Browsing Tag
central bank
Exclusive: ECB places Russians in EU, even residents, under scanner
The headquarters of the European Central Bank (ECB) is pictured in Frankfurt, Germany September 3, 2015. REUTERS/Ralph OrlowskiJoin now for FREE unlimited access to Reuters.comRegisterBanks must verify Russian and Belarusian customers -…
Hawaiian bank recruits social media influencers to promote digital account
Olympic surfer Carissa Moore, reality TV contestant Avian Ku and college football star Chevan Cordeiro have something in common: they all urge their thousands of social media followers to open a Shaka checking account with Central Pacific…
RBI Governor Shaktikanta Das launches UPI service for feature phone users
The Reserve Bank of India on Tuesday announced the launch of a unique feature for payments with a facility where those with feature phones could also use UPI payments. While payments via mobile phones have grown in popularity, the addition…
update: Russia adopts countermeasures to support its financial markets | Morgana Lewis
Russian authorities are taking action on several fronts to support financial markets and keep liquid assets in Russia, including a new set of countermeasures introduced by President Vladimir Putin. The Central Bank of Russia also plays…
Ruble Hits New Low in Moscow, Rebounds Out of Russia
Russian ruble coins are seen in front of the US dollar banknote displayed in this illustration taken February 24, 2022. REUTERS/Dado Ruvic/Illustration/FilesJoin now for FREE unlimited access to Reuters.comRegisterNEW YORK, March 2…
Russia’s central bank scrambles to limit fallout from tough sanctions
Feb 27 (Reuters) - Russia's central bank on Sunday announced a series of measures to support domestic markets as it struggles to manage the growing fallout from tough Western sanctions over the weekend in retaliation for the invasion of…
Kanoo denies opening a bank account for the Ministry of Tourism – Eye Witness News
NASSAU, BAHAMAS – Bahamas digital payment solution provider Kanoo clarified yesterday that it had not opened a bank account for the Department of Tourism, as noted in the Auditor General's report on the Bahamas visa program. health for…
China c.bank warns of default risks after climate stress test
People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. REUTERS/Jason LeeJoin now for FREE unlimited access to Reuters.comRegisterSHANGHAI, Feb 18 (Reuters) - Chinese…
Senate Republicans block crucial vote on Fed nominees
President Biden's plans to reshape the Federal Reserve suffered a setback on Tuesday as Republicans delayed a key vote on his five nominees for his board of governors.Republicans did not show up for a committee decision that would have…
Governor of the Central Bank of Hungary Calls for an EU-Wide Ban on Cryptocurrency Trading and…
The Governor of the Central Bank of Hungary has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear that cryptocurrencies could serve illegal activities and tend to build financial pyramids,” he…
Central Bank shuts down public brokerage services – Eye Witness News
NASSAU, BAHAMAS — The Central Bank announced yesterday that starting next month, new entrants to the registered stock or treasury bill market will need to go through a BISX-registered broker as the regulator will cease integration.
The…
Israeli cenbank expected to tighten if inflation continues to rise – IMF
The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020. REUTERS/Ronen Zvulun/File PhotoJoin now for FREE unlimited access to Reuters.comRegisterJERUSALEM, Feb 6 (Reuters) - Israel's central bank should…
Britain braces for higher rates as Bank of England meets
In an effort to tackle Britain's rapidly rising prices, the Bank of England raised interest rates on Thursday, its first consecutive increases in more than 17 years, and said it would start cutting its huge holdings of government and…
Slovenian banks warn of risks from draft law to change terms of past loans
Slovenian lawmakers will vote on a measure on Monday forcing banks to repay hundreds of millions of euros to foreign currency borrowers, with lenders warning the move would hurt their operations in the Alpine nation.Slovenia was one…
Cargills Online becomes the first e-commerce platform to integrate LANKAQR
From left to right: Prabhu Mathavan, Executive Director of Cargills Bank, Roshan Dilruk, Director of Online Operations of Cargills, Asanka Mahanama, Senior Director of Cargills (Ceylon), Minister Namal Rajapakasa, Cargills Online…
Nigerian bank loans to customers reach 2 trillion naira. Here’s what banks charge to borrow…
Nigerian bank loans to customers would exceed N2 trillion naira in October 2021, demonstrating the CBN's commitment to increase lending to the private sectorThese loans are granted at variable rates depending on the sector and the…
The Fed opens the debate on a US central bank digital currency with a long-awaited report.
