The Bank of Japan (BoJ) is set deliver its biannual economic Outlook Report, which may offer clues about the central bank's next move.» Read More
Eleni Papoula, analyst at Berenberg Bank, says shares in Italian banks have "run too far" and are due a correction.
Bob Diamond, John Varley and other senior members of Barclays' former management are set to be questioned under caution by the U.K.'s Serious Fraud Office. The FT reports.
Whether on Wall Street or Fleet Street, this is not a happy time for big banks.
DUBAI, May 11- The U.S. economy should accelerate in the second quarter to an annual growth rate of 3 percent or more, but it may not be clear for some time if the pick-up is sustainable, a Federal Reserve official said on Sunday.
LONDON/ ANKARA, May 11- Payment problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as Western banking sanctions complicate deals and trade financiers scale back exposure.
BEIJING, May 10- China should reorganize its wealth management industry as it is unduly raising funding costs and encouraging savers to behave like gamblers by chasing after lucrative short-term returns, a deputy governor of China's central bank said on Saturday.
After a "generational shift", the worry for Barclays is that top staff and clients leave and the business slowly dies.
The announcement of the settlement comes as the Justice Department and Credit Suisse, Switzerland's second largest bank, are in intense negotiations to resolve a long-running investigation into that bank's alleged involvement in helping Americans evade U.S. taxes.
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.
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