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Finance Banks

  • DUBAI, Nov 23- Qatar National Bank, the largest bank in the Middle East and Africa, has put on hold plans to connect to Saudi Arabia's interbank payment network, as a regional political rift disrupts its growth plans in the kingdom, sources familiar with the matter said. They said the delay was prompted by the political rift, which led to Saudi Arabia, United Arab...

  • BEIRUT, Nov 23- Lebanon's central bank governor Riad Salameh said on Thursday that the monetary impact of a political crisis in Lebanon was limited and there was monetary stability. Salameh was speaking at the Annual Arab Banking Conference in Beirut on Thursday a day after Lebanese Prime Minister Saad al-Hariri shelved his decision to resign, easing the...

  • *Fed minutes show many policymakers see near-term rate hike Markets in Japan, U.S. closed on Thursday. *Spot gold may test support at $1,283 per ounce- technicals. With the impending rate hike from the Fed next month, maybe gold prices have gone a bit too high and will come down in the aftermath of the rate hike, "said John Sharma, an economist with National Australia Bank.

  • SYDNEY, Nov 23- The dollar was on the defensive Thursday after suffering its worst drubbing in five months while bonds celebrated a comeback on speculation the Federal Reserve might not tighten U.S. policy as aggressively as previously thought. Moves in Asian share markets were minor with Japanese markets closed for a holiday and the United States off for...

  • SYDNEY, Nov 23- Asian shares edged ahead on Thursday as speculation the Federal Reserve might not tighten U.S. policy as aggressively as first thought slugged the dollar and boosted bonds globally. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent to scale a fresh 10- year peak. Activity was light with Japanese markets closed for a...

  • SHANGHAI, Nov 23- Police in southern China have detained seven people in connection with an underground banking scheme involving more than 20 billion yuan, the state news agency Xinhua reported. From a suspicious bank account in Shaoguan, a city in Guangdong province, the investigation snowballed to involve a suspected 10,000 people and 148 accounts across...

  • CARACAS, Nov 22- A small Puerto Rican bank that had been helping Venezuela carry out international trade operations has halted those services because of concerns about the reputational risks of doing so, a finance industry source with knowledge of the situation has told Reuters. Venezuelan President Nicolas Maduro last year tapped San Juan- based Italbank, a...

  • WASHINGTON— Federal Reserve officials generally believe that it'll soon be time for another increase in the Fed's key interest rate. Minutes of the Fed's Oct. 31- Nov. 1 meeting released Wednesday showed that many officials believed a third rate hike this year will likely be warranted if incoming data leave the medium-term economic outlook unchanged.

  • SAO PAULO, Nov 22- Argentina's peso currency and Merval stock index registered solid gains on Wednesday after the nation's central bank held its benchmark interest rate and crude prices buoyed the nation's commodities-heavy equities market. On Tuesday evening, Argentina's central bank held its benchmark rate at 28.75 percent in order to fend of inflation...

  • FRANKFURT, Nov 22- Deutsche Bank has joined the ranks of those warning about the virtual currency bitcoin as an investment. "I would simply not recommend this to the everyday investor," Ulrich Stephan, chief strategist at Germany's largest lender, said on Wednesday. Bitcoin smashed through the $8,000 level for the first time over the weekend and traded at $8,216 at...

  • NAYPYITAW, Nov 22- Myanmar's central bank has backed off from a demand that the country's private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers warned could have destabilized the financial system. Myanmar's central bank deputy governor, Soe Thein, told Reuters that three years- instead of the original...

  • *Large banks will have to raise new capital in maximum four years. *Part of new debt must be easy to write down, making it costlier. BRUSSELS, Nov 22- Euro zone regulators said on Wednesday they will impose binding targets on most of the bloc's largest banks forcing them to raise their capital buffers within a maximum of four years, a move that could increase lenders'...

  • BRUSSELS, Nov 22- Euro zone regulators said on Wednesday they will impose binding targets on most of the bloc's largest banks forcing them to raise their capital buffers within a maximum of four years. The Single Resolution Board said it will set for the first time "binding targets for the majority of the largest and most complex banking groups" in the euro zone.

  • PARIS— Marine Le Pen, head of France's far-right National Front, said Wednesday that the party's long-time bank, Societe Generale, has closed its accounts in what she said amounts to a "banking fatwa" to suffocate the party. Le Pen refused to disclose how much money was in the accounts, which she said included those of about 15 National Front federations around...

  • PARIS/ NANTERRE, Nov 22- French far-right leader Marine Le Pen accused two banks on Wednesday of launching a "banking fatwa" to silence her National Front party by closing bank accounts of hers and her party's. "This is an attempt to suffocate an opposition party, and no democrat should accept that," Le Pen told a news conference, calling on President Emmanuel Macron...

  • NEW YORK— Slowly, but surely, being a saver is paying off again. The big publicly traded banks are paying roughly 0.40 percent on their deposits right now, which is up from 0.24 percent two years ago, according to an October report from Autonomous Research after the major banks reported their quarterly results. "We have been waiting for this to happen for a while now,"...

  • NEW YORK, Nov 22- U.S. Treasury yields were steady on Wednesday before the Federal Reserve is due to release minutes from its latest meeting, with trading volumes seen subdued before Thursdays Thanksgiving holiday. The expectation for a move in December is very solid, said Lou Brien, a market strategist at DRW Trading in Chicago.

  • ZURICH, Nov 22- All Swiss banks will have to maintain a leverage ratio of at least 3 percent from next year under new rules for smaller lenders adopted by the government on Wednesday to help safeguard the banking system's stability. "A minimum core capital to total exposure ratio of 3 percent is required of a bank. Like previously, systemically important banks must...

  • UAE LENDERS BANK OF SHARJAH AND INVEST BANK IN MERGER TALKS -SOURCES.

  • NANTERRE/ PARIS, Nov 22- French far-right leader Marine Le Pen accused banks on Wednesday of closing accounts that belong to her and her party, saying she has been the victim of a "banking fatwa" meant to silence her National Front. "This is an attempt to suffocate an opposition party and no democrat should accept that," Le Pen told a news conference, calling on President...

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