US energy and bank executives need to be prepared for Russian cyber-retaliation, says the director of the GWU Homeland Security Policy Institute.» Read More
Federal Reserve is warning banks that lending for deals that load up companies with too much debt could impact its assessment of banks' loan loss rates in the next stress test, the Financial Times reported.
*UniCredit, Santander to hold around one third each of new entity. MILAN, Sept 23- Italian bank UniCredit SpA and Spain's Santander SA are in talks to merge their fund management businesses and create a European powerhouse overseeing some 350 billion euros of assets.
LONDON/ NEW YORK, Sept 23- British bank Barclays was hit with a combined $77 million in fines from British and U.S. regulators on Tuesday as the lender continues to be dogged by problems from its past.
Sept 23- Colombian banking group Grupo Aval SA raised $1.26 billion, more than expected, from its initial public offering in New York on Tuesday, and plans to use the funds to bolster its banks' capital. J.P. Morgan Securities LLC, Goldman Sachs& Co, Citigroup Global Markets Inc and Morgan Stanley& Co LLC are underwriting the offering.
*UniCredit selling up to 50 pct stake in asset manager unit. Sept 23- Spanish bank Santander and Italian rival UniCredit are close to a deal to combine their asset management businesses to create a European fund managing powerhouse, sources close to the matter told Reuters.
*Raiffeisen Bank tumbles after warning on Ukraine, Hungary. Shares in Austria's Raiffeisen Bank International, down 8.8 percent, were the biggest faller in the FTSEurofirst 300 index, after the lender said it could lose as much as 500 million euros this year because of problems in Ukraine and Hungary.
*U.S. attacks IS targets in Syria. LONDON, Sept 23- Gold rose on Tuesday as the dollar eased following comments from a New York Federal Reserve official that any increase in interest rates should be done cautiously, while U.S. air strikes added to global tensions and demand for safe assets.
Sept 23- Colombian banking group Grupo Aval SA raised $1.1 billion after its U.S. initial public offering was priced at $13.50 per American Depositary Share. J.P. Morgan Securities LLC, Goldman Sachs& Co, Citigroup Global Markets Inc and Morgan Stanley& Co LLC are underwriting the offering.
Sept 23- Colombian banking group Grupo Aval SA raised $1.1 billion after its U.S. initial public offering was priced at $13.50 per American Depositary Share. They are due to start trading on the New York Stock Exchange on Tuesday under the ticker "AVAL."
*Raiffeisen Bank sinks after warning on Ukraine, Hungary. Shares in Austria's Raiffeisen Bank International, down 12 percent, were the biggest faller in the FTSEurofirst 300 index, after the lender said hits from Ukraine and Hungary will probably push it to its first-ever annual loss this year.
Federal Reserve's decision to end its asset-purchase program could create "liquidity risks" for Hong Kong banks. The Hong Kong dollar is pegged to the U.S. dollar, so Hong Kong's domestic interest rates should rise in line with American ones.
*Raiffeisen Bank sinks after warning on Ukraine, Hungary. Shares in Raiffeisen Bank International featured among the top losers, down 10 percent after the Austrian lender said hits from Ukraine and Hungary will likely push it to its first-ever annual loss in 2014..
A U.S. jury said Arab Bank provided material support to Hamas and must compensate the victims of two dozen attacks by the militant group.
A US jury finds a large Jordan-based bank responsible for a wave of Hamas-sanctioned suicide bombings that left several Americans dead or wounded.
Antony Jenkins, Barclays CEO, discusses the bank's Women in Leadership Index and says its focused business model and great leadership will help the bank be successful in the next few years.
ATHENS, Greece— Police have busted a phony VIP taxi service in Greece that was using the bank accounts of homeless people to collect deposits from cab drivers. Police spokesman Christos Parthenis said Monday that seven people have been arrested.
SOCHI, Russia, Sept 22- Promsvyazbank, one of Russia's largest private banks, sees its corporate loan book growing by around 30 percent this year on demand from large companies which cannot tap Western markets due to sanctions, its CEO said.
Sept 22- Philadelphia Federal Reserve Bank President Charles Plosser, whose vocal discomfort with the U.S. central bank's super-easy monetary policy marks him as one of its hawkish policymakers, will retire on March 1, 2015, the regional Fed bank said on Monday.
WASHINGTON— Charles Plosser, a leading inflation "hawk" at the Federal Reserve, announced Monday that he plans to retire March 1. Plosser, who has been president of the Fed's Philadelphia regional bank since August 2006, has been a leader of the officials known as hawks for their concerns that a continuation of low-interest rate policies could ignite inflation.
NEW YORK, Sept 22- Long-dated Treasuries yields dipped to their lowest in over a week on Monday on the view that lingering weakness in U.S. economic data may force the Federal Reserve to maintain a dovish stance on raising interest rates.
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