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Bank

Russian central bank increases daily limit on euro-rouble forex swaps to 3.5 billion euros

February 25, 2022
Russian central bank increases daily limit on euro-rouble forex swaps to 3. 5 billion euros - photo licensed by shore news network.

MOSCOW – The Russian central bank increased the daily limit for its foreign exchange swap operations in euros to 3.5 billion euros from 2 billion …

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Russian central bank provides banks with $23 billion at 3-day repo auction

February 25, 2022
Russian central bank provides banks with $23 billion at 3-day repo auction - photo licensed by shore news network.

MOSCOW – Russia’s central bank on Friday said it had provided banks with 1.9 trillion roubles ($22.87 billion) out of 3 trillion roubles on offer …

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Japan’s central bank lowers limits on CP, corporate bond purchases

February 25, 2022
Japan's central bank lowers limits on cp, corporate bond purchases - photo licensed by shore news network.

TOKYO – The Bank of Japan (BOJ) said on Friday it had decided to reduce the maximum amounts of commercial paper (CP) and corporate bonds …

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Russian central bank raises limit for Friday’s repo auction to 3 trln rbls

February 25, 2022
Russian central bank raises limit for friday's repo auction to 3 trln rbls - photo licensed by shore news network.

MOSCOW – The Russian central bank on Friday said it was raising the limit at a “fine-tuning” repo auction later on Friday to 3 trillion …

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Clarksville Auto Dealer Charged With Bank Fraud

February 24, 2022
Clarksville auto dealer charged with bank fraud - photo licensed by shore news network.

NASHVILLE – A Clarksville, Tennessee, auto dealer was charged today with bank fraud,  resulting from a fraudulent scheme in which he obtained loans from several …

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Bank Robber Found Guilty Following Federal Trial

February 24, 2022
Bank robber found guilty following federal trial - photo licensed by shore news network.

Miami, Florida – A Miami federal jury found David Franklin Lee, 60, of Miami, guilty of attempted bank robbery, following a three-day trial, before U.S. …

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Former Dickinson, ND, Resident Sentenced to Federal Prison for Bank Fraud, Aggravated Identity Theft, and Possession of Stolen Mail

February 24, 2022
Former dickinson, nd, resident sentenced to federal prison for bank fraud, aggravated identity theft, and possession of stolen mail - photo licensed by shore news network.

BISMARCK – Interim United States Attorney Nicholas W. Chase announced that U.S. District Court Judge Daniel L. Hovland sentenced Ryan Gregory Lee, Age 43, from …

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Romanian National Sentenced to Five Years in Federal Prison for Bank Fraud and Wire Fraud Conspiracy Related to a Scheme to Steal Checks Intended for Religious Institutions from the Mail

February 24, 2022
Romanian national sentenced to five years in federal prison for bank fraud and wire fraud conspiracy related to a scheme to steal checks intended for religious institutions from the mail - photo licensed by shore news network.

Greenbelt, Maryland – U.S. District Judge Theodore D. Chuang sentenced Romanian national Mateus Vaduva, age 29, of Baltimore, Maryland, and Florida yesterday to five years …

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Founders Of Cryptocurrency Exchange Plead Guilty To Bank Secrecy Act Violations

February 24, 2022
Founders of cryptocurrency exchange plead guilty to bank secrecy act violations - photo licensed by shore news network.

Damian Williams, the United States Attorney for the Southern District of New York, announced that Arthur Hayes and BENJAMIN DELO, founders and executives of purportedly …

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Ukraine central bank bans payments to Russia, Belarus

February 24, 2022
Ukraine central bank bans payments to russia, belarus - photo licensed by shore news network.

KYIV – Ukraine’s central bank has banned payments to entities in Russia and Belarus as well as operations involving both nations’ currencies, the regulator said …

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China central bank makes biggest weekly cash injection since Jan 2020

February 24, 2022
China central bank makes biggest weekly cash injection since jan 2020 - photo licensed by shore news network.

BEIJING – China’s central bank made the biggest weekly cash injection in more than two years this week to maintain stable liquidity conditions towards the …

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World Bank preparing finance options for Ukraine -Malpass

February 24, 2022
World bank preparing finance options for ukraine -malpass - photo licensed by shore news network.

