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Monte dei Paschi mulls rescue bids as EU banks await stress-test results

The Guardian - ‎18 minutes ago‎
European regulators will release the results of a stress test on MPS, Italy's third largest bank, and 50 others across the EU that are being assessed after the close of US markets on Friday.
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World NewsEU's bank stress test: 5 things to look out for

Financial Times - ‎3 hours ago‎
At 2200 CET, the European Banking Authority will release the results of its latest health check on the state of the continent's biggest and most systemically important lenders, writes Mehreen Khan.
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Bank of Japan blames Brexit as it renews monetary stimulus

The Guardian - ‎11 hours ago‎
The Bank of Japan has announced a modest expansion of its monetary easing programme, blaming Britain's decision to leave the European Union as the biggest uncertainty facing world markets.
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Lloyds takes £350m charge over mortgage arrears inquiry

The Week UK - ‎6 hours ago‎
The state-backed bank revealed in results yesterday that it had taken a £351m charge amid an ongoing investigation by the financial regulator into its treatment of mortgage borrowers who fall into arrears.
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Deutsche Bank reveals fall in profits as markets await stress test results

The Guardian - ‎Jul 27, 2016‎
Profits at Deutsche Bank fell sharply in the first half of the year, Germany's biggest lender has revealed, as the markets await the results of health checks on EU banks which could shed light on its financial strength. Deutsche's chief executive said ...
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Bank of England prepares to tackle Brexit hit

Reuters UK - ‎2 hours ago‎
After the Bank of Japan (BoJ) on Friday disappointed expectations of a major new stimulus drive, the BoE could even add to the Brexit uncertainty in Britain if it simply shaves its already record-low interest rates, some economists say.
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Banks must boost efficiency by sharing more costs, says UBS

Financial Times - ‎8 hours ago‎
The comments came as the Swiss bank reported adjusted pre-tax profits of SFr1.672bn in the three months to end June, against the SFr1.205bn expected by analysts polled on July 11 and the SFr1.635bn a year earlier.
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German digital bank Fidor acquired by French banking giant

ComputerWeekly.com - ‎8 hours ago‎
CEO Matthias Kröner and his colleagues applied to the German Federal Financial Supervisory Authority, BaFin, for a banking licence back in 2007. Fidor uses social media to overcome the cost and complexity of traditional banking, and increases customer ...

CompaniesMonte dei Paschi bank approves private sector rescue plan

Financial Times - ‎5 hours ago‎
It comes as Monte dei Paschi is widely expected to emerge as the weakest lender from a round of Europe-wide stress test on 51 banks due to be published late on Friday. The bank's shares are up 5.7 per cent at publication time. The stress tests, due at ...
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Blame bank closures on smartphones not Brexit

The Independent - ‎Jul 28, 2016‎
At the same time that the banking group announced a 101 per cent increase in pre-tax profits this week, Lloyds Banking Group called time on yet another swathe of branches and the loss of 3,000 jobs by 2017 - doubling the number of its high street ...
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MarketsBank of Russia leaves rates on hold at 10.5%

Financial Times - ‎7 hours ago‎
The Bank of Russia has kept rates on hold at 10.5 per cent, a month after its first cut in almost a year. In June the bank lopped 50 basis points off its benchmark rate after holding it steady at 11 per cent since last June, writes Joel Lewin. A sharp ...

Don't panic, Nigerian governor says, as bank shake-out looms

Daily Mail - ‎4 hours ago‎
For now, depositors and investors are generally giving the Central Bank of Nigeria Governor the benefit of the doubt after he shored up mid-tier lender Skye Bank this month with a loan and replaced its management when its capital fell below levels ...
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Moment cyclist Ying Tao is hit by lorry at Bank, as grieving husband calls for driver to face prosecution

Evening Standard - ‎8 hours ago‎
The husband of a young cyclist run over by a left-turning lorry at Bank today demanded that police reopen the investigation into her death.

ALEX BRUMMER: The Bank of England must cut interest rates now - central banks can't afford to get behind the curve

This is Money - ‎Jul 28, 2016‎
A big economic lesson of the turbulent years since the financial crisis of 2008 is that central banks cannot afford to get behind the curve.
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In praise of the European Central Bank

Spectator.co.uk (blog) - ‎5 hours ago‎
During the EU referendum campaign, there was much unfavourable comment (usually justified) about foreign entities or leaders who intervened to try to frighten us into voting Remain.
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Barclays adds £400m to PPI payments as profits fall

BBC News - ‎10 hours ago‎
Profits at Barclays fell by 21% in the first half of the year as the bank set aside a further £400m to compensate customers mis-sold payment protection insurance (PPI).
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Next Reserve Bank of India governor faces rough ride

Financial Times - ‎Jul 28, 2016‎
Five days before the UK voted to leave the EU, Indian media were abuzz with talk of “Rexit”: Raghuram Rajan's sudden announcement that he would give up leadership of the Reserve Bank of India in September. That followed months of speculation over his ...
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