Business
Bank of England prepared to cut rates if job market slows, says governor
The Bank of England is prepared to make larger interest rate cuts if the job market shows signs of slowing down, its governor has said. In…
Tag
Bank
News
Bank of England governor Bailey warns banks against issuing own stablecoins
The governor is also chair of the Financial Stability Board, which is responsible for monitoring risks in financial markets globally Bank…
Business
Europe: Stocks down with bank and healthcare drag, US-EU tariffs in focus
European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a week marred by US…
Business
US bank profits to climb on stronger trading, investment banking
Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking.…
Business
Bank of Korea holds rates steady amid tariff, household debt concerns
South Korea’s central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial…
Business
Australia takes another step toward a central bank digital currency
Australia’s central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with a…
Business
New Zealand central bank holds cash rate at 3.25%
New Zealand‘s central bank held the benchmark interest rate at 3.25 per cent on Wednesday, but said it expected to loosen monetary policy…
Business
Bank of America loses crisis-era backer after Kuwait sells US$3 billion stake
First, it was Warren Buffett. Now, another key Bank of America (BOA) investor that stood by it since the worst days of the 2008 financial…
Business
Australia’s central bank keeps rates steady at 3.85%, stuns markets
Australia’s central bank on Tuesday (Jul 8) left its cash rate steady at 3.85 per cent, a shock for markets that had confidently wagered…
Business
Vietnam central bank readies measures to counter tariff impact
The Vietnamese dong has been under pressure in recent weeks, dropping to a record low in June Vietnam’s central bank stands ready to take…
Business
Reserve Bank of Australia poised for back-to-back rate cuts as tariffs darken outlook
Australia’s central bank is set to deliver its first back-to-back interest rates cuts in six years, stepping up its easing cycle as…
Business
Bank of England’s policymaker warns neutral rate question can’t be avoided
Bank of England (BOE) policymaker Alan Taylor said UK officials cannot sidestep the question of where interest rates will settle, in a…
News
EPA says Trump's big bill should help in its fight to take back billions in green bank funds
The sprawling tax and policy bill that passed Congress repeals a multibillion-dollar green bank for financing climate-friendly projects,…
Business
Deutsche Bank, SeaTown join VinFast’s US$510 million private debt: sources
Deutsche Bank and SeaTown Holdings International are among the lenders providing a US$510 million private credit loan to VinFast Auto,…
Business
Ripple applies for US national bank charter as crypto eyes next frontier
The move reflects a broader push by crypto firms for regulatory clarity and deeper integration with the traditional financial system…
News
Fed Chair Powell: Size of Trump tariffs forced bank to pause rate cuts
Fed Chair Jerome Powell said Tuesday the magnitude of President Trump's April 2 "Liberation Day" tariffs forced the central bank to take…
Business
Liquidators file legal proceedings against Standard Chartered Bank over 1MDB fraud
Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have initiated legal proceedings against…
Business
Standard Chartered Bank faces US$2.7 billion lawsuit over alleged role in 1MDB fraud
The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development Berhad — Liquidators seeking to recoup…
Business
Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims
Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have…
Business
Circle applies for US trust bank license after bumper IPO
Stablecoin firm Circle is applying to create a national trust bank in the US, a major move after its blockbuster initial public offering…
Business
Bank of Korea halts digital currency project, pausing talks with banks
South Korea’s central bank halted its digital currency testing project, telling participating banks it will temporarily pause discussions…
Business
Thailand central bank vows to step in if baht moves are unhinged
Thailand’s central bank is ready to tackle excessive baht volatility by managing any moves “unhinged” from its fundamentals, a deputy…
Business
Bank of Korea overhauls repo framework amid changing liquidity conditions
The Bank of Korea (BOK) said it’s revamping its open market operation framework to increase its operational flexibility to manage…
Business
Indonesia’s yield curve may steepen as Bank Indonesia unwinds intervention
Indonesia’s sovereign yield curve is set to steepen as the central bank reduces its use of short-term rupiah securities, prompting a shift…