Category: Bank
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Bangladesh chief justice, central bank chief quit amid protests, officials say By Reuters
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DHAKA (Reuters) – Bangladesh’s chief justice and central bank governor have resigned, officials said on Saturday, as student protests that forced Prime Minister Sheikh Hasina to flee widen to target more officials appointed under her rule. A justice ministry official, speaking on condition of anonymity, said Supreme Court Chief Justice…
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Standard Chartered Subsidiary Bank Launches Bitcoin ETFs Trading
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Standard Chartered Bank’s subsidiary, Mox, has launched Bitcoin and cryptocurrency exchange-traded funds (ETFs) trading on its investment platform. This makes Mox the first virtual bank in Hong Kong to offer Bitcoin and cryptocurrency-linked investment products. BREAKING: ?? Standard Chartered’s Mox Bank starts offering #Bitcoin ETFs on its platform. pic.twitter.com/OCzGh75FKc —…
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Standard Chartered Subsidiary Bank Launches Bitcoin ETFs Trading
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Standard Chartered Bank’s subsidiary, Mox, has launched Bitcoin and cryptocurrency exchange-traded funds (ETFs) trading on its investment platform. This makes Mox the first virtual bank in Hong Kong to offer Bitcoin and cryptocurrency-linked investment products. BREAKING: ?? Standard Chartered’s Mox Bank starts offering #Bitcoin ETFs on its platform. pic.twitter.com/OCzGh75FKc —…
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Norges Bank halves Mobileye stake
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Norway’s central bank Norges Bank has sold more than half of its 10.7% stake in Israeli Advanced Driving Assistance Systems (ADAS) company Mobily International Company (NASDAQ: MBLY), according to the company’s latest holdings report filed with the U.S. Securities and Exchange Commission (SEC). At the end of July, Norges Bank…
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Berkshire Hathaway sells Bank of America shares worth over $778 million By Investing.com
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Berkshire Hathaway General Electric (NYSE:GE), led by famed investor Warren Buffett, recently sold a large chunk of its shares in Bank of America Corp (NYSE:NYSE:). The total sales, which took place over several days, amounted to more than $778 million. The sales series began on July 30, 2024, when Berkshire…
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RBC, Deutsche Bank plan US$4.5-billion debt sale for R1 RCM
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Article Content Deutsche Bank and Royal Bank of Canada are preparing to issue a $4.5 billion debt package to help finance Towerbrook Capital and Clutton Dubilier & Rice’s planned purchase of R1 RCM Inc., according to people familiar with the matter. The financing could include a leveraged loan of up…
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Bank of England cuts interest rates to 5% in first reduction since 2020
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The Bank of England has cut interest rates for the first time in more than four years, providing much-needed relief to millions of homeowners and families still struggling with the high cost of living. In a controversial decision announced at midday, the nine-member Monetary Policy Committee voted 5-4 to cut…
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Bank of America says oil’s Bermuda triangle is nearing an end
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Oil prices rose in the hours following yesterday’s news: Assassination of Hamas leader Ismail Haniyeh in Tehran Hamas says assassination of Ismail Haniyeh is dangerous escalation All eyes are on the Middle East following this news, and oil prices have risen. In a separate report, Bank of America says: “Oil…
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UAE Residents Can Trade Crypto Directly With Bank Accounts
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Source: cryptodaily Cryptocurrencies have been steadily gaining widespread acceptance, and the UAE is leading the way. Recently, a digital asset custody service provider announced M2 exchange The United Arab Emirates has announced a new and innovative integration that will allow UAE residents to directly trade cryptocurrencies, specifically Bitcoin (BTC) and…
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UAE Residents Can Trade Crypto Directly With Bank Accounts
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Source: cryptodaily Cryptocurrencies have been steadily gaining widespread acceptance, and the UAE is leading the way. Recently, a digital asset custody service provider announced M2 exchange The United Arab Emirates has announced a new and innovative integration that will allow UAE residents to directly trade cryptocurrencies, specifically Bitcoin (BTC) and…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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5 reasons the Bank of Japan should be wary of hiking rates this week
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Via Scotia, Preview Comments on What to Expect from the Bank of Japan. Of the 46 consensus forecasters, only 9 expect a rate hike. Markets are pricing in a 10 basis point rate hike, which has been around 70% with pricing around 7 basis points. The argument for raising interest…
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Ethiopia’s birr drops 30% as central bank floats currency By Reuters
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Written by Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia’s central bank decided to float the country’s birr currency on Monday, a move the government hopes will secure International Monetary Fund support and make progress on a long-delayed debt restructuring. The Commercial Bank of Ethiopia, the country’s largest lender, said the…
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European markets mixed ahead of key central bank meetings (EUR:USD)
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Yuji Sakai London (UKX) +0.64% Germany (DAX:IND) +0.32% France (CAC:IND) -0.18% Sweden’s economy shrank by 0.8% quarter-on-quarter in the three months to June. The Finnish consumer confidence index rose to -7.2 in July. Manufacturing confidence in Finland rose to -12 in July. European Stoxx 600 Index (STOXX)) It increased by…
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Deutsche Bank expect 3 Fed rate cuts in 2024. BoA says just 1
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The Federal Open Market Committee (FOMC) meets on the 30th and 31st: Statement due at 1400 ET (1800 GMT) Fed Chair Powell’s press conference is in half an hour. Deutsche Bank expects nothing at this week’s meeting: First 25bp cut in September This was followed by a 25 basis point…
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Bears see Mag 7’s S&P dominance as ‘one bad payroll away from cracking’: Bank of America
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Adam Smigelski The Magnificent 7 tech giants’ significant impact on the S&P 500 (SP500) could stem from a significant slowdown in U.S. economic activity, Bank of America said. Nasdaq 100 (NDX) and other technology stock indexes (COMP:IND)) (Q Q Q) fell this month as investors moved into small-cap stocks.Rty Way)…
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Swiss private bank Julius Baer H1 profit drops 15% By Reuters
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ZURICH (Reuters) – Swiss private bank Julius Baer reported a 15 percent drop in profit in the first half of 2024 on Thursday, a turbulent period that saw its chief executive step down in the wake of the multi-million dollar Cigna debacle. The Zurich-based bank said adjusted net profit fell…
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4 bullish signals are pointing to more stock gains ahead, according to Bank of America
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Spencer Platt/Getty Images Bank of America technical analyst Steven Suttmeyer says the stock market is likely to continue rising. In a note on Tuesday, Suttmeyer highlighted four positive signs that point to a healthy bull market. “The rotation, which is the lifeblood of a bull market, suggests that the S&P…