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  • *ECB's Constancio- Greece will stay in euro, hints at default. FRANKFURT, May 28- European Central Bank policymakers played down the prospects of any immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no. Speaking to journalists in Frankfurt,...

  • HANGZHOU, China, May 28- China Cinda Asset Management offered on Thursday nearly $7 billion in soured loans to investors in its largest ever sale, underscoring government pressure on banks and asset managers to settle China's debt pile as economic growth stalls. Its promotion comprised 35.3 billion yuan in outstanding principle and 8 billion yuan in interest...

  • MOSCOW, May 28- Russia's largest lender Sberbank defied expectations for a sharper slump in first-quarter profit as strong commission income and its access to cheaper funding helped it to outperform rivals. Sberbank holds about 30 percent of Russia's total banking sector assets and Russians are used to trusting the bank with their savings since the Soviet...

  • May 28- Canadian Imperial Bank of Commerce reported a better-than-expected quarterly profit on Thursday, boosted by a buoyant Canadian capital market, and the country's fifth-largest lender joined other Canadian banks in raising its dividend. The bank's net income attributable to common shareholders tripled to C $895 million, or C $2.25 per share, in the...

  • SHANGHAI, May 28- China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The Shanghai Stock Exchange saw A share turnover hit 1.2 trillion yuan, an all time...

  • SHANGHAI, May 28- China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The Shanghai Stock Exchange saw A share turnover hit 1.2 trillion yuan, an all time...

  • San Francisco Fed President John Williams made the remarks at a symposium on Asian banking and finance in Singapore.

  • FRANKFURT, May 28- A European Central Bank policymaker played down the prospects for an immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no. The critical comments from Ewald Nowotny, who as head of the Austrian central bank also sits on the...

  • SINGAPORE, May 28- A top Federal Reserve official on Thursday dove into the simmering global debate over how best to protect against future financial crises, arguing that interest rate hikes are not the answer, even as a last resort. "Despite the clear need to consider all potential tools to avoid a financial crisis, I am unconvinced that monetary policy is one of...

  • ZURICH, May 28- No longer is schmoozing over long lunches and fine wines enough; Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals. In a fifth floor office just off Zurich's main shopping street, researchers at UBS are testing dozens of technologies to see what could...

  • SHANGHAI, May 28- China's yuan was little changed against the dollar on Thursday as the central bank kept its daily guidance rate largely steady, a sign that monetary authorities are keen to keep the currency stable for now, traders said. "The market is quite balanced today, with no big money flows pushing the yuan in either direction," said a trader at a Chinese...

  • NEW YORK— The American Bankers Association has hired Rob Nichols, the head of a major Wall Street lobbying group and former Treasury Department official, as its new president and CEO. Nichols currently leads the Financial Services Forum, a small but influential lobbying group whose membership consists solely of the CEOs of the biggest U.S. banks and insurance...

  • OTTAWA, May 27- The Bank of Canada held its key interest rate at 0.75 percent on Wednesday, largely shrugging off a weak U.S. economy in the first quarter, and said solid U.S. growth this quarter should help Canadian exports and business investment. The market had widely expected bank Governor Stephen Poloz to keep the benchmark rate steady, but some analysts had...

  • US bank earnings up 6.9 percent in Q1 Wednesday, 27 May 2015 | 10:35 AM ET

    The data issued Wednesday by the Federal Deposit Insurance Corp. showed "gradual but steady improvement" for the banking industry, FDIC Chairman Martin Gruenberg said at a news conference. The FDIC reported that U.S. banks earned $39.8 billion in the first quarter, up from $37.2 billion a year earlier. The number of banks on the FDIC's confidential "problem list"...

  • OTTAWA, May 27- The Bank of Canada held its key interest rate at 0.75 percent on Wednesday, shrugging off a weak U.S. economy in the first quarter and saying solid U.S. growth this quarter should help Canadian exports and business investment. The market had widely expected bank Governor Stephen Poloz to keep the benchmark rate steady, but some analysts had begun to...

  • Fed's Jeffrey Lacker: Let banks fail Wednesday, 27 May 2015 | 8:28 AM ET
    Jeffrey Lacker, president of the Federal Reserve Bank of Richmond.

    Policymakers must ensure that creditors must be willing to let firms fail in order to restore discipline, a top Fed official said.

  • ATHENS, May 27- Greek banks have seen deposit outflows accelerate over the past week as fears rise that the euro zone country will default on debt, two banking sources said on Wednesday. The spike follows a steady outflow of money from Greek lenders this year as Athens and its creditors struggle to agree an aid-for-reforms deal before Greece runs out of money.

  • The company's net income attributable to shareholders rose to C $388 million, or C $1.13 per share, in the second quarter ended April 30 from C $345 million, or C $1.01 per share, a year earlier. Excluding items, the Montreal- based lender earned C $1.15 per share, above analysts' average estimate of C $1.12 per share, according to Thomson Reuters I/B/E/S.

  • Lew: Central bankers have realized need to be clear Wednesday, 27 May 2015 | 7:18 AM ET
    Treasury Secretary Jack Lew testifies before the Senate Finance Committee on Capitol Hill, February 5, 2015 in Washington.

    U.S. Treasury Secretary Jack Lew said conversations between central bankers in the U.S. have shown they understand the need to clearly communicate.

  • Goldman tops 2015 City of London bank bonus charts Wednesday, 27 May 2015 | 6:42 AM ET

    LONDON, May 27- Bankers at Goldman Sachs received the highest bonuses in London's banking industry this year but bonuses paid out by the top 10 banks were down overall compared to last year, a survey published on Wednesday showed. Goldman Sachs bankers received an average bonus of 194,000 pounds, some 14 percent more than their peers at second-placed Morgan...

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