The Federal Reserve has taken a first step toward a more serious examination of central bank digital currency issuance, releasing a report on Thursday that examines the potential costs and benefits of the idea and opens the door for…
The mCash partner of SLT-Mobitel Union Bank
Union Bank recently entered into an agreement with SLT-Mobitel to bring greater banking convenience to customers through agent banking through SLT-Mobitel mCash - the innovative mobile money platform/wallet conceptualized by SLT-Mobitel and…
Bank loans to MSMEs do not reach the threshold
The Bangko Sentral ng Pilipinas (BSP) said bank loans to micro, small and medium enterprises (MSMEs) still did not meet the mandatory threshold as of September 30, 2021.According to the most…
Desmond Tutu buried at South African state funeral
CAPE TOWN, South Africa â The funeral began at 10 a.m. under a thick blanket of cloud and drizzle, as mourners dressed in black entered the cathedral and walked past the simple wooden casket of Archbishop Desmond Tutu.…
C. Bank Governor Says China to Issue Low-Cost Loans to Reduce Emissions
New Central Bank of China Governor Yi Gang (C) leaves after a speech at the China Development Forum (CDF) 2018 annual session at Diaoyutai State Guesthouse in Beijing, China on March 25, 2018. REUTERS / Jason LeeRegister now for FREE and…
Putin’s year-end press conference: what he discussed
Russian President Vladimir Putin held his annual year-end press conference in Moscow on Thursday, amid rising tensions with the West over Ukraine raised fears of all-out war.
Due to Covid-19 restrictions, the media were…
Fed to end pandemic-era policies amid inflation faster, plans 3 rate hikes in 2022
Federal Reserve officials on Wednesday said they intended to end pandemic-era monetary policies intended to support the economy more quickly as soaring inflation casts a new shadow on the recovery .The US central bank has announced that it…
Providing banking services to people with disabilities, CBO issues instructions | Oman weather
Muscat: The Central Bank of Oman has issued special instructions regarding the provision of banking services to people with disabilities, the Central Bank of Oman said on Sunday. "Given the importance of enabling people with disabilities…
Who benefits from the $ 157 million loan from the World Bank?
Dear President David Malpass:The public would like to know why the World Bank serves as Liberia's economic adviser and at the same time Liberia's biggest moneylender. The Bank should focus on profit by lending money to poor countries and…
Sri Lankan government cenbak says to examine possible illegal money channels as remittances decline
COLOMBO, Dec. 4 (Reuters) - Sri Lanka's top central bank official said on Saturday that remittances had declined in the past six months, prompting authorities to consider whether the sudden drop in foreign inflows was linked to the use of…
Sh 27 billion bad loan cut helps boost banks’ profits
Economy
Sh 27 billion bad loan cut helps boost banks' profits
Tuesday, November 30, 2021
Central Bank of Kenya. PHOTO FILE | NMG
By OTIATO GUGUYUMore from this author
Summary
The eight senior lenders reduced…
People in Lebanon Explain How Cryptocurrency Can Save Their Country by DailyCoin
People in Lebanon Explain How Cryptocurrency Can Save Their Country
âCrypto is a way for people in Lebanon and similar countries to make money that they wouldn't dream of having a regular job. Crypto is also a…
RBI committee suggests restricting digital lending applications
MUMBAI : A committee set up by the central bank in January suggested restricting digital lending applications through a mix of regulations, including creating a nodal agency to verify their credentials and metrics…
UST Named Leader in NelsonHall NEAT Report for Blockchain Services in Banking
~Report highlights UST's strengths in organizational and ecosystem transformations~
BENGALURU, India, November 16, 2021 / PRNewswire / - UST, a leading company in the field of digital transformation solutions, today announced that the…
the Bank of England to set interest rates; lowest October car sales in UK since 1991 –…
Hello and welcome to our continued coverage of the global economy, financial markets, euro area and business.
Will the Bank of England raise interest rates today for the first time since the pandemic? And should they?