WASHINGTON – World Bank President David Malpass said on Thursday the lender stands ready to provide immediate support to Ukraine amid “shocking violence and loss …

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Russian central bank pledges support to sanctions-hit banks, promises to honor forex deposits

February 24, 2022
Russian central bank pledges support to sanctions-hit banks, promises to honor forex deposits - photo licensed by shore news network.

MOSCOW – Russia’s central bank is ready to support banks hit by Western sanctions, it said on Friday, promising to provide them with rouble and …

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Sanctions could complicate Citigroup sale of Russian consumer bank -sources

February 24, 2022
Sanctions could complicate citigroup sale of russian consumer bank -sources - photo licensed by shore news network.

By David Henry and Matt Scuffham NEW YORK – The sale of Citigroup’s Russian consumer bank could be complicated by U.S. sanctions on Russian state …

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Brazil central bank prepared to act in FX market in case of disproportionate contamination

February 24, 2022
Brazil central bank prepared to act in fx market in case of disproportionate contamination - photo licensed by shore news network.

By Marcela Ayres BRASILIA – Brazil’s central bank said it is prepared to act in the exchange market in case of disproportionate contamination on prices, …

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Russian central bank raises limit on banks’ outstanding debt under repo to $50 billion

February 24, 2022
Russian central bank raises limit on banks' outstanding debt under repo to $50 billion - photo licensed by shore news network.

MOSCOW – The Russian central bank on Thursday said it was raising the ceiling for banks’ outstanding debt under repo auctions to $50 billion from …

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Mexico core price inflation at 20-year high, underscoring central bank challenges

February 24, 2022
Mexico core price inflation at 20-year high, underscoring central bank challenges - photo licensed by shore news network.

MEXICO CITY – Mexican core price inflation in the first half of February climbed to levels not seen in over 20 years, according to official …

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Bank of England will fight inflation in a “measured way”, Pill says

February 24, 2022
Bank of england will fight inflation in a "measured way", pill says - photo licensed by shore news network.

LONDON – Bank of England Chief Economist Huw Pill said the British central bank will seek to bring fast-rising inflation down in a “measured way” …

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Hungary central bank raises one-week deposit rate by 30 bps to 4.6%

February 24, 2022February 24, 2022

BUDAPEST – Hungary’s central bank raised its one-week deposit rate by 30 basis points to 4.6% at a weekly tender on Thursday, as expected, two …

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Russian central bank increases daily dollar offer via forex swap to $5 billion

February 24, 2022
Russian central bank increases daily dollar offer via forex swap to $5 billion - photo licensed by shore news network.

MOSCOW – The Russian central bank increased daily dollars offered via foreign exchange swap operations with banks to $5 billion from $3 billion, it said …

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Owner of former Bozeman whiskey distillery admits bank fraud

February 24, 2022
Owner of former bozeman whiskey distillery admits bank fraud - photo licensed by shore news network.

MISSOULA — The owner of a former whiskey distillery in Bozeman today admitted to defrauding a bank that had loaned him money for the business, …

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Kazakhstan central bank hikes policy rate amid Ukraine crisis

February 24, 2022February 24, 2022

ALMATY – Kazakhstan’s central bank hiked its policy rate to 13.5% from 10.25% on Thursday as the central Asian nation’s tenge currency sank alongside the …

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Czech central bank vice-gov says Ukraine crisis will have inflationary effect

February 24, 2022February 23, 2022

PRAGUE – The crisis around Ukraine will have an inflationary effect on the Czech economy via higher energy prices, the central bank vice-governor Tomas Nidetzky …

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Bank of Canada March interest rate hike a done deal, say economists: Reuters poll

February 23, 2022
Bank of canada march interest rate hike a done deal, say economists: reuters poll - photo licensed by shore news network.

By Shrutee Sarkar BENGALURU – The Bank of Canada will raise interest rates by 25 basis points on March 2, earlier than previously thought and …

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HSBC ‘not looking to acquire’ Citi’s Mexico consumer bank

February 23, 2022
Hsbc 'not looking to acquire' citi's mexico consumer bank - photo licensed by shore news network.

