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A Toxic Concoction of Political Interference, Nepotism, Corruption in Banking and Finance
1729365747 from BANKING
… to facilitate tainted deposits, disregarding banking guidelines. This is deeply disconcerting … correspondent banking relations and highlight for the need for our banks, particularly … strictly avoided, to ensure the banking system operates with transparency, …
GAB unveils measures to combat rising threats in the banking sector
1729357349 from BANKING
… initiatives aimed at bolstering the banking sector's defences … and ensure greater transparency in banking operations. In addition to … mobile and online banking. GAB urges banks to provide customers … , aim to strengthen the banking sector's resilience …
Cypriot banks brace for impact of ECB rate cuts
1729355378 from BANKING
… anticipate lower monthly payments, banks are seeking ways to maintain … previous rate cuts, Cypriot banks’ profits for the first … variable interest rates on the banks’ loan portfolios. While … To navigate these challenges, banks are planning to increase lending …
MMA Governor Highlights Impact of New Foreign Currency Regulations on Banking System
1729344926 from BANKING
… exchanging foreign currency in banks. He highlighted the challenges … often rely on foreign banks to supplement the necessary … been deposited into the Maldivian banking system. He expressed optimism … their earnings through local banks. Resorts and safaris are …
Banks profitability shifting towards dollarisation-IH
1729335154 from BANKING
… year, enabling registered lenders, banks, or any other financial … withdrawals by foreign-owned banks, international lines of credit … for commercial banks had steadily dried up. … active engagement with regional banking institutions after a 22- …
CBK to launch fast payment system across all banks, payment service providers an...
1729332287 from BANKING
… payment system (FPS) across all banks and financial institutions countrywide. CBK … . The Pesalink platform integrates 65 banks, fintechs, and telcos," he … with Section 43 of the Banking Act after JP Morgan Chase …
Latest NBE directive introduces terms for banking liquidity crisis bailouts
1729328214 from BANKING
… to inject cash into solvent banks “experiencing temporary liquidity challenges” … the stability of the banking system.” A bank looking … birr at most banks. Experts and banking industry insiders have … the NBE instructed commercial banks to cap their forex …
Banks’ NII to take a hit in rate-cut cycle: IOB chief
1729289699 from BANKING
… Bank. Interest incomes of banks having higher exposure to retail … policy rate, putting pressure on banks’ marginal cost of funds- … decline as a percentage of banks’ overall lending books, Srivastav … to put their savings in banks. Banks having less than 80% of …
Banks begin to lower cost of credit amid Treasury pressure
1729288184 from BANKING
… . [File, Standrda] Commercial banks have started lowering lending rates … portfolios. The reluctance by banks to lower interest rates … single interest rates.” “The banking sector in Kenya is the … of credit, urging commercial banks to consider lowering their …
CBL to injects 15 billion dinars into banking system
1729287983 from BANKING
… billion Libyan dinars into the banking system to ease cash shortages … Al-Barassi, and senior banking executives at the CBL’s … 15 billion dinars across Libyan banks in the coming months, starting … payments: The CBL is encouraging banks to issue more debit and …
Several banks are still paying close to 5% for your cash, one month after the Fed cut rates
1729283529 from BANKING
… savings account rates at bigger banks — such as Ally, Synchrony, and … offered by credit unions, not banks. While many credit unions limit … -yield checking account at some banks and credit unions, but expect …
Fed’s Bostic Says He’s ‘Not in a Rush’ to Get to Neutral
1729275720 from BLOOMBERG
Federal Reserve Bank of Atlanta President Raphael Bostic says he’s not in a hurry to lower interest rates to the so-called neutral level during a moderated conversation at an event hosted by the Mississippi Council on Economic Education in Jackson, Mississippi.
Fed’s Waller: ‘DeFi’ Can Complement Centralized Finance
1729274627 from BLOOMBERG
Federal Reserve Governor Christopher Waller says aspects of decentralized finance can complement the traditional financial system and that “advances associated with DeFi have the potential to profoundly affect financial market trading.” Waller spoke Friday to the Institute of Advanced Studies’ Vienna Macroeconomics Workshop. (Source: Bloomberg)
Diversification of revenues crucial for banks as interest rates fall
1729273904 from BANKING
Banks that are highly dependent on … warned. The recent lift in banks’ performance is largely down to … , McKinsey said in its Global Banking Annual Review 2024 published on … value creation in the global banking industry, which ranks last among …
Banks' energy finance disclosures must be standardized
1729261739 from BANKING
… message is regrettably simple: Banks should calculate and disclose this … for the calculation of a banking institution's ESR, … design choices for individual banks that may be considering … alone cannot ensure change. Banks should set targets for achieving …
Gold Weekly Forecast: XAU/USD rallies to new record-high as global interest rate environment changes
1729261298 from fxstreet
Gold (XAU/USD) ignored the broad-based US Dollar (USD) strength this week and advanced to a new all-time high above $2,700 as investors reacted to growing prospects of a globally lower interest rate environment.
Trifecta of Fed Rate-Cut Regret Is an Illusion
1729261187 from ADVSRPERSP
We’ve had several weeks of strong data since the Federal Reserve cut policy rates by a half percentage point. It started with a surprisingly robust jobs report, followed by a janky and above-expectations inflation report.
Central Banks' Dilemma: Celebrating Too Soon on Inflation?
1729260383 from GOLDSILVER
While inflation has decreased in many developed countries, approaching central banks' 2% targets, experts warn against premature celebration. Historical examples, like the 1970s U.S. inflation resurgence, demonstrate that inflation can unexpectedly return after periods of apparent stability. Factors such as monetary policy changes, political pressures, and external shocks can quickly reignite inflationary pressures, suggesting caution is warranted in declaring victory over inflation.
ECB's Lagarde on Risk of Trade Tariffs (Oct. 17)
1729257530 from BLOOMBERG
Speaking Oct. 17, European Central Bank President Christine Lagarde responds to a question from Bloomberg's Alex Weber on the potential risk of trade tariffs if Donald Trump wins the Nov. 5 US presidential election. "Any restriction, any uncertainty, any obstacles to trade matters for an economy like the European economy, which is very open," Lagarde said. (Source: Bloomberg)
China’s major commercial banks cut deposit rates again
1729256549 from BANKING
China’s major commercial banks have cut their deposit rates … reduction in reserve requirements for banks to encourage lending. Prior to … country’s major state-owned banks have been under pressure, with …
Analysts see more drops in base interest rates amid pressure on banks
1729255367 from BANKING
… August, but most commercial banks are yet to reflect this … from 14 world’s leading banks, consultancies, and think tanks, … , boosting economic activities. However, banks have come under pressure from … would like to give you (banks). Private sector credit only …
Gold plants flag above fresh all-time high at $2,700 on increased prospects of global easing
1729245892 from FXStreet
Gold (XAU/USD) establishes a foothold above the $2,700 psychological level on Friday after piercing through above this level on the previous day, setting yet another fresh all-time high.
USD/JPY Price Forecast: Pullback could be seen as buying opportunity amid BoJ uncertainty
1729236892 from fxstreet
The USD/JPY pair meets with some supply on Friday and for now, seems to have snapped a two-day losing streak to its highest level since early August, around the 150.30 area touched the previous day.