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  • FRANKFURT, Jan 25- Deutsche Bank will remember Thursday, Jan. 8 as the start of "Duesselgate," a nickname born not of wrongdoing, but from the shockwaves sent by a speech given in Germany's former industrial heart. "Deutsche Bank is pretty much alone in Europe with this claim," he said only weeks after the group decided to examine its business model from head to toe.

  • The atmosphere will already be tense as the fallout from Sunday's snap election in Greece settles and concern has grown in some quarters that central banks, which played such a big part in guiding economies through the financial crisis, are becoming less predictable. The shock of the Swiss National Bank abandoning its cornerstone currency cap had yet to fully...

  • *BlackRock chief points to more pessimistic mood in Davos. Two days after the European Central Bank launched a bold bond-buying drive to revive inflation in the euro zone, a top ECB official warned that Europe's common currency project could come unstuck if the bloc limped on with sluggish growth and mass unemployment. Reviewing the global economic outlook at...

  • ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations and citing lower inflationary pressure due to falling global oil prices. The International Monetary Fund saved Pakistan from possible default in 2013 by agreeing to lend it $6.8 billion over three years.

  • Pakistan central bank cuts key rate to 8.5 percent Saturday, 24 Jan 2015 | 7:39 AM ET

    ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations, citing lower inflationary pressure due to falling global oil prices.

  • US regulators close small Chicago bank Friday, 23 Jan 2015 | 7:31 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over Highland Community Bank, which operated two branches. United Fidelity Bank, based in Evansville, Indiana, agreed to assume all of Highland Community Bank's deposits and to buy essentially of the failed bank's assets. The failure of Highland Community Bank is expected to cost the federal...

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • NEW YORK, Jan 23- The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank's massive stimulus plan. But the increased stimulus measures from the ECB and elsewhere globally, including the Bank of Canada, may make it...

  • LONDON, Jan 23- Global banking supervisors are reviewing a rule that allows banks to hold little or no capital against risky sovereign debt held on their books. The so-called zero-risk weighting rule was heavily criticized during the euro zone debt crisis when several countries in the single currency area had to be bailed out. The reasoning is that a country can...

  • MOSCOW, Jan 23- Russia may have to spend more than $40 billion this year to avert a banking crisis, as the growing likelihood of a sharp recession threatens to pile extra costs on a sector suffering from Western sanctions over Ukraine and a plunge in the rouble. Russia's central bank has already relaxed regulation of banks, and the government has pledged support of...

  • LONDON, Jan 23- Britain's banks must do more to protect themselves and the wider financial system from growing and evolving cyber crime, the Bank of England said on Friday. Worried by the increasing rate of attacks on banks by Internet hacks, the BoE surveyed 36 financial firms and banks in Britain and found no immediate critical shortcomings in their defences.

  • LONDON, Jan 23- Britain's banks must do more to protect themselves and the wider financial system from growing and evolving cyber crime, the Bank of England said on Friday. Worried by the increasing rate of attacks on banks by Internet hacks, the BoE surveyed 36 financial firms and banks in Britain and found no immediate critical shortcomings in their defences.

  • LONDON, Jan 23- Global banking supervisors are reviewing one of their rules that allow banks to hold little or no capital against risky sovereign debt held on their books. The so-called zero-risk weighting rule was heavily criticised during the euro zone debt crisis when several countries in the single currency area had to be bailed out as ratings on their debt...

  • Will ECB QE spur American-style growth?  Friday, 23 Jan 2015 | 4:50 AM ET

    At Davos, Christian Clausen, CEO of Nordea, discusses whether quantitative easing in Europe will feed into the real economy.

  • SHANGHAI, Jan 23- China's yuan posted its biggest single-day loss since Dec. 8 on Friday after the central bank set a weaker midpoint in response to the fresh round of quantitative easing announced by the European Central Bank announced a day earlier. The People's Bank of China set the midpoint rate at 6.1342 per dollar prior to market open, weaker than the...

  • ATHENS, Jan 23- The European Central Bank has written to Greece's top four banks, warning them to pay close attention to liquidity management ahead of Sunday's election, following increased deposit outflows in recent weeks, Kathimerini said on Friday. The leftwing Syriza party, which has built up its opinion poll lead in the run-up to Sunday's election, has...

  • Herman Gref, CEO of Sberbank, says the low oil price has created a "dramatic" situation for Russian banks and some will go bust.

  • OTTAWA, Jan 23- Bank of Canada Governor Stephen Poloz's shock rate cut on Wednesday sent a clear message to financial markets: Don't expect me to hold your hand. Trading floors reacted by selling the Canadian dollar and uttering more than the usual number of expletives, but the move drove home that the central bank has changed its views about a monetary policy tool...

  • *China factory activity contracts for 2nd month. BEIJING/ SEOUL, Jan 23- Chinese factories were forced to cut prices for the sixth straight month in January to sell their products, while economic growth in South Korea slowed sharply, raising the prospect of more policy easing from major central banks in Asia. The weak manufacturing reading from China added to...

  • SHANGHAI, Jan 23- China's yuan weakened on Friday after the central bank fixed its midpoint 0.2 percent weaker, the biggest single-day weakening in 10 months, in response to the fresh round of quantitative easing announced by the European Central Bank overnight. The People's Bank of China set the midpoint rate at 6.1342 per dollar prior to market open, weaker...

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