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  • KIEV, Feb 26- Ukraine's central bank does not plan to intervene in the foreign currency market to defend the country's currency in the coming days, the bank's governor, Stepan Kubiv, said on Wednesday. Earlier in the day, a senior official at the central bank said it had abandoned a managed exchange rate policy in favour of a flexible currency..

  • *Expected to post 8 bln stg 2013 loss. LONDON, Feb 26- Royal Bank of Scotland's new chief executive will unveil his turnaround strategy for the part-nationalised lender on Thursday after announcing 2013 results expected to show an 8 billion pound loss.

  • Credit Suisse CEO fights back on tax evasion claims Wednesday, 26 Feb 2014 | 7:46 AM ET

    *U.S. senate committee has issued a scathing report on Credit Suisse. ZURICH, Feb 26- Credit Suisse's chief executive will hit back at allegations the Swiss bank was a willing accomplice in U.S. tax evasion on Wednesday, blaming instead a small group of its private bankers for helping Americans conceal their wealth.

  • Canada's largest bank said on Wednesday it had earned C $2.09 billion, or C $1.38 a share, in the first quarter ended Jan. 31, compared with C $2.05 billion, or C $1.34 a share, a year earlier. Excluding C $92 million in charges from the sale of Jamaican operations announced last month as well as restructuring charges in the Caribbean, earnings were C $1.47 a share.

  • DIARY - Top economic Events to Mar 11 Wednesday, 26 Feb 2014 | 7:01 AM ET

    WOOSTER, United States- Federal Reserve Bank of Cleveland President Sandra Pianalto gives lecture, "Reflections on 35 Years with the Federal Reserve System" at the James R. Wilson Lecture Series hosted by the College of Wooster- 0030 GMT. SAITAMA, Japan- Bank of Japan board member Koji Ishida speaks to business leaders in Saitama- 0130 GMT.

  • *Credit Suisse falls on U.S. Senate inquiry. LONDON, Feb 26- A drop in the shares of Swiss banks Credit Suisse and UBS weighed on European equities on Wednesday, stalling the advance of a major regional index to near 6- year highs. A U.S. Senate subcommittee on Tuesday alleged new misdeeds by Credit Suisse and accused the U.S. Justice Department of dragging its feet.

  • Feb 26- General Electric Co said it would pay $1.7 billion to Japan's Shinsei Bank Ltd to end exposure to interest repayment claims related to the sale of its Japanese consumer loan business to the bank in 2008.. GE said on Wednesday the deal would reduce fourth-quarter and 2013 earnings by $1 billion and earnings per share by 9 cents.

  • Brokerages agree to stop answering analyst surveys Wednesday, 26 Feb 2014 | 5:42 AM ET

    Eighteen brokerages agreed to end participating in analyst surveys as a result of a N.Y. investigation into the early release of analyst sentiment.

  • LONDON, Feb 26- The Swedish crown fell against the euro on Wednesday after Riksbank policymakers said lower interest rates could be needed, while the dollar edged higher ahead of testimony by Federal Reserve Chair Janet Yellen on Thursday.

  • LONDON, Feb 26- A fall in the shares of major Swiss banks Credit Suisse and UBS weighed on European equities on Wednesday, stalling the advance of a leading regional index to near 6- year highs.

  • INSIGHT-Hunting credit, firms look beyond wary EU banks Wednesday, 26 Feb 2014 | 3:13 AM ET

    LONDON, Feb 26- When David Armitt needed to refinance loans last year for his 153- year-old manufacturing company in Yorkshire, he found British banks reluctant to lend.

  • Feb 25- Bank of America Corp may have a new mortgage problem on its plate, saying on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. government housing program.

  • Treasury sells $32 billion of 2- year notes. NEW YORK, Feb 25- U.S. Insurance companies and pension funds with extended investment horizons were likely buyers of the 30- year Treasuries, according to rate-strategist Boris Rjavinski at UBS in Stamford, Connecticut.

  • LONDON, Feb 26- Britain's central bank set lighter conditions on Wednesday for branches of Chinese and other non-European investment banks as part of efforts to bolster London's role as a financial centre.

  • Bank of America details new housing probes Tuesday, 25 Feb 2014 | 6:27 PM ET
    Bank of America in Times Square, New York.

    BofA said federal investigators are looking into whether the bank violated certain requirements of a government housing program.

  • Feb 25- JPMorgan Chase& Co, the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target.

  • Chaired by Democrat Carl Levin, the panel issued a report alleging misdeeds by Credit Suisse, Switzerland's second-largest bank. The report said Credit Suisse opened Swiss accounts for more than 22,000 U.S. customers with combined assets of as much as $12 billion.

  • Discover Financial faces US probe over student lending Tuesday, 25 Feb 2014 | 5:47 PM ET

    The Consumer Financial Protection Bureau has issued a civil investigative demand to Discover Bank seeking information regarding certain student loan servicing practices, Discover said in its annual filing on Tuesday.

  • Chaired by Democrat Carl Levin, the panel issued a report alleging misdeeds by Credit Suisse, Switzerland's second-largest bank. The report said Credit Suisse opened Swiss accounts for more than 22,000 U.S. customers with combined assets of as much as $12 billion.

  • TORONTO, Feb 25- Bank of Montreal reported higher-than-expected quarterly earnings on Tuesday on strong wealth management and domestic banking profits, and executives said they expect the uneven performance of BMO's U.S. unit to eventually improve.

Banks

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