May 6, 2013
- Citi's largest individual shareholder, Saudi prince Alwaleed bin Talal threw cold water on the idea of splitting up the banking giant, reports CNBC's Kayla Tausche.
- WASHINGTON, May 6- Banks eased lending standards to U.S. businesses and for some types of consumer debt over the last three months as competition intensified and demand for loans advanced, the Federal Reserve said on Monday.
- MADRID, May 6- Spain's Prime Minister Mariano Rajoy said he backed potential additional action by the European Central Bank to help small businesses obtain funding at reasonable rates. The Spanish premier said the European Investment Bank could also do more to help businesses struggling to obtain credit.
- New York's AG Eric Schneiderman is going after Wells Fargo and Bank of America for mortgage settlement violations, reports CNBC's Diana Olick.
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- *Swiss under pressure after Luxembourg, Austria loosen secrecy. Switzerland agreed in 2009 to share more information with foreign authorities hunting tax cheats on request, but it has consistently rejected an automatic exchange of data.
- *Swiss under pressure after Luxembourg, Austria loosen secrecy. Switzerland agreed in 2009 to share more information with foreign authorities hunting tax cheats on request, but it has consistently rejected an automatic exchange of data.
- *Shilling seen weakening on possible rate cut. NAIROBI, May 6- The Kenyan shilling weakened after the central bank said on Monday it had moved its policy meeting to Tuesday, spurring market players to buy dollars as they bet on an interest rate cut. At the 1300 GMT market close, commercial banks quoted the shilling.
- ROME, May 6- The European Central Bank is closely watching incoming data and is ready to take further action if needed to address economic weakness, ECB President Mario Draghi said on Monday.
- *Analyst recommends Italy over Spain among riskier debt. By Marius Zaharia and Ana Nicolaci da Costa. LONDON, May 6- German Bunds held stable on Monday, with bets that the U.S. economic recovery will regain momentum offseting support from expectations the European Central Bank may ease policy further.