One Bank"s Striking Admission: The Fringe Is Now In Charge Because Of Central Banks
Whereas several years ago, forecasting that central banks would unleash wars, bloodshed and social conflict was considered so preposterous, it was relegated to the domain of fringe, tinfoil hat blogs, it has gradually been .....»»
ECB"s tiered rate is cold comfort for euro zone banks
The European Central Bank is giving euro zone banks a small reprieve from a penalty charge on their idle cash but this is likely to prove too little, too late for a sector hurt by years of low interest rates......»»
Central banks aren"t running scared of bitcoin but they want to keep control, says former Bank of England digital guru
Huw van Steenis, senior advisor to the chief executive of UBS, punctures some central bank digital currency myths The Bank of England is looking into launching a "Britcoin." John Sibley/Reuters Central banks are increasingly intere.....»»
US Launching Five Digital Dollar Pilot Programs
US Launching Five Digital Dollar Pilot Programs By now it's common knowledge that China is leaps and bounds ahead of all other central banks in launching a CBDC, or Central Bank Digital Currency (which Beijing vows is not a challeng.....»»
Central banks to reduce dollar liquidity provisions
The Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, in consultation with the Federal Reserve, have jointly decided to discontinue o.....»»
The Fed: Fed won’t extend relief for banks from key capital rule
The Federal Reserve on Friday said it would not extend a temporary exemption that allowed banks to exclude Treasurys and deposits with the central bank from the calculation of the supplementary leverage ratio past March 31......»»
How China’s Liquidity Squeeze Got Markets All Rattled
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.....»»
Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain
The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency......»»
Fed"s Quarles defends decision to let banks maintain dividends
A senior Federal Reserve official on Tuesday defended before Congress the central bank's decision to allow lenders to continue issuing dividends, even as the regulator seeks permission from lawmakers to further relax capital rules......»»
Where Regions, BBVA USA rank in banking satisfaction study
Birmingham’s two largest banks have been ranked ninth and 14th in the South Central region in the 15th-annual J.D. Power 2020 U.S. Retail Banking Satisfaction Study. Regions Bank had an overall score of 829 and BBVA USA scored an 813 on a 1,000-.....»»
As central banks break the junk debt barrier, investors will follow
Recent central bank bond-buying to calm market turmoil has breached the wall dividing top-grade debt from so-called junk-rated issues, raising the likelihood of the investment industry and even regulators eventually dismantling the barrier......»»
ECB will allow some junk-rated debt to be used as collateral in event of downgrades
The European Central Bank on Wednesday said it would allow some debt to continue to be used as collateral by banks in the event of downgrades to below investment-grade status. The ECB said assets, with the exception of asset-backed securities, that.....»»
Gold prices will nearly double to a record $3,000 as central banks fuel "financial repression," Bank of America says
REUTERS/Ilya Naymushin Gold will rally 80% over the next 18 months as central bank stimulus and economic turmoil drives record in.....»»
Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer
The trial for a faster, more transparent clearing system involves some of the country's largest banks......»»
Philippines says it still has monetary space after easing steps
The Philippines still has ample monetary space after recently cutting its key interest rate and approving a policy that effectively reduced the reserve requirement ratio for banks, central bank Governor Benjamin Diokno said......»»
What Happens When Central Banks Buy Stocks
As the Federal Reserve mulls buying stocks, the Bank of Japan offers a case study of its efficacy and limitationsRelated Stocks: BLK,.....»»
What Happens When a Central Banks Buy Stocks
As the Federal Reserve mulls buying stocks, the Bank of Japan offers a case study of its efficacy and limitationsRelated Stocks: BLK,.....»»
Bank of America, Citigroup, Wells Fargo and More Bank Earnings Coming This Week
Banks will be central in leading the economic recovery through small business lending, among other things. The numbers that these institutions post this week will be an important barometer for what........»»
Federal Reserve moves to pump up small business lending
The new Fed effort, which the central bank is rolling out under its emergency lending powers with signoff from Treasury Secretary Steven Mnuchin, addresses concerns raised by banks trying to participate in the Paycheck Protection Program......»»
Fed says it will provide financing against new U.S. "payroll protection" loans
The Federal Reserve on Monday moved to bolster a new small-business lending program by allowing banks to turn those loans over to the U.S. central bank for cash, easing concerns among banks about getting stuck holding the low interest loans......»»
Revolut Expands Crypto Offering – But Not in the US
Fintech challenger bank Revolut accelerated its plans to offer crypto buy and sell services due to recent actions by central banks, said head of crypto Edward Cooper......»»