MEXICO CITY – Executives for London-based HSBC, which controls one of the largest banking operations in Mexico, have told investors the chain is not interested …

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Bank of England reviews staff financial rules after Fed ethics scandal

February 23, 2022
Bank of england reviews staff financial rules after fed ethics scandal - photo licensed by shore news network.

LONDON – The Bank of England is conducting an internal review into its policy on officials’ personal financial dealings, in the wake of an ethics …

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First Abu Dhabi Bank set to sell $500 million sukuk

February 23, 2022February 23, 2022

By Yousef Saba DUBAI -First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is set to sell $500 million in senior unsecured Islamic bonds …

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IMF urges Bank of England to be clear about stimulus plans

February 23, 2022
Imf urges bank of england to be clear about stimulus plans - photo licensed by shore news network.

By Andy Bruce LONDON – The International Monetary Fund told the Bank of England on Wednesday to be clear about its plans to withdraw stimulus …

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Queens Man Admits Orchestrating $653 Million Money Laundering Conspiracy, Operating Unlicensed Money Transmitting Business, and Bribing Bank Employees

February 22, 2022
Queens man admits orchestrating $653 million money laundering conspiracy, operating unlicensed money transmitting business, and bribing bank employees - photo licensed by shore news network.

NEWARK, N.J. – A Queens, New York, man today admitted his role in coordinating a $653 million money laundering conspiracy, operating an unlicensed money transmitting …

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Exclusive-Ukraine central bank eyes new IMF talks in April to soothe markets over Russia

February 22, 2022
Exclusive-ukraine central bank eyes new imf talks in april to soothe markets over russia - photo licensed by shore news network.

By Natalia Zinets KYIV – Ukraine wants to launch talks with the International Monetary Fund on a new programme in April to reassure markets that …

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Russian central bank still sees inflation returning to 4% in mid-2023 -agencies

February 22, 2022
Russian central bank still sees inflation returning to 4% in mid-2023 -agencies - photo licensed by shore news network.

MOSCOW – The Russian central bank still expects inflation to return to its 4% target in mid-2023, news agencies cited Deputy Governor Alexei Zabotkin as …

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Digital, circular economy can earn Thailand $3.4 billion a year extra – World Bank

February 22, 2022
Digital, circular economy can earn thailand $3. 4 billion a year extra - world bank - photo licensed by shore news network.

BANGKOK – Digital and disruptive technologies and development of a circular economy can earn Thailand up to $3.4 billion each year in additional investments, savings …

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Bank of Korea to pause rate hikes on Feb 24, resume in Q2: Reuters poll

February 21, 2022
Bank of korea to pause rate hikes on feb 24, resume in q2: reuters poll - photo licensed by shore news network.

By Devayani Sathyan and Tushar Goenka BENGALURU – The Bank of Korea will leave rates on hold on Thursday after back-to-back hikes at the previous …

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Australia’s central bank to rejig market liquidity operations

February 21, 2022
Australia's central bank to rejig market liquidity operations - photo licensed by shore news network.

SYDNEY – Australia’s central bank is shaking up the way it provides liquidity to the banking system as it ceases quantitative easing and prepares for …

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Brazil central bank chief says inflation still climbing

February 21, 2022
Brazil central bank chief says inflation still climbing - photo licensed by shore news network.

By Marcela Ayres BRASILIA – Brazil’s central bank chief Roberto Campos Neto said on Monday consumer prices continue to trend higher as core inflation speeds …

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Don’t create booms and busts with post-Brexit reforms, Bank of England says

February 21, 2022
Don't create booms and busts with post-brexit reforms, bank of england says - photo licensed by shore news network.

By Huw Jones LONDON – Requiring regulators to keep the financial sector globally competitive following Brexit must not bring back the damaging booms and busts …

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Lebanon parliament extends lifting of bank secrecy to audit cenbank

February 21, 2022
Lebanon parliament extends lifting of bank secrecy to audit cenbank - photo licensed by shore news network.

BEIRUT – Lebanon’s parliament on Monday extended a law that lifts banking secrecy regulations to facilitate a forensic audit of the country’s central bank, a …

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Russian finance ministry to consider central bank proposals on cryptocurrencies

February 21, 2022
Russian finance ministry to consider central bank proposals on cryptocurrencies - photo licensed by shore news network.

