Bank News
-
US Treasury, financial industry discuss cryptocurrency ‘stablecoins’The US Treasury Department met with a number of industry participants this week to quiz them about the risks and...
-
Lebanon working to secure World Bank financing for power planThe Lebanese government said on Wednesday it was working with the World Bank to secure financing for a plan to...
-
European banks still booking profits in tax havens: reportTop banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little...
-
Indian economic growth leaps despite pandemic curbsIndia's economy rebounded in the April-June quarter even while a devastating second wave of Covid-19 swept the country, with growth...
-
Powell’s wait-and-see speech reassures some investorsFederal Reserve Board Chairman Jerome Powell's wait-and-see approach in Friday's long-awaited address gives investors and market participants an extraordinary central...
-
Afghanistan’s banks brace for bedlamAfghanistan's banks, critical to the country's recovery from crisis, are facing an uncertain future say its bankers, with doubts over...
-
China central bank increases cash injections to soothe tightening worriesChina's central bank increased short-term fund injections into the financial system on Wedneday, in a bid to soothe market worries...
-
World Bank 'deeply concerned,' pauses aid to AfghanistanThe World Bank has suspended aid to Afghanistan, saying it is "deeply concerned" by the situation there, especially regarding women's...
-
$250M CURRENCY SWAP WITH BB: Sri Lanka gets first tranche of $50m this weekThe central bank will lend $50 million to under-pressure Sri Lanka this week as part of Bangladesh's efforts to support...
-
ECB must tighten rules to counter inflationThe European Central Bank must tighten monetary policy if it needs to counter inflationary pressures and cannot be put off...
-
Singapore banks report strong profit growth, loan losses declineSingapore lenders Oversea-Chinese Banking Corporation and United Overseas Bank beat quarterly profit estimates on Wednesday (Aug 4), driven by recovery...
-
IMF approves largest SDR allocation in historyThe board of governors of the International Monetary Fund (IMF) has approved a new general allocation of Special Drawing Rights...
-
CPD finds 5.3 per cent inflation rate unrealistic as living cost goes upThe 5.3 percent inflation target, set by Bangladesh Bank’s new monetary policy, is not realistic as it has been estimated...
-
Citigroup gets regulatory nod for fund custody business in ChinaCitigroup said on Friday (Jul 30) it had become the first major global custodian allowed to operate an onshore fund...
-
Digital rivals? Central bank e-cash plans prompt lenders to wade inAs central banks dabble with digital currencies, commercial lenders are ramping up efforts to influence policy and technical plans, according...
-
Keri Russell, Jesse Tyler Ferguson cast in 'Cocaine Bear'Actors Keri Russell, O'Shea Jackson, Ray Liotta, Alden Ehrenreich, and Jesse Tyler Ferguson are set to star in actor-filmmaker Elizabeth...
