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  • LONDON— London- based Lloyds Banking Group passed a milestone Friday in its recovery from the financial crisis, reporting an annual profit and announcing plans to pay a dividend for the first time since it was rescued by British taxpayers. "This is a symbolic development that bears testament to our successful transformation and improved risk profile of the...

  • *Dollar index eases from previous day's 1- month high. LONDON, Feb 27- The dollar index slipped on Friday, pegged back by month-end selling, but was still on track for its eighth straight month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise this year. The index had rallied 1.1 percent on Thursday, bringing it...

  • MOSCOW, Feb 27- Austria's Raiffeisenbank will close its branches in Russia's far east to improve efficiency after they generated little income and had few opportunities for growth, a move which shows the impact of Russia's economic crisis on the sector. Banks are suffering from higher bad loan provisions and lower profits because of the crisis, deepened by...

  • TOKYO/ SINGAPORE, Feb 27- The dollar took a breather after surging to a one-month high against a basket of currencies the previous day as U.S. economic data and comments from Federal Reserve officials prompted investors to raise their bets on a rate increase. The euro edged up 0.1 percent to $1.1213, but remained not far from a one-month low of $1.1184 touched on...

  • Tracking StanChart's leadership shake-up  Thursday, 26 Feb 2015 | 8:04 PM ET

    Ismael Pili, head of Financials Research, Asia at Macquarie Securities, says Bill Winters could push through the much-needed structural reforms in Standard Chartered when he takes over as chief executive in June.

  • TOKYO, Feb 27- The dollar took a breather in Tokyo on Friday after surging to a one-month high against a basket of currencies overnight as U.S. economic data and comments from Federal Reserve officials prompted investors to raise their bets on a rate increase. The euro edged up about 0.1 percent in Asian trade to $1.1197, but remained not far from a one-month low of...

  • DIARY-Top Economic Events to March 12 Thursday, 26 Feb 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester, Federal Reserve Bank of New York President William Dudley, Federal Reserve Vice Chair Stanley Fischer, former Federal Reserve chair Ben Bernanke and Bank of Japan Deputy Governor Hiroshi Nakaso participate in the U.S. Monetary Policy Forum 2015 Annual Conference sponsored by the...

  • Discussing the size of banking institutions and community banks, with former FDIC chair Sheila Bair, who also weighs in on the threat of cyber hacks to banks.

  • NEW YORK, Feb 26- The dollar rose to a one-month high against a basket of currencies on Thursday as data on U.S. inflation and business orders revived confidence in the world's biggest economy and supported bets the Federal Reserve will raise interest rates in the middle of the year. The greenback also received support from San Francisco President John Williams...

  • Feb 26- Peer-to-peer lender Prosper Marketplace Inc said it has partnered with Western Independent Bankers, a consortium of small community banks, to boost loan offerings through its online platform. Community banks, which focus on small businesses and farm lending, comprise 96.8 percent of all banks in the United States, said Vermut, a former co-head of prime...

  • NEW YORK, Feb 26- Low-yielding bond markets could abruptly "wake up" and reprice for tighter U.S. monetary policy, posing problems for the Federal Reserve as it approaches an interest rate hike, a top Fed official said on Thursday. Louis Fed President James Bullard said in an interview with Reuters that the longer the U.S. central bank keeps rates near zero amid such...

  • Why small businesses don't want a loan Thursday, 26 Feb 2015 | 11:35 AM ET

    Optimism is up among small businesses, but they are not borrowing. Here's why.

  • *Italy govt has approved reform of "popolari" banks. MILAN, Feb 26- Italy's government is under pressure from banks and their allies in parliament to water down a landmark reform of large cooperative banks, which the lenders fear will make them prey to foreign rivals and speculative investors. Affected banks include UBI Banca, Banco Popolare and Banca Popolare di...

  • StanChart CEO leaves at a 'good time'  Thursday, 26 Feb 2015 | 11:15 AM ET

    Simon Maughan, head of research at OTAS Technologies, talks about Standard Chartered's latest announcement that their CEO, Peter Sands, is stepping down in June.

  • FOREX-Dollar jumps on U.S. data, Bullard; euro falls Thursday, 26 Feb 2015 | 11:10 AM ET

    NEW YORK, Feb 26- The dollar climbed to a one-month high against a basket of currencies on Thursday as data on U.S. inflation and business orders revived confidence in the world's biggest economy and supported bets the Federal Reserve will raise interest rates in the middle of the year. The dollar's jump followed back-to-back days of losses stemming from...

  • TORONTO, Feb 26- Canadian Imperial Bank of Commerce, the country's No 5 lender, reported better-than-expected first-quarter earnings on Thursday, helped by strong growth in its wholesale banking business, and unexpectedly raised its dividend. Excluding items, CIBC earned C $2.36 per share in the quarter ended Jan. 31, topping the average analyst estimate of C...

  • *Greece still faces risk of exit from euro zone. LONDON, Feb 26- The global slump in demand for dry freight commodities is adding more pain to Greece's already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. Greece has secured an extension to its bailout from its European partners, but the danger of it...

  • LONDON, Feb 26- Greece's leading banks are considering offloading part of their portfolios of shipping debt worth billions of dollars in a bid to shore up their capital, according to banking and ship financing sources. Greece has secured an extension to its bailout from its European partners, but the danger of it unravelling and of Greece being pushed out of the...

  • TORONTO, Feb 26- Toronto-Dominion Bank, Canada's second-largest lender, reported a slightly higher profit on Thursday in line with expectations, as gains at its retail division offset weakness in wholesale banking. TD Bank's net income rose to C $2.06 billion, or C $1.09 per share in the first quarter ended Jan. 31, from C $2.04 billion, or C $1.07 per share, a year...

  • Feb 26- Toronto-Dominion Bank, Canada's second-largest lender, reported a marginally higher quarterly profit on Thursday, held back by its wholesale banking business. T-D Bank's net income rose to C $2.06 billion, or C $1.09 per share, from C $2.04 billion, or C $1.07 per share, a year earlier. Net income from the lender's Canadian retail business rose 20 percent to C...

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