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British firms more upbeat on economy, credit scheme helping: lobby

May 14, 2013 21:00
LONDON (Reuters) - British companies have grown more optimistic about the economy in recent months as a recovery, increasingly aided by a central bank funding scheme, is gathering pace, a leading business lobby said on Monday. The Confederation of British Industry (CBI) said businesses' view of the future had shifted slightly, although it kept its forecasts for the country's economic growth unchanged from February at 1 percent in 2013 and 2 percent in 2014.

Europe at odds over path toward banking union as Germany advocates cautious 2-step approach

The Canadian PressMay 13, 2013 04:15
BERLIN - European leaders are increasingly at odds over how to create a full-fledged banking union, the bloc's key project to stabilize its financial system and turn the tide in its stubborn debt crisis. A majority of the 17 countries in the European Union's common euro currency union want to swiftly create a central banking regulator as well as an authority that can rescue or unwind ailing banks.

World's first green bank loans $1billion in first months of operation

May 9, 2013 19:46
LONDON (Reuters) - Britain's Green Investment Bank (GIB), the world's first bank solely focused on lending to clean energy projects, said it allocated 635 million pounds ($988 million) in funding over its first five months of operation. The bank, which opened in November 2012 and is capitalized with 3 billion pounds of government money, supported eleven projects over its first five months, most of which manage or produce energy from waste.

Fed says banks eased lending standards again, loan demand up

May 7, 2013 11:41
WASHINGTON (Reuters) - Banks eased lending standards to U.S. businesses and for some types of consumer debt over the last three months as competition intensified and demand for loans advanced, the Federal Reserve said on Monday. The findings of its quarterly senior loan officers survey, which provides a detailed dispatch from the front lines of the U.S. economy, were broadly in line with other indicators showing steady, but still gradual U.S. growth.

Italy freezes Nomura assets in Monte Paschi probe

April 26, 2013 06:31
By Nathan Layne and Silvia Ognibene TOKYO/SIENA (Reuters) - Nomura Holdings Inc said on Friday Italian prosecutors had frozen its assets in Italy in connection with a high-profile investigation over a derivatives contract with local lender Banca Monte Dei Paschi di Siena. Nomura Chief Financial Officer Shigesuke Kashiwagi said his bank had been informed on April 23 that Nomura Bank International's (NBI) assets in Italy had been frozen.

China to increase scrutiny on wealth management products

April 24, 2013 00:30
BEIJING (Reuters) - China will heighten oversight on wealth management products in 2013 by taking a closer look at money flows off banks' balance sheets to reduce financial risks at a time when growth is slowing in the world's No. 2 economy. The China Banking Regulatory Commission (CBRC) also said on Wednesday it remained committed to cutting risks from loans to local government financing vehicles (LGFVs) this year, but stopped short of any detailed action.

EU Parliament likely to back forced losses on wealthy failed bank depositors

April 23, 2013 14:34
By Claire Davenport BRUSSELS (Reuters) - The European Parliament is likely to back plans to impose losses on wealthier depositors in failed banks while shielding smaller savers, its lead negotiator on the rules said on Tuesday. Talks are under way to finalise EU rules on crisis-hit banks following the bailout of Cyprus, in which both large and small depositors were originally going to be hit before the plan was changed to charge only the former.

Europe Parliament likely to approve forced losses on wealthy failed bank depositors

April 23, 2013 14:17
By Claire Davenport BRUSSELS (Reuters) - The European Parliament's lead negotiator on EU rules for dealing with failing banks said on Tuesday the body was likely to back imposing losses on wealthier depositors but shield small savers. Talks are under way to finalise EU rules on crisis-hit banks following the bailout of Cyprus, in which both large and small depositors were originally going to be hit before the plan was changed to charge only the former.

Europe Parliament likely to approve forced losses on wealthy failed bank depositors

April 23, 2013 11:30
By Claire Davenport BRUSSELS (Reuters) - The European Parliament's lead negotiator on EU rules for dealing with failing banks said on Tuesday the body was likely to back imposing losses on wealthier depositors but shield small savers. Talks are under way to finalise EU rules on crisis-hit banks following the bailout of Cyprus, in which both large and small depositors were originally going to be hit before the plan was changed to charge only the former.

Global survey reveals unhappiness with retail banks

April 23, 2013 09:45
LONDON (Reuters) - Banks have made little progress in improving customer service over the past year, with around a half of their retail customers considering switching to a rival, according to a survey published on Tuesday. The 2013 World Retail Banking Report from Capgemini <CAPP.PA>, which polls over 18,000 retail banking customers in 35 countries, found that 41 percent of customers were unsure if they would stay with their bank in the next six months, while an additional 10 percent indicated that they would leave.
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