that banks use to strengthen their balance sheets after the crisis in Ukraine forces a rethink about the potential dangers from such investments.
*Credit Suisse has end-2014 target of 3,600 for EuroSTOXX50. LONDON, March 25- European shares rebounded on Tuesday, lifted by expectations of stimulus measures from the European Central Bank and the Chinese central bank to help their economies fight off any slowdown.
FRANKFURT, March 25- The European Central Bank could buy loans and other assets from banks to help support the euro zone economy, Germany's Bundesbank has said, marking a radical softening of its stance on the contested policy.
LONDON, March 25- Gold fell to its lowest in more than five weeks on Tuesday, as the dollar edged higher on after a top Federal Reserve official reinforced the likelihood of higher U.S. interest rates in the first half of 2015..
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