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Finance Banks

  • SYDNEY- Speech by Tony Richards, RBA head of payments policy, at the Australian Business Economists event on cryptocurrencies. BUENOS AIRES- Central Bank of Argentina releases monetary policy statement. BEIRUT- Lebanese central bank governor Riad Salameh and other government officials and business leaders from the country and the region participate in the...

  • **DUBLIN- International Monetary Fund Managing Director Christine Lagarde visits Dublin. **WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers speech titled "In search of gold: exploring central bank digital currency" 2300 GMT. CARDIFF- Bank of England Chief Economist Andy Haldane visits Wales as part of a "town hall" tour to meet the...

  • MILAN, June 22- Italy's sixth-largest banking group, BPER Banca, said on Friday that its problem-loan ratio would fall to 17.8 percent once its Banco di Sardegna unit completed a 900 million euro loan securitisation deal. Banco di Sardegna has transferred 900 million euros in bad loans, among the worst of the group's problem loans, to a securitisation vehicle at...

  • BERLIN, June 22- The European Central Bank should soon publish new guidelines on how to treat soured loans sitting on the balance sheets of lenders, a top official at Germany's Bundesbank said. The rules will be flexible and involve case-by-case consideration but will also have generally applicable rules across the sector, Joachim Wuermeling, who represents...

  • Below are ideas for completing the European Union's banking union, discussed by finance ministers and to be considered by a leaders' summit on June 29. They are based on an agreement between France and Germany, which lead the way on the changes, as well as the European Commission and eight northern European finance ministers. -a Single Resolution Fund, financed by...

  • MOSCOW, June 22- Russia's central bank on Friday revoked the license of Mosuralbank, whose investors include the ex-wife of Igor Sechin, a powerful associate of President Vladimir Putin and the head of the country's largest oil firm Rosneft. The central bank is cleaning up Russia's banking sector, which has been hit by poor corporate governance practices, money...

  • MOSCOW, June 22- Russia's central bank on Friday revoked the licence of Mosuralbank, whose investors include the ex-wife of Igor Sechin, a powerful associate of President Vladimir Putin and the head of the country's largest oil firm Rosneft. The central bank is cleaning up Russia's banking sector, which has been hit by poor corporate governance practices, money...

  • *Corruption campaigner Browder flags Latvia- Russia link. Riga responded by tightening controls on a dozen Latvian banks which had promoted themselves as a gateway to Western markets for customers largely in Russia, but also in Ukraine and Moldova, promising Swiss-style secrecy. "We have filed complaints with Latvian authorities with evidence showing the...

  • KUALA LUMPUR, Malaysia— Malaysia has named Nor Shamsiah Mohamad Yunus, an experienced former central bank official, as the new central bank governor. Finance Minister Lim Guan Eng said Friday that the king has consented to Nor Shamsiah's appointment to head Bank Negara Malaysia from July 1 for a five-year term. She succeeds Muhammad Ibrahim, who resigned two...

  • *Canadian dollar sags on trade worries, lower oil, OPEC eyed. TOKYO, June 22- The dollar pulled back from an 11- month peak against a basket of major currencies on Friday as investors took profits after the currency's earlier rally, while sterling rebounded from a seven-month low after a slightly hawkish tilt from the Bank of England surprised the market.

  • 'I'm a little bit cautious' on US markets: Portfolio manager

    John Carey of Amundi Pioneer says U.S. banks have had "trouble growing their assets" as the competition for loans intensifies.

  • The four arrested Thursday were former general directors or chief accountants of three subsidiaries of giant state energy firm PetroVietnam, the Ministry of Public Security said in a statement. The investigation involves Ocean joint stock commercial bank, which was taken over by State Bank in 2015 at no cost after reporting losses of $445 million.

  • TOKYO, June 22- Japan's core inflation remained subdued in May, yet again highlighting how far off the central bank is in hitting its 2 percent price goal despite over five years of massive stimulus. The stubbornly weak inflation is also another reason why the Bank of Japan is widely expected to take some time before exiting its ultra-easy money policy, even as the...

  • TOKYO, June 22- Japan's core consumer inflation held steady in May from the previous month, yet again highlighting the challenge facing the central bank as over five years of massive stimulus has failed to push prices close to its 2 percent goal. The subdued inflation is also another reason why the Bank of Japan is widely expected to take some time before exiting...

  • FRIDAY, JUNE 22 LONDON- South Africa's minister of finance, Nhlanhla Nene, will hold a journalist briefing during an investment conference in London- 0700 GMT NEW YORK CITY- Former Federal Reserve Board governor Daniel Tarullo speaks at luncheon before the "The Effects of Post-Crisis Banking Reforms" conference hosted by the Federal Reserve Bank of New York, in...

  • SYDNEY- Speech by Tony Richards, RBA head of payments policy, at the Australian Business Economists event on cryptocurrencies. BUENOS AIRES- Central Bank of Argentina releases monetary policy statement. BEIRUT- Lebanese central bank governor Riad Salameh and other government officials and business leaders from the country and the region participate in the...

  • There is some 'hesitation' to buy into the US banking story: Investor

    Nate Thooft of Manulife Asset Management says there is a "high likelihood" of smaller banks in the U.S. being acquired by some of the bigger players in the space.

  • WASHINGTON, June 21- The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to withstand an extreme recession. Although the lenders would suffer $578 billion in total losses in the Federal...

  • Richard Kovacevich

    There's lots of capital in the system now, and banks should be allowed to return what they think is appropriate, says Dick Kovacevich.

  • *Bank has come under pressure from ratings agencies. FRANKFURT, June 21- The credit ratings agency Fitch on Thursday revised its outlook for Deutsche Bank to negative from stable amid concern's about the bank's restructuring and strategy, the latest blow to the German lender's reputation. Germany's largest bank has come under pressure from ratings agencies...

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