MOSCOW – Russia’s finance ministry on Monday said it would take proposals on cryptocurrencies from the country’s central bank into account so long as they …

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Kenya’s central bank to hold next rate-setting meeting on March 29

February 20, 2022
Kenya's central bank to hold next rate-setting meeting on march 29 - photo licensed by shore news network.

NAIROBI – The Kenyan central bank’s Monetary Policy Committee will hold its next rate-setting meeting on March 29, the bank said on Monday. At its …

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United States Postal Service Letter Carrier Sentenced to Six Years in Federal Prison for Bank and Mail Fraud Conspiracy

February 19, 2022
United states postal service letter carrier sentenced to six years in federal prison for bank and mail fraud conspiracy - photo licensed by shore news network.

Baltimore, Maryland – U.S. District Judge Catherine C. Blake sentenced Johnson B. Ogunlana, age 25, of Edgewood, Maryland, to six years in federal prison, followed …

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Fed’s Brainard sees case for U.S. central bank digital currency

February 18, 2022
Fed's brainard sees case for u. S. Central bank digital currency - photo licensed by shore news network.

– Federal Reserve Board Governor Lael Brainard on Friday laid out a case for the role a U.S. central bank digital currency could play in …

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NY Fed’s Williams says central bank can manage soft landing for economy

February 18, 2022
Ny fed's williams says central bank can manage soft landing for economy - photo licensed by shore news network.

NEW YORK – Supply chain issues may gradually recede over time, easing some inflationary pressures and helping the Federal Reserve achieve its goal of controlling …

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Farmington Woman Sentenced to Prison for Stealing $103K from Bank Customer

February 18, 2022
Farmington woman sentenced to prison for stealing $103k from bank customer - photo licensed by shore news network.

Leonard C Boyle, United States Attorney for the District of Connecticut, announced that LEE BLANCHETTE, 59, of Farmington, was sentenced today by U.S. District Judge …

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China central bank warns of default risks after climate stress test

February 18, 2022
China central bank warns of default risks after climate stress test - photo licensed by shore news network.

SHANGHAI – China’s banks face rising default risks as a result of higher climate-related costs in carbon-intensive sectors like thermal power, steel and cement, Liu …

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Japan’s inflation may exceed 1% but stay below BOJ goal, says central bank official

February 18, 2022
Japan's inflation may exceed 1% but stay below boj goal, says central bank official - photo licensed by shore news network.

TOKYO – Japan’s consumer inflation may exceed 1% but will remain distant from the central bank’s 2% target, a senior Bank of Japan official said …

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Bank of America CEO: capital markets business down, but pipelines are full

February 17, 2022
Bank of america ceo: capital markets business down, but pipelines are full - photo licensed by shore news network.

NEW YORK – Bank of America Chief Executive Officer Brian Moynihan said the bank’s capital markets business “is down” so far in 2022, even as …

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Woman Sentenced to Federal Prison for Bank Robbery

February 17, 2022
Woman sentenced to federal prison for bank robbery - photo licensed by shore news network.

WILMINGTON, N.C. – A Harrisburg, Pennsylvania woman was sentenced today to 42 months in prison for robbing a bank in Ayden, North Carolina.  She was …

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Georgia Man Sentenced in Bank Fraud Scheme that Exploited Homeless Rhode Islanders

February 16, 2022
Georgia man sentenced in bank fraud scheme that exploited homeless rhode islanders - photo licensed by shore news network.

PROVIDENCE, R.I. – A Georgia man convicted for his role in a scheme in which Providence area homeless and transient individuals were recruited to cash …

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Commerzbank says board member Schmittroth to leave bank

February 16, 2022
Commerzbank says board member schmittroth to leave bank - photo licensed by shore news network.

FRANKFURT – Commerzbank on Wednesday announced that board member Sabine Schmittroth would leave the German lender at the end of the year. Commerzbank, which is …

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Turkey’s Ziraat Bank raises capital to 34.9 billion lira

February 16, 2022February 16, 2022
Turkey's ziraat bank raises capital to 34. 9 billion lira - photo licensed by shore news network.

ISTANBUL – The capital of Turkey’s Ziraat Bank will be raised to 34.9 billion lira ($2.57 billion) according to footnotes of the bank’s annual financial …

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