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  • England's banks are 'un-investable'   Tuesday, 16 Dec 2014 | 4:00 AM ET
    England's banks are 'un-investable'

    The BoE stress tests demonstrate that banks aren't at risk of going bust, yet they are still "un-investable businesses" for clients says Max King, portfolio manager at Investec Asset Management.

  • FRANKFURT, Dec 16- Weaker oil prices could lead prices to contract over the next months in the euro zone's largest economy, but that would not justify broad-based sovereign bond purchases by the European Central Bank, the chief of Germany's Bundesbank said. Oil fell to just above $59 a barrel for the first time since May 2009 on Tuesday. Bundesbank head Jens...

  • FRANKFURT, Dec 16- Weaker oil prices could lead prices to contract over the next months in the euro zone's largest economy, but that would not justify broad-based sovereign bond purchases by the European Central Bank, the chief of Germany's Bundesbank said. Oil fell to just above $59 a barrel for the first time since May 2009 on Tuesday. Bundesbank head Jens...

  • Russia rout hits European shares Tuesday, 16 Dec 2014 | 5:00 AM ET

    *Stocks with strong exposure to Russia tumble. Shares in Austrian lender Raiffeisen Bank International, which relies heavily on Russia for profits, slid 5.3 percent to a record low, after Russia's central bank raised its key interest rate to 17 percent from 10.5 percent in an emergency move that failed to immediately halt the collapse in the rouble.

  • Still 'big issues' after BoE stress tests: Ex-MP   Tuesday, 16 Dec 2014 | 3:45 AM ET
    Still 'big issues' after BoE stress tests: Ex-MP

    John McFall, former chairman of the House of Commons Treasury Select Committee, says too big to fail is still an issue for British banks following the Bank of England's stress tests.

  • Co-op Bank fails Bank of England stress tests   Tuesday, 16 Dec 2014 | 2:30 AM ET
    Co-op Bank fails Bank of England stress tests

    Co-operative Bank has failed a key test of how it would perform in a financial crisis by the Bank of England. CNBC's Helia Ebrahimi discusses the results and what it means for Britain's banks.

  • MOSCOW, Dec 16- The Russian central bank said on Tuesday it had conducted $2.38 billion worth of forex market interventions on Dec. 12, a day after a one-percentage point hike in its main lending rate failed to break the rouble's fall.

  • MOSCOW, Dec 16- The Russian rouble firmed sharply on Tuesday after the central bank raised its key lending rate overnight by 650 basis points. At 0702 GMT, the rouble was up 9 percent against the dollar at 58.61 after the central bank raised its rate to 17 percent following the rouble's sharpest decline in 15 years on Monday. The rouble was 7.3 percent stronger...

  • Co-op Bank fails stress tests: Lloyds dividend threat Tuesday, 16 Dec 2014 | 8:05 AM ET

    Co-operative Bank has failed a key test of how it would perform in a financial crisis by the Bank of England.

  • WASHINGTON, Dec 15- When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve's board to have community banking experience. An earlier version of the legislation that cleared the Senate also contained the provision, suggesting it...

  • MOSCOW, Dec 16- The Russian central bank said it has decided to hike its key interest rate to 17 percent from 10.5 percent. "This decision is aimed at limiting substantially increased rouble depreciation risks and inflation risks," the central bank said in a statement. The decision is effective from Dec 16.

  • ROME, Dec 15- Italy's central bank chief called on Monday for the European Central Bank to begin large-scale bond purchases "rather quickly" if price pressures remain weak, adding that oil price falls would indeed push down inflation. Ignazio Visco, who sits on the ECB's Governing Council, made the comments as the policymakers consider printing money to buy...

  • NEW YORK, Dec 15- The U.S. dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy at the end of a two-day meeting on Wednesday, while risk aversion on lower oil prices underpinned the yen. "The market is setting up for a less-dovish-sounding FOMC this week," said Martin Schwerdtfeger, a foreign...

  • LONDON, Dec 15- Russia's rouble has tumbled to successive record lows against the dollar, shrugging off central bank interventions and interest rate rises, and paying heed to only one factor- the oil price. To defend the currency, Russia's central bank cranked up its main lending rate by 100 basis points last Thursday to 10.5 percent- the fifth increase so far this...

  • *Gold posted biggest weekly gain since October last week. LONDON, Dec 15- Gold fell 1 percent on Monday, after posting its biggest weekly gain in two months, as the dollar firmed before a Federal Reserve meeting that could provide clues on the timing of a possible interest rate rise by the U.S. central bank. Spot gold fell to a session low of $1,209.10 an ounce earlier...

  • ABU DHABI, Dec 15- A loan of up to $800 million to help Abu Dhabi- based entrepreneur B.R. Shetty acquire a majority stake in foreign exchange operator Travelex has been completed, two sources aware of the matter said on Monday. Three other banks-- Doha Bank, National Bank of Fujairah and Commercial Bank International-- joined the loan, the first source said.

  • JAKARTA/ SINGAPORE, Dec 15- The Indonesian rupiah tumbled to its lowest level since August 1998 on Monday as declining risk appetites and increasing demand for dollars to settle year-end foreign loan payments put pressure on the country's currency, bonds and shares. Bank Indonesia said that it was acting in both the foreign exchange and bond markets to help...

  • ECB TLTRO 'misguided', liquidity isn't the issue: Pro

    Roberto Henriques, head of financials credit research at JPMorgan, says European banks have a credit problem, not liquidity issues, and the European Central Bank's TLTRO program will not solve this.

  • HONG KONG, Dec 15- Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets. The first Chinese purchase of a European investment bank was announced this week, with Haitong Securities agreeing to pay 379 million euros for an investment...

  • HOUSTON, Dec 12- Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms. But I don't think anybody is going to be able to add on significantly more debt, "said Christian Ledoux, a senior portfolio manager at San Antonio-...

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