• MUNICH, April 28- Deutsche Bank's co-chief executive Juergen Fitschen went on trial on Tuesday, accused of giving misleading evidence in connection with the collapse in 2002 of the Kirch media empire in a case that could prove a major distraction at a time when the bank is undergoing a strategic overhaul. Prosecutor Christiane Serini said Fitschen and his four...

  • LONDON, April 28- Asia- focused bank Standard Chartered said the location of its headquarters was under constant review and a sharp increase in a tax on banks in Britain meant it was watching the situation closely. "At the moment it's something we're watching, we're looking at, we're thinking about, but at this point in time there's no change in our position," Andy...

  • *Q1 pretax profit $1.5 billion vs $1.9 billion. LONDON, April 28- Asia- focused bank Standard Chartered said on Tuesday profits in the first quarter of 2015 fell 22 percent from a year ago as losses from bad loans jumped 80 percent and trading conditions remained challenging. Standard Chartered said it was on schedule to get its common equity Tier 1 capital ratio to...

  • Deutsche co-CEO Fitschen on trial over Kirch case Tuesday, 28 Apr 2015 | 3:50 AM ET

    MUNICH, April 28- Deutsche Bank co-chief executive Juergen Fitschen went on trial on Tuesday accused of giving misleading evidence in connection with the collapse of the Kirch media empire in a case that could prove a major distraction for a bank pursuing a strategic revamp. The trial opens the day after Fitschen and co-chief executive Anshu Jain unveiled one...

  • LONDON, April 28- European shares fell on Tuesday, with Commerzbank dropping after announcing plans to raise 1.4 billion euros and Swiss sanitary equipment maker Geberit slipping following poor results. Shares in Commerzbank fell 5 percent, the top decliner in the FTSEurofirst 300 index, as Germany's second-largest bank on Monday launched a share sale to...

  • China stocks ease off seven-year highs, but banks firm Tuesday, 28 Apr 2015 | 3:15 AM ET

    SHANGHAI, April 28- China stocks ended lower on Tuesday, easing off a new seven-year high, as a tumble in start-up board ChiNext soured investor sentiment despite strength in banking stocks. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.4 percent, to 4,741.86, while the Shanghai Composite Index lost 1.1 percent, to 4,476.21...

  • China stocks ease as small caps slump, Hong Kong slips Tuesday, 28 Apr 2015 | 1:03 AM ET

    SHANGHAI, April 28- Chinese shares fell early on Tuesday led by a tumble in small-cap stocks, but banks surged amid speculation that China's central bank is considering buying commercial bank assets. The People's Bank of China could offer more funds for state banks to buy local government bonds, some analysts suggested, a move that would be targeted more at...

  • SHANGHAI, April 28- China's yuan rebounded against the dollars on Tuesday after the central bank set a firmer midpoint, with traders suspecting big state-owned banks sold dollars to support the currency. The People's Bank of China set the midpoint at 6.1209 per dollar, a fresh three-month high, prior to the market open, firmer than the previous fix at 6.122.

  • SINGAPORE, April 28- Gold clung to sharp overnight gains on Tuesday, bolstered by a weaker dollar and short-covering on rising expectations the Federal Reserve will not hint at a June rate hike at its policy meeting this week. *Spot gold had eased slightly to $1,199.60 an ounce by 0040 GMT, after jumping nearly 2 percent in the previous session.

  • Expect lackluster results from China banks: Fitch

    Grace Wu, senior director for Financial Institutions at Fitch Ratings, says Chinese banks will have to contend with margin pressures throughout 2015, which will likely suppress earnings.

  • DBS earnings headed higher: CEO Sunday, 26 Apr 2015 | 8:00 PM ET

    DBS Group is poised to benefit from Singapore's rising domestic interest rates, CEO, Piyush Gupta, told CNBC after the bank reported its first-quarter net profit climbed 10 percent on year, beating expectations.

  • FRANKFURT, April 27- A radical plan for Deutsche Bank to become a pure investment bank and corporate lender was dropped after stress tests demanded by the European Central Bank concluded the model would not withstand a severe financial crisis, sources said. Deutsche Bank, Germany's biggest lender, has spent much of this year looking at ways of reconfiguring its...


  • Community National posts 1Q profit Monday, 27 Apr 2015 | 3:31 PM ET

    NEW YORK _ Community National Bank on Monday reported net income of $1.4 million in its first quarter. The New York- based bank said it had earnings of 20 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON— For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it. Don't look for it soon. Yet at a news conference later, Chair Janet Yellen stressed that while the Fed had removed "patient" to describe its approach to raising rates, it still...

  • *Fed, other central bank meetings key to week ahead. NEW YORK, April 27- The dollar firmed on Monday, recovering from recent losses in the wake of some weak U.S. economic data, but gains are expected to be contained ahead of the Federal Reserve's key monetary policy meeting this week. "Any sense from the Fed that a rate hike appears on a further horizon could mean a weaker...

  • Overhaul is bold, strategic: Deutsche Bank Co-CEO

    Deutsche Bank Co-CEO Anshu Jain defends the company's overhaul plans, saying they amount to a bold and strategic move.

  • Overhaul plans can't be judged by market reaction: Detusche Bank Co-CEO

    Deutsche Bank Co-CEO Anshu Jain says he isn't judging the merits of the bank's overhaul strategy based on the day's share price reaction.

  • Want to avoid another Libor incident: Deutsche Bank Co-CEO

    Deutsche Bank Co-CEO Anshu Jain tells CNBC the bank is investing in controls that will help avoid the kind of behavior that led to last week's $2.5bn Libor-rigging settlement.

  • HONG KONG, April 27- A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city's banking watchdog, regulatory experts said. HSBC's $2.6 trillion balance sheet is nearly eight times the size of Hong Kong's economic output. HSBC said on Friday it had ordered a review into whether it should move its...

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