By David Lawder WASHINGTON (Reuters) – Hardline Republicans in the House of Representatives on Monday vowed to oppose any universal federal guarantee on bank deposits above the current $250,000 limit,…
By Tatiana Bautzer NEW YORK (Reuters) – U.S. regional banks are expected to pay higher rates to depositors to keep them from switching to larger lenders, banking analysts said, following…
(Reuters) – S&P has not placed other U.S. banks on CreditWatch negative since First Republic Bank as it has not seen widespread deposit outflows, the ratings agency said on Tuesday,…
By Jonathan Cable LONDON (Reuters) – The peak for European Central Bank interest rates will be much higher than thought only a month ago, according to economists polled by Reuters,…
(Reuters) – Citigroup expects the European Central Bank to hike rates by 50 basis points each in March and May to push its policy rates to about 4% by July.…
By Mehnaz Yasmin (Reuters) – Citigroup Inc may see more net interest margin (NIM) pressure than the other four big U.S. banks this year due to its high deposit betas,…
Biden Admin Blocks Mining Of ‘World’s Largest Undeveloped’ Ore Deposit As It Pushes Copper-Heavy EVs, Wind Turbines Bronson Winslow on January 31, 2023 The Biden Administration’s Environmental Protection Agency (EPA) issued…
ISTANBUL (Reuters) – Turkey extended by a year a scheme that had it adopted in the throes of a 2021 currency crisis which protects lira deposits from depreciation versus hard…
By Jonathan Cable LONDON (Reuters) – The European Central Bank will take its deposit rate up by 50 basis points next week to 2.00%, despite the euro zone economy almost…
NEW YORK (Reuters) – U.S. savers are being left behind by the Federal Reserve’s aggressive campaign of interest rate rises, and that’s unlikely to change soon. New research from the…
By Jonathan Cable LONDON (Reuters) – The European Central Bank will press on with policy tightening, adding 50 basis points to its deposit rate next month as it worries rapid…
WASHINGTON (Reuters) – U.S. President Joe Biden has tapped Martin Gruenberg to serve as chairman of the board of directors of the Federal Deposit Insurance Corporation, the White House said…
(Reuters) – Qatar’s central bank said on Wednesday it will increase its interest rates by between 50 and 75 basis points, following the U.S. Federal Reserve’s latest rate hike. The…
FRANKFURT (Reuters) – European Central Bank raised interest rates for the third meeting in a row on Thursday and signalled an intention to start mopping up cash from the banking…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury will announce on Tuesday that a coalition of private firms and foundations will deposit $1 billion into minority-owned and community development…
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 move since 2015 to ease…
MUMBAI – The Reserve Bank of India’s key policy repo rate was raised by 50 basis points on Friday, the third increase in the current cycle to cool stubbornly high…
BEIRUT -The World Bank accused Lebanese politicians of being cruel by asserting that deposits in the country’s collapsed banking sector are sacred, saying such slogans “flagrantly contradict the reality” in…
WASHINGTON – A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which of their funds will be insured by the…
NEWARK, N.J.– A New York man today admitted his role in a scheme to alter and deposit hundreds of checks stolen from mailboxes across New Jersey, U.S. Attorney Philip R.…
By Swathi Nair BENGALURU – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in July and bring it out…
SHANGHAI – Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, sources told Reuters. The planned…
By Orhan Coskun and Nevzat Devranoglu ANKARA – A scheme that protects the value of lira deposits has helped Turkey prop up the ailing currency, but payouts from it look…
– Russia’s central bank on Monday said it had raised 1.4 trillion roubles ($12.44 billion) at one-day “fine-tuning” deposit auction. The bank earlier on Monday provided banks with 2.1 trillion…
BUDAPEST – Hungary’s central bank raised its one-week deposit rate by 30 basis points to 4.6% at a weekly tender on Thursday, as expected, two days after it raised its…