• Colorado approves first marijuana banking system Thursday, 8 May 2014 | 10:12 AM ET
    Rep. Jonathan Singer, D-Longmont, listens to discussion on a bill he sponsored which would allow marijuana dispensaries to form financial co-operatives, at the Colorado Legislature, in Denver, Wednesday May 7, 2014.

    Colorado lawmakers approved the first financial system for the marijuana industry, a network of uninsured cooperatives that allow banking services.

  • Fed needs to stop meddling: Michael Farr Thursday, 8 May 2014 | 10:04 AM ET
    Janet Yellen, chair of the Federal Reserve, speaks at The Economic Club of New York on April 16, 2014.

    The Fed's unwillingness to extricate itself from the markets is a very worrisome trend, says Michael Farr.

  • *ECB keeps main interest rate unchanged at 0.25 pct. BRUSSELS, May 8- The European Central Bank is ready to take action next month to boost the euro zone economy if price inflation forecasts warrant it, its president said on Thursday, cautioning countries against pressuring the bank into action.

  • *IMF says deposits, credit highly concentrated in Qatar. His remarks come after the International Monetary Fund warned in February that both credit and deposits were highly concentrated in Qatar, and that the authorities should carefully monitor vulnerabilities in the banking system.

  • BRUSSELS, May 8- Euro zone banks are adapting to lower levels of extra cash in the financial system without the help of the European Central Bank, its president said on Thursday. Banks are repaying the loans they took from the ECB during the euro zone crisis, draining extra cash out of the system they no longer need.

  • *Separatists ignore Putin calls to postpone Ukraine secession vote. LONDON, May 8- The euro was back at a two-month high on Thursday as the European Central Bank resisted calls for a rate cut to cool the currency.

  • Some investors bet on return to reverse mortgages Thursday, 8 May 2014 | 6:25 AM ET

    A reverse mortgage start-up has raised about $230 million in a private offering, which sets the stage for a potential initial public offering.

  • *Second reserve requirement hike to mop up $1.4 bln from market. *BSP raises 2014, 2015 inflation forecasts. MANILA, May 8- The Philippine central bank kept its benchmark rate steady on Thursday but raised banks' reserve requirements for the second straight meeting, as expected, amid concerns that persistently high liquidity could stoke inflation.

  • *Tom King to lead smaller investment bank. LONDON, May 8- Britain's Barclays reined in its ambitions to be a Wall Street powerhouse on Thursday and signalled a return to its retail banking roots with a plan to hive off much of its investment bank and axe one in four jobs at the division.

  • *Putin urges separatists to postpone Ukraine secession vote. LONDON, May 8- Expectations the European Central Bank will keep its policy powder dry for another month at least kept the euro near a two-month high on Thursday, as soothing talk from the head of the Federal Reserve lifted shares and bonds.

  • DENVER, May 7- The Colorado legislature on Wednesday voted to create the nation's first state-run financial cooperative for marijuana sellers, with the aim of giving newly legalized cannabis retail outlets access to key banking services through the U.S.

  • StanChart profit down on currency weakness Thursday, 8 May 2014 | 1:37 AM ET

    Standard Chartered said its first-quarter profit fell by a high single-digit percentage compared with last year thanks to tough market conditions.

  • DENVER, May 7- The Colorado legislature on Wednesday voted to create the nation's first state-run financial cooperative for marijuana sellers, with the aim of giving newly legalized cannabis retail outlets access to key banking services through the U.S.

  • *Chinese& Australian data seen driving sentiment in Asia. SYDNEY, May 8- The euro stepped back from a near two-month high against the dollar early on Thursday ahead of an interest rate review by the European Central Bank, while the greenback found a steadier footing after this week's surprisingly large pullback.

  • NAB core earnings disappointed: Morningstar     Wednesday, 7 May 2014 | 6:50 PM ET

    David Ellis, Head of Australian Banking Research at Morningstar, says while National Australia Bank's headline results were good, underlying performance remained weak.

  • DENVER, May 7- The Colorado state Senate passed a bill on Wednesday to create the nation's first state-run marijuana financial cooperative, with the ultimate aim of opening newly legalized cannabis retail outlets to key banking services through the Federal Reserve.

  • *Offer priced at 2- 2.6 euros a share- sources. ATHENS/ LONDON, May 7- The National Bank of Greece has set the price range for a share placement worth up to 2.5 billion euros, which bankers said was the latest deal by a Greek lender to see strong demand from investors.

  • Yellen cites housing, geo-political risk to U.S. economy Wednesday, 7 May 2014 | 10:00 AM ET

    WASHINGTON, May 7- Federal Reserve Chair Janet Yellen said the central bank will continue to provide a high degree of monetary policy accommodation, and cited geo-political turmoil and weak housing data as risks to the U.S. economy.

  • Barclays update: Don’t expect a ‘magic wand’ Wednesday, 7 May 2014 | 12:09 PM ET

    Despite Barclays' disappointing results this week, analysts are not expecting any great changes when it reveals its strategy update this Thursday.

  • Discount stock picks: Pro     Wednesday, 7 May 2014 | 8:46 AM ET

    John Rogers, Ariel Investments chairman & CEO, shares his top three bargain plays.

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