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  • 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.

  • WASHINGTON/ NEW YORK April 21- Risk-taking has been the rage since the Federal Reserve quit hiking interest rates at the end of last year. That rebounding mood on Wall Street may be welcomed by a president that has been demanding the Fed cut rates after markets fell sharply last year, and complaining that even pausing at the current level is the wrong call.

  • KIEV, April 19- A Ukrainian court ruling that the nationalisation of the country's largest bank, PrivatBank, was illegal also said that parties related to the bank's former owners should be excluded from the legal case, the central bank said on Friday. The bank said that decision, if implemented, would allow parties related to the former owners to claim money from...

  • *March nationwide core CPI up +0.8 pct yr/yr vs f'cast +0.7 pct. *Core-core CPI rises 0.4 pct yr/yr in March. TOKYO, April 19- Japan's core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan's ambitious 2 percent target in a sign of rising pressure on the central bank.

  • Jim Cramer on "Mad Money."

    Jim Cramer details how the group is doing better than expected and remains cheap even after the latest leg higher.

  • Cramer: Banks are doing better than thought and stocks are still cheap

    Jim Cramer reviews the past week of bank earnings.

  • CARACAS, April 18- U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico's $50 billion offshore banking industry, according to four sources and a document seen by Reuters. The development will prevent the island's offshore banks, several of which are owned by citizens of crisis-stricken Venezuela, from opening accounts...

  • *President warns Ukraine risks default. PrivatBank was nationalized as part of a clean-up of the banking system backed by the International Monetary Fund, which supports Ukraine with a $3.9 billion loan program. Ukraine's dollar-denominated bonds fell more than 1 percent after the ruling by a Kiev court as President Petro Poroshenko said in a televised...

  • KIEV, April 18- Ukrainian tycoon Ihor Kolomoisky said on Thursday he expects some "odious individuals" at the central bank could be removed from office if presidential front-runner Volodymyr Zelenskiy wins Sunday's run-off election. Critics of Zelenskiy, a comedian with no political experience but who is leading President Petro Poroshenko according to...

  • KIEV, April 18- Ukraine risks returning to economic instability, higher inflation and currency volatility if it loses a legal case over the nationalization of PrivatBank, Central Bank Governor Yakiv Smoliy said on Thursday. A lower court in Kiev earlier ruled that the 2016 nationalization of PrivatBank, Ukraine's largest lender, was illegal.

  • WASHINGTON, April 18- U.S. banking regulators on Thursday proposed a rule that would allow custody banks to exclude deposits with central banks from a stringent capital requirement. The relief, prescribed by a bank deregulation bill passed by Congress in May, would apply to Bank of New York Mellon, Northern Trust and State Street, as firms "predominantly engaged...

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