• SINGAPORE, Aug 1- DBS Group Holdings, Singapore's biggest bank, on Friday said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans. The result meant Southeast Asia's biggest lender, which earns most of its profit from Singapore and Hong Kong, achieved a record first-half net profit of S $2.2 billion.

  • WASHINGTON, July 31- Consumers who opt in for bank overdraft protection end up paying more than double for small purchases, a U.S. consumer watchdog warned on Thursday, giving banks a fee bonanza when checking accounts are short of funds.

  • *Sberbank says has resources to continue successful work. Russia's largest lender Sberbank as well as the country's second and third largest banks, VTB and Gazprombank, criticised the EU sanctions but largely dismissed the measures that cut them off from raising funding on the bloc's capital markets.

  • NEW YORK, July 31- U.S. stocks tumbled on Thursday, with the S&P 500 posting its worst daily decline since April and first monthly drop since January as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some expect.

  • Debit overdraft fees often exceed cost of purchase Thursday, 31 Jul 2014 | 3:01 PM ET

    WASHINGTON— The fees that banks charge debit-card users who overdraw their accounts usually cost more than the items being bought. That's the result of a study that the Consumer Financial Protection Bureau released Thursday.

  • MOSCOW, July 31- VTB, Russia's second-largest bank by assets, and Gazprombank said they would continue to honour investor and shareholder obligations despite sanctions from Brussels that ban them from raising funds on EU capital markets.

  • Argentina's tumble into default     Thursday, 31 Jul 2014 | 2:25 PM ET

    The Economist Correspondent Haley Cohen provides insight to Argentina's second debt default in 13 years.

  • TORONTO, July 31- Canadian Imperial Bank of Commerce has named wealth management head Victor Dodig as its next president and chief executive, replacing Gerry McCaughey who will retire in September.

  • *Default risks turning Bulgaria into " Argentina of Europe": source. BUCHAREST, July 31- Holders of dollar-denominated bonds at Bulgaria's Corporate Commercial Bank are gearing up for legal action against the government if the bond defaults and the bank is tipped into insolvency, two sources told Reuters on Thursday.


  • New US CFTC head says he will be a tough cop Thursday, 31 Jul 2014 | 1:36 PM ET
    Tim Massad

    The head of CFTC pledged he would be a tough cop now that the agency has finished a raft of rules to oversee the $710 trillion global swaps market.

  • NY Fed: Puerto Rico should seek economic reforms Thursday, 31 Jul 2014 | 12:05 PM ET

    SAN JUAN, Puerto Rico— New York's Federal Reserve Bank released a report Thursday in which it warned that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."

  • HSBC race row after Muslim accounts closed Thursday, 31 Jul 2014 | 11:13 AM ET

    Banking giant HSBC was accused of racism this week after it moved to close the accounts of several Muslim organizations across the UK.

  • The 'dark pool' debate—here's what you need to know Thursday, 31 Jul 2014 | 11:04 AM ET

    CNBC takes a quick look at the dark pool trading platforms and why it's come under investigation.

  • LONDON, July 31- Gold fell to a six-week low on Thursday and was set for its second monthly drop since May as the dollar rose on optimism over the U.S. economy, which offset a message from the Federal Reserve that it is in no rush to raise interest rates.

  • US banks brace for $1T (as in trillion) outflows Thursday, 31 Jul 2014 | 9:07 AM ET

    An outflow of deposits would reverse a five-year trend of large amounts of cash pouring into banks thanks to the Fed, the FT reports.

  • NAIROBI, July 31- KCB Bank, Kenya's largest lender by assets, plans to raise funds from international debt markets for lending to the real estate sector, its CEO said after announcing a 16 percent jump in first-half profit.

  • Philippine central bank raises interest rate Thursday, 31 Jul 2014 | 7:00 AM ET

    MANILA, Philippines— The Philippine central bank has raised its key interest rate by a quarter percentage point to counter inflation. The rate the central bank charges commercial banks for overnight borrowing was Thursday raised to 5.75 percent.

  • Lloyds reports big drop in profits amid charges Thursday, 31 Jul 2014 | 6:12 AM ET

    LONDON— The part-nationalized Lloyds Banking Group says its six-month net profit more than halved to 699 million pounds after it put aside another 600 million pounds to cover the cost of improperly sold payment protection insurance. The group said Thursday the profit fell from 1.58 billion pounds a year earlier.

  • Shares in Portugal's troubled bank tank 50% Thursday, 31 Jul 2014 | 6:21 AM ET

    Shares in troubled Portuguese lender Banco Espirito Santo slumped 50 percent on Thursday, after trading in the stock resumed following poor results.

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