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  • TOKYO, June 30- General Electric Co is close to selling its European private equity financing unit to Japan's Sumitomo Mitsui Banking Corp for more than $2 billion, a person with direct knowledge of the matter said, as the U.S. industrial conglomerate sheds its financial assets amid a restructuring. This makes the deal attractive to the core banking unit of...

  • ATHENS, Greece— The latest news on Greece's financial woes on a day a big repayment to the International Monetary Fund is due and the country's bailout program with European creditors ends:. Just hours before the European part of Greece's bailout program expires, Europe's main banking lobby group urged the country and its creditors to make a last-ditch effort...

  • Congress failed to renew the bank's charter because of opposition from Republicans who say it amounts to corporate welfare. Some questions and answers about the Export-Import Bank, and its future:. Q: What does the Export-Import Bank do?

  • ATHENS, June 30- Greece will re-open 1,000 bank branches from Wednesday until the end of the week to cater for pensioners who do not use cash cards for automated teller machines, the finance ministry said on Tuesday. Banks are expected to remain closed for other purposes until July 6, as part of capital controls imposed this week to prevent a collapse of the banking...

  • *Controls lasted years in Cyprus and Iceland. *Greece could stabilise banks but system may go bankrupt. ATHENS/ LONDON, June 29- Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalisation under a lengthy financial rebuilding, industry sources said.

  • LONDON- Reserve Bank of Australia Governor Glenn Stevens speaks at an event hosted by Official Monetary and Financial Institutions Forum- 0840 GMT. LONDON- Bank of England's Paul Fisher speaks at the Financial Times Future of Insurance event- 0840 GMT. VIENNA- European Central Bank Governing Council member Ewald Nowotny to give a keynote speech at "Raiffeisen...

  • ATHENS, June 29- Tens of thousands of Greeks rallied on Monday to back their leftwing government's rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system. The show of defiance came at the end of a day that started with stunned Greeks waking up to face...

  • Michael Cloherty, head of U.S. rates strategy at Royal Bank of Canada's RBC Capital Markets unit in New York, said events in Greece did not significantly change the outlook for the Fed. "This isn't a' watch Greece' situation... While we have chaos in Greece, there are no signs of dramatic contagion yet, and that's why it doesn't change the Fed's tone, "he said.

  • *Controls lasted years in Cyprus and Iceland. *Greece could stabilise banks but system may go bankrupt. ATHENS/ LONDON, June 29- Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalisation under a lengthy financial rebuilding, industry sources said.

  • President Barack Obama and French President Francois Hollande discussed the Greek debt crisis by telephone and agreed it was important to put together a package of reforms for Greece to return to sustainable growth, the White House said on Monday. Greece closed its banks on Monday after bailout talks between the country's government and foreign lenders...

  • ATHENS, June 29- Greece, at pains to protect one of the economy's only bright spots, rushed on Monday to assure tourists that their holidays would be untouched by the restrictions imposed to protect the tottering banking system. But it stressed that credit or debit cards issued abroad would be unaffected by a 60 euro per day limit on withdrawals from cash machines--...

  • LONDON, June 29- British banks are well prepared for whatever happens next in Greece, finance minister George Osborne said on Monday, after a breakdown in talks with international lenders plunged Athens deep into crisis. "The UK banking exposure to Greece is dramatically less than it was in 2012," Osborne told parliament. "Less than one percent of the core tier-one...

  • Michael Cloherty, head of U.S. rates strategy at Royal Bank of Canada's RBC Capital Markets unit in New York, said events in Greece did not significantly change the outlook for the Fed. "This isn't a' watch Greece' situation... While we have chaos in Greece, there are no signs of dramatic contagion yet, and that's why it doesn't change the Fed's tone, "he said.

  • *Greece hopes to briefly open banks for pension payments. ATHENS/ FRANKFURT, June 29- The European Central Bank rejected Greece's request for 6 billion euros of extra emergency funds on Sunday, but is expected to continue limited support for Greek banks until the July 5 referendum, people with knowledge of the matter said. Greeks had rushed to withdraw their money...

  • *Serbia, Macedonia limit bank transactions with Athens. Millions of people in Bulgaria, Macedonia, Albania, Serbia and Romania have deposits in banks owned by Greek lenders, putting this corner of south-eastern Europe in the frontline if the Greek crisis spreads. Central banks in Macedonia and Serbia introduced extra restrictions on the movement of capital...

  • ATHENS/ FRANKFURT, June 29- The European Central Bank rejected Greece's request for 6 billion euros of additional emergency funding on Sunday but is expected to keep the funding line used by Greek banks open until the July 5 referendum, people with knowledge of the matter said. Concerned at the withdrawals, the Bank of Greece asked the ECB's Governing Council to...

  • White-collars walk to their lunch break in Pudong business district in Shanghai, China.

    Western banking giants are losing ground to China, as the world's second-biggest economy vies to establish its economic influence.

  • LONDON, June 29- Prime Minister David Cameron and other senior policymakers will discuss on Monday how Greece's debt crisis might affect UK banking and whether it might need to help British holidaymakers and residents there. Cameron's spokeswoman said he would chair a meeting attended by Bank of England Governor Mark Carney and senior ministers including...

  • SOFIA/ SKOPJE, June 29- Petar Bakhchevanov withdrew some cash from an ATM in Bulgaria's capital on Monday as a test to make sure the deepening debt crisis in neighbouring Greece had not spread to the Greek-owned bank where he keeps his savings. Millions of people in ex-Communist Bulgaria, Macedonia, Albania, Serbia and Romania have deposits in banks owned by Greek...

  • China continues rate cuts

    China's Central Bank cuts rates for the fourth time since November to help support its struggling economy.

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