UK has no plan to cut interest BoE pays to banks: Treasury official
LONDON (Reuters) – Britain’s finance ministry has no plan for the Bank of England to cut the amount of interest it pays to banks, the …
banks
ECB to raise scrutiny of banks’ credit risk, funding in 2023 as recession looms
FRANKFURT (Reuters) – The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it said on Monday while outlining …
Waning trust: China shadow banks pivot away from property to survive
By Engen Tham, Clare Jim and Julie Zhu SHANGHAI/HONG KONG (Reuters) – For more than a decade, Chinese developers’ debt-fuelled construction boom enriched the country’s …
Turkish watchdog cuts banks’ forex to capital ratio limit
ISTANBUL (Reuters) – Turkey’s BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum 5% according …
U.S. senators propose law to boost transparency at regional Fed banks
By Michael S. Derby (Reuters) – Democratic Senator Elizabeth Warren and Republican Senator Pat Toomey have joined together to propose legislation that would make it …
Some banks may struggle to pay back ECB loans, says EU watchdog
By Huw Jones LONDON (Reuters) – Some banks in the euro zone could struggle to pay back money borrowed from the European Central Bank as …
Ghana sets relief measures for banks participating in local debt exchange
By Cooper Inveen ACCRA (Reuters) – Ghana’s central bank has laid out relief measures for banks that participate in the government’s domestic debt exchange in …
U.S. does not object to Kazakh banks using Russia’s Mir bank card
ALMATY (Reuters) – The U.S. Treasury Department has told banks in Kazakhstan it does not object to Russians in Kazakhstan using Russia’s Mir payments cards, …
U.S. does not object to Kazakh banks using Russia’s Mir bank card
ALMATY (Reuters) – The U.S. Treasury Department has told banks in Kazakhstan it does not object to Russians in Kazakhstan using Russia’s Mir payments cards, …
Manchester Man Sentenced to 57 Months for Robbing Six Banks Across New Hampshire and Massachusetts
CONCORD – Eric Mohan, 48, of Manchester, was sentenced today to 57 months in federal prison for a string …
Senators Warren, Smith ask Fed for accounting of banks’ crypto ties
(Reuters) – U.S. Senators Elizabeth Warren and Tina Smith are demanding an accounting from the Federal Reserve and other U.S. financial regulators of banks’ cryptocurrency …
Britain urges banks to offer mortgage flexibility in cost-of-living crisis
By Huw Jones and Iain Withers LONDON (Reuters) -Britain has called on banks to support households finding it difficult to make payments on mortgages during …
Australian fund managers keep big banks at arm’s length
By Lewis Jackson SYDNEY (Reuters) – Holdings of Australia’s big banks by domestic fund managers are hovering near record lows on expectations that a combination …
Australia’s Big Four banks pass central bank rate hike to home loan customers
(Reuters) – All of Australia’s “big four” banks said on Tuesday they will raise their home loan rates by a quarter-point, passing on the central …
Moody’s sees ‘very high’ foreign exchange risk for banks in Ukraine, Turkey
LONDON (Reuters) – Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital flows, weak international reserves and …
Russian banks snap up $17.7 billion at central bank repo auctions
MOSCOW (Reuters) – Russian banks raised 1.1 trillion roubles ($17.71 billion) at repo auctions held by the central bank on Monday, demonstrating sustained demand for …
Global central banks extend rate hike push in November
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of rate hikes delivered by central banks in November picked up speed …
Bargains begin luring big banks back to China bets for 2023
By Summer Zhen and Tom Westbrook HONG KONG (Reuters) -As Chinese assets whipsaw around hopes and fears over the country’s path out of the pandemic, …
Global central banks extend rate hike push in November
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of rate hikes delivered by central banks in November picked up speed …
Indonesia inflation expectations coming down near central bank’s forecast – gov
(Reuters) – Indonesia’s central bank governor Perry Warjiyo said on Friday inflation expectations were coming down rapidly after Bank Indonesia (BI) started hiking interest rates …
When the chips go up: Big banks bet on South Korea, Taiwan stocks for 2023
By Harish Sridharan (Reuters) – Global banks are turning bullish on South Korean and Taiwanese shares, expecting a revival in semiconductors to drive a rally …
Euro zone banks not facing up to reality of downturn, ECB says
FRANKFURT (Reuters) – Euro zone banks have not yet fully faced up to the reality of an economic downturn, so finance industry supervisors will need …
BlackRock backs banks, cuts European, EM debt as part of ‘new playbook’
By Davide Barbuscia and Marc Jones NEW YORK (Reuters) -Asset manager BlackRock has said 2023 will require a new investment playbook, backing banks and energy …
Fed’s Brainard: Successive supply shocks a challenge for central banks
By Howard Schneider WASHINGTON (Reuters) – The successive shocks to global supply chains from the pandemic and the war in Ukraine could “herald a shift” …
Indian banks’ loan growth to accelerate despite higher interest rates -Fitch
BENGALURU (Reuters) – Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity …
Few Credit Suisse clients have closed accounts – CEO of the bank’s Swiss unit
ZURICH (Reuters) – The head of Credit Suisse’s Swiss unit said “some customers have withdrawn some of their money, but very few have actually closed …
