The U.K. authorities have announced plans which could involve banks demanding the repayment of seven-year-old bonuses.» Read More
MOSCOW, July 30- VTB, Russia's second-largest bank by assets, called sanctions imposed by the United States "politically motivated" and "unjust" on Wednesday but said it was confident it could raise capital if needed.
TIRANA, Albania— Albania's central bank says 713 million leke has been stolen from its reserve storage building. Authorities arrested two bank employees last week. The Bank of Albania, which is in charge of the country's price stability and manages 16 private banks, said Wednesday that the cash was stolen over time.
LONDON, July 30- The euro fell below $1.34 on Wednesday for the first time since last November before German inflation data that was likely to add to the case for the European Central Bank pumping more money into a moribund economy.
The scandal bears the hallmarks of the recent European financial crisis, and the difficulties at Banco Espirito Santo— Portugal's largest bank— sent a shiver through global markets this month as investors feared Europe's closet contained more skeletons. Banco Espirito Santo's sudden difficulties turned out not to be systemic, however.
MOSCOW— Russia's central bank promised to support financial institutions hit by U.S. sanctions as stocks took a tumble in Moscow on Wednesday. Russia's state-owned VTB bank— Russia's second-largest— was down 1.2 percent on Wednesday morning.
MOSCOW, July 30- Shares in Russia's second-largest bank VTB slid over 3 percent at the start of trading on Wednesday, but the broader stock market rose as investors had priced in the impact of a new wave of Western sanctions.
MOSCOW, July 30- Russia's Central Bank said on Wednesday it was ready to support domestic banks that were hit in the latest round of Western sanctions. The United States imposed sanctions on more Russian banks on Tuesday, targeting the country's second-largest lender VTB, its subsidiary the Bank of Moscow, and the Russian Agriculture Bank.
MOSCOW, July 30- Shares in Russia's second-largest bank VTB, targeted by the latest sanctions from the United States, opened down 3 percent on Wednesday, while the broad stock market and the rouble were stable.
WASHINGTON— Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President Vladimir Putin to end provocations in Ukraine.
WASHINGTON, July 30- The U.S. The central bank is widely expected to cut its monthly asset purchases to $25 billion from $35 billion, which would leave it on course to shutter the program this fall.
WASHINGTON— The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered:. Chair Janet Yellen gave few hints about the answers to such issues when she testified to Congress this month.
SINGAPORE, July 30- Gold was trading in a tight range below $1,300 an ounce on Wednesday, as investors nervously awaited the end of a Federal Reserve policy meeting to gauge the U.S. central bank's view on the economy and monetary policy.
July 29- New York's banking regulator is seeking to place government monitors in the U.S. offices of Deutsche Bank AG and Barclays Plc as part of its investigation into the foreign-exchange market, a person familiar with the matter said.
NEW YORK, July 29- World equity markets fell on Tuesday while the dollar reached eight-month highs against the euro on expectations of positive U.S. economic data and a more hawkish tone from the Federal Reserve.
ARGENTINA'S JUNE 30 DEBT PAYMENT STILL HELD BY BANK OF NEW YORK MELLON IN BUENOS AIRES- CENTRAL BANK SOURCE.
WASHINGTON, July 29- The United States on Tuesday slapped sanctions on VTB, the Bank of Moscow, the Russian Agriculture Bank and the United Shipbuilding Corp over Moscow's support for separatists in eastern Ukraine, the Treasury Department said.
SOFIA, July 29- Bulgaria's outgoing parliament voted on Tuesday to widen the 2014 fiscal deficit target and raise 3.4 billion levs in new debt, giving the next government some of the tools needed to solve the country's banking crisis.
WASHINGTON— This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation?
A JPMorgan Chase unit will pay $650,000 to resolve charges that it submitted inaccurate reports about positions held by some of its large clients.
LONDON, July 29- Gold turned lower on Tuesday as uncertainty before a Federal Reserve policy meeting and key U.S. data later this week pulled the metal back from a one-week high hit on the back of violence in the Middle East and Ukraine. Gold is highly sensitive to any changes in U.S. monetary policy.
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