• NEW YORK— The Consumer Financial Protection Bureau has fined Regions Bank $7.5 million for illegally charging customers for overdraft protection. Regions Bank, which has branches across 16 states, mostly in the South, has already refunded $49 million in overdraft fees to its customers, the CFPB said Tuesday. The CFPB said Regions Bank did not change its systems...

  • *Gold up after Monday's 2 percent gain. LONDON, April 28- Gold rose nearly one percent on Tuesday after disappointing U.S. data hit the dollar and dampened expectations that the Federal Reserve will hint at this week's policy meeting at an interest rate hike in coming months. It was up 0.8 percent at $1,210.88 an ounce at 1423 GMT, after a 2 percent rise on Monday, while...

  • *U.S. consumer confidence falls in April. *Euro gains on hopes for Greek deal breakthrough. NEW YORK, April 28- The dollar dropped to an eight-week low on Tuesday after an unexpectedly weak U.S. consumer confidence report for April, with investors growing cautious about a Federal Reserve meeting starting later in the day.

  • OTTAWA, April 28- The impact of cheaper oil prices on the Canadian economy is happening faster than the Bank of Canada initially expected, but the shock does not appear to be larger than anticipated, the central bank Governor Stephen Poloz reiterated on Tuesday.

  • *Central bank governor says Cyprus and Greece decoupling. *Georghadji says Cyprus no longer at high risk from Greece. FRANKFURT/ NICOSIA, April 28- Cyprus is ready to react to any spillover from the crisis in Greece, the governor of the island's central bank said on Tuesday, adding the two countries were decoupling in the eyes of international markets.

  • 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...

  • Why capital build-up is a priority for banks   Tuesday, 28 Apr 2015 | 4:10 AM ET
    Why capital build-up is a priority for banks

    Philippe Bodereau, MD and global head of financial research at Pimco, says that recent earnings reports show that capital build-up remains a big priority for many European banks.

  • 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...

  • Commerzbank to raise $1.5 billion via share sale Tuesday, 28 Apr 2015 | 1:33 AM ET
    German Commerzbank is pictured in front of their headquarters in Frankfurt, central Germany.

    Commerzbank on Monday launched a share sale to raise 1.4 billion euros ($1.5 billion) from institutional investors.

  • 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.

  • China banks set to report earnings: What to expect   Monday, 27 Apr 2015 | 11:24 PM ET
    China banks set to report earnings: What to expect

    Jim Antos, bank analyst at Mizuho Securities Asia, expects Bank of China to surprise among the bigger lenders, while small players could be the worst performers in the sector.

  • 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...

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