Barclays is slated to overhaul its investment bank structure, a decision that may lead to thousands of job cuts, sources close to the matter said.» Read More
March 13- Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday. A spokesman for Barclays said there were no plans for any change in leadership in the investment bank.
TORONTO, March 13- Toronto-Dominion Bank hopes to expand its U.S. wealth management business, targeting a million people with at least $100,000 in liquid assets who already are customers of its growing U.S. retail bank, said a senior executive of Canada's second-largest lender.
WASHINGTON, March 13- Fed vice chair nominee Stanley Fischer on Thursday defended his ties to Citigroup Inc, saying that he would have been ill-prepared for his last central banking job without his experience at the mega-bank.
*Iran wants economic sanctions lifted. LONDON/ ANKARA, March xx- Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalised under U.S. sanctions, bankers and government officials told Reuters.
SHANGHAI, March 13- Growing jitters about the financial health of bloated industries in China have prompted many banks to cut lending in these sectors by as much as 20 percent, banking and industry sources with knowledge of the matter said.
In his first year, Pope Francis' aggressive efforts to reform the Vatican's scandal-scarred financial apparatus show he's not all talk. NBC News reports.
Kokou Agbo-Bloua, head of European equity strategy at BNP Paribas, expects "pretty significan" upside for European banks over the coming two to three years.
Misbehaving bankers could see their bonuses clawed back next year, under plans put forward by the Bank of England.
GE's North American credit card business filed for an initial public offering as part of GE's efforts to reduce exposure to its financial businesses.
Teresa Barger, Cartica Capital, discusses her plans to challenge Chile's CorpBanca plans to merge with the local unit of Brazilian bank Itaú.
Some government authorities question whether misdeeds are not just a few bad actors, but rather a flaw that runs through the banking industry.
SHANGHAI, March 13- China's yuan rose against the dollar on Thursday as the central bank set a slightly stronger midpoint for the first time in four days, a move traders said that shows the government is keeping the currency stable.
March 12- The Federal Reserve Bank of New York looked at whether a key foreign-exchange benchmark was subject to manipulation in 2012 but did not pursue any public action, the Wall Street Journal reported, citing people familiar with the matter.
Treasury Secretary Jack Lew testifies on the White House fiscal 2015 budget proposal before the House Budget Committee- 1400 GMT.
*State-controlled Sberbank postpones investment conference. MOSCOW, March 12- Russia's largest bank Sberbank has postponed one of the country's highest profile investment conferences due to volatility stemming from the situation in Ukraine, the bank said on Wednesday.
*U.S. Senate panel holds confirmation hearing on Thursday. SAN FRANCISCO/ NEW YORK, March 12- Stanley Fischer, U.S. The former chief of the Bank of Israel was chosen to be Fed Chair Janet Yellen's second-in-command in part for his crisis-management credentials, especially during a seven-year stint as the No. 2 official at the International Monetary Fund.
BRUSSELS, March 12- Europe appeared far away from making good its crisis pledge to tackle weak banks as lawmakers and country representatives failed on Wednesday to bridge differences over how to close down troubled lenders.
MOSCOW, March 12- Russia's largest bank Sberbank has postponed a business conference until the autumn due to uncertainty about Ukraine and the country's economy, the bank said on Wednesday.
The U.S. Senate approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department.
*U.S. central bankers stressing "gradual" approach. SAN FRANCISCO/ NEW YORK, March 12- Janet Yellen has a message to markets: the Federal Reserve will keep interest rates low for a while yet and, when it does begin to tighten monetary policy, it will do so only slowly.