Markets Warm to the Prospect of an ECB Funding Boost for Banks

China’s repo market is a critical component of the country’s financial system. It’s where small banks can source short-term funding from cash-rich lenders and where the central bank can guide monetary policy by influencing the cost of borrowing.....»»

A decision by the world's major central banks to enhance their dollar swap lines will serve as an important backstop to ease strains in global funding markets, the Bank of Japan said on Friday......»»

The Federal Reserve on Thursday announced it had set up temporary U.S. dollar swap lines with nine additional central banks to help lessen the strains in global U.S. dollar funding markets. .....»»

This month's dramatic selloff in financial markets is causing ructions in vital funding markets that keep money flowing between banks and companies and underpin anything from global trade to corporate cashflow......»»

Equity markets around the world surged on Monday as the prospect for central banks cutting interest rates to soften the economic blow of the coronavirus heartened investors and drove U.S. government debt yields to record lows......»»

One of the biggest concerns in the financial markets at this time is that governments and central banks have few obvious policy tools to help keep their economies going if what was seen in China........»»

One of the biggest concerns in the financial markets at this time is that governments and central banks have few obvious policy tools to help keep their economies going if what was seen in China........»»

SoftBank's second Vision Fund has led a new $165 million funding round in California-based Karius, which markets a test that can quickly detect hard to diagnose infections through a simple taking of blood, the start-up said on Monday......»»

The U.S. central bank could encourage banks to tap a key source of funding offered by the Federal Reserve as a solution to the dislocations in money markets that took place in September, said Fed Vice Chairman for Supervision Randal Quarles on Thursday......»»

A federal jury in New York is set to start mulling the fate of former JPMorgan Chase & Co. banker Akshay Aiyer, who is accused of conspiring with traders at other banks to eliminate competition by manipulating currency markets and boost their own profits......»»

The Federal Reserve on Tuesday injected longer-term cash into the U.S. banking system in an effort to meet the funding needs of banks and Wall Street following a bout of turbulence in money markets last week......»»

Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised......»»

Hong Kong's biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels to meet competition from new online-only lenders in one of the world's most profitable banking markets......»»

Currency markets suggest easing by global central banks will fail to boost inflation, say analysts at BofA Merrill Lynch Global Research. Here’s why......»»

London markets began the week in sluggish fashion as the prospect of U.S. rate cuts eased following Friday’s jobs boost......»»

Last week we first noted that something unexpected has been going on in overnight funding markets: ever since March 20, the Effective Fed Funds rate has been trading above the IOER. This was unexpected for the simple reason that it is not .....»»

Pittsburgh’s biggest bank is celebrating the 15th anniversary of PNC Grow Up Great with an additional $150 million to extend the early childhood education initiative program. The program is now a $500 million initiative benefiting 40 markets, PNC.....»»

Markets welcomed the prospect of a merger between Deutsche Bank and Commerzbank on Monday with shares in both lenders trading higher following reports that Germany's largest banks are exploring the feasibility of a merger. Ciara Lee reports......»»

European stocks rose Thursday, as bank shares keyed off a global rise in bond yields after European Central Bank officials indicated they’ll start talking about exiting the central bank’s massive bond-buying program......»»

Stocks are trying to rise for a second day in the row as stress tests boost banks, Nike soars, and the European Union reached a deal on immigration......»»