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Exclusive - U.S. regulator set to fail Wells Fargo on community lending test -sources


WASHINGTON A U.S. bank regulator is ready to fail Wells Fargo on a national scorecard for community lending, sources familiar with the decision said on Wednesday, in a move that could limit near-term expansion for the bank.

Payments start-up Circle moves away from bitcoin business 07 Dec 2016

NEW YORK U.S.-based Circle Internet Financial Ltd, a social payments app backed by Goldman Sachs, said on Wednesday it will no longer allow customers to buy and sell bitcoin because it has failed to become a meaningful part of its business.


EU fines Agricole, JPMorgan and HSBC $520 million over Euribor 07 Dec 2016

BRUSSELS The European Commission has fined Credit Agricole , HSBC and JPMorgan Chase a total of 485 million euros (412.37 million pound) for their alleged participation in a cartel to manipulate the price of the Euribor financial benchmark. | Video

UPDATE 1-Nigeria names advisers for January start to $1 bln Eurobond sale 07 Dec 2016

LAGOS, Dec 7 Nigeria has appointed Citigroup , Standard Chartered Bank and Stanbic IBTC Bank to manage a planned $1 billion Eurobond sale and hopes to start the issuance process in January, Finance Minister Kemi Adeosun said on Wednesday.


Credit Suisse's Thiam steps up cost cuts, lowers profit goals 07 Dec 2016

ZURICH Credit Suisse on Wednesday pledged to cut another 1 billion Swiss francs (786.20 million pound) in costs and pared back profit targets amid challenging markets which have made it harder for banks to make money.


European shares on a fourth quarter high as banks gain further ground 07 Dec 2016

LONDON European shares rose on Wednesday with the regional banking index hitting an 11-month peak after Credit Suisse announced further costs cuts and Italian banks poised for their best two-day run since 2012.


Wall Street rises, euro down ahead of ECB meeting 06 Dec 2016

NEW YORK Oil futures snapped a four-day rally on Tuesday on signs of higher output while the euro slipped from a three-week high ahead of a Thursday meeting of the European Central Bank.


RBS to pay investors 800 million pounds in bid to avoid fundraising trial 05 Dec 2016

LONDON Royal Bank of Scotland has agreed to pay 800 million pounds in an out-of-court settlement over allegations it misled shareholders during a 12 billion pound fundraising at the height of the financial crisis.


UniCredit in exclusive talks to sell Pioneer to Amundi 05 Dec 2016

MILAN UniCredit entered exclusive talks with France's Amundi to sell its asset management arm Pioneer Investments, Italy's biggest bank said, setting the scene for a deal that could be worth more than 3.5 billion euros (3 billion pound).


"Fintech" poses challenges for banking-sector stability - BOJ's Kuroda 05 Dec 2016

TOKYO New financial technology, or "fintech," poses fresh challenges for central banks in maintaining banking-sector stability, Bank of Japan Governor Haruhiko Kuroda said on Monday.