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  • US regulators close small bank in Illinois Friday, 25 Jul 2014 | 7:26 PM ET

    The bank, which operated three branches, had about $72.9 million in assets and $71 million in deposits as of March 31. The FDIC said that Providence Bank also agreed to buy roughly $67.7 million of GreenChoice Bank's assets. The FDIC has said 2010 likely was the high-water mark for bank failures from the recession.

  • WASHINGTON, July 25- The U.S. House Financial Services Committee said on Friday that it will vote on a bill next week aimed at bringing more transparency to the Federal Reserve, including the controversial requirement of adopting a rules-based approach to its policy.

  • WASHINGTON, July 25- The U.S. Federal Reserve on Friday approved a resubmitted capital plan from Zions Bancorporation, part of an annual stress test of banks' financial robustness. In March, the Fed objected to the bank's 2014 capital plan because it did not meet the minimum 5 percent capital requirement in a simulated economic downturn.

  • FEDERAL RESERVE SAYS IT HAS NOT OBJECTED TO RESUBMITTED CAPITAL PLAN FROM ZIONS BANCORPORATION.

  • BEIJING, July 25- Chinese banks' bad loan ratio rose to 1.08 percent at the end of June from 1.04 percent in March, the banking regulator said on Friday, adding to concerns a slow economy and cooling property market could weigh on banks and brew up financial risks.

  • MOSCOW, July 25- Russia's central bank raised its key interest rate by 50 basis points on Friday in an unexpected move and said it could raise rates further, citing concerns about high inflation and geopolitical tensions- an apparent reference to Ukraine.

  • MOSCOW, July 25- Russia's central bank raised its key interest rate at a regular board meeting on Friday in an unexpected move, citing concerns about high inflation which remains well above the bank's target.

  • FRANKFURT, July 25- Lending to companies and individuals in Ireland fell at the fastest rate since October 2011 in June, data from the European Central Bank showed on Friday, highlighting one of the impediments to growth in the euro zone.

  • China end-June bad loan ratio rises to 1.08 pct-CBRC Friday, 25 Jul 2014 | 4:24 AM ET

    BEIJING, July 25- Chinese banks' non-performing loan ratio climbed to 1.08 percent at the end of June from 1.04 percent at the end of March, the China Banking Regulatory Commission said on Friday. In a statement reviewing the commission's work in the first half, it urged banks to control credit risks stemming from the property sector and local financing vehicles.

  • President Barack Obama said on Thursday the Federal Reserve was "properly focused" on unemployment given the relatively tame pace of inflation in the country, offering a broad endorsement of Fed Chair Janet Yellen's policy approach.

  • OTTAWA, July 24- Canada said on Thursday it will impose sanctions on "a broad range" of Russian companies and banks to punish Moscow for what it said was the illegal occupation of Crimea and "provocative military activity" in eastern Ukraine.

  • WASHINGTON/ FRANKFURT, July 23- After injecting trillions of dollars into the global financial system over the last six years, the world's central bankers now face a vexing question: why is so little of it showing up in workers' paychecks?

  • EU sanctions on Russian banks would hit economy, business Thursday, 24 Jul 2014 | 12:50 PM ET

    MOSCOW, July 24- Russia's state-controlled banks would have to turn to the state, domestic borrowers or new regions such as Asia if EU sanctions shut off investment, hurting their ability to lend to local businesses and further damaging the country's fragile economy.

  • BofA to pay $16.6M to resolve sanctions violations Thursday, 24 Jul 2014 | 11:28 AM ET

    Bank of America has agreed to pay $16.6 million to resolve allegations that it processed drug trafficker monies subject to sanctions.

  • WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed several hundred transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.

  • Barclays files to dismiss 'dark pool' lawsuit Thursday, 24 Jul 2014 | 11:54 AM ET

    Barclays filed a motion to throw out the New York attorney general's lawsuit that alleged the bank lied to clients over its high-speed trading venue.

  • BRUSSELS, July 24- The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.

  • WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.

  • LONDON, July 24- When Sam Molinaro took on the job of shifting unwanted assets for UBS- all 430 billion Swiss francs worth of them- his phone began to ring ceaselessly and his meetings diary filled up fast with potential buyers. "They thought,' you're going to be getting rid of these assets, this is great'," recalled Molinaro, former finance chief at U.S. bank Bear Sterns.

  • EU targets state-owned Russia banks in sanctions draft Thursday, 24 Jul 2014 | 7:15 AM ET

    *EU patience with Russia running out. BRUSSELS, July 24- The European Union would target state-owned Russian banks and their ability to finance Moscow's faltering economy in its most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday, diplomats said.

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