Buffalo man admits to defrauding banks of nearly $500,000
BUFFALO, N.Y. — A former Buffalo resident pleaded guilty on Tuesday to orchestrating a scheme that defrauded two banks out of nearly half a million dollars. Joshua Parra, 32, who now lives…
Aussie banks margins seen falling; outlook key in high-rate environment
By Upasana Singh and Rishav Chatterjee (Reuters) – Australia’s biggest banks are likely to report narrower profit margins in the June quarter as an unprecedented pace of interest rate hikes to curb…
China Life mandates banks for up to $2 billion bond offering
By Georgina Lee and Scott Murdoch HONG KONG (Reuters) – China Life Insurance (Overseas) Hong Kong has mandated banks for its 10-year subordinated bond offering, according to a preliminary term sheet seen…
Banks keep up high use of new Fed lending program after spring turmoil
By Ann Saphir (Reuters) – Months after a string of bank failures sent shockwaves through the global banking industry, U.S. banks are still heavily using an emergency lending facility set up by…
Big central banks hike again with end of tightening in sight
LONDON (Reuters) – Major central banks are tentatively eyeing the end of aggressive interest rate hikes as price pressures finally show signs of abating. Inflation remains high across the globe, but in…
EU banks face liquidity checks next year after 2023 crises
By Huw Jones LONDON (Reuters) – European Union banks’ plans for surviving a major crisis without having to tap central bank money will undergo intense scrutiny next year, the bloc’s banking watchdog…
Exclusive-China asks some banks to reduce or delay dollar buying -sources
SHANGHAI/BEIJING (Reuters) – China’s currency regulators are asking some commercial banks to reduce or postpone their purchases of U.S. dollars in order to slow the yuan’s depreciation, two people with direct knowledge…
Iraqi banks hit with dollar ban say they are ready to challenge measures
By Ahmed Rasheed and Timour Azhari BAGHDAD (Reuters) -Fourteen Iraqi private banks hit with curbs by the United States over allegedly helping siphon U.S. dollars to Iran said on Wednesday they were…
Laurentian Bank’s shares fall after media report that potential top bidders bowed out
(Reuters) – Laurentian Bank of Canada’s shares fell 9% on Friday after a newspaper reported that the Montreal-based bank was struggling to find an acquirer and that Canada’s top banks – Bank…
Foreign bank lending to Australian offices hits record as local banks retreat
By Lewis Jackson SYDNEY (Reuters) – Foreign bank lending to Australian office real estate hit a record high in the first quarter as overseas lenders continued to stump up cash for a…
Bill Hwang seeks to subpoena 10 banks, shift blame for Archegos collapse
By Jonathan Stempel NEW YORK (Reuters) – Bill Hwang, the founder of Archegos Capital Management, on Thursday asked a judge to let him subpoena documents from 10 banks, in an effort to…
ECB debated raising banks’ mandatory reserves in inflation fight – sources
FRANKFURT (Reuters) – European Central Bank policymakers debated raising banks’ mandatory reserves to 2% from 1% of their deposits at their meeting on Thursday as part of their fight against high inflation,…
US banks may take up to 4 years to set aside profits for new capital rules
By Tatiana Bautzer and Pete Schroeder NEW YORK (Reuters) – U.S. banking giants may take up to four years to set aside profits to meet new capital rules, according to a report…
European banks flag bad loan risks as global economy falters
By Iain Withers, Valentina Za and Jesús Aguado LONDON/MILAN/MADRID (Reuters) – Europe’s major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to the rising risk of bad loans as…
Marketmind: Tech splits, banks merge and Fed decides
A look at the day ahead in U.S. and global markets from Mike Dolan Alphabet outshone Microsoft as the latest two of the tech giants reported earnings overnight, with another regional bank…
China state banks seen selling US dollars to prop up yuan -sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with direct knowledge…
Bank of England to check credibility of top banks’ wind-down plans
By Huw Jones LONDON (Reuters) – The Bank of England said on Monday it will check from October whether top banks can be smoothly wound down in a crisis after the forced…
Explainer-What is the ‘Basel III endgame’ and why are banks worked up about it?
By Pete Schroeder WASHINGTON (Reuters) – U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital requirements known as the “Basel III endgame” aimed at ensuring the stability…
Marketmind: G3 central banks and China Politburo bonanza
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The week ahead could be pivotal to the financial market landscape for…
ECB to ask banks to provide weekly liquidity data to monitor their health – Enria
MILAN (Reuters) – The European Central Bank (ECB) will ask banks to provide weekly liquidity data from September so that it can carry out more frequent checks on their ability to ward…
US banks’ reserves steady, assuaging liquidity drainage fears
By Davide Barbuscia NEW YORK (Reuters) – A feared liquidity drainage in the U.S. banking system as the Treasury refills its coffers has not materialised yet, on the contrary reserves increased recently,…
Factbox-U.S. banks increase reserves for commercial real estate exposure
By Matt Tracy (Reuters) – The U.S. commercial property market has faced severe challenges since the pandemic due to lingering office vacancies, diminished retail activity and higher interest rates. That stress has…
Paris success in attracting London banks boosts balance of payments
PARIS (Reuters) – France’s post-Brexit success in attracting banks from London to Paris has exceeded expectations and is increasingly showing up in the country’s balance of payments, the central bank said on…
Exclusive-China’s state banks seen selling dollars offshore to slow yuan declines – sources
SHANGHAI (Reuters) – China’s major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early Asian trades on Thursday, two people with direct knowledge of the…
Marketmind: Retail, housing and banks test jaunty July
A look at the day ahead in U.S. and global markets from Mike Dolan The benign July investment environment gets tested on Tuesday by updates on U.S. retail sales and housing while…
Marketmind: China falls short and oil ebbs but banks impress
A look at the day ahead in U.S. and global markets from Mike Dolan China’s spluttering recovery set the tone for world markets on Monday after a bumper week of U.S. disinflation…
Breaking News
