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Risky business: Why one Valley bank takes marijuana dispensaries" cash
Banking marijuana-related businesses takes more resources, more attention to detail and more risk tolerance than most Arizona banks are willing to give. But this Valley bank says it has it figured out......»»
Dime Community Bank says 50% of tenants aren"t paying rent
Brooklyn-based Dime Community Bank said 50% of tenants in properties it has lent to aren’t paying rent, continuing the dismal delinquency statistics from local banks. On a more positive note, the... To view the full story, click the title link......»»
Bank of England says coronavirus tougher than banks" stress test
The shock from coronavirus to banks is set to be greater but less prolonged than lenders faced in last year's stress test and the financial system remains resilient, the Bank of England said on Tuesday......»»
Bank of England cancels bank stress tests
The Bank of England said Friday it's going to cancel the 2020 stress test for the eight major U.K. banks and building societies as well as delay a planned survey with the Financial Co.....»»
Breakingviews TV: Vironomics
Italy has pledged 4.5 bln euros to fight a coronavirus outbreak at home, offering tax breaks to keep companies alive. Central banks alone are unable to kill the virus. Lisa Jucca explains the merit of practical economic measures......»»
Central Banks Are Eying Digital Currency in 2020, This Is What They"re Paying Attention To
Starting with The Bank of China’s annou.....»»
China"s Banks Face $6 Trillion Coronavirus Cataclysm If Epidemic Is Not Contained Soon
China's Banks Face $6 Trillion Coronavirus Cataclysm If Epidemic Is Not Contained Soon In a little noticed post back in November, we reported that as part of a stress test conducted by China's central bank in the first half of 2019, 30 me.....»»
Fed includes "heightened stress" in leveraged loans in 2020 bank stress tests
Large banks with significant trading operations will have their finances tested in 2020 against a scenario that includes "heightened stress" in leveraged loans, the Federal Reserve announced on Thursday......»»
Mediobanca CEO expects second-tier banks to look at M&A in 2020
Second-tier banks in Italy, Spain and possibly Germany are likely to consider mergers this year in a bid to boost returns which are insufficient to cover their cost of equity, the chief executive of investment bank Mediobanca said......»»
A $20 Trillion Problem: More Than Half Of China"s Banks Fail Central Bank Stress Test
A $20 Trillion Problem: More Than Half Of China's Banks Fail Centr.....»»
How ECB Hopes ‘Tiering’ Eases Pain of Negative Rates
In September, the European Central Bank has doubled down on its negative interest rates, a policy meant to stimulate the economy by charging banks billions of euros for money they’re not lending out. At the same time, it added a new measure, call.....»»
"Horror" In Ghana As A Third Of Banks Shutter, Sparking Unprecedented Bank Run
It's bad enough that drought-like conditions and rapid population growth have stoked a shortage of water and other vital resources in G.....»»
Medill News Service: Cannabis company’s CEO: Being unbanked meant paying $3 million tax bill in cash
Cannabis-industry players on Tuesday voice support for a bill that would protect banks that aim to serve the sector, as one industry veteran tells a Senate panel that not having a bank forced him to pay a $3 million tax bill in cash......»»
Fed Stress Test: 2019 Capital Plan Results Boost Financial Stocks
The U.S. Federal Reserve said 18 of the largest U.S. banks are healthy and have enough capital to justify paying some of it out to shareholders. read more.....»»
ECB pushes back rate hike again as outlook darkens
The European Central Bank pushed back the timing of its first post-crisis interest rate hike again on Thursday and said it would continue paying banks for lending in its latest effort to revive a slowing euro zone economy. David Pollard reports......»»
EU fines five banks $1.2 billion for foreign exchange rigging
Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market......»»
EU regulators fine five banks 1.07 billion euros for forex rigging
EU antitrust regulators on Thursday fined Barclays, Citigroup, JPMorgan, MUFG and Royal Bank of Scotland a total of 1.07 billion euros ($1.2 billion) for rigging the spot foreign exchange market for 11 currencies......»»
Israeli bank to pay $195M for US tax-avoidance scheme
One of Israel's largest banks has agreed to pay $195 million for helping U.S. citizens avoid paying taxes by stashing their assets in offshore accounts......»»
UniCredit profits up 22 percent, best 1Q in a decade
Italy's largest bank by assets, UniCredit, has reported its best first quarter in more than a decade, with net profits up 22 percent to 1.1 billion euros ($1.3 billion)......»»
Deutsche Bank plummets as Italy crisis rocks global banks
Markets Insider Shares in Germany's biggest bank, Deutsche Bank, were plummeting Tuesday morning as market turmoil surrounding the Italian political crisis spread to the shares of global banks. By about 11:20 a.m. BST (6:20 a.m. ET), Deutsche Bank's s.....»»