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  • Stonegate Bank posts 4Q profit Monday, 26 Jan 2015 | 7:15 PM ET

    FORT LAUDERDALE, Fla. _ Stonegate Bank on Monday reported fourth-quarter profit of $5.2 million. Stonegate Bank shares have fallen slightly more than 4 percent since the beginning of the year. Keywords: Stonegate Bank, Earnings Report.

  • WASHINGTON— The Federal Reserve ended 2014 with a pledge to be "patient" in raising interest rates from record lows. Chalk it up to plunging oil prices and a surging dollar, which makes foreign goods cheaper in the United States. Complicating the Fed's timetable is the European Central Bank's just-announced plan to pump 1 trillion-plus euros into its ailing...

  • PARIS, Jan 26- Greek stocks fell on Monday after anti-austerity party Syriza swept to victory in the polls, though this damage failed to halt a broader rally in European equities driven by the European Central Bank's bond-buying plan. Athens's ATG index was down 1.3 percent at 0922 GMT, led lower by banking stocks such as Piraeus Bank, down 9 percent, and Alpha Bank,...

  • PARIS, Jan 26- Top Greek shares slumped more than 5 percent at the open on Monday after Greece's Syriza party promised to roll back austerity measures in the wake of its victory in a snap election. Athens' ATG stock index fell 5.2 percent, led lower by banking stocks. Piraeus Bank fell 14.5 percent and Alpha Bank dropped 11.6 percent.

  • SHANGHAI, Jan 26- China's yuan weakened to its lowest against the dollar in almost eight months on Monday, nearing its daily limit, adding to speculation that easing steps by global central banks are prompting the People's Bank of China to guide the currency weaker. "The dollar's global strength is really surprising seen in the domestic market," said a dealer at a...

  • 'Change at the top is necessary for StanChart': Pro  Sunday, 25 Jan 2015 | 10:24 PM ET

    Jim Antos, Bank Analyst at Mizuho Securities Asia, discusses news that two of Standard Chartered's largest investors have called for a change in the bank's chief executive position.

  • NEW DELHI/ MUMBAI, Jan 26- India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches. The regulations announced by the central bank, the Reserve Bank of India, reflect a realization that traditional banks...

  • FRANKFURT, Jan 25- Deutsche Bank will remember Thursday, Jan. 8 as the start of "Duesselgate," a nickname born not of wrongdoing, but from the shockwaves sent by a speech given in Germany's former industrial heart. "Deutsche Bank is pretty much alone in Europe with this claim," he said only weeks after the group decided to examine its business model from head to toe.

  • The atmosphere will already be tense as the fallout from Sunday's snap election in Greece settles and concern has grown in some quarters that central banks, which played such a big part in guiding economies through the financial crisis, are becoming less predictable. The shock of the Swiss National Bank abandoning its cornerstone currency cap had yet to fully...

  • *BlackRock chief points to more pessimistic mood in Davos. Two days after the European Central Bank launched a bold bond-buying drive to revive inflation in the euro zone, a top ECB official warned that Europe's common currency project could come unstuck if the bloc limped on with sluggish growth and mass unemployment. Reviewing the global economic outlook at...

  • ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations and citing lower inflationary pressure due to falling global oil prices. The International Monetary Fund saved Pakistan from possible default in 2013 by agreeing to lend it $6.8 billion over three years.

  • Pakistan central bank cuts key rate to 8.5 percent Saturday, 24 Jan 2015 | 7:39 AM ET

    ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations, citing lower inflationary pressure due to falling global oil prices.

  • US regulators close small Chicago bank Friday, 23 Jan 2015 | 7:31 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over Highland Community Bank, which operated two branches. United Fidelity Bank, based in Evansville, Indiana, agreed to assume all of Highland Community Bank's deposits and to buy essentially of the failed bank's assets. The failure of Highland Community Bank is expected to cost the federal...

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • NEW YORK, Jan 23- The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank's massive stimulus plan. But the increased stimulus measures from the ECB and elsewhere globally, including the Bank of Canada, may make it...

  • Italy politics: 'Art of the compromise'  Friday, 23 Jan 2015 | 11:55 AM ET

    At Davos, Ivan Vatchkov, CIO of Algebris, says the reform of the "populari" banks makes the banking environment in Italy "considerably more investment friendly."

  • LONDON, Jan 23- Global banking supervisors are reviewing a rule that allows banks to hold little or no capital against risky sovereign debt held on their books. The so-called zero-risk weighting rule was heavily criticized during the euro zone debt crisis when several countries in the single currency area had to be bailed out. The reasoning is that a country can...

  • Global finance is 'in good shape'  Friday, 23 Jan 2015 | 10:45 AM ET

    At Davos, André Esteves, CEO of BTG Pactual, says the global financial systems have improved and they're moving the right direction, with ECB President Mario Draghi doing a good job with quantitative easing.

  • MOSCOW, Jan 23- Russia may have to spend more than $40 billion this year to avert a banking crisis, as the growing likelihood of a sharp recession threatens to pile extra costs on a sector suffering from Western sanctions over Ukraine and a plunge in the rouble. Russia's central bank has already relaxed regulation of banks, and the government has pledged support of...

  • Cooperation in Washington DOA? Not so fast Friday, 23 Jan 2015 | 10:36 AM ET
    Speaker of the House John Boehner (R) listens to President Barack Obama deliver the State of the Union address on January 20, 2015 in the House Chamber of the U.S. Capitol in Washington, DC.

    Many pundits have written off cooperation between Obama and the GOP-controlled Congress. But not so fast, says Scott Paul.

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