Fed’s lending to banks shrinks in latest week
(Reuters) – Federal Reserve lending to banks shrunk modestly in the latest week, central bank data released Thursday showed. The Fed lent banks $3.2 billion …
banks
Factbox-Big banks stand strong against Fed’s commercial real estate gloom
By Michelle Price WASHINGTON (Reuters) – Big U.S. banks’ commercial real estate portfolios put in a surprisingly good performance during the Federal Reserve’s annual health …
Global central banks post losses on reserves in 2022; no quick recovery seen -survey
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Global central banks experienced losses managing their reserves last year amid bond-heavy allocations that took a major hit …
ECB’s Enria wants euro zone banks out of Russia faster
(Reuters) – The European Central Bank wants lenders to speed up their exit from Russia given the increased reputational, legal and financial risk of doing …
UK finance minister Hunt says banks are slow to pass on rate hikes to savers
LONDON (Reuters) – Britain’s finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates …
Factbox-Recent policy decisions from Latin America’s central banks
MEXICO CITY (Reuters) – A stubborn surge of inflation has led central banks worldwide to adapt monetary policy to protect people and businesses from price …
Big central banks are still hiking rates but eye the end
LONDON (Reuters) – Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even if most are not there …
Marketmind: Dogged central banks rein in risk
A look at the day ahead in U.S. and global markets from Mike Dolan Even if investors sense light at the end of the tunnel, …
US imposes sanctions on Myanmar’s defense ministry, two banks -Treasury website
WASHINGTON (Reuters) – The United States on Wednesday levelled sanctions against Myanmar’s Ministry of Defense and two banks used by the Southeast Asian country’s military …
Paris finance summit to push development banks to take on more risk -draft
By John Irish PARIS (Reuters) -Leaders meeting this week at a summit in Paris are set to back a push for multilateral development banks like …
Marketmind: Markets lose steam, central banks not helping
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A deepening sense of caution …
Canada financial regulator lifts stability buffer for big six banks
By Nivedita Balu and David Ljunggren TORONTO (Reuters) -Canada’s financial regulator on Tuesday said it was raising the amount of capital the country’s biggest lenders …
Deutsche Bank’s new retail boss primed for sector shake-up
By Tom Sims FRANKFURT (Reuters) – Deutsche Bank’s new retail boss wants to get cyber-savvy youth into bank branches and put the bank at the …
South Korea to gradually normalise regulations on banks from H2
SEOUL (Reuters) – South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country’s financial regulator said on …
New Zealand to investigate profitability, competition at banks
SYDNEY (Reuters) – New Zealand said on Tuesday it would examine the profitability of the country’s banks and investigate whether competition in the sector was …
Saudi Central Bank may need to inject liquidity into banks – Capital Economics
DUBAI (Reuters) – The Saudi Central Bank, known as SAMA, may need to inject liquidity into the banking sector like it did last year as …
US banks have strengthened liquidity after spring turmoil but must remain vigilant -regulator
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator said on Wednesday that while banks have strengthened their liquidity after the spring banking …
Global investment banks rush to cut yuan forecasts
SHANGHAI (Reuters) – Global investment houses have rushed to downgrade forecasts for the Chinese yuan after it weakened past the closely watched 7 per dollar …
World Bank’s new chief Banga to sharpen focus on projects with measurable impact
By David Lawder LIMA (Reuters) – World Bank President Ajay Banga wants the lender to focus on more “scalable, replicable” projects across Latin America and …
Central banks shelve guidance, in fits and starts, as inflation reigns
By Howard Schneider, Leika Kihara, Balazs Koranyi and William Schomberg (Reuters) – Central bankers, who once considered obscurity central to their craft, are trying to …
US minority-owned banks withstand industry turmoil, executives say
By Nupur Anand NEW YORK (Reuters) – Minority-owned banks in the U.S. have stayed resilient during this year’s industry turmoil thanks in part to government …
Rep. Jim Banks Leaves Top Biden Administration Official Stammering Over Child Labor Crisis
Rep. Jim Banks Leaves Top Biden Administration Official Stammering Over Child Labor Crisis Arjun Singh on June 7, 2023 Acting Labor Secretary Julie Su, whose …
World Bank’s new chief asks staff to ‘double down’ on development, climate efforts
By David Lawder WASHINGTON (Reuters) – The World Bank’s new president Ajay Banga on Friday asked the lender’s 16,000 staff to “double down” on development …
Banks stocks gain after US Congress averts historic debt default
(Reuters) – Shares of U.S. banks rose on Friday after the U.S. Senate on Thursday passed bipartisan legislation that lifted the government’s $31.4 trillion debt …
Liz Warren, JD Vance Join Forces To Punish Execs Of Failed Banks
Liz Warren, JD Vance Join Forces To Punish Execs Of Failed Banks Mary Lou Masters on June 1, 2023 Democratic Massachusetts Sen. Elizabeth Warren and …
Fed emergency lending to banks ticks down in latest week
