Online financing, rising costs squeeze profits at China’s midsize banks
SHANGHAI/HONG KONG (Reuters) – (story refiles to make clear RS Investments manages $22.3 billion)
Europe’s bank test celebrations mask mounting challenges
FRANKFURT (Reuters) – Investors were spared immediate pain on Sunday after the European Central Bank’s landmark banking health check did not force massive capital hikes amongst the euro zone’s top lenders.
ECB fails 25 banks in health check but problems largely solved
FRANKFURT (Reuters) – Roughly one in five of the euro zone’s top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday.
Federal Reserve to take away the punch bowl
LONDON (Reuters) – Unless it springs a major surprise, the U.S. Federal Reserve will call time this week on its program of government bond purchases, which at one point was pumping $85 billion a month into financial markets and the economy.
Exclusive: Salesforce to make big push into healthcare industry
SAN FRANCISCO/SEATTLE (Reuters) – Salesforce Inc is betting big on healthcare, hiring key personnel and ramping up investment in hopes of replacing outmoded medical industry infrastructure and carving out a $1 billion annual business.
Departing Barroso sees EU stronger after euro debt crisis
BRUSSELS (Reuters) – Outside the European Commission’s hulking headquarters, a poster on a street lamp proclaims “Titanic: final weeks”.
Senior Japan official calls for Abe to delay sales-tax hike
TOKYO (Reuters) – A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to the premier ahead of the difficult tax …
Panasonic says to transfer Sanyo TV unit in U.S. to Funai Electric
TOKYO (Reuters) – Panasonic Corp said it is transferring its Sanyo television unit in the U.S., which supplies sets to Wal-Mart Stores, to Funai Electric Co. of Japan in return for annual royalty payments.
ECB faces test of its own as Europe braces for landmark banking review
FRANKFURT (Reuters) – After putting the euro zone’s top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday – will its landmark health check succeed in convincing investors the region’s lenders are safe?
Deutsche Bank lawyer found dead by suicide in New York
BERLIN (Reuters) – A senior Deutsche Bank regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday.
