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  • LAGOS, Feb 12- Nigeria's central bank chief said on Thursday there was "no need to panic" about a slide in the currency, after figures showed the bank had been burning through more than $110 million a day in a vain attempt to defend it. The naira has crashed through the key level of 200 to the dollar this week in a rout sparked by weak oil prices and escalating tension over...

  • Even though Athens' leftist government failed to come to an agreement with its international creditors overnight, a copy of draft proposals spoke of "extending" its bailout agreement as a "bridge" to a new package. Meanwhile, the European Central Bank extended the amount of emergency liquidity assistance for Greek banks by 5 billion euros, on top of the 60 billion...

  • Riksbank Gov: We stand to do more   Thursday, 12 Feb 2015 | 11:10 AM ET
    Riksbank Gov: We stand to do more

    Riksbank has cut its key rate to negative levels. Stefan Ingves, governor of Riksbank discusses the decision, adding that they are "ready to do more" in terms of their policy measures.

  • What Riksbank should do next   Thursday, 12 Feb 2015 | 11:00 AM ET
    What Riksbank should do next

    Riksbank has cut its key rate to negative levels. Geoffrey Yu, FX strategist at UBS, agrees that Riksbank does have to do more and explains what they need to do.

  • Even though Athens' leftist government failed to come to an agreement with its international creditors overnight, a copy of draft proposals spoke of "extending" its bailout agreement as a "bridge" to a new package. Meanwhile, the European Central Bank extended the amount of emergency liquidity assistance for Greek banks by 5 billion euros, on top of the 60 billion...

  • LAGOS, Feb 12- Nigeria's central bank chief said on Thursday there was "no need to panic" over the slide of the currency, after figures showed the bank had spent over $110 million a day over nine recent trading sessions in a vain attempt to defend it. He said the bank's Monetary Policy Committee did not need to hold an emergency meeting, and ruled out a float of the...

  • CHICAGO, Feb 12- Farmland prices in the southern U.S. "It is very difficult for farmers to buy farmland and new equipment with corn prices in the $3.50 range," one Missouri lender told the bank. Louis Fed bank's district comprises all of Arkansas, most of Missouri, parts of southern Illinois and Indiana, western Kentucky and Tennessee, and northern Mississippi.

  • BRUSSELS/ FRANKFURT, Feb 12- The European Central Bank raised pressure on Greece on Thursday to extend a bailout deal with its international creditors as new leftist prime minister Alexis Tsipras told EU leaders austerity is killing his economy and they must find an alternative. Other leaders said it was up to Greece to respect budget discipline and economic...

  • LONDON, Feb 12- European Union efforts to curb risk taking by banks look set to be watered down as key member states such as Germany shield "universal" lenders from more onerous rules, EU documents seen by Reuters on Thursday showed. But countries such as Germany and France have dragged their feet after introducing their own national reforms, which may overlap with...

  • ROME, Feb 12- The Italian treasury will take a stake in the country's troubled lender, Monte dei Paschi di Siena, as the bank will pay a coupon on state loans in shares because it ended the year with a loss, a treasury source told Reuters. The bank increased the size of the rights issue from 2.5 billion euros to meet tough capital targets set by the European Central Bank...

  • Commerzbank CEO on US settlement   Thursday, 12 Feb 2015 | 7:35 AM ET
    Commerzbank CEO on US settlement

    Martin Blessing, CEO of Commerzbank, says it is going to settle "as soon as possible" with U.S. regulators.

  • Commerzbank CEO: Reducing risk in Russia   Thursday, 12 Feb 2015 | 7:35 AM ET
    Commerzbank CEO: Reducing risk in Russia

    Martin Blessing, CEO of Commerzbank, says the bank is looking to reduce its risk in Russia

  • Commerzbank CEO is 'prepared' for Grexit   Thursday, 12 Feb 2015 | 7:30 AM ET
    Commerzbank CEO is 'prepared' for Grexit

    Discussing a potential Greek exit from the euro zone, Martin Blessing, CEO of Commerzbank, says he's been prepared for a "Grexit" scenario since 2012.

  • Commerzbank CEO 'sceptical' on QE   Thursday, 12 Feb 2015 | 7:30 AM ET
    Commerzbank CEO 'sceptical' on QE

    Discussing the recent introduction of quantitative easing by the ECB, Martin Blessing, CEO of Commerzbank, says he is "a little bit sceptical" about the program.

  • ZURICH, Feb 12- Board members of Credit Suisse are taking a 25 percent pay cut and bonuses for top staff are being slashed after a hefty fine from U.S. authorities, the bank said as it also set out a range of measures to tackle the surge in the Swiss franc. Shares in the Zurich- based lender surged more than 9 percent but remained well below their level before the Swiss...

  • LONDON, Feb 12- The Swedish crown dived to a six-year low and local stocks hit record highs on Thursday after Sweden's central bank unexpectedly launched a quantitative easing programme and cut its main repo rate into negative territory. In the battle against deflation, the European Central Bank has already taken its interest rates to negative and will launch...

  • LONDON, Feb 12- "Excessive oil and gas loan concentrations have been a key factor in the failure of some banks during periods of steep price declines," the Office of the Comptroller of the Currency notes with bureaucratic understatement in its handbook for U.S. bank examiners. The agency supervised the infamous Penn Square Bank in Oklahoma City, which was declared...

  • Credit Suisse on the Swiss franc effect   Thursday, 12 Feb 2015 | 2:00 AM ET
    Credit Suisse on the Swiss franc effect

    Brady Dougan, CEO of Credit Suisse, says the company will take a hit from the Swiss National Bank's move to end the Swiss franc's euro peg, but will be able to mitigate this.

  • HONG KONG, Feb 12- Regulators and banks in Hong Kong are acting to meet increasing demand for the yuan currency and to deal with elevated interbank lending rates ahead of China's Lunar New Year holiday starting next week. This tightness is mainly caused by the repatriation of yuan back to China under schemes such as Shanghai- Hong Kong stock connect.

  • 2015 will be difficult in Russia: SocGen   Thursday, 12 Feb 2015 | 1:05 AM ET
    2015 will be difficult in Russia: SocGen

    Frederic Oudea, CEO of Societe Generale, says Russia was a "positive contribution" to the bank's balance sheet in 2014, but this year will be more difficult.

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