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  • *Gold eyes first quarterly rise in three. LONDON, March 31- Gold rebounded on Tuesday as global share markets dropped, but bullion was still heading for its second monthly fall, pressured by a strong dollar and expectations the U.S. Gold has fallen 2.5 percent since hitting a three-week high above $1,200 an ounce last week after Federal Reserve Chair Janet Yellen...

  • RICHMOND, Va., March 31- The Federal Reserve will have a "strong" case to hike interest rates in June, a hawkish U.S. central bank official said on Tuesday, dismissing recently weak economic data as transitory and perhaps due to unseasonable weather. Richmond Fed President Jeffrey Lacker, who has long called for a prompt tightening of monetary policy, said consumer...

  • WASHINGTON/ ZURICH, March 31- Swiss bank BSI has become the first of what is expected to be several dozen Switzerland- based private banks to reach a deal under a voluntary disclosure programme for tax-related offenses being run by the U.S. Department of Justice. Under a non-prosecution agreement signed on Monday, Lugano-based BSI will pay a $211 million penalty...

  • BEIJING, March 31- China will introduce a scheme to insure bank deposits from May 1, the government said on Tuesday, ushering in a reform seen as vital for freeing up a highly-protected banking sector. The scheme, which has been talked about in China for around 20 years but gained urgency last year, comes at a time of increased financial stress, as a slowing economy...

  • SHANGHAI/ HONG KONG, March 31- As stock market investors cheer China's latest bid to boost an ailing housing sector, bankers are gritting their teeth over the risks they face in further relaxing rules on lending to home buyers. The hope is that by making it easier for buyers to get mortgages, China can revive the housing market, which accounts for 15 percent of its...

  • LONDON, March 31- European Union plans to ban banks taking market bets with their own money should be scrapped to avoid crimping the flow of funds needed for economic recovery, an EU document showed on Tuesday. The bloc's executive European Commission has proposed a draft law to ban proprietary trading at banks and force lenders to isolate other forms of risky...

  • BEIJING— China announced plans on Tuesday to roll out its first deposit insurance in May as part of steps to make the state-owned banking industry more flexible and competitive. It said that would cover more than 99.6 percent of depositors but would exclude branches of foreign banks in China. "The introduction of deposit insurance is an important step in...

  • LONDON, March 31- After three months dominated by a rising dollar, interest rate cuts by 26 central banks and hefty equity gains, the big winner was the Chinese stock market. Investors who bought Shanghai- listed A shares at the start of the year have registered gains of 17 percent on a total return basis in dollar terms. Federal Reserve and the European Central Bank,...

  • BEIJING, March 31- China will introduce an insurance scheme for bank deposits from May 1, the cabinet said on Tuesday, bringing in a reform seen as crucial for the liberalisation of the banking sector. The roll-out of the scheme, which has been talked about in China for around 20 years, comes at a time of heightened financial stress in the country as a slowing economy...

  • China to introduce bank deposit insurance from May 1 Tuesday, 31 Mar 2015 | 5:22 AM ET

    BEIJING, March 31- China will introduce an insurance scheme for bank deposits from May 1, the cabinet said on Tuesday, bringing in a reform seen as crucial for the liberalisation of the banking sector. Deposits of up to 500,000 yuan will be insured under the scheme, which is expected to help reduce financial risks, the cabinet said in an online statement.

  • TOKYO, March 31- Citigroup Inc has agreed to sell its credit card unit in Japan to Sumitomo Mitsui Trust Bank, the companies said on Tuesday, as the U.S. bank slims down globally to bolster its profitability. The transaction is expected to close by the end of the year, Citigroup and Sumitomo Mitsui Trust Holdings Inc said in separate statements.

  • BEIJING, March 31- China is set to start a maiden insurance system for bank deposits from May, two sources with knowledge of the matter said on Tuesday, a development considered by many analysts to be a crucial financial reform. The insurance system and a fund that banks will have to pay into to finance the protection of depositors will be managed by the central bank,...

  • SHANGHAI, March 31- As stock market investors cheer Beijing's latest bid to boost the country's ailing housing sector, Chinese bankers are gritting their teeth over the risks they face in further relaxing lending rules to home buyers. The hope is that by allowing buyers to get mortgages more easily, China can revive the housing market, which accounts for 15...

  • TOKYO— Japan is not planning to join the China-led Asian Infrastructure Investment Bank, its government spokesman said Tuesday, while Taiwan announced it would apply for membership, joining dozens of countries in signing up to an initiative opposed by Washington. "As of today, Japan will not join AIIB and a clear explanation has not been received from China," Suga...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday. BSA The Software Alliance, whose members include Adobe Systems, Apple Inc, IBM, Microsoft Corp and Oracle Corp, and the...

  • Treasury Secretary Jacob Lew pressed Chinese leaders to suspend proposed curbs on foreign security technology and said a Beijing- led regional bank should work in partnership with existing institutions. The United States and Europe say Beijing is improperly blocking market access with the curbs in proposed anti-terrorism and banking security measures.

  • March 30- Canadian financial technology firm D+ H said on Monday it agreed to acquire global payment services provider Fundtech for $1.25 billion in cash, in a bid to expand its service offerings aimed at global financial institutions and large U.S. banks. The deal comes nearly two years after it acquired U.S. rival Harland Financial Solutions for about $1.2...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday. BSA The Software Alliance, whose members include Adobe Systems, Apple Inc, IBM, Microsoft Corp and Oracle Corp, and the...

  • Trading Nation: Bank industry investing   Monday, 30 Mar 2015 | 2:36 PM ET
    Trading Nation: Bank industry investing

    Erin Gibbs, S&P Capital IQ, and Todd Gordon, tradinganalysis.com, discuss bank stocks that show opportunity and whether investing in the bank sector is a good idea.

  • WASHINGTON— The University of Michigan, defense contractor Lockheed Martin Corp. and a foundation helping Appalachian children all own stakes in an overseas investment fund backing two major Chinese companies, which recently froze their stocks and missed financial reporting deadlines. The American organizations invested in the $1.4 billion fund—...

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