Ahead of November FOMC, big banks saw 4.875% peak Fed rate target
By Michael S. Derby (Reuters) – Wall Street’s biggest banks told the Federal Reserve ahead of its November policy meeting that they had increased their …
India, UAE central banks discuss rupee-dirham trade prospects -official
By Shivangi Acharya NEW DELHI (Reuters) – The central banks of India and the United Arab Emirates are discussing a potential mechanism to trade in …
Swedish central bank’s Floden says economy heading for soft landing
STOCKHOLM (Reuters) – Sweden’s economy will slow sharply next year, but the central banks still expects the landing to be relatively soft, Deputy Governor Martin …
Deutsche Bank warns of peril in borrowing from U.S. banks
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Germany’s Deutsche Bank has a stark warning to European companies borrowing from U.S. lenders: They will …
Spanish windfall tax on banks, energy firms clears first hurdle
MADRID (Reuters) – An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours …
China banks pledge $162 billion in credit to developers, shares rally
By Xie Yu and Ziyi Tang HONG KONG/BEIJING (Reuters) – China’s biggest commercial banks have pledged at least $162 billion in fresh credit to property …
Hungary’s banks stable, profits and lending to fall – central bank
BUDAPEST (Reuters) – Hungary’s banking system is stable and has significant reserves to manage risks, the National Bank of Hungary said on Thursday, adding that …
Bundesbank warns banks against ‘careless’ payout pledges as economy cools
By Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) – German banks should avoid making multi-year promises to their shareholders despite bumper profits this year as …
China to provide 200 billion yuan in loans to commercial banks for housing completions
BEIJING (Reuters) – The Chinese central bank will provide 200 billion yuan ($27.92 billion) in loans to six commercial banks for housing completions, deputy central …
Czech central bank’s Mora prefers using rates rather than FX interventions-Seznam Zpravy
PRAGUE (Reuters) – Czech central bank Vice-Governor Marek Mora said on Monday he would favour using interest rates as the primary monetary policy tool to …
Man Charged for Robbing Banks in Arizona and Texas
EL PASO – A federal criminal complaint was filed Thursday charging a Tucson man with bank robbery. According to court documents, Sherman Edward Lester Jr., …
Euro zone banks to repay 296 billion euros in ECB loans
FRANKFURT (Reuters) – Euro zone banks are set to repay 296 billion euros in multi-year loans from the European Central Bank next week, the ECB …
China broadens private pension scheme with new participants, products
SHANGHAI (Reuters) -China broadened its private pension scheme on Friday, allowing qualified banks and wealth companies to start individual pension businesses, and published a list …
Deutsche Bank CEO warns of ‘danger’ of European reliance on foreign banks
FRANKFURT (Reuters) -Deutsche Bank Chief Executive Christian Sewing on Friday warned of the “danger” of European reliance on foreign banks, equating the threat to the …
Banks fund Tenneco buyout after failed sale attempt
By Matt Tracy WASHINGTON (Reuters) – A group of banks led by Bank of America and Citigroup have funded Apollo Global Management’s acquisition of auto …
Two Essex County Men Sentenced to Prison for Using Credit Cards and Checks Stolen From U.S. Mail as Part of a Scheme that Attempted to Defraud Banks of Over $1 Million
NEWARK, N.J. – Two Essex County, New Jersey, men were sentenced yesterday and today for their roles in a scheme to steal credit cards, debit …
Analysis-Investors expand footprint in commodity trade finance as banks retreat
By Julia Payne, Pratima Desai and Peter Hobson LONDON (Reuters) – Hedge funds have stepped up financing of trade in commodities such as oil, gas, …
Swedish central bank’s Floden says underlying inflation pressure worrying
STOCKHOLM (Reuters) – A continued rise in underlying inflation is a worry, Swedish central bank Deputy Governor Martin Floden said on Tuesday. Underlying inflation was …
U.S. climate envoy Kerry wants development banks overhaul plan by April
By Valerie Volcovici and Simon Jessop SHARM EL-SHEIKH, Egypt – (Reuters) – U.S. climate envoy John Kerry said on Tuesday he wants to come up …
Mexico central banker Borja says bank’s “synchronization” with the Fed is conditional
MEXICO CITY (Reuters) – The Bank of Mexico’s “synchronization” with the U.S. Federal Reserve on monetary policy is conditional, central bank board member Galia Borja …
MICHAEL MCKENNA: Jim Banks Should Be At The Top Of Republicans’ Minds When Considering The Next Whip. Here’s Why
MICHAEL MCKENNA: Jim Banks Should Be At The Top Of Republicans’ Minds When Considering The Next Whip. Here’s Why Michael McKenna on November 13, 2022 …
German regulator calls on banks to increase risk provisions
FRANKFURT (Reuters) -The president of Germany’s financial regulator, Mark Branson, on Monday called on banks to increase their risk provisions while earnings are strong. Branson, …
Global debt levels rose ‘substantially’ in 2021 – World Bank’s Malpass
By Andrea Shalal WASHINGTON (Reuters) – Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by …
Australian banks ease mortgage norms as property market cools
By Lewis Jackson and Byron Kaye SYDNEY (Reuters) -Two of Australia’s top banks have quietly relaxed some home lending standards, banking and mortgage-broking sources said, …