(Reuters) – Federal Reserve emergency lending to banks edged down in the latest week, driven by a decline in “other credit” to government wind-downs of …
Pakistan central bank’s forex reserves fall $102 million to $4.09 billion in week ended May 26
KARACHI, Pakistan (Reuters) – Pakistan’s central bank foreign reserves decreased by $102 million to $4.09 billion due to external debt payments during the week ended …
Major central banks renew rate hike push in May
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace of interest rate hikes across major central banks showed little sign of slowing in …
Column-U.S. banks tighten lending standards to small business and consumers: Kemp
By John Kemp LONDON (Reuters) – U.S. domestic banks reported a widespread tightening of lending standards by the end of the first quarter of 2023 …
Turkish central bank signals to banks it may soften measures -bankers
By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank signalled at a meeting with senior bankers that it would respond positively to the banks’ requests …
Sanctions, pressure on foreign banks destabilising Russia’s FX market -central bank
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Pressure on foreign banks operating in Russia and the widening scope of sanctions is aggravating foreign …
Fed lending to banks lowest in latest week since crisis began in March
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve emergency lending to banks fell in the latest week to its lowest level since the …
Stocks set for range trading as central banks near end game – Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global stock indices will end this year higher than where they started it but most are set to be …
New Zealand banks move to processing payments seven days a week
WELLINGTON (Reuters) – The majority of New Zealand bank customers will be able to send and receive local payments seven days a week, starting on …
Inflation fight risks central banks’ credibility and autonomy, BIS warns
By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if stubbornly-high global inflation rates are …
Turkish banks restrict credit access amid pre-runoff uncertainty
By Nevzat Devranoglu and Ebru Tuncay ANKARA (Reuters) – Turkish banks have restricted access to some individual loans and postponed decisions on extending corporate loans …
‘Were You Aware That SVB Was In Trouble?’: Dem Senator Presses Former SVB CEO On Stock Sales Before Bank’s Failure
‘Were You Aware That SVB Was In Trouble?’: Dem Senator Presses Former SVB CEO On Stock Sales Before Bank’s Failure Jason Cohen on May 16, …
JPMorgan CEO says unlikely to acquire other struggling banks
By Nupur Anand and Niket Nishant NEW YORK (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon said that it is “unlikely” that the bank …
Central banks have lost a degree of trust, ECB’s Makhlouf says
DUBLIN (Reuters) – Central banks around the world have lost a degree of trust and need to rebuild it by explaining their decision making to …
In the Market: Why US regional banks are doomed to a doom loop
By Paritosh Bansal (Reuters) – Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven’t really wanted to …
Police investigating after body washes up on banks of Ohio River
OHIO TWP, PA – On Thursday, the Allegheny County Police Department’s Homicide Unit was notified of a body discovered along the shoreline of the Ohio …
G7 central banks see need to weigh effects of past rate hikes -BOJ’s Ueda
By Leika Kihara NIIGATA, Japan (Reuters) – Many central bank governors from the Group of Seven (G7) rich nations appeared to feel the impact of …
Yellen expects US regulators to be open to mergers among midsize banks
By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration …
Italian steelmaker Feralpi invites banks to pitch for IPO role –sources
By Elisa Anzolin and Pablo Mayo Cerqueiro MILAN/LONDON (Reuters) – Italian steelmaker Feralpi Group is sounding out investment banks to arrange a possible initial public …
‘Asleep At The Wheel’: ‘Too-Big-To-Fail’ Banks Are Getting Even Bigger And Economists Are Sounding The Alarm
‘Asleep At The Wheel’: ‘Too-Big-To-Fail’ Banks Are Getting Even Bigger And Economists Are Sounding The Alarm Jason Cohen on May 7, 2023 The largest financial …
FDIC To Slap Banks With New Fees To Cover Bailout Losses: REPORT
FDIC To Slap Banks With New Fees To Cover Bailout Losses: REPORT Jason Cohen on May 5, 2023 The Federal Deposit Insurance Corporation (FDIC) plans …
‘You Should Be Worried’: Fox Business Reporter Warns That Over A Dozen Regional Banks Are ‘Very Impaired’
‘You Should Be Worried’: Fox Business Reporter Warns That Over A Dozen Regional Banks Are ‘Very Impaired’ Harold Hutchison on May 4, 2023 Fox Business …
FDIC plans to hit big banks with fees to refill deposit insurance fund – Bloomberg News
(Reuters) -The U.S. Federal Deposit Insurance Corporation is planning to exempt smaller lenders from kicking in extra money to replenish the government’s bedrock deposit insurance …
Treasury: US banks have ‘substantial’ liquidity, deposit flows are stable
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday said it was continuing to monitor market developments amid sharp drops in the shares of regional …
Central banks stick to rate hikes with eye on market turmoil
LONDON (Reuters) – The U.S. Federal Reserve is close to the end of its interest rate hiking cycle, while the European Central Bank on Thursday …