Banks raise Fed terminal rate forecasts after Powell’s hawkish tone
By Caroline Valetkevitch NEW YORK (Reuters) – Investors and strategists are ramping up expectations for how much the Federal Reserve will raise interest rates in …
banks
Central banks stay firmly in rate hike mode but slowdown on cards
LONDON (Reuters) – The United States, Australia, Britain and Norway have all raised interest rates this week in the latest sign that central banks remain …
Most Gulf central banks raise interest rates after Fed’s move
DUBAI (Reuters) – Most Gulf states said on Wednesday they would increase their key interest rates after the Federal Reserve raised its key policy rate …
Binance CEO sees no threat to crypto from central banks’ digital currencies
By Sergio Goncalves and Catarina Demony LISBON (Reuters) – Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as …
ECB wants to put banks on schedule to meet climate goals
FRANKFURT (Reuters) – Euro zone banks still largely fail to meet the European Central Bank’s climate disclosure and management expectations, and laggards who keep failing …
Australia’s ‘Big Four’ banks lift home loan rates to match central bank move
(Reuters) – Australia’s ‘Big Four’ banks will raise their home loan rates by 25 basis points this month, they said on Tuesday, passing on the …
Explainer-India central bank’s policy committee meets to discuss first inflation target miss
By Swati Bhat MUMBAI (Reuters) – Reserve Bank of India’s monetary policy committee (MPC) will meet on Thursday, outside its scheduled meetings, to discuss its …
JPMorgan expects banks to repay 500-700 billion euros of ECB TLTRO loans in Nov
LONDON (Reuters) – Analysts at investment bank JPMorgan have estimated that banks will repay between 500 and 700 billion euros ($494-$692 billion)of the European Central …
Jazeera Airways plans to get around $2 billion from banks for Airbus deal
KUWAIT (Reuters) – Jazeera Airways is planning to get around $2 billion from commercial banks to fund 70% of a deal it has with Airbus …
Canada’s fiscal update won’t make central bank’s job harder -sources
By Steve Scherer OTTAWA (Reuters) – Canada’s Liberal-led government will keep its powder dry when it unveils a fiscal update next month, and though it …
UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly
By Iain Withers and Lawrence White LONDON (Reuters) – Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are …
Aggressive rate hikes the name of the game for big central banks
LONDON (Reuters) – The European Central Bank delivered a second straight 75-basis-point interest rate hike on Thursday, the latest sign that major central banks are …
Greek banks overlooked but on bumpy road to re-rating -Eurobank Equities
ATHENS (Reuters) – Rising interest rates will provide a significant tailwind to Greek bank earnings this year and the next, Eurobank Equities said on Thursday, …
Russia bans dealing in capital of 45 foreign-owned banks or banking units
MOSCOW (Reuters) – Russia on Wednesday banned dealings in the shares or share capital of 45 banks or banking units, all either owned by parties …
IMF chief wants central banks to keep raising rates to hit ‘neutral’ level
By Christian Kraemer BERLIN (Reuters) – International Monetary Fund chief Kristalina Georgieva said on Wednesday that central banks should keep raising interest rates further to …
European banks cash in on rising rates as clouds gather
By Tom Sims, John O’Donnell and Jesús Aguado FRANKFURT (Reuters) – Some of Europe’s largest banks warned of growing risks as the economy fizzles after …
Marketmind: Consumer drain as banks gain
A look at the day ahead in U.S. and global markets from Mike Dolan. This year’s inflation and interest rate shock to consumers is mirrored …
Chinese state banks sold dollars to support yuan late on Tuesday – sources
SHANGHAI/BEIJING (Reuters) – Major Chinese state-owned banks sold U.S. dollars in both onshore and offshore markets in late trade on Tuesday to prop up the …
Euro zone banks see falling loan demand, tighter access to credit in Q4
FRANKFURT (Reuters) – Euro zone banks expect to tighten access to credit further in the fourth quarter and see a drop in loan demand as …
Exclusive-China FX regulator surveys banks about positioning as yuan plunges – sources
SHANGHAI/BEIJING (Reuters) -China’s foreign exchange regulator sent a survey to some banks late on Monday asking them about their positioning in the currency market, three …
Deutsche Bank’s DWS sued by consumer group over alleged greenwashing
FRANKFURT (Reuters) – A German consumer group said on Monday it is suing Deutsche Bank’s asset management unit DWS for allegedly misrepresenting a fund’s green …
Police quickly capture woman who robbed two banks
BEAR, DE – Shortly after the TD Bank on East Songsmith Drive in Bear was robbed, a second bank robbery occurred in West Chester, PA. …
Outer Banks Boil Company Opens New Location in Virginia Beach
Virginia is for lovers and for a new seafood boil catering concept opening in Virginia Beach, VA Virginia Beach, VA (RestaurantNews.com) North-Carolina based Outer Banks …
Outer Banks Boil Company Sets Sights on a Baltimore Homecoming
Rapidly expanding seafood boil catering concept heads home to Maryland Corolla, NC (RestaurantNews.com) North Carolina based Outer Banks Boil Company, a new takeout and catering …
JPMorgan picks Deutsche Bank’s Sheppard for UK investment banking
By Pamela Barbaglia LONDON (Reuters) – JPMorgan has hired one of Deutsche Bank’s most senior dealmakers, Richard Sheppard, to strengthen its UK investment banking business …
African banks increasingly worried about funding costs, survey shows
