*Loss includes bank recapitalisation, Somerfield charge. LONDON, April 17- Britain's Co-operative Group made a loss of 2.5 billion pounds in 2013, capping the worst 12 months in the mutual's 150- year history and ramming home the need for radical reform if it is to survive.» Read More
BRASILIA, March 27- Brazil's central bank sharply raised its 2014 inflation forecast on Thursday and said it sees the economy growing at a moderate pace, signaling it may prolong its rate-hiking cycle to battle naggingly high inflation in an electoral year.
Marty Mosby, Guggenheim Partners analyst, provides perspective on the banking sector after Citigroup failed the Fed's stress test and was barred from raising its dividend and boosting its stock buybacks.
WASHINGTON, March 27- The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans.
SHANGHAI/ HONG KONG, March 27- China's biggest banks showed milder-than-expected signs of financial stress from loan defaults and shrinking profit margins, cheering investors even as the lenders this week posted their slowest profit growth since they became listed.
CNBC's Kayla Tausche has the details on the Fed blocking five banks from increasing their dividends or stock buyback programs.
LONDON, March 27- Spanish, Italian and Portuguese bond yields hit new historical lows on Thursday, with speculation about further European Central Bank monetary policy easing prompting investors to seek higher returns in lower-rated assets.
The Fed announced Citi is one of five banks to fail its stress test. Anthony Polini, Raymond James analyst, discusses what the big bank can do now. This seems to be more of a bump in the road for Citi rather than a critical shortfall, says Polini.
LONDON, March 27- The euro fell on Thursday and peripheral European government bond yields hit their lowest levels in years as speculation grew that the European Central Bank may ease monetary policy soon.
*Inflation poll due at 8:50 a.m. April 2. TOKYO, March 27- The Bank of Japan has added firms' price-growth outlook to its quarterly tankan business sentiment survey, a step intended to inform monetary policy by incorporating inflation expectations.
MOSCOW, March 27- Sberbank, Russia's biggest bank, posted a 4.1 percent rise in 2013 earnings due to increased lending but failed to meet its target because of an increase in provisions for loan-losses as Russia's economy deteriorates.
SHANGHAI, March 27- China shares shed gains in late trading on a see-saw Thursday, ending down after though banking stocks rose for much of the afternoon on rumours the central bank may cut its reserve requirements. Minsheng Bank rose 3.6 percent, and Shanghai Pudong Development Bank Co Ltd 1.2 percent.
MOSCOW, March 27- Sberbank, Russia's biggest bank, posted a 4.1 percent rise in 2013 earnings to 362 billion roubles due to increased lending. But the bank failed to meet its target because of a hike in provisions for loan-losses amid a deteriorating economy.
RUSSIA'S CBANK GOVERNOR NABIULLINA SAYS CENTRAL BANK WILL SUPPORT DOMESTIC BANKS WITH LIQUIDITY, BUT SEES NO NEED FOR SUCH MEASURES YET.
MOSCOW, March 27- Russia's central bank chief, Elvira Nabiullina, said on Thursday she hoped any decrease in investment in the economy would be short-lived and there was no reason to put off a move to inflation targeting. "The main task, despite geopolitical instability, is to make the country more attractive to investors.
HONG KONG, March 27- BlackRock Inc, the world's biggest money manager, said improving economic indicators in Indonesia and consistent corporate earnings in the Philippines make those two countries prime hunting grounds for Southeast Asian stocks.
YANCHENG, China, March 27- The rumour spread quickly. A small rural lender in eastern China had turned down a customer's request to withdraw 200,000 yuan.
WASHINGTON, March 27- A growing number of Americans quitting the labor force are likely gone for good, offering a cautionary note to the Federal Reserve as it tries to gauge how tight the jobs market is and how quickly to raise interest rates.
The police are now investigating the matter further, "Yancheng police said in a statement posted on China's Twitter- like Sina Weibo.
*Yen helped marginally by renewed Ukraine concerns, U.S. data. TOKYO/ SINGAPORE, March 27- The euro held steady near recent lows versus the dollar on Thursday after comments from European Central Bank officials revived speculation about further monetary easing to stave off potential deflation.
SHANGHAI, March 27- Chinese regulators have told the country's two largest insurers to stop selling coverage against smog, a week after such policies were launched, the China Daily reported on Thursday.
The Fed indicated to Citi that it would get more time to fix "stress test" planning problems before rejecting its capital plan.
Marty Mosby, Guggenheim Partners analyst, breaks down the big bank's quarterly numbers.
Goldman Sachs reported quarterly earnings and revenue that topped analysts' expectations on Thursday.