GREECE: ‘ Banks must find extra €14bn to survive dire economic downturn ‘

#AceFinanceReport – Oct.31:.European Central Bank audit identifies capital shortfall in worst-case scenario

Greece’s four main banks need to find another €14bn (£10bn) of reserves to ensure they could withstand an economic downturn, the European Central Bank said on Saturday.

The four banks – Alpha Bank, Eurobank, NBG and Piraeus Bank – have until 6 November to say how they intend to make up that shortfall, the ECB said.

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WASHINGTON: ‘ US economy slowed to 1.5 pct. growth rate in third quarter @AP

#AceMarketsNews The U.S. economy slowed sharply in the summer, reflecting a cutback in businesses’ stockpiling of goods, which offset strength in consumer spending (AP)reported.

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#UPDATE ‘ Deutsche Bank cuts 9,000 jobs & sells businesses after making a net loss of 6-billion Euros ‘

#AceFinanceNews – Oct.29: Deutsche Bank said it is cutting 9,000 jobs and selling businesses with a further 20,000 jobs in an announcement Thursday, after reporting a net loss of 6 billion euros ($6.6 billion) USA Finance reported.

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#MARKETS – Deutsche Bank to eliminate 2015, 2016 dividends, plans to resume at ‘competitive payout ratio’ in FY 17 – @CNBC

#AceMarketsNews – Oct.28: Deutsche Bank to eliminate 2015, 2016 dividends, plans to resume at ‘competitive payout ratio’ in FY 17.

Original Article: https://twitter.com/CNBCnow/status/659454646763786240

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#MARKETS ‘ US stocks rally after Federal Reserve keeps rates unchanged; Dow gains about 198 points’

#AceMarketNews – Oct.28: US stocks rally after Federal Reserve keeps rates unchanged; Dow gains about 198 points.

Original Article: http://www.cnbc.com/2015/10/28/us-markets.html

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‘ PayPal says makes $1 billion in small-business loans in first two years ‘

#AceFinanceReport – Oct.27: PayPal Holdings Inc , the online payment processor, said on Tuesday its small-business lending program has processed $1 billion in loans in the first two years of its launch and more than doubled loan growth in that span.

Original Article: http://feeds.reuters.com/~r/reuters/technologyNews/~3/2HmIUTXiFHI/story01.htm

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#MARKETS – Central Bank of Syria (CBS) confirm USD exchange rate on Tuesday set at SYP 323.56

#AceMarketsNews – Oct.27: The Central Bank of Syria (CBS) on Tuesday set the exchange rate of the USD against the SYP at 323.56 for banks and 323.61 for currency exchange companies.

The USD exchange rate for transfers was set at SYP 322.

The CBS also set the exchange rate of the Euro at SYP 357.04 for banks and SYP 357.09 for currency exchange companies and SYP 356.23 for transfers.

The USD exchange rate against the SYP was the same on Monday.

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#MARKETS – Alibaba shares rise more than 11% in pre-market trading after revenue beats estimates – @business

#AceMarketsNews – Oct.27: Alibaba shares rise more than 11% in pre-market trading after revenue beats estimates – @business

Original Article: http://www.bloomberg.com/news/articles/2015-10-27/alibaba-second-quarter-sales-beat-estimates-on-merchants-ads

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#MARKETS – JetBlue shares rise 3% after 3rd-quarter earnings beat expectations with net income of $198 million – @MarketsTicker

#AceMarketsNews – Oct.27: JetBlue shares rise 3% after 3rd-quarter earnings beat expectations with net income of $198 million – @MarketsTicker

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#MARKETS – T-Mobile reports lower-than-expected earnings, strong customer growth – @MarketsTicker

#AceMarketsNews – Oct.27: T-Mobile reports lower-than-expected earnings, strong customer growth – @MarketsTicker

Original Article: http://www.marketwatch.com/story/t-mobile-reports-lower-than-expected-earnings-strong-customer-growth-2015-10-27

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