European Bank

World stocks tumbled and European bank shares were on track for their biggest ever two-day fall on Monday as the political and economic fallout of Britain's shock vote to leave the EU drove sterling to a fresh 31-year low against the dollar.

No intention to boost exports with yuan devaluation: Premier

"China has no intention of stimulating exports via competitive devaluation of currencies," the premier said at the meeting in Beijing, which marks China's previously announced official entry into the bank.

China to extend onshore yuan trading next yr in key reform

The extension will also allow trading in the Chinese forex market to overlap with European trading hours in Beijing's latest effort to internationalize its currency, traders said. Reuters cited the central bank's plans to extend trading hours, in October, citing market sources.

China pushes yuan down further amid fears of currency war

Spot yuan fell to 6.43 per dollar, its weakest since August 2011, after the central bank set its daily midpoint reference at 6.3306, even weaker than Tuesday's devaluation. The currency fared worse in offshore trade, touching 6.57.

European assets to gain focus on cheaper valuation: Expert

European assets which are highly below book value will continue to be in focus among global investors.

Nikkei closes at 3-1/2 month low on Greece fears

Japan's Nikkei share average fell to a 3-1/2 month closing low on Tuesday, weighed down by exporters with exposure to Europe after Greece struggled to form a coalition government, increasing fears that it may have to leave the euro zone.

Banks prepare for Greek default, want EU help

Bankers are bracing for a Greek default, and their best hope is that Europe can erect firewalls around the banking system strong enough and soon enough to prevent it from spreading to other euro-zone countries.

Brent crude up 2% on Europe moves, strong diesel

Brent crude jumped more than 2% to above USD 115 a barrel on Thursday after major central banks moved to boost European bank funding and diesel and heating fuels rallied.

Periwal to head RBS' private banking biz in western India

Royal Bank of Scotland (RBS) today appointed Puneet Periwal as Market Head (west) in its private banking business.

Funding freeze fears return to haunt Europe's banks

Four years to the week since global financial markets totally seized up, European bank funding is again in short supply.

East EU states eye foreign debt, IMF warns on budgets

International lenders warned emerging European states on Tuesday to strengthen plans to consolidate their finances even as Poland, Romania and Hungary said they were assessing global market appetite for their bonds.

EU to include liquidity in bank stress tests, results in Q3

European Union finance ministers agreed on Tuesday to include targets on liquidity in new, tougher European bank stress tests to be conducted by the end of May, with results in the third quarter, EU presidency sources said.