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  • *U.S. nonfarm payrolls forecast rising 240,000 in February. WASHINGTON, March 6- U.S. employment likely rose strongly in February with the jobless rate slipping, signs that could encourage the Federal Reserve to consider hiking interest rates in June. "The jobs picture remains extraordinary healthy," said Jacob Oubina, an economist at RBC Capital Markets in New...

  • HONOLULU, March 5- Federal Reserve policymakers should not wait too long to raise interest rates, a top U.S. central banker said on Thursday, because doing so could mean "drastically" overshooting on inflation and forcing the Fed to hike rates dramatically. "I think that by mid-year it will be the time to have a serious discussion about starting to raise rates," San...

  • TOKYO, March 6- Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital- aid which would come on top of plans to tap its two main lenders for a second major bailout, the Nikkei business daily reported. Hit by a supply glut of smartphone screens in China and fierce competition from rival Japan Display Inc that...

  • Time for independent financial firms to shine? Thursday, 5 Mar 2015 | 6:38 PM ET
    Time for independent financial firms to shine?

    Ralph Schlosstein, president and CEO of Evercore, says big lenders are trimming staffing levels because independent firms are gaining market share. He also discusses the firm's ambitions in Asia.

  • 5 big bank trades on strong stress test marks Thursday, 5 Mar 2015 | 7:03 PM ET
    Bank of America

    All 31 tested banks got good marks in the Fed's annual test, but some stocks will pop more than others, "Fast Money" traders said.

  • TOKYO, March 6- Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen to help with the loss-making electronics maker's restructuring, the Nikkei business daily reported. The request for aid would come in addition to tapping its its main banks Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ for a...

  • WASHINGTON/ NEW YORK, March 5- All 31 U.S. banks passed a test of how they would do in a next economic crisis, the Federal Reserve said on Thursday, but those with large trading books came out weak because of new elements in the check-up. But Wall Street banks such as Goldman Sachs, Morgan Stanley and JP Morgan Chase& Co were among the five banks with the lowest readings.

  • Banks capital plans to be released March 11th Thursday, 5 Mar 2015 | 4:42 PM ET
    Banks capital plans to be released March 11

    Dissecting the bank's stress test results, with Marty Mosby, Vining Sparks and CNBC's Kayla Tausche.

  • Fed: Banks have capital to withstand a depression Thursday, 5 Mar 2015 | 5:48 PM ET

    Investors had been closely watching the results, particularly for Citigroup, whose CEO had said his job should be on the line if they failed.

  • The Federal Reserve building is shown in Washington.

    CNBC's Kayla Tausche reports on the results of the Fed's bank stress test. All 31 banks have cleared capital requirement levels and had sufficient capital before shareholder payout. Perspective, with Jack Mohr, thestreet.com, and Jeff harte, Sandler O'Neill.

  • U.S. banks all pass capital hurdle in Fed stress test Thursday, 5 Mar 2015 | 4:30 PM ET

    WASHINGTON, March 5- All 31 U.S. banks passed a 5 percent minimum hurdle for top-tier capital in an annual health check by the Federal Reserve, the central bank said on Thursday, as the industry continues to rebuild buffers after the crisis. Zions Bancorp came in at 5.1 percent in a model run of a severe crisis that included a 25 percent drop in home prices and a stock...

  • BANKS ALL STAY ABOVE 5 PERCENT MINIMUM CAPITAL HURDLE IN FEDERAL RESERVE STRESS TEST.

  • The Boston Consulting Group said last month mobile money transfers in sub-Saharan Africa alone could generate fees of up to $1.5 billion by 2019.. "If you take out air-time, you have a true view of mobile money, and it's not a good story, more than a decade on," says South Africa- based Johan de Lange, who works with banks and phone companies. In Afghanistan, for example,...

  • A 'Goldilocks economy' for commercial real estate Thursday, 5 Mar 2015 | 12:53 PM ET
    Goldilocks and the three bears

    This is a "Goldilocks economy" for commercial real estate — not too cold, not too hot, but just right, says Colliers economist Andrew J. Nelson.

  • NEW YORK, March 5- The New York Federal Reserve's once-unparalleled authority to oversee Wall Street has been weakened by a series of supervisory missteps and by a consolidation of power at the U.S. central bank's Washington headquarters. Current and former New York Fed employees say its ability to independently regulate the country's largest banks began to...

  • WASHINGTON, March 5- A group of prominent U.S. economists, including former Federal Reserve chiefs, Alan Greenspan and Ben Bernanke, wrote to congressional leaders Thursday to support key trade legislation but warn against including currency rules in trade deals. The economists, all former chairs of the President's Council of Economic Advisers, said...

  • *ECB won't allow Greece to issue more short-term debt. NICOSIA/ ATHENS, March 5- The European Central Bank will resume normal lending to Greek banks only when it sees Athens is complying with its bailout program and is on track to receive a favorable review, ECB President Mario Draghi said on Thursday. The tough line, spelled out after the ECB's policymaking...

  • ZURICH, March 5- Switzerland's government will seek to coordinate more closely with the independent Swiss National Bank after the latter's shock decision to drop its cap on the Swiss franc, according to a confidential policy resolution seen by Reuters on Thursday. A government spokesman denied on Wednesday that Bern had asked the central bank to introduce a...

  • *Citi's sale of Akbank stake drags down banking stocks. ISTANBUL, March 5- Turkey's lira hit an all-time low on Thursday as meetings with investors in New York did little to allay concern over President Tayyip Erdogan's battle with the central bank or Ankara's economic management team. Efforts by Prime Minister Ahmet Davutoglu, Deputy Prime Minister Ali...

  • NICOSIA/ FRANKFURT, March 5- The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next. President Mario Draghi said the first bond purchases with new money would take place on March 9. The euro zone's central bank has said it will buy 60 billion euros a month until Sept. 2016 or...

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