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  • LONDON, April 24- Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world's fifth-biggest economy, and its global financial centre, through the upheaval of Brexit. Mark Carney, a Canadian, twice extended his term in charge of the British central bank as the country...

  • LONDON, April 24- Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world's fifth-biggest economy, and its global financial center, through the upheaval of Brexit. Mark Carney, a Canadian, twice extended his term in charge of the British central bank as the country...

  • CNBC's Annette Weisbach discusses merger discussions between UBS and Deutsche Bank's asset management arms.

  • SHANGHAI, April 24- Chinese stocks rose slightly on Wednesday, recouping early losses, as an afternoon rally in technology shares offset concerns that the central bank could scale back the scope of further policy easing. **Around the region, MSCI's Asia ex- Japan stock index lost 0.27 percent, while Japan's Nikkei index closed down 0.27 percent.

  • LONDON, April 24- Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world's fifth-biggest economy, and its global financial centre, through the upheaval of Brexit. Mark Carney, a Canadian, twice extended his term in charge of the British central bank as the country...

  • Credit Suisse had excellent performance in tough environment, CEO says

    CNBC's Joumanna Bercetche speaks with Credit Suisse's Tidjane Thiam about the bank's first-quarter results.

  • SHANGHAI, April 24- China stocks fell on Wednesday morning, amid new signs the central bank is putting on hold broad policy easing measures, dashing hopes for fresh large-scale liquidity pumps into the financial system. **Hong Kong stocks also fell, despite Wall Street hitting fresh closing highs. **The People's Bank of China injected funds to select commercial...

  • Credit Suisse's Chief Executive Officer Tidjane Thiam.

    Credit Suisse produced another rise in net profit for the first quarter of 2019, its first period following the completion of its three-year restructuring plan.

  • Sri Lanka's Special Task Force soldiers walk past a damaged houses after a clash between two communities in Digana central district of Kandy, Sri Lanka March 8, 2018.

    The International Monetary Fund said on Tuesday that initial financial market pressures on Sri Lanka appear contained following "horrific" Easter Sunday bomb attacks but decisive policy and security actions are needed.

  • State Street Financial Center building, which houses the company's headquarters, in Boston, Massachusetts.

    Wells Fargo's Mike Mayo says shareholders need to hold State Street's top executives accountable for weak results

  • WASHINGTON, April 23- The U.S. Federal Reserve on Tuesday proposed a framework for determining when a company has taken control of a bank and must face more rigorous oversight and restrictions, a move that could remove hurdles for banks seeking to attract investors and partners. Randal Quarles, the Fed's vice chair for supervision, said in a prepared statement...

  • DUBAI, April 23- Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported double-digit growth in first-quarter net profit on Tuesday, helped by higher special commission income and fees. Saudi Arabia's biggest Islamic lender said net profit rose 21 percent in the three months ended March 31 to 2.89 billion riyals. Operating income for the...

  • DUBAI, April 23- Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 21 percent rise in first-quarter net profit on Tuesday, helped by higher special commission income and fees. The bank made 2.89 billion riyals in the three months to March 31, up from 2.38 billion riyals in the same period a year earlier, it said in a bourse statement.

  • Don't want to see banks become technology companies, banking expert says

    Julian van Kan, head of financial institutions group at MUFG, discusses the European banking sector ahead of a string of earnings reports.

  • April 23- Saudi Arabia's stock market rose on Tuesday, lifted by a string of corporate earnings announcements for the first quarter, while real estate shares weighed on the Dubai index. Saudi Arabia's index climbed 0.4 percent, with Riyad Bank gaining 3.2 percent to reach its highest in 13 years. Saudi British Bank rose 1.5 percent after the Capital Market...

  • In 2017, UBS became the first international wealth manager to establish a presence in the Qianhai free trade zone, aimed at boosting financial cooperation between Shenzhen and Hong Kong.

    As China cracks open the door further to its massive financial market, a handful of foreign firms are pulling ahead of the pack.

  • Credit Suisse: Private banking is 'highly fragmented'

    Benjamin Cavalli, Credit Suisse's head of private banking for South Asia, discusses how the bank retains talent and wealthy clients.

  • HDFC Bank's results are 'rock solid'

    Gautam Duggad of Motilal Oswal Financial Services says HDFC Bank's numbers continue to remain "very rock solid" and consistent. He recommends buying the stock.

  • DUBAI, April 21- Al Rajhi Bank, Saudi Arabias biggest Islamic lender, aims to boost mortgage lending as more affordable housing comes on the market, its chief executive told Reuters. The bank's mortgage book grew 27 percent year-on-year in 2018 and it is looking for double digit growth for the next two to three years, Steve Bertamini said in an interview.

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