Banks and Finances

1. E.C.B. President's Comments Send Euro Lower. The president of the European Central Bank on Thursday cited the rising value of the euro currency as a possible threat to the region’s economic recovery, comments that immediately sent the euro down sharply against the dollar and yen. Mario Draghi, the E.C.B. chief, denied that the central bank was trying to influence the value of the euro, no doubt mindful of provoking a currency war with Japan or the United States. But he then made statements that markets interpreted as meaning the E.C.B. could take action if the euro rose too much.

2. Euro tumbles on ECB Draghi's currency comment, outlook. The euro slid against the dollar and yen on Thursday after European Central Bank

1.  Bank of America's Online Banking Crashes. Bank of America crashed Friday, leaving customers temporarily unable to access their accounts. From late morning Friday, customers trying to log on saw a message that said the site was "temporarily unavailable." Bank of America Corp., which is based in Charlotte, N.C., and is the second-largest U.S. bank by assets, said it was working on the problem. But it wouldn't elaborate on what caused the outage.

2.  Bank of America: Economic Winner. Bank of America was the winner among the largest U.S. banks on Friday,

1.  Asian markets mixed, eyes on Bank of Japan meeting. Asian markets were mixed Monday, with Tokyo’s Nikkei hit by a stronger yen and profit-taking after last week’s rally, while dealers await the outcome of a policy meeting at the Bank of Japan. Wall Street provided a strong lead, with the Dow and S&P 500 hitting more than five-year highs Friday after Republicans proposed a three-month increase to the US debt ceiling in order to agree a budget and long-term spending cuts. Tokyo’s Nikkei, which hit a 33-month high Friday, fell 1.52 percent, shedding 165.56 points to 10,747.74. Sydney closed up 0.13 percent, or 6.3 points, at 4,777.5.

2.  Yen In Focus Before Bank Of Japan Meeting. The yen was in focus on foreign-exchange markets Monday as it recovered in Europe

1.  Henderson settles John Laing legal case. Henderson Global Investors has reached a final settlement with 22 of its pension fund clients which sued the fund manager over an ill-fated acquisition of infrastructure company John Laing. Henderson has agreed to meet its clients' court costs in return for them withdrawing their claims, according to a joint statement to the London Stock Exchange.

2.  Which bank is missing from the Moscow Exchange IPO? The Moscow Exchange is moving towards an IPO over the coming months,

1. 50 bps rate cut likely in RBI policy review: Credit Suisse. The Reserve Bank is likely to cut key interest rates by 0.50%, to 7.5%, in the forthcoming monetary policy review on easing inflationary pressures, says a Credit Suisse research report. Positive surprises in the recent WPI inflation data -- both headline and core -- and likely ebbing of inflationary pressures may prompt the central bank to cut key interest rate in its next policy meet.

2. MNC insurers pitch for hike in FDI cap to 49%. Increase in limit will improve insurance penetration in India.