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Finance Banks

  • DUBLIN, May 30- Ireland launched its long-awaited initial public offering of state-owned Allied Irish Banks on Tuesday, offering a 25 percent stake in what is set to be one of Europe's largest bank listings since the 2008 financial crisis. Dublin rescued the bank in a 21 billion euro taxpayer bailout which began in early 2009 and has been considering partly...

  • *Political uncertainty in Europe stokes safe-haven buying. NEW YORK/ LONDON, May 30- Gold prices eased after hitting a one month high on Tuesday as economic data from the United States showed increased signs that the Federal Reserve would raise interest rates next month. Spot gold touched a one-month high of $1,270.47.

  • Many of the problems occurred in Western states and came to light after Wells Fargo reached a $190 million settlement with a Los Angeles prosecutor and federal regulators last September. Mack's direct reports with new roles include Bob Chlebowski, who was named branch distribution executive; Laurey Cosentino, who will lead the customer and branch...

  • *EPS C $1.62 vs C $1.46. Scotiabank, which has the biggest foreign presence of any Canadian bank, is focusing its international strategy on the Pacific Alliance, a Latin American trade bloc comprising Mexico, Peru, Chile and Colombia. "Our operations in the Pacific Alliance region had a particularly strong performance in the quarter," Chief Executive Brian Porter...

  • Artist Alex Gardega placed his "sketchy dog" statue next to "Fearless Girl."

    Artist Alex Gardega installed a pug statue urinating on the leg of the "Fearless Girl" statue on Wall Street, NBC News reports.

  • Leon Cooperman, CEO of Omega Advisors.

    Fresh off a settlement with regulators regarding insider trading charges, Leon Cooperman said he would have won but chose to settle instead.

  • BRUSSELS, May 30- Italy's Banca Popolare di Vicenza and Veneto Banca may be wound down if a deal cannot be reached next month on granting the banks state aid, a European Union official said. Rome resolved to set aside 20 billion euros to help its weaker lenders in December after the country's fourth biggest bank, Monte dei Paschi di Siena, failed to raise money on the...

  • WASHINGTON, May 30- U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic demand that could allow the Federal Reserve to raise interest rates next month. "Fed officials can continue with their gradual pace of rate hikes in June as the economy remains on course for stronger...

  • NEW YORK, May 30- U.S. benchmark and long-dated Treasury yields fell to their lowest levels in more than a week on Tuesday on month-end buying and after U.S. inflation data reinforced doubts that the Federal Reserve would raise interest rates more than one more time in 2017. "More than anything, we're seeing just a little bit better buying here at a month-end...

  • *EPS C $1.62 vs C $1.46. Scotiabank, which has the biggest foreign presence of any Canadian bank, is focusing its international strategy on the Pacific Alliance, a Latin American trade bloc comprising Mexico, Peru, Chile and Colombia. Scotiabank, the last of Canada's biggest lenders to report second-quarter results, said earnings per share, excluding one-off...

  • Deutsche Bank headquarters

    Deutsche Bank has lowered its recommendation on European banks to sell, noting fading regional growth momentum as an upcoming headwind.

  • SINGAPORE/ ZURICH, May 30- Singapore's central bank has fined Credit Suisse and United Overseas Bank a total of S $1.6 million for breaching anti-money laundering rules in transactions related to Malaysia's scandal-ridden state fund 1 MDB. The Monetary Authority of Singapore said on Tuesday it had fined UOB S $900,000 and Credit Suisse S $700,000 as it...

  • *MAS says imposed total fines of S $29.1 million on eight banks. SINGAPORE, May 30- Singapore's central bank said on Tuesday it had fined Credit Suisse and United Overseas Bank a total of S $1.6 million for breaches of anti-money laundering rules for transactions related to Malaysia's scandal-ridden state fund 1 MDB. The Monetary Authority of Singapore fined...

  • SINGAPORE, May 30- Singapore's central bank said on Tuesday that it has imposed financial penalties on Credit Suisse and United Overseas Bank after completing its two-year review of banks involved in 1 MDB-related transactions. It fined Credit Suisse S $700,000 and UOB S $900,000. Malaysia's 1 MDB, once a pet project of Prime Minister Najib Razak who chaired...

  • SINGAPORE, May 30- Singapore's central bank said on Tuesday that it has imposed financial penalties on Credit Suisse and United Overseas Bank after completing its two-year review of banks involved in 1 MDB-related transactions. It fined Credit Suisse S $700,000 and UOB S $900,000. Malaysia's 1 MDB, once a pet project of Prime Minister Najib Razak who chaired...

  • The Monetary Authority of Singapore's headquarters in Singapore

    Singapore's central bank on Tuesday said it has fined Credit Suisse and UOB for 1MDB-related breaches.

  • **NEW YORK, United States- Federal Reserve Board Governor Lael Brainard speaks on the economy and monetary policy before the New York Association for Business Economics Luncheon Speaker Series 1700 GMT. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT. VIENNA- ECB Governing Council member Erkki Liikanen...

  • **NEW YORK, United States- Federal Reserve Board Governor Lael Brainard speaks on the economy and monetary policy before the New York Association for Business Economics Luncheon Speaker Series 1700 GMT. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT. VIENNA- ECB Governing Council member Erkki Liikanen...

  • DUBLIN, May 29- Ireland's central bank has fined Bank of Ireland 3.15 million euros for "significant failures" in its controls against money laundering and terrorist financing, it said on Tuesday, the third lender to be hit with such a reprimand in six months. The Central Bank of Ireland said the failures dated back to 2010 and persisted on average for over three...

  • MILAN, May 29- Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state. Italy's fourth biggest bank had 26 billion euros in gross defaulting debts at the end of last year and has set a June 28 deadline for the...

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