Financial Services, Industries
March 16, 2023
Via: CNBCFinancial institutions took billions in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis of confidence and liquidity, the central bank reported Thursday. Utilizing tools the Fed rolled out Sunday, banks looking for […]
Financial Services, Industries
March 13, 2023
Via: ABC NewsTwo large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks […]
Financial Services, Industries
January 26, 2023
Via: Investing.comSwedish banking group SEB beat fourth-quarter net profit forecasts on Thursday on higher interest income after central bank rate hikes and trading gains, prompting it to boost its proposed dividend. Surging inflation, in part due to the energy crisis stemming […]
Financial Services, Industries
January 13, 2023
Via: CNBCWells Fargo shares came under pressure Friday after the bank reported shrinking profits, weighed down by a recent settlement and the need to build up reserves amid a deteriorating economy. The stock fell more than 2% in Friday’s trading. Here’s […]
Financial Services, Industries
January 13, 2023
Via: CNBCBank of America reported fourth-quarter results on Friday that showed higher interest rates helped the Wall Street giant make up for a sharp slowdown in investment banking. Here are the key metrics compared with what Wall Street expected: Earnings: 85 […]
Financial Services, Industries
December 20, 2022
Via: ABC NewsThe Bank of Japan broadened caps for a benchmark government bond yield, a surprise move that pushed bond yields higher globally and dinged stocks in Asia. The central bank on Tuesday said that it would allow the yield curve on […]
Financial Services, Industries
November 3, 2022
Via: The Wall Street JournalThe Bank of England raised its key interest rate by 0.75 percentage point on Thursday, its largest rise since 1989, as it fights a surge in inflation from rising energy prices even as the U.K. economy slides into an expected […]
Financial Services, Industries
November 2, 2022
Via: ABC NewsThe European Central Bank is warning that many of the financial institutions it oversees are moving too slowly to shield themselves and Europe’s banking system from the impact of climate change, and it is setting new deadlines to meet those […]
Financial Services, Industries
October 26, 2022
Via: DailyFXThe Bank of Canada (BoC) has raised its benchmark interest rate by 50 basis points, underwhelming a market that was priced for 75 basis points. This follows a 75 basis point (bps) rate hike at the previous meeting in September, […]
Financial Services, Industries
October 14, 2022
Via: Sky NewsJust five days after the former chancellor unveiled his mini-budget on 23 September, the Bank took unprecedented action to purchase long-dated UK government bonds, known as gilts, that are effectively government IOUs. Bonds are a principal way countries raise funds. […]
Financial Services, Industries
October 14, 2022
Via: Markets InsiderThe People’s Bank of China Governor Yi Gang reportedly said the central bank will nudge lenders to increase loans to the infrastructure, manufacturing and property sectors to better support the economy. Yi asserted a vow to “step up the implementation […]
Financial Services, Industries
October 6, 2022
Via: Sky NewsResponding to a letter from Treasury Select Committee chairman Mel Stride asking for greater clarity on why the Bank intervened at the end of September, Sir Jon Cunliffe, the Bank’s deputy governor for financial stability, said it launched an emergency […]
Financial Services, Industries
September 28, 2022
Via: ABC NewsThe Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the […]
Financial Services, Industries
September 28, 2022
Via: Payments DiveCard fraud is an ongoing concern for financial institutions, despite the popularity of newer payment methods, the PYMNTS-Featurespace study, released on Sept. 13, highlighted. But emerging payment methods, including P2P vehicles such as Zelle, Venmo, Cash App and others, are […]
Financial Services, Industries
September 19, 2022
Via: DailyFXTHE ROLE OF CENTRAL BANKS IN THE FOREX MARKET Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary […]
Financial Services, Industries
September 14, 2022
Via: DailyFXThe Bank of Japan’s ultra-loose monetary policy is under pressure from a swathe of global central banks embarking on a series of rate hikes and balance sheet reduction programs. While many central banks, including the Federal Reserve (Fed) and the […]
Financial Services, Industries
August 4, 2022
Via: ABC NewsThe Bank of England projected Thursday that the United Kingdom’s economy will enter a recession at the end of the year as it hiked interest rates by the largest amount in more than 27 years, pushing to tame accelerating inflation […]
Financial Services, Industries
June 28, 2022
Via: Investing.comCredit Suisse may “temper” some of its key growth initiatives in wealth management as it focuses efforts on a risk turnaround and bolstering technology, executives said in their first update to investors since a new strategy was set out. A […]
Financial Services, Industries
June 28, 2022
Via: DailyFXContractionary monetary policy is the process whereby a central bank deploys various tools to lower inflation and the general level of economic activity. Central banks do so through a combination of interest rate hikes, raising the reserve requirements for commercial […]
Financial Services, Industries
June 15, 2022
Via: ABC NewsThe European Central Bank’s rate-setting council will hold an unscheduled meeting Wednesday “to discuss market conditions,” with borrowing costs for several countries having increased after the bank said it would raise interest rates — bringing back bad memories of the […]