Category: Bank
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Reuters Poll: BOE to cut bank rate by 25 basis points one more time this year
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Here’s what 14 investment bank analysts are forecasting for US CPI headline and core rates
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Standard Chartered Bank Launches Bitcoin and Crypto Custody Service in UAE
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Standard Chartered Bank has officially launched its digital asset custody service in the UAE, according to a press release issued by the bank. advertisement From the bank. The service has been licensed by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), following a Memorandum of…
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Standard Chartered Bank Launches Bitcoin and Crypto Custody Service in UAE
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Standard Chartered Bank has officially launched its digital asset custody service in the UAE, according to a press release issued by the bank. advertisement From the bank. The service has been licensed by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), following a Memorandum of…
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More on the failed changes at the Reserve Bank of Australia
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Here are some news headlines on this topic from earlier: Proposed changes to RBA board fail In addition to some details, quoted from Reuters news agency: The reforms, recommended by an independent review last year, included the creation of a separate governance board to complement the existing monetary policy board.…
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China’s central bank didn’t buy any gold in August
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Gold monthly China’s central bank did not announce any gold purchases in August, saying reserves remained at 72.80 million troy ounces. Announced purchases stopped in May after several months of accumulation. Reports later suggested that the People’s Bank of China had become price sensitive. In February, the People’s Bank of…
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Bank staff tap insider loans faster than ordinary borrowers
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Big bank employees took out new loans at a faster rate than managers and other borrowers in the first half of the year to June 2024, as friendly borrowing rates protected them from the highest market rates in 18 years, an analysis showed. An analysis of the financial results of…
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Russian court freezes Raiffeisen shares in local bank, blocking sale By Reuters
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FRANKFURT (Reuters) – A Russian court has frozen shares in the local arm of Raiffeisen Bank International, Russia’s largest Western bank said on Thursday, ruling out any sale of the company for now. The Austria-based Reserve Bank of India had pledged to spin off its Russia business, which provides a…
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Russian court freezes Raiffeisen shares in local bank, blocking sale By Reuters
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FRANKFURT (Reuters) – A Russian court has frozen shares in the local arm of Raiffeisen Bank International, Russia’s largest Western bank said on Thursday, ruling out any sale of the company for now. The Austria-based Reserve Bank of India had pledged to spin off its Russia business, which provides a…
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Major Russian lenders say yuan coffers empty, urge central bank action By Reuters
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Written by Elena Fabrichnaya MOSCOW (Reuters) – Russia’s top banks have called on the central bank to take action to address a liquidity shortage in the yuan that has sent the rouble to its lowest level since April against the Chinese currency and pushed yuan swap rates into the single…
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Major Russian lenders say yuan coffers empty, urge central bank action By Reuters
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Written by Elena Fabrichnaya MOSCOW (Reuters) – Russia’s top banks have called on the central bank to take action to address a liquidity shortage in the yuan that has sent the rouble to its lowest level since April against the Chinese currency and pushed yuan swap rates into the single…
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Bank of America sees more downside for the dollar By Investing.com
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The US dollar has stabilized after a sharp decline in August, but Bank of America Securities sees more trouble ahead for the greenback. At 07:20 ET (11:20 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 101.077, having largely held…
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Bank of Canada Cuts Rates by 25bps, Signals More Easing Ahead
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The Bank of Canada today cut its overnight interest rate target by 25 basis points to 4.25%, marking the second consecutive rate cut in the monetary tightening cycle. This outcome was widely expected, as we discussed in our event guide. The Bank of Canada indicated in its statement the following:…
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Switzerland’s Fourth Largest Bank ZKB Launches Bitcoin Trading
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Zürcher Kantonalbank (ZKB), the fourth largest bank in Switzerland, I started presenting ZKB offers its clients Bitcoin and cryptocurrency trading and custody services. With over $290 billion in assets under management, ZKB serves individual, corporate and institutional clients. Urgent: Launch of the $290 billion Zurich Cantonal Bank #Bitcoin And encrypted…
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Chile’s central bank has cut its benchmark rate to 5.5%, from 5.75%
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Biden’s Crypto Crackdown Hits Custodia Bank: Workforce Reductions Announced
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In response to the Biden administration’s intense scrutiny of the crypto industry, Custodia Bank, a prominent Wyoming-based financial institution that caters to crypto businesses, recently underwent a major restructuring. like Reported Custodia Bank decided on Thursday to lay off nine of its 36 employees, in a move aimed at preserving…
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Biden’s Crypto Crackdown Hits Custodia Bank: Workforce Reductions Announced
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In response to the Biden administration’s intense scrutiny of the crypto industry, Custodia Bank, a prominent Wyoming-based financial institution that caters to crypto businesses, recently underwent a major restructuring. like Reported Custodia Bank decided on Thursday to lay off nine of its 36 employees, in a move aimed at preserving…
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Bank of Israel keeps rate unchanged, sees inflation rising
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The Monetary Committee of the Bank of Israel announced that it left the interest rate unchanged at 4.5%, as expected. This is the fifth time in a row that the Bank of Israel has kept the interest rate unchanged, after cutting it from 4.75% in January. The Bank of Israel…
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UBS sees GBP/CHF range-bound amid central bank moves By Investing.com
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UBS’s latest comments on the currency pair point to a range trading outlook in the near term, with its analysis highlighting the contrasting monetary policies of the Swiss National Bank and the Bank of England. The bank noted that the Swiss National Bank is nearing the end of its interest…
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UBS sees GBP/CHF range-bound amid central bank moves By Investing.com
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UBS’s latest comments on the currency pair point to a range trading outlook in the near term, with its analysis highlighting the contrasting monetary policies of the Swiss National Bank and the Bank of England. The bank noted that the Swiss National Bank is nearing the end of its interest…