Latest News for: Banking system

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It's time to change the rules of the banking game

Alternet 27 Mar 2023
Those are all good arguments, but Congress is not likely to nationalize the whole banking system any time soon ... It would be assessed on the banking system, backstopped by taxpayers, and would primarily help very, very wealthy people," Bair said on Washington Post Live.
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Fed's interest rate hikes losing potency

China Daily 27 Mar 2023
Since the collapse of Silicon Valley Bank and Signature Bank, there ... However, it should be seen that while some banks face unusual capital needs, there is still ample liquidity in the system and the health and safety of the banking system of the United States is not in question.
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Many Benefits of CBN’s Cash-less Policy

This Day 27 Mar 2023
As a result of the illicit monies held by politicians and public officers in the homes, and outside the banking system, the economy and Nigerians, in general, have had to pay a huge price – high inflation, exchange rate crisis, distortion of monetary policy, and unemployment among others.
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ANZ's CEO says banking turmoil has potential to trigger financial crisis

Live Mint 27 Mar 2023
Australia and New Zealand Banking Group's CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008.Authorities around the world are on high alert ...
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How to be a conscious saver, however much money you have to put away

Metro UK 27 Mar 2023
April brings a spirit of cheerfulness, with daffodils, warmer weather and the promise of spring bank holidays ... And you don’t need to have millions, or even thousands, in the bank to make a change ... It’s through this that putting your money into an Isa with a sustainable bank supports a wider eco-system of green finance that brings about real change.
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The Week Ahead: Congressional hearings on bank failures should also ask about credit conditions

Union Leader 27 Mar 2023
First came the spectacularly quick bank failure ... Expect the witnesses to reassure Americans that the banking system is “sound and resilient,” as the Fed described it last week after raising its target short-term lending rate by another quarter of a percentage point ... The banking failures have set off worries about a credit crunch.
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Public sector banks to submit plan to deal with key business risks

The Times of India 27 Mar 2023
State-run banks will within two weeks submit to the government a detailed scenario-mapped plan of various business risks, people familiar with the development told ET ... Public sector banks (PSBs) assured finance minister Nirmala Sitharaman at a review meeting on Saturday that the Indian banking system remains robust and there is no cause for worry.
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After the collapse of SVB and Credit Suisse… can you bank on your bank?

Metro UK 27 Mar 2023
The UK arm of Silicon Valley Bank was rescued by HSBC earlier this month (Picture ... However, both Downing Street and the Bank of England have issued statements backing the UK banking system and saying it’s better protected than it was at the time of the global financial crisis in 2008 ... Which banks share licences? ... ■ Co-operative Bank, Smile, Britannia.
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Asia wary, US stock futures up on SVB reports

The Philadelphia Inquirer 27 Mar 2023
stock futures higher on Monday on hopes authorities were working to ring fence stress in the global banking system, even as the cost of ...
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NLC Picketing of CBN Headquarters, Branches

This Day 27 Mar 2023
He observed that the regulatory bank was concerned about the difficulty experienced by Nigerians due to the cash squeeze. He, however, noted that it was a priority of the CBN to ensure that the volume of cash outside the banking system did not revert to previous numbers.
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Investors brace for another week of turmoil as mad March ends

The Times of India 27 Mar 2023
Global financial markets are poised for another week of turmoil, as traders close out a dizzying month in which cascading worries about US and European lenders dominated sentiment and complicated central banks' fight against inflation ... Top US regulators said Friday that while some banks are under stress, the overall financial system is sound.
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Banks underwriting bonds should buy back bonds: central bank

Vietnam News 27 Mar 2023
Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said.  ... Under current regulations, banks must have an internal credit rating system and can only buy bonds if their bad debts ratio is below 3 per cent.
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How to get metaverse payments right in 2023 and beyond

Venture Beat 27 Mar 2023
Embedded finance, open banking and banking-as-a-service could all potentially benefit from the metaverse ... Businesses need to remember that consumers are accustomed to stable banking environments backed by stable financial institutions that guarantee smooth transactions.
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RRR cut more reasonable than expected

China Daily 27 Mar 2023
Externally, there are potential risks triggered by central banks' tightening moves in major economies ... On March 8, Canada's central bank was the first to announce a pause in interest rate hikes ... At present, China's banking system is working to support economic momentum and expand credit services.
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Buoyant UK may still face recession, says KPMG

This is Money 27 Mar 2023
'Despite slightly stronger near-term momentum and the boost from the recent Budget announcements, ongoing tensions in the banking system and the lingering risk ...

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A woman dressed in Turkmen national dress casts her ballot at a polling station during presidential elections in Ashgabat, Turkmenistan, Saturday, March 12, 2022.
AP / Alexander Vershinin
FILE - Russian President Vladimir Putin, right, and Belarusian President Alexander Lukashenko talk during their meeting at the Novo-Ogaryovo state residence, outside Moscow, Russia, Friday, Feb. 17, 2023. (Vladimir Astapkovich, Sputnik, Kremlin Pool Photo via AP, File)
AP / Vladimir Astapkovich, Sputnik, Kremlin Pool
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