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Finance Banks

  • ATHENS, June 6- Greek banks made progress in their fight to cut their exposure to doubtful and non-performing loans in the first quarter, data from the country's central bank showed on Tuesday. But corporate, mortgages and consumer lending that has turned bad during years of crisis still accounts for slightly more than half of the banking sector's overall loan...

  • Rep. Hensarling: Growing consensus Dodd-Frank is not working

    Rep. Jeb Hensarling, (R-Texas), talks about the upcoming vote on the Financial Choice Act, a bill that will roll back much of the current financial reforms. The big banks have gotten bigger after Dodd-Frank, says Rep. Hensarling.

  • *Some Saudi, UAE, Bahraini banks await central bank guidance. *Qatar central bank says it will provide liquidity if needed. Banking sources said some banks from Saudi Arabia, the United Arab Emirates and Bahrain delayed letters of credit and other deals with Qatari banks after their governments cut diplomatic ties and transport links with Doha on Monday,...

  • ATM cash machines outside a branch of the Royal Bank of Scotland in Edinburgh.

    Royal Bank of Scotland reached an out-of-court deal to settle a lawsuit alleging it misled investors just before its near collapse in 2008

  • DUBAI/ DOHA, June 6- The Qatari currency came under pressure on Tuesday as Gulf commercial banks began to hold off on dealing with Qatari banks because of the diplomatic rift in the region, banking sources told Reuters. Some Saudi Arabian, United Arab Emirates and Bahraini banks were delaying business with Qatari banks, such as letters of credit, after their...

  • DUBAI, June 6- Some Saudi Arabian and United Arab Emirates commercial banks are holding off on doing business with Qatari banks, such as letters of credit, because of the diplomatic rift in the region, banking sources told Reuters on Tuesday. They also said the UAE central bank had asked banks in the country to detail their exposure to Qatari banks, and that the...

  • *Caution begins to mount ahead of UK elections, Comey testimony. TOKYO, June 6- The dollar hit a six-week low against the safe-haven yen on Tuesday, with investors cautious ahead of Britain's election, a European Central Bank meeting and former FBI Director James Comey's testimony to a Senate committee this week. "It's difficult to pinpoint a single factor but the...

  • A man and a women walk into the Reserve Bank of Australia headquarters in Sydney, Australia.

    The Reserve Bank of Australia held its benchmark cash rate at a record low 1.5 percent as expected on Tuesday and points to weaker growth in the March quarter.

  • SHANGHAI, June 6- China's yuan firmed against the U.S. dollar on Tuesday after the official midpoint was fixed at a near seven-month high, shrugging off the central bank's huge cash injection into the financial system, traders said. The People's Bank of China injected 498 billion yuan on Tuesday morning, exceeding the 431.3 billion of medium-term lending...

  • Joseph Otting, then-CEO of OneWest Bank, smiles during a public meeting held by the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) in Los Angeles, California, U.S., on Thursday, Feb. 26, 2015.

    The Trump administration plans to tap former One West CEO Otting for the long-delayed nomination to the comptroller of the currency.

  • President Donald Trump plans to nominate Joseph Otting, a former banking executive and associate of Treasury Secretary Steve Mnuchin, to regulate national banks as comptroller of the currency, the White House said in a statement on Monday. The Office of the Comptroller of the Currency writes money-laundering rules and bank charters and is one of several...

  • WASHINGTON, June 5- The White House plans to nominate Joseph Otting, a former banking executive and associate of Treasury Secretary Steve Mnuchin, to regulate national banks as comptroller of the currency, a White House official said on Monday.

  • BUDAPEST- Hungarian Central Bank non-rate-setting meeting. SYDNEY- Reserve Bank of Australia monetary policy meeting- 0430 GMT. WEDNESDAY, JUNE 7 BOGOTA- Colombian Finance Minister Mauricio Cardenas and Central Bank head, Juan Jose Echavarria, will attend a finance industry conference.

  • *SBI selling new shares in 275.76 to 287.25 rupees range. MUMBAI/ SINGAPORE, June 5- Top Indian lender State Bank of India's share sale to institutional investors to raise as much as $2.33 billion was fully covered within hours of the launch on Monday, three sources with direct knowledge said. In a bid to shore up its capital base, the bank is selling new shares in a...

  • *San Marino banks, like Italian counterparts, hit by bad loans. MILAN, June 5- In the shadow of Italy's banking crisis, a much smaller financial emergency is unfolding in the tiny nation of San Marino, a wealthy enclave of 34,000 people perched on the picturesque slopes of the Apennines mountains. The central bank of San Marino, a former tax haven landlocked inside...

  • *San Marino banks, like Italian counterparts, hit by bad loans. MILAN, June 5- In the shadow of Italy's banking crisis, a much smaller financial emergency is unfolding in the tiny nation of San Marino, a wealthy enclave of 34,000 people perched on the picturesque slopes of the Apennines mountains. The central bank of San Marino, a former tax haven landlocked inside...

  • *Sterling recovers after London attack. NEW YORK, June 5- The U.S. dollar rebounded from a near seven-month low against the euro on Monday as traders doubted that any European Central Bank shift in policy stance could strengthen the euro further, while dollar repurchases after Friday's steep losses also helped the greenback. The euro was last down 0.3 percent...

  • Sergei Gorkov, Chairman of State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)", speaks with participants during the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017.

    A Russian bank chief who met with Jared Kushner is now a focus of the probe into Trump's Russia ties, N.Y. Times reports.

  • The UAE, Saudi Arabia, Egypt and Bahrain cut diplomatic and transport links with Qatar on Monday, accusing it of supporting terrorism. Bankers Reuters spoke to in Saudi Arabia and the UAE said they were waiting for guidance from their respective regulators before taking any action on Qatari business. One of the sources in the UAE, speaking anonymously under...

  • LAGOS, June 5- Nigerian stocks hit a 23- month high on Monday, extending last week's rally and helped by gains in cement, fuel retailing and banking shares. First Bank jumped by its 10 percent maximum limit to trade at 7.07 naira, the highest level since July 30, 2015, while gasoline retailer Mobil Oil was also up 10 percent, at 319.72 naira. "Some major players see...

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