China’s booming shadow banks needs scrutiny, the IMF said on Wednesday, shortly after an official from the Chinese central bank defended the sector.» Read More
CNBC's Andrew Ross Sorkin previews his interview with Timothy Geithner, former United States Secretary of Treasury, on his new book about the financial crisis.
NEW YORK/ LONDON, May 9- Gold dropped on Friday, notching its second consecutive weekly drop, with selling triggered by a sharp rise in the U.S. dollar and analysts' expectation that the Federal Reserve could raise interest rates next year.
New York Attorney General Eric Schneiderman has requested information from major banks about their use of dark pools, Dow Jones reported Friday.
*Co-op Group stake in bank seen falling to 20 pct- sources. *Silver Point, Perry Capital to nominate directors. LONDON, May 9- Britain's Co-operative Group will lose more control over the Co-op Bank after the lender's latest fundraising, raising questions about whether the bank can retain customers attracted by the group's ethical image.
ZURICH, May 9- Credit Suisse faced increased opposition from shareholders to its pay plan on Friday, as the Swiss lender became the latest major bank to come under attack over compensation.
May 9- Mitsubishi UFJ Financial Group Inc, Japan's biggest lender, is considering bidding for the corporate trust arm of Bank of New York Mellon Corp, Bloomberg reported on Friday, citing unidentified people with knowledge of the matter. Ron Gruendl, a spokesman for BNY Mellon, said the company does not comment on market speculation.
LONDON, May 9- The euro slid further in early trade in Europe on Friday after strong words from European Central Bank chief Mario Draghi that halted its march this year to a 2-1/ 2 year high.
May 9- Mitsubishi UFJ Financial Group Inc, Japan's biggest lender, is considering bidding for the corporate trust arm of Bank of New York Mellon Corp, Bloomberg reported on Friday citing unidentified people with knowledge of the matter. Officials at BNY Mellon were not immediately available for comment outside regular U.S. business hours.
ST. PAUL, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota gives keynote address for a recognition event before the Council on Asian Pacific Minnesotans 2014 Asian Heritage Dinner.
Bill Fitzpatrick, Global Equity Analyst at Manulife Asset Management, explains why the bank's decision to cut 19,000 jobs and return cash to shareholders was long overdue.
May 8- A few years ago, famed financial engineer Andrew Lo built a computer model that allowed one of the biggest U.S. banks to figure out which customers were most likely to fall behind on credit-card payments.
*Private banks beefing up Greater China, Singapore teams. SINGAPORE/ HONG KONG, May 9- Alibaba Group Holding Ltd's planned IPO is set to create a long list of multi-millionaires just from its partners in the company- music to the ears of private bankers seeking to cash in on the wealth created by China's tech sector boom.
*Separatists ignore Putin calls to postpone Ukraine secession vote. European shares climbed 1.1 percent after European Central Bank President Mario Draghi was seen as opening the door to more stimulus measures in June.
NEW YORK/ LONDON, May 8- Gold edged up on Thursday after the previous day's more than 1 percent drop as investors digested comments by Federal Reserve Chair Yellen that the central bank is in no rush to reduce the size of its balance sheet.
ATHENS, May 8- Top Greek lender National Bank priced an offering of new shares at 2.20 euros each after books closed on Thursday as it aims to raise 2.5 billion euros, an official at the bank told Reuters.
The rule would prohibit a bank merger if the new company's liabilities exceed 10% of the aggregate consolidated liabilities of all financial companies.
WASHINGTON, May 8- The U.S.
NEW YORK/ WASHINGTON, May 8- The U.S. Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen said on Thursday.
At one point, Tempbank delivered millions of dollars in cash to Moscow's Vnukovo Airport so cash couriers working for Syria's central bank could pick it up. Tempbank also provided services to Syria's Sytrol, a state oil company that is already sanctioned by the United States and the European Union, according to the Treasury.
*IMF says deposits and 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.
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