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LONDON, March 4- JPMorgan, Citigroup and four more major banks have signed up with an industry group to develop a central register of information on other banks they deal with to help to meet increasing compliance demands and costs.
DUBAI, March 4- Saudi Arabia's NCB Capital has appointed Sarah Al-Suhaimi as its chief executive, the investment bank said on Tuesday, the first time a woman has been named to head an investment bank in the conservative kingdom. NCB Capital, with about $12 billion of assets under management, is a unit of National Commercial Bank, Saudi Arabia's largest bank.
ABU DHABI, March 4- Former Federal Reserve Chairman Ben Bernanke said the U.S. central bank could have done more to fight the country's financial crisis and that he struggled to find the right way to communicate with markets.
March 4- Asset manager Legg Mason Inc said it will buy privately held QS Investors to expand its portfolio of investment products. New York- based QS Investors has $4.1 billion assets under management and about $100 billion in assets under advisory, Legg Mason said in a statement on Tuesday.
Scotiabank's net income was C $1.71 billion, or C $1.32 a share, in the first quarter ended Jan. 31, compared with C $1.61 billion, or C $1.24 a share, a year earlier. Income at Scotiabank's international banking division, which covers much of Latin America and parts of Asia, slipped 2 percent to C $401 million.
A headache is growing for Citigroup as an affiliate involved in money transfers in Mexico has become ensnared in a criminal investigation.
MOSCOW, March 4- Russian companies and banks are watching events in Ukraine anxiously because they stand to lose billions in investments and business in the former Soviet republic. Russian banks are the biggest overseas lenders to Ukraine, accounting for 12 percent of the sector with about $28 billion of exposure, including Sberbank, VEB and VTB.
TORONTO, March 4- Bank of Nova Scotia said on Tuesday that its quarterly profit rose 6 percent on higher domestic lending and wealth management income, and it raised its quarterly dividend.
TOKYO, March 4- Prominent Japanese economist and former government minister Heizo Takenaka said on Tuesday he thinks the Bank of Japan is considering additional monetary easing to cushion the blow of a sales tax increase in April.
DUBAI, March 4- Saudi Arabia's National Commercial Bank has appointed Sarah Al-Suhaimi as chief executive of its investment banking arm, sources aware of the matter said, the first time a woman has been named to head an investment bank in the conservative kingdom.
March 4- Warren Buffett is seeking to reassure shareholders about how his Berkshire Hathaway Inc will perform in the decades after he steps down or dies, but remains as vague as ever about succession plans. Jeff Immelt, the CEO at General Electric Co, has been unable to get his company's share price anywhere near the heights achieved by his predecessor Jack Welch.
LONDON, March 4- Cybercrime is the second most common type of fraud reported by financial firms, more than double the level across other industries, as criminals turn increasingly to technology as their main weapon against banks, a survey showed.
LONDON- Bank of England Deputy Governor Sir Jon Cunliffe speaks on EU- 1030 GMT.
March 3- Mutual fund manager Bruce Berkowitz, founder of Fairholme Capital Management, is pressing the boards of the mortgage-finance giants Fannie Mae and Freddie Mac to let investors have a bigger say in how the companies are run.
NEW YORK, March 3- JPMorgan Chase& Co will pay $400 million to settle lawsuits brought by bond insurer Syncora Guarantee Inc over toxic mortgage-backed securities, according to the insurer. Brian Marchiony, a spokesman for JPMorgan, declined on Monday to comment on the Syncora settlement.
By Taiga Uranaka and Noriyuki Hirata. TOKYO, March 4- Japanese regulators are increasing the pressure on regional banks to consolidate, worried that shrinking populations outside the nation's major cities will leave lenders too weak to stand on their own.
MOSCOW, March 3- Bankers scrambled to assess possible damage to corporate deals and tried to calm customers on Monday after Russia's military intervention in Ukraine unnerved financial markets and hit bank shares in Russia and across Europe.
Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil
MOSCOW, March 3- The Russian Central Bank said on Monday it had raised the interventions allotment to be exhausted before it shifts the rouble's trading corridor- to $1.5 billion from $350 million- and that it will decide daily on the currency's trading policy.
RUSSIAN CENTRAL BANK SAYS IT WILL DECIDE PARAMETERS OF ROUBLE'S TRADING POLICY ON DAILY BASIS.
Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.
Kelly King, BB&T chairman and CEO, reacts to the role mortgage lending played in its weak quarterly report. King says the current yield curve reflects a slow economy.
Brennan Hawken, UBS director of equity research, breaks down the quarterly earnings of Morgan Stanley and Goldman Sachs.