This…
Federal Reserve limits public servants’ stock privileges amid investigations
By Jonny Lupsha, News Editor
The US Federal Reserve restricted stock trading by senior officials last week. The restrictions were imposed just weeks after the resignation of two regional bank presidents amid insider trading…
Chinese yuan soars as focus shifts to bank lending c.
(Updates national close price, adds analyst commentary and context)SHANGHAI, Oct. 13 (Reuters) - The Chinese yuan rose slightly against the dollar during the nationwide close on Wednesday, as investors digested upbeat export data and…
Australia’s banking supervisor tightens mortgage lending requirements
SYDNEY, Oct. 6 (Reuters) - Australia's banking regulator on Wednesday tightened restrictions on mortgage lending, with rapid loan growth fueling price spikes and posing a risk to financial stability.The Australian Prudential Regulation…
Credit rates rise as banks defy the rules
By Kao Shih-ching / Journalist
Mortgages from local…
Myanmar economic crisis fuels illegal currency trade
Myanmar banknotes are seen being illegally exchanged inside a house in Yangon, Myanmar on September 24, 2021. Photo taken on September 24, 2021. REUTERS / Stringer October 1 (Reuters) - As Myanmar's economic crisis worsens after the…
Analysis: US Fed Navigates Political Minefield With Looming Digital Dollar Report
US dollar banknotes are seen on a light table at the Bureau of Engraving and Printing in Washington on November 14, 2014. REUTERS / Gary Cameron / File Photo / File PhotoSeptember 30 (Reuters) - The U.S. Federal Reserve board will soon…
Australian mortgage loans explode, regulators prepare new lending rules
Home loan in August + 6.2% year-on-year, the fastest since February 2018House prices and loan growth outstrip incomeRegulators will soon toughen macroprudential rulesSYDNEY, Sept. 30 (Reuters) - In August, Australian home loans rose at…
Government to raise Rs 100 billion via domestic Sukuk in September
KARACHI: The government plans to raise Rs 100 billion through the five-year Ijara Sukuk auction this month against three identified assets, the central bank said on Monday, responding to a long-standing demand from the Islamic banking…
ASX 200 bank focuses on planned loan crackdown
Image source: Getty Images
Fears of a housing market collapse continue to grow as prices rise and debt rises. Today, ASX 200 bank stocks will be in the spotlight after the government gives the green light to regulators for…
Wells Fargo to pay $ 37.3 million to settle US claims it fraudulently overcharged its customers
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this functionality as we continue to test and develop in beta. We appreciate comments, which you can provide using…
Tunisia’s political crisis threatens to worsen economic unrest
Political paralysis undermines efforts to recover the economyTunisians say living conditions are getting worseNeed help from the IMFTUNIS, September 27 (Reuters) - Nurse Amira Souissi celebrated the near-total seizure of power in July by…
Biden’s pick for banking regulator worries banks are getting too powerful
President Biden has chosen Cornell Law School professor Saule Omarova to head the Office of the Comptroller of the Currency, the regulator overseeing America's largest banks, according to a White House official.If confirmed, Ms Omarova,…
Chinese Evergrande announces that it will make a scheduled payment | Bankruptcy News
The main unit of the China Evergrande group said it would make a coupon payment on its domestic bonds on time, offering some relief to nervous markets worried that a default by China's No.2 developer could spill over to the market. global…
5 Altcoins That Could Change The Way We Use Money
As you venture into the world of cryptocurrency, at some point you have to consider the concept of money. Once upon a time, we traded with each other, trading one product for another. Maybe you would give me fish in exchange for…
UAE Central Bank Sees COVID-19 Increasing Money Laundering Risks
DUBAI, Sept. 19 (Reuters) - The UAE's central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money laundering and terrorist financing, she said in a report released on Sunday.The use of…
Do we still need the banks?
