By Andrea Shalal MARRAKECH, Morocco (Reuters) – The U.S. Treasury Department is pushing the World Bank and regional multilateral development banks to complete work on new rules for leveraging shareholder…
NEW YORK (Reuters) – The Federal Reserve said on Thursday that credit it has extended to help wind down failed banks marked a big drop in the latest week. The…
By Nell Mackenzie LONDON (Reuters) – Global hedge funds raced to load up on bullish positions in banks, insurance companies and capital markets as September drew to a close, Morgan…
BUDAPEST (Reuters) – Hungary’s government has raised the 2023 budget deficit target to 5.2% of economic output from 3.9%, the finance ministry said on Tuesday, citing increased spending on pensions,…
BUDAPEST (Reuters) – Hungary’s government has asked banks to impose a voluntary cap on interest rates on new loans for households and companies from Oct. 9 to boost lending and…
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – Central banks across major developed economies delivered what looked like a last gasp set of rate hikes in September, while economies…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Commodity Futures Trading Commission on Friday ordered Goldman Sachs, Bank of America and JPMorgan to pay a total of over $50 million to…
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s central bank said on Tuesday it was looking into whether banks involved in a S$2.4 billion ($1.75 billion) money laundering scandal in the…
By Huw Jones LONDON (Reuters) – European Union banks already largely meet tougher global capital rules to bolster defences against economic crises and now only need to find another 600…
By Nevzat Devranoglu ANKARA (Reuters) – The Turkish central bank’s net international reserves rose by more than $6 billion last week to about $24 billion, four bankers said on Tuesday,…
‘Quiet Crisis’: Food Banks Are Inundated With Requests For Aid As Inflation Bites Will Kessler on September 25, 2023 Food banks across the U.S. are reporting a massive uptick in…
By Valentina Za MILAN (Reuters) – Italy’s larger banks are still expected to pay a one-off banking tax despite the government at the weekend offering lenders a way out in…
(Reuters) – Rising wage costs and higher investment spending by Australian banks pose headwinds that could potentially impact the sector’s earnings by up to 10% in the near term, analysts…
By Huw Jones LONDON (Reuters) – Most leading euro zone banks have met a January 2024 target for issuing special debt to replenish capital in a crisis, but some need…
By Lucinda Elliott MONTEVIDEO (Reuters) – Diego Labat, Uruguay’s central bank chief, is sitting pretty. Inflation is at the lowest level in nearly two decades, the currency is one of…
FRANKFURT (Reuters) – Euro zone banks will repay early another 34.2 billion euros in multi-year loans from the European Central Bank, shedding central bank liquidity as borrowing costs rise, ECB…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand banks on Friday said they would introduce new steps to counter scams targeted at its customers including establishing a national Anti-Scam centre,…
By Huw Jones LONDON (Reuters) – This year’s bank turmoil showed some boards and senior management failed in their most basic responsibilities and more regulatory guidance may be needed, a…
BEIJING (Reuters) -China’s central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second time this year to boost liquidity…
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) – Talks between Sri Lanka and its international bondholders will seek common ground on how much of a hit should be…
By Jamie McGeever ORLANDO, Florida (Reuters) -If you view global central banks’ and reserve managers’ appetite for U.S. Treasuries through a value-adjusted lens, official sector demand for U.S. government bonds…
SHANGHAI (Reuters) -China’s central bank has asked some of the country’s biggest lenders to refrain from immediately squaring their foreign exchange positions in the market, and to run open positions…
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog told banks on Friday it would “ramp up” checks on whether they were properly assessing and managing risks from large customers…
NEWARK, N.J. – Cabral Simpson, a 46-year-old man from Orange, New Jersey, pleaded guilty to conspiring to commit wire fraud. U.S. Attorney Philip R. Sellinger announced the plea, which was…
By Aniruddha Ghosh (Reuters) – Goldman Sachs and Morgan Stanley are poised for stronger results next year compared to other large-cap U.S. banks as dealmaking on Wall Street picks up…