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  • COVENTRY, ENGLAND, Feb 13- Greece and the rest of the euro zone need to come to a political agreement over the country's debt crisis in order to stop the outflow of deposits from Greek banks, the European Central Bank's vice president said on Friday. Speaking at the Warwick Economics Conference, the ECB's Vitor Constancio said that the outflow of deposits from...

  • SAO PAULO, Feb 13- Brazilian President Dilma Rousseff's recent move to replace Caixa Economica Federal's chief executive is aimed at pushing the big state-controlled bank closer to an initial public offering but a flotation still faces serious obstacles. Beyond their objections, investor wariness about a company as vulnerable to government intervention...

  • COVENTRY, England Feb 13- ECB Vice President Vitor Constancio warned on Friday that ultra- low global interest rates had caused "froth" in some asset prices, and that more powers were needed to control the fast-growing, non-traditional or "shadow" banking sector. The combination of near-zero interest rates and aggressive central bank stimulus in many major...

  • LAGOS, Feb 13- Nigeria's central bank banned banks on Friday from reselling dollars bought at a currency auction to other banks, dealers said, a move aimed at curbing speculation in the beleaguered naira currency. The naira has crashed through the psychologically important level of 200 to the dollar this week in a rout triggered by weak oil prices and escalating...

  • The Drexel collapse, 25 years later Friday, 13 Feb 2015 | 10:15 AM ET
    Michael Milken 1989

    Drexel Burnham Lambert, the investment bank famous for the high-yield or "junk" bonds it pioneered, filed for bankruptcy on Feb. 13, 1990.

  • A legendary scandal: Where are they now? Friday, 13 Feb 2015 | 9:31 AM ET
    Michael Milken 1989

    Drexel collapsed 25 years ago, but alumni of the once powerful investment bank are now in some of Wall Street's most powerful posts.

  • Fears of financial chaos have seen savers taking their cash out of Greek banks- a movement banking sources said had been the reason for the European Central Bank offering more emergency funding for Greek banks on Thursday until after crunch talks among euro zone finance ministers on Monday. Greek markets rose strongly after new prime minister Alexis Tsipras,...

  • ATHENS, Feb 13- The European Central Bank allowed Greek banks access to extra emergency financing from the Bank of Greece because deposit outflows have picked up and to make sure they have liquidity while tense talks take place in Brussels next week, Greek banking sources said on Friday. The ECB on Thursday raised the cap on what Greek banks can get from the Bank of...



  • Bad workers? Fire them: Jamie Dimon Friday, 13 Feb 2015 | 8:27 AM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase, at the 2015 WEF in Davos, Switzerland.

    The JPMorgan Chase CEO criticized bad workers and D.C. politicians for slowing down the economy on Thursday.

  • KUALA LUMPUR, Feb 13- Malaysian state fund 1 MDB has settled in full a 2 billion ringgit loan it owed local banks, its executive director Arul Kanda said on Friday. The loan repayment should ease pressure on the ringgit and Malaysia's credit outlook. The loan was owed to the country's largest bank Malayan Banking Bhd, smaller lender RHB Capital Bhd and others.

  • UPDATE 1-Bank of England may look into HSBC tax case Friday, 13 Feb 2015 | 5:25 AM ET

    LONDON, Feb 13- The Bank of England may look into allegations that Europe's biggest bank HSBC helped clients to avoid paying tax, a top BoE official said on Friday. "The allegations around HSBC raise serious issues around HSBC's conduct," Jon Cunliffe, the BoE's deputy governor for financial stability, told BBC radio. The Bank of England's Prudential Regulation...

  • LAGOS, Feb 13- Trading on Nigeria's foreign exchange market will be delayed until after 10 a.m. on Friday to allow dealers to submit demand for dollars to the central bank, the head of the Financial Market Dealers Association said. The central bank will then inject dollars into the market in what FMDA president David Adepoju described as "a special forex auction".

  • BEIJING, Feb 13- New yuan loans issued in China more than doubled in January to surge to a 5-1/ 2- year high of 1.47 trillion yuan, trumping market expectations as the government ramped up efforts to avert a sharper economic slowdown. Total social financing, a broader measure of overall liquidity in the economy, also jumped 21 percent from December to 2.05 trillion...

  • Expect more cuts from Riksbank: Pro   Friday, 13 Feb 2015 | 4:30 AM ET
    Expect more cuts from Riksbank: Pro

    Have central banks lost their credibility? Thomas Harr, global head of FICC research at Danske Bank, weighs in, saying he expects Riksbank to cut rates again by 10 basis points.

  • BEIJING, Feb 13- China's economy extended 1.47 trillion yuan in new loans in January, beating analysts' expectations in a lending surge not seen since mid-2009. Outstanding loan growth stood at 13.9 percent, the People's Bank of China said. However, analysts cautioned about reading too much into economic indicators for January alone, given the strong seasonal...

  • BEIJING, Feb 13- China's total social financing, a broad measure of liquidity designed to also capture some lending outside of traditional banking, was 2.05 trillion yuan in January, the central bank said.

  • DIARY-Top Economic Events to Feb 26 Thursday, 12 Feb 2015 | 7:01 PM ET

    SAN ANTONIO, United States- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Reflections on 10 Years at the Fed" before a community luncheon sponsored by the Federal Reserve Bank of Dallas San Antonio branch- 1830 GMT. LONDON- European Central Bank executive board member Peter Praet to speak at AFME Conference- 1550 GMT. COVENTRY, England-...

  • LIMA, Feb 12- Peru's central bank left the benchmark interest rate unchanged at 3.25 percent on Thursday as the local sol currency trades around a nearly six-year low and economic growth remains slow. The bank had lowered the key rate by 25 basis points in January to encourage economic growth, in its third reduction since July. Central Bank President Julio...

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