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  • FRANKFURT, May 19- Germany could make it easier to hire and fire senior bankers in what would be a rare exception to its strict labour rules, an ally of Chancellor Angela Merkel said, as Frankfurt seeks to attract finance groups from London after Brexit. "I have discussed this with the German chancellor, Angela Merkel, and she is supportive, as is the finance ministry,"...

  • *BOJ's huge balance sheet makes exit difficult. *BOJ wants to debate exit without revealing details. TOKYO, May 19- Growing signs of life in Japan's economy have presented its central bank with a fresh communications challenge, pushing it to be clearer with markets on how it might dial back its massive stimulus- even though such action remains a long way off.

  • *OTP, FHB banks rise boosts Budapest stock index to record high. BUDAPEST/ PRAGUE, May 19- Central European currencies and stocks rebounded on Friday, with Budapest's stock index hitting a record high. A Czech central banker reiterated the possibility of gradual rate hikes and a deal in Hungary about a certified mortgage lending scheme put less stress on banks'...

  • FRANKFURT/ PARIS, May 19- Germany's RWE and France's Engie are studying with their investment banks alliance options, one of which would involve RWE swapping part or all of its majority stake in renewables and grids firm Innogy for a minority stake in Engie, four investment banking sources said. No active talks between the top executives of the two firms are under...

  • Our bad debt is not a very big problem: VTB Bank CEO

    VTB Bank President and CEO Andrey Kostin says that for the Trump administration meeting Russian diplomats is "viewed as nearly a crime."

  • Italy foregrounded as other political risk in Europe has subsided

    Nandini Ramakrishnan, global market analyst at JPMorgan Asset Management, speaks about political risk in Europe and Italy's potential to leave the euro zone.

  • *Goodwin scheduled to give evidence on June 8-9. LONDON, May 18- Fred Goodwin, the former Royal Bank of Scotland chief executive, is set to become the first senior banker in Britain to be challenged in court over his role in the financial crisis. Barring a last-minute out-of-court settlement, he is due to make his first public appearance in eight years when he takes...

  • President Donald Trump of the United States looks on during talks with Russia's Foreign Minister Sergei Lavrov (not in picture) in the Oval Office at the White House.

    Diplomatic relations between America and Russia have deteriorated to such an extent that contacts have become extremely paranoid, says Sberbank CEO.

  • BRUSSELS- European Central Bank Executive Board Member Peter Praet will participate in the moderation of a high-level panel on "How to address the still low level of banking integration?" BRUSSELS- ECB Vice President Vitor Constancio will give a speech on "Banking union and capital markets union: Interaction and synergies" at the Joint ECB/European Commission...

  • BRUSSELS- European Central Bank Executive Board Member Peter Praet will participate in the moderation of a high-level panel on "How to address the still low level of banking integration?" BRUSSELS- ECB Vice President Vitor Constancio will give a speech on "Banking union and capital markets union: Interaction and synergies" at the Joint ECB/European Commission...

  • Mad Money Lightning Round

    Jim Cramer flies through his take on caller favorite stocks, including a financial stock.

  • SANTIAGO, May 18- Chile's central bank cut the benchmark interest rate to 2.50 percent on Thursday, a more rapid rate of loosening than the market had expected, and altered its bias to indicate its easing cycle was over. The move means the bank has cut the interest rate 100 basis points in total so far this year, as it looks to address sluggish growth in the top copper...

  • May 18- The head of Bank of America Corp, the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent. The vast majority of mortgages are underwritten to strict standards set by the U.S. government or...

  • MEXICO CITY, May 18- Mexico's central bank unexpectedly hiked its key interest rate on Thursday as it sought to keep in check inflation that remains above its target, providing little evidence the tightening cycle was over and prompting the peso to briefly reverse losses. It will also keep an eye on the evolution of the relative monetary position between Mexico...

  • The hedge fund manager and active supporter of progressive causes added bearish options plays to his portfolio during the first quarter.

  • Brian Moynihan, CEO, Bank of America

    In an interview Thursday with CNBC, Moynihan said some of the measures being contemplated now to loosen up the financial system make sense.

  • TORONTO, May 18- Canada's biggest non-bank lender Home Capital Group Inc on Thursday published data showing that its high interest savings account balances had risen on Wednesday but its cashable guaranteed income certificate deposits continued to fall. Home Capital has been struggling to finance its assets as its high interest deposit accounts have...

  • But Mnuchin was explicit before the Senate Banking Committee that that vision did not include breaking up large banks that engage in both. A call to reinstate the 1933 law was included as part of the official Republican Party platform during the 2016 presidential campaign. Gary Cohn, the former Goldman Sachs executive who now leads President Donald Trump's...

  • Bank of America CEO: The real question is how does the banking system help economies grow

    Brian Moynihan, Bank of America CEO, weighs in on Treasury Secretary Steven Mnuchin's testimony today, Glass-Steagall and breaking up big banks.

  • Best credit card for travel rewards

    To get the best deal, consider signing bonuses, annual and foreign transaction fees.

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