By Marc Jones and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sub-Saharan African banks are increasingly worried about funding costs, an annual survey published on Wednesday found, …
Spain’s banks seek extending lifespan of mortgages for vulnerable households
By Jesús Aguado MADRID (Reuters) – Spanish lenders are open to extending loan repayments for vulnerable households that experience a rise of at least 30% …
Australia’s top banks eye payments firm Tyro as housing market cools
By Shashwat Awasthi and Byron Kaye (Reuters) -Three of Australia’s biggest banks are considering a bid for payment terminals firm Tyro, underscoring the importance of …
Analysis-Foreign banks amass reserves at the Fed, bracing for funding stress
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Foreign bank units have been accumulating cash reserves at the Federal Reserve, likely reflecting concerns that a dollar …
Banks’ solvency key to ECB opinion on proposed Spanish tax
By Jesús Aguado MADRID (Reuters) – The European Central Bank could issue a non-binding opinion on the proposed tax on Spanish banks in the coming …
Big Chinese banks pledge enhanced support for economy as Xi sounds call for growth
BEIJING (Reuters) – China’s six largest state-owned banks vowed they will enhance support to the slowing economy, in response to President Xi Jinping’s call for …
Fed solicits feedback on potential new requirements for large regional banks
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Friday it was soliciting feedback on potentially imposing new requirements on how to …
IMF urges most Asian central banks to tighten policy further
By Leika Kihara WASHINGTON (Reuters) – Most Asian central banks must tighten monetary policy further as rising commodity prices and their currencies’ depreciation, driven by …
Banks should manage heightened risks from crypto firm deposits –Fed’s Barr
By Hannah Lang (Reuters) -Banks that accept deposits from cryptocurrency companies should be aware of increased liquidity risks, particularly if firms are highly interconnected with …
Rate hikes to have limited impact on Indian banks’ profits – Moody’s
BENGALURU (Reuters) – The Reserve Bank of India’s slew of rate hikes this year to combat surging inflation will help lift banks’ net interest margins, …
Philippines central bank’s policy settings remain accommodative, says governor
MANILA (Reuters) – The Philippines central bank’s monetary policy settings remain accommodative, its governor said on Wednesday. Bangko Sentral ng Pilipinas Governor Felipe Medalla also …
Central banks still U.S. bond buyers – but FX campaigns may jar: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) -An apparent rundown of global foreign exchange reserves this year is just a mirage related to U.S. dollar strength …
Swiss National Bank’s Jordan says central bank independence vital to fight inflation
ZURICH (Reuters) – Central banks need to resist political pressure to slow monetary policy tightening as they hike interest rates to fight resurgent inflation, Swiss …
World Bank’s Malpass, IMF’s Georgieva see rising risks of global recession
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday …
EU takes step to ease proposed curbs on foreign banks, document shows
By Huw Jones LONDON (Reuters) – Foreign bank branches in the European Union would not automatically become a costlier subsidiary if their business reached a …
Swiss National Bank’s Maechler says further rate hikes ‘quite possible’
ZURICH (Reuters) – The Swiss National Bank is prepared to raise interest rates further to tackle inflation after its recent 75-basis-point hike, SNB Governing Board …
Rate hike bonanza among major central banks hits two decade peak in September
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Major developed central banks delivered in September rate hikes at a pace and scale not seen …
U.S. pension rebalancing could boost bonds, international stocks, banks say
By David Randall NEW YORK (Reuters) – U.S. fixed income and international equities could benefit from quarter-end rebalancing as pension funds square their books after …
China’s smaller banks cut deposit rates to ease margin pressure
BEIJING/SHANGHAI (Reuters) – A string of small and mid-sized Chinese banks are following their larger peers and cutting deposit interest rates in the first broad-based …
Exclusive-China’s state banks told to stock up for yuan intervention-sources
By Julie Zhu HONG KONG (Reuters) -China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in …
Sweden and other central banks to test digital currency payments
OSLO (Reuters) – The Swedish, Norwegian and Israeli central banks have launched a project with the Bank for International Settlements to test international retail and …
Saudi Arabia’s wealth fund hires banks for debut green bonds
By Yousef Saba DUBAI (Reuters) -Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has hired banks including Citi and JPMorgan to arrange a …
Banks in the euro zone will have to raise provisions to cope with economic slowdown
MADRID (Reuters) – Banks in the euro zone will have to raise provisions to cope with the consequences of the economic slowdown due to the …
Market split on Colombia central bank’s next rate decision
By Nelson Bocanegra BOGOTA (Reuters) – Analysts are split between those who expect Colombia’s central bank to moderately raise its benchmark interest rate next week …
Russian banks lost around $25 billion from Ukraine conflict – central bank official
(Reuters) – Russia’s banks have lost an estimated 1.5 trillion roubles ($25.5 billion) as a result of the fallout from the conflict in Ukraine, a …