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  • *Fintech labs planned for London, Berlin, Silicon Valley. FRANKFURT, June 2- Deutsche Bank aims to launch three technology innovation labs in Berlin, London and Silicon Valley this year designed to accelerate development of so-called "fintech" companies which could aid the banking sector and its clients. A spokesman for Deutsche Bank declined comment.

  • WASHINGTON, June 2- It may be impossible for the Federal Reserve to raise interest rates until the rest of the world economy improves, Fed board member Lael Brainard said on Tuesday, in the most direct acknowledgement yet of how weak global markets could handcuff the U.S. central bank. The risks associated with a Greek default, a slowdown in China, and continued...

  • *Juno jumps on report of AstraZeneca interest. June 2- U.S. stocks were lower in late morning trading, paring some of their losses earlier in the session, as weak factory orders data and bearish comments from a Federal Reserve board member allayed fears of a rate hike coming sooner rather than later. "Interest rates are not going to matter if they're rising because of...

  • BEIJING, June 2- China's central bank said it disbursed 262.8 billion yuan worth of pledged supplementary loans, or PSL, to banks in the first five months of this year. The central bank said in an online statement there were 645.9 billion yuan worth of PSL in the banking system at the end of May. The latest PSL exercise was aimed at supporting China's urbanization and...

  • BEIJING, June 2- China's central bank said it withdrew 25 billion yuan worth of three-month loans from banks on a net basis in May, leaving a total of 1.05 trillion yuan of the loans in the banking system at the end of last month. The loans were made under the medium-term lending facility, or MLF, and were disbursed at an interest rate of 3.5 percent.

  • MUMBAI, June 2- India's central bank cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest. The Reserve Bank of India's quarter point reduction in the repo rate to 7.25 percent was predicted by 35 of 48...

  • UK to take first steps toward RBS privatization Tuesday, 2 Jun 2015 | 2:36 AM ET
    A pedestrian passes the entrance to Royal Bank of Scotland's headquarters in London.

    The British Chancellor is expected to lay out plans for privatizing Royal Bank of Scotland next week, people familiar with the situation told the FT.

  • NEW DELHI— India's central bank cut a key interest rate by a quarter percentage point Tuesday, the third such reduction this year in support of government efforts to boost growth. That made India the world's fastest growing major economy, overtaking China's 7 percent growth in the same quarter. India's stubbornly high inflation has moderated in recent months...

  • MUMBAI, June 2- India's central bank cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest. The reduction showed policymakers recognized the need to put the economy on a sounder footing, regardless...

  • DIARY- Top Economic Events to June 15 Monday, 1 Jun 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on the U.S. economic outlook and monetary policy at the Center for Strategic and International Studies- 1400 GMT. PARIS- Organisation for Economic Cooperation and Development Forum 2015. PARIS- European Central Bank board member Daniele Nouy speaks at the panel discussion "Unlocking...

  • LAGOS, Nigeria— Financial crime agents arrested 21 bankers including senior executives of the Central Bank of Nigeria for the theft of $33 million worth of defaced naira currency notes, Nigerian officials said Monday. The fraud involved using cut-up pieces of newspaper to replace notes in Nigeria's naira currency that had been designated for destruction at...

  • WASHINGTON, June 1- First Tennessee Bank agreed to pay $212.5 million to resolve a case involving Federal Housing Administration- insured mortgage lending, the U.S. Justice Department said on Monday. Benjamin Mizer of the Justice Department's Civil Division said First Tennessee's "reckless underwriting has resulted in significant losses of federal funds...

  • TORONTO, June 1- Financial regulators need to be on guard against the threat of future financial crises, particularly as banks boost pressure to roll back rules designed to shore up the financial system, a top Federal Reserve official said on Monday. "Regulations have been strengthened and the bankers' backlash is both evident and making headway," Fed Vice...

  • Stifel in lead to buy Barclays' US wealth unit Monday, 1 Jun 2015 | 7:22 AM ET
    Stifel

    Stifel Financial is in advanced negotiations to acquire Barclays' U.S wealth management unit, according to three people familiar with the situation.

  • AMSTERDAM/ PARIS/ DUBLIN, June 1- Across the euro zone, bank compliance officers dream about saying "No" to their new regulator in Frankfurt. The European Central Bank is living up to its promise of being an intrusive and hands-on banking supervisor with a constant demand for data, including minutes of board meetings and regular on-site visits.

  • LONDON/ SYDNEY, June 1- Manufacturing activity showed scant sign of picking up across Europe and Asia in May as demand stayed stubbornly weak, highlighting the need for central banks to continue supporting growth. The gloomy business surveys come a little less than three months after the European Central Bank embarked on a 1 trillion-euro stimulus program and...

  • Top US fund managers attack regulators Monday, 1 Jun 2015 | 3:47 AM ET
    Pedestrians pass a Fidelity Investments office in Boston.

    U.S. fund managers have launched a new attack on global regulators as they fight a rearguard action against proposed rules. The FT reports.

  • FRANKFURT, June 1- The situation in Greece is critical but the direct danger to European banks is relatively small, a senior official at Germany's Bundesbank told a newspaper on Monday. "The Greek government would be well advised to act quickly- for the Greek banks, it is five minutes to midnight," Andreas Dombret, an executive board member of the German central bank,...

  • SHANGHAI, June 1- China's yuan firmed against the dollar on Monday after the G7 agreed in principle that it would be good to include the currency in the International Monetary Fund's currency basket, traders said. The People's Bank of China set the midpoint rate at 6.1207 per dollar prior to market open, the lowest level since Apr.28, or 0.02 percent weaker than the...

  • ISTANBUL, May 30- Turkish Deputy Prime Minister Ali Babacan said on Saturday the takeover by regulators of Bank Asya was not political and that the Islamic lender would continue operating while sale or merger options were investigated. It handed over control of the bank to Turkey's Savings Deposit Insurance Fund, which is responsible for dealing with...

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