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Finance Banks

  • LONDON, July 3- Global growth would suffer if regulators give into "reform fatigue" and fail to complete the overhaul of the world's banking system triggered by the financial crisis, Financial Stability Board Chairman Mark Carney said on Monday. The FSB coordinates financial regulations for the Group of 20 countries whose leaders meet in Germany this week.

  • NEW YORK, July 3- U.S. The Institute for Supply Management said its index of national factory activity rose to 57.8 last month from 54.9 in May. The expansion in manufacturing, which accounts for roughly 12 percent of the overall U.S. economy, combined with hawkish comments last week from the heads of the European Central Bank and the Bank of England, pressured...

  • Former Chief Executive of Barclays John Varley (C) arrives at Westminster Magistrates Court on July 3, 2017 in London, England. Mr Varley today appears with three other former executives of Barclays in relation to a Serious Fraud Office investigation over the way the bank raised billions of pounds from Qatar in 2008.

    Four former top Barclays executives appeared in court in London on Monday to face charges that they conspired to commit fraud during the bank's 12 billion pound ($15.56 billion) emergency fundraising in 2008.

  • *Romania keeps rates on hold, no hike seen in Poland either. BUDAPEST/ PRAGUE, July 3- The leu resumed last week's fall on Monday as Romania's central bank highlighted risks from the government's budget plans and a surge in domestic wages without signalling monetary tightening. Romania's central bank kept interest rates on hold at record lows at its meeting, as...

  • MOSCOW, July 3- Russia's VTB, one of the biggest lenders to the indebted Croatian food producer and retailer Agrokor, may contribute to a new loan to the company, the bank said in emailed comments on Monday. Last month, Agrokor has secured a total of 530 million euro loan from banks, bondholders and suppliers, as a part of the restructure process and under so-called "...

  • LONDON, July 3- Global growth would suffer if regulators give into "reform fatigue" and fail to complete the overhaul of the world's banking system triggered by the financial crisis, Financial Stability Board Chairman Mark Carney said on Monday. The FSB coordinates financial regulations for the Group of 20 countries whose leaders meet in Germany this week.

  • FRANKFURT, July 3- There is no behind-the-scenes pact between powerful central bankers to tighten policy but the potent effect their actions have on financial markets means they want a deeper understanding of each others' motivations, officials told Reuters. European Central Bank President Mario Draghi renewed his long-standing wish last week for more...

  • Barclays execs charged with fraud by SFO

    Four ex-Barclays executives are in court in London, facing charges brought by the Serious Fraud Office connected to the 2008 emergency fund raising in Qatar. CNBC’s Gemma Acton has more.

  • Ex-CEO Varley among Barclays accused

    CNBC's Gemma Acton reports from Westminster Magistrates Court as top Barclays bankers will today face trial over alleged fraud.

  • BEIJING, July 3- China's central bank lent 498 billion yuan for one year to financial institutions via its medium-term lending facility in June, it said on Monday. Outstanding MLF was 4,224.5 billion yuan at the end of June compared with 4,157.80 billion yuan at the end of May, it said in a statement on its website. The People's Bank of China uses the MLF and the...

  • Can't turn a blind eye to Barclays being major financial institution

    Lord Paul Myners, vice chairman at Global Counsel, says that Barclays may have benefited more from seeking capital from the U.K. treasury rather than Qatar.

  • European equities are the right place to be: JPMAM

    Talib Sheikh, multi-asset portfolio manager at JP Morgan Asset Management, and Paul Donovan, global economist and managing director at UBS Wealth Management, discuss investing in Europe.

  • Barclays trial first time

    CNBC's Gemma Acton reports from Westminster Magistrates Court as former top Barclay's bankers and the institution itself face trial over dealings with Qatar during the 2008 financial crisis.

  • LONDON, July 3- Germany's 10- year government bond yield pulled back from 3-1/ 2 month highs on Monday, as markets showed signs of stabilising from last week's sharp selloff sparked by a growing expectation that ECB monetary stimulus could be unwound in the months ahead. Remarks last week from European Central Bank President Mario Draghi that the central bank...

  • CNBC's Gemma Acton reports from Westminster Magistrates Court as senior Barclays bankers begin their trial over fundraising from Qatar during the 2008 financial crisis.

  • *Japan ruling party suffers Tokyo poll defeat, yen little moved. The dip was seen as a knee-jerk reaction to Japanese Prime Minister Shinzo Abe's Liberal Democratic Party suffering a historic defeat in an election in the capital Tokyo on Sunday, signalling potential trouble ahead for the premier. "The Tokyo election won't have a strong market impact, in my view, as...

  • SYDNEY, July 3- Australia's jobs market looks healthier than it has in months while house prices are cooling in the face of tighter lending rules, all arguments for steering a steady course on interest rates this week. The Reserve Bank of Australia holds its July policy meeting on Tuesday and is almost certain to keep rates at 1.5 percent, where they have been since...

  • JOHANNESBURG, July 2- South Africa risks slipping into a long and painful economic recession if the central bank is forced to abandon its policy of reducing inflation and protecting the currency, Reserve Bank governor Lesetja Kganyago said on Sunday. In an editorial article published in the Sunday Times newspaper, Kganyago said the recent recommendation by...

  • LONDON- St Louis Fed President James Bullard gives lecture at a Bank of England research conference on Applications of Behavioural Economics, and Multiple Equilibrium Models to Macroeconomic Policy- 0835 GMT. LONDON- Bank of England Chief Economist Andy Haldane speaks at a dinner to mark a Bank of England research conference on Applications of Behavioural...

  • Warren Buffett's big bank score proves his saying true once again: 'Be greedy when others are fearful'

    The investing legend followed his own classic advice in making big investments in banks in the wake of the financial crisis.

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