Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.» Read More
*U.S. House passes bill for $633 bln in defense spending. NEW YORK, Dec 13- U.S. stock index futures edged higher on Friday, rebounding after a three-day decline on Wall Street, though market participants remained cautious ahead of a Federal Reserve policy meeting next week.
LONDON, Dec 13- Bankers in the European Union earning over 500,000 euros a year could be excluded from a cap on their bonuses if they are not major risk takers, according to a revised rule from the bloc's banking watchdog on Friday.
*Bank repayments to ECB rise to 22.65 bln euros. FRANKFURT, Dec 13- Banks will return a massive 22.65 billion euros of crisis loans early to the European Central Bank next week, the ECB said on Friday, putting pressure on money-market rates and on the ECB to ease its policy.
FRANKFURT, Dec 13- Banks will return a blockbuster 22.65 billion euros of crisis loans early to the European Central Bank next week, the ECB said on Friday, as they get into shape for an upcoming balance sheet review.
*Basel sticks with punitive 1,250 pct risk weighting. LONDON, Dec 13- Banks will have to hold more capital to cover investments in some "shadow banks", such as hedge funds and private equity, from January 2017, global regulators said on Friday.
MOSCOW, Dec 13- Sberbank, Russia's largest bank, sees no threat to its business from the political upheaval in Ukraine for now and will be able to absorb losses there thanks to its strong capital base, Chief Executive German Gref told Reuters.
Carl Weinberg, chief economist at High Frequency Economics, says there will be no "happy ending" in Europe unless the banking sector is made stronger.
HONG KONG, Dec 13- Hong Kong shares trimmed weekly losses on Friday, with the Chinese banking sector leading a tepid rebound after it was hit this week by worries Beijing would lower 2014 growth targets and signs of quicker interest rate liberalisation. The Hang Seng Index, which closed on Thursday at its lowest since Nov. 18, ended up 0.1 percent at 23,246 points.
Documents have been demanded from Deutsche Bank as part of an investigation into manipulation of commodity prices. The FT reports.
LONDON, Dec 13- People using Bitcoins are on their own when it comes to losses, the European Union's banking watchdog said on Friday in a formal warning to consumers on the risks of using unregulated online currencies.
TORONTO, Dec 12- Bank of Nova Scotia's new chief executive, Brian Porter, said the lender will not follow the lead of competitors that have sought to expand their retail banks through U.S. acquisitions, but will instead push to grow within its current Canadian, Latin American and Asian footprint. "Are we going to make a acquisition on the retail side?
Frank McGhee, Integrated Brokerage Services, says he is a "long term bull," but gold will continue to be under pressure. Scott Wren, Wells Fargo Advisors, weighs in.
MONTREAL, Dec 12- The Bank of Canada is more worried about the downside risks to inflation than the upside ones, Bank of Canada Governor Stephen Poloz said on Thursday, but gave no indication what the next move on interest rates would be. The central bank has held its key overnight rate at a near-record low of 1 percent since September 2010.
*Market pricing in less than 15 pct risk of senior bail-in. *Contagion effects hugely underestimated- analysts. LONDON, Dec 12- European Union plans to force bond investors take their share of losses in failing banks by 2016 could risk undermining appetite for bank debt and make it more difficult for weaker lenders to fund themselves, credit market experts said.
The idea of a cashless society could be one of the greatest threats to freedom in human history, said Signature Bank chairman Scott Shay.
REYKJAVIK, Dec 12- An Icelandic court sentenced four former Kaupthing bankers to jail on Thursday for market abuses related to a large stake taken in the bank by a Qatari sheikh just before it went under in late 2008..
*Hilton Worldwide shares open 6.5 pct above IPO price. NEW YORK, Dec 12- U.S. stocks fell for a third day on Thursday amid uncertainty over how soon the Federal Reserve will trim its market-friendly stimulus program.
BELGRADE, Dec 12- Charging banks for depositing money is one potential tool the European Central Bank could use to encourage banks to put their money to more productive use, ECB Executive Board member Joerg Asmussen said on Thursday. The central bank should be cautious before embarking on that course, he said.
NEW YORK, Dec 12- U.S. stocks could see their first major pullback in months when the Federal Reserve scales back its economic stimulus early next year but a Reuters poll found shares will still end 2014 up 8 percent from current levels. The U.S. central bank has been buying $85 billion in bonds per month to prop up the economy.
Tom Naratil, UBS CFO, explains how the Federal approval of the Volcker Rule is likely to impact the financial sector. Naratil says his company actually adopted some of the changes a few years early.
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