"Banks have been laggards that are now catching up," says Mike Mayo, CLSA research analyst, discussing valuations and breaking down the banking sector. Mayo also gives his best big bank play.» Read More
LONDON, March 5- The European Central Bank may hesitate to print money to ward off the threat of deflation because of concerns about the widely differing impact such a step could have on euro zone debt markets. Expectations are growing that the ECB, which holds a policy meeting on Thursday, will follow the Bank of England, the U.S.
LONDON, March 5- The Bank of England suspended a staff member on Wednesday as part of an internal investigation into what it knew about alleged manipulation of world currency markets. The central bank also released minutes that said allegations had been raised as long ago as July 2006 that manipulation was occurring in the so-called benchmark fixings.
The head of the Justice Department division in charge of prosecuting white-collar crime says she's leaving behind plenty of big cases.
*Central bank holds benchmark rate steady at 1.0 pct. *Repeats that rates could go up or down, depending on data. OTTAWA, March 5- The Bank of Canada continued to express concerns about weak inflation on Wednesday, even after consumer prices picked up markedly in January, and it repeated that its next move on interest rates could be either up or down.
KIEV, March 5- The Ukrainian subsidiary of Italy's UniCredit Bank cancelled a daily limit of 1,500 hryvnia on cash-machine withdrawals on Wednesday, citing "the stabilisation of the situation" in the country. Ukraine has retained a 15,000 hrynvia daily limit on withdrawals from foreign currency accounts at all banks, which was imposed last week.
Credit ratings for European lenders could be slashed by one or two notches, a leading credit agency has warned.
SHANGHAI, March 5- China's yuan firmed slightly against the dollar on Wednesday as the central bank appeared to reduce its intervention in the market, having engineered a sudden depreciation of the yuan since last month, traders said. Dollar purchases by state banks-- a sign of intervention by the People's Bank of China-- appeared to subside this week, traders said.
*China tech, Macau casinos outperform tepid market. *Coal stocks sink after Beijing declares' war' on pollution. HONG KONG, March 5- Hong Kong and China shares were sluggish early on Wednesday, with the Chinese banking sector weaker on worry about a possible default by listed company and Beijing's plan to introduce deposit insurance.
MEXICO CITY, Mexico- Federal Reserve Bank of Dallas President Richard Fisher speaks before the Mexican Bankers Association- 0000 GMT. TORONTO, Canada- Bank of Canada Senior Deputy Governor Tiff Macklem speaks at an event in Toronto- 0015 GMT.
NEW YORK, March 4- A top Federal Reserve official said on Tuesday he is closely following the crisis in Ukraine for potential effects on U.S. economic growth and volatility in commodity prices, but said that so far he sees no undue risks. Russia's military intervention in Ukraine's Crimea peninsula has driven up oil markets.
Look for 100 percent increase in shares of financial institutions across the board, banking analyst Dick Bove said.
On second thought, the University of Chicago won't be having Fabrice Tourre teaching students.
CNBC'S Kayla Tausche reports on the potential business impact of U.S. banks amid the crisis in Ukraine. Citi has 45 branches across Russia.
MILAN, March 4- Euro zone banks could be forced to disclose any major balance sheet gaps discovered in a health check on the industry before the results are made public in October, the head of the European banking watchdog said on Tuesday.
*Canada's third-largest lender caps off strong bank earnings period. TORONTO, March 4- Bank of Nova Scotia capped off Canada's bank earnings period with a higher quarterly profit and a dividend increase on the back of strong domestic lending volumes and wealth management income, but its international retail operations posted softer results.
NEW YORK, March 4- Bill Gross, manager of the world's largest bond fund at Pimco, said Tuesday that risk assets should outperform cash this year and post higher returns if central banks can convince investors that easy money policies are stimulating growth.
LONDON, March 4- JPMorgan, Citigroup and four more major banks have signed up with an industry group to develop a central register of information on other banks they deal with to help to meet increasing compliance demands and costs.
DUBAI, March 4- Saudi Arabia's NCB Capital has appointed Sarah Al-Suhaimi as its chief executive, the investment bank said on Tuesday, the first time a woman has been named to head an investment bank in the conservative kingdom. NCB Capital, with about $12 billion of assets under management, is a unit of National Commercial Bank, Saudi Arabia's largest bank.
ABU DHABI, March 4- Former Federal Reserve Chairman Ben Bernanke said the U.S. central bank could have done more to fight the country's financial crisis and that he struggled to find the right way to communicate with markets.
Scotiabank's net income was C $1.71 billion, or C $1.32 a share, in the first quarter ended Jan. 31, compared with C $1.61 billion, or C $1.24 a share, a year earlier. Income at Scotiabank's international banking division, which covers much of Latin America and parts of Asia, slipped 2 percent to C $401 million.