As part of my job last month, I met a young woman in her thirties who needed my help in resolving a contentious transaction between her account at the financial institution where I work and a system of online savings account. I…
Bank details of journalists sought to gag the media: BNP
BNP alleged on Saturday that the central bank's Bangladesh Financial Intelligence Unit (BFIU) had searched for the bank details of 11 leading journalists as part of a government move…
Point of sale boom: the new bank that pushed Union Bank to close branches and Standard Bank to stop…
POS transactions are the new banking format in the financial sector in Nigeria as banks shift investments towards the least costly enterpriseCommercial lenders like Union Bank have closed some branches in Nigeria, while Standard…
Jim Cramer says “run with the bulls” and buy those winning stocks
CNBC's Jim Cramer on Wednesday offered investors a basket of stocks that he says can continue to thrive regardless of the Federal Reserve's policies.âForget the big picture. There are two things you need to keep track of…
PayPal crypto service launches in UK
PayPal launched its cryptocurrency service in the UKPay PalLONDON - PayPal launches cryptocurrency service in UKThe US online payments giant said on Monday it would let UK customers buy, hold and sell digital currencies, starting this…
The Central Bank removes push and pull charges | New times
No fees or charges will now be incurred when transferring funds from their bank account to their mobile money wallet and vice versa (push and pull fees).
The Central Bank removed costs in its latest directive in an effort…
Kazakhstan’s First Digital Islamic Bank Deploys Services, Looks Turkey, Russia | Salaam…
Kazakhstan's first digital Islamic bank was recently launched, giving Sharia-compliant finance a boost in the country's growing Islamic economy.
Tayyab was officially released during Eid Al…
Nifty and Sensex win ahead of RBI meeting
A security guard walks past the Indian National Stock Exchange building in Mumbai, India.Dhiraj Singh | Bloomberg | Getty ImagesIndian stocks hit a record high on Wednesday as investors remained bullish amid the corporate earnings season…
Now is not the time for central bank digital currencies
Digital Currency UpdatesSign up for myFT Daily Digest to be the first to know about digital currency news.
Stephen Cecchetti is the Rosen Family Chair in International Finance at Brandeis International Business School.…
Tanzania: Bot Pumps 1tri / – to stimulate the private sector
The Bank of Tanzania (BoT) injected 1tri / - to financial institutions for loans to the private sector with the aim of mitigating the macroeconomic impacts of the Covid-19 pandemic in the country.
BoT Governor Professor Florens Luoga…
England reopens, but companies lift restrictions more slowly
After 16 long months, the UK government lifted nearly all of its pandemic restrictions across England on Monday, including its advice for working from home.But with the arrival of the so-called Freedom Day, the country is reporting nearly…
The BOJ will exploit foreign assets for green investments
A security guard walks past the headquarters of the Bank of Japan in Tokyo, Japan on January 23, 2019. REUTERS / Issei KatoBOJ says it will push banks to improve climate risk disclosureThe BOJ works with the regulator to analyze climate…
Yellen says tax changes for large companies may not be ready until 2022
U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to consider the FY22 budget request for the Treasury Department at Capitol Hill in Washington, DC on June 23, 2021.Greg Nash |…
CBN publishes regulatory framework for mobile money services aimed at fostering financial inclusion
In an effort to improve financial inclusion, the Central Bank of Nigeria (CBN) recently released regulatory guidelines and a framework for mobile money services in the country.According to the CBN, the advent of mobile telephony in…
The lowest interest rates on home loans under Rs 30 lakh: here’s what 15 banks are offering
Borrowers can contact their banks to convert their loans to the new scheme or refinance their loan with another lender after carefully assessing the costs of refinancing and the potential savings on interest.The Reserve Bank of India's…
Indian economy: Loan growth shows coronavirus is leaving deep scars on Indian economy | Business…
NEW DELHI: Risk-averse Indian lenders are emerging as one of the biggest obstacles to the country's speed of recovery from the pandemic-induced downturn, as they withhold credit when the economy needs it most. Loans to businesses and…
Loan growth shows virus leaves deep scars on Indian economy
Risk-averse Indian lenders are emerging as one of the biggest obstacles to the speed of the country's recovery from the pandemic-induced downturn, as they withhold credit when the economy needs it most.Loans to businesses and…
The pandemic has widened the wealth gap. Should we blame the central banks?
July 10, 2021TIT WORLD The 2007-09 financial crisis was both socially destructive and economically destructive. This inspired a backlash of resentment, exemplified by the America's Tea Party. This crisis at least had the tact of…
Sisi pledges to support Egyptian women, pledges to ban child marriage
Egyptian President Abdel Fattah al-Sisi on Sunday pledged to approve social, economic and legal measures to support Egyptian women.He also pledged to accelerate efforts to ban child marriage and facilitate the implementation…