Latest News for: Banking stability

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President Sisi follows upon state's banking sector activity

Egypt Today 11 May 2021
The President’s directives came during a meeting to discuss the State’s banking sector activity with Governor of the Central Bank of Egypt (CBE) Tarek Amer, Deputy Governor of the Central Bank of Egypt for Banking Stability Gamal Negm, Deputy Governor for Monetary ...
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US sanctions seven Lebanese citizens for Hezbollah financial ties

The National 11 May 2021
The Treasury Department announced it is sanctioning Ibrahim Ali Daher, the leader of Hezbollah’s Central Finance Unit, and six others for using accounts at Lebanese banks sanctioned by the US to transfer approximately $500 million on behalf of the group's financial firm, Al Qard Al Hassan.
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BoG commits US$363m to FX forwards in January to April

Ghana Web 11 May 2021
The Bank of Ghana has in the first ... The activities of the central bank on the forex market continue to drive the stability of the cedi this year despite the coronavirus pandemic ... Governor of the Bank of Ghana Dr.
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The ECB''s deflation obsession

MENA FN 11 May 2021
(MENAFN - Jordan Times)BRUSSELS � Central banks aim for price stability, and today, prices are largely stable across much of the developed world ... It defines�''price stability'' not as stable, that is, unchanging, prices, but as year-on-year eurozone inflation of ''below, but close ...
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United KingdomBritain's financial watchdog formally investigates Greensill

Reuters 11 May 2021
Among the investors burnt in the widespread fallout included clients of Swiss banking giant Credit Suisse, ... "We agree with the Bank of England’s assessment that the Greensill entities were not systemically important for the purposes of UK financial stability," Rathi said.
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Padmakumar M Nair to be CEO of National Asset Reconstruction Company

Live Mint 11 May 2021
Bad bank refers to a financial institution that takes over bad assets of lenders and undertakes resolution ... As per the Financial Stability Report released by the RBI, the NPAs of the banking sector were projected to surge to 13.5 per cent of advances by September 2021, from 7.5 per cent in September 2020, under the baseline scenario.
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Inflationary expectations ought to be anchored better

Live Mint 11 May 2021
Long-term inflation expectations constitute an important variable monitored by central banks the world over in their design of monetary policy in pursuit of price stability ... These expectations are considered well-anchored when they converge quickly and consistently with the central bank’s target.
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Small business study shows pre-pandemic levels of confidence in NC business growth

The Lexington Dispatch 11 May 2021
A First Citizens Bank study showed that North Carolina small businesses are feeling more confident about their growth, with confidence rates rebounding back to pre-pandemic levels ... First Citizens Bank said this confidence indicates a return to pre-pandemic levels ... Citizens Bank.
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A rare scene in Niger during pandemic

New Business Ethiopia 11 May 2021
Just like Garba Soumana, thousands of Nigerien producers have the comfort of knowing that they will have the seeds they need for the next planting season, in June and July, thanks to support from the African Development Bank to help Niger with its country-wide response to the Covid-19 pandemic.
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SCAM: Ghana spends over US$2.1 billion coronavirus cash on shady deals - Report

Ghana Web 11 May 2021
Government of Ghana have accessed and utilized GH¢12,440,710,000 ($2,144,950,000) from sources such as the World Bank, IMF, Ghana Stabilization Fund, Contingency Fund of the Stabilization Fund, Ghana Heritage Fund, Ghana Exim Bank and the COVID-19 Trust Fund set up by the government.”.
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Centric (CNR/CNS) Announces Migration to Binance Smart Chain

Bitcoin 11 May 2021
Cryptocurrencies, unlike fiat currencies, do not have a central bank to implement monetary policy focused on stabilizing purchasing power ... The lack of price stability has prevented credit and debt markets from forming because volatility incurs a premium.
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Denmark: Staff Concluding Statement of the 2021 Article IV Mission

International Monetary Fund 11 May 2021
A comprehensive financial policy package—together with measures to support households and corporates helped mitigate financial stability risks ... If the recovery falters, Denmark should deploy its substantial fiscal space and allow its strong automatic stabilizers to operate fully with further discretionary loosening as needed.
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James River Board Meeting Thursday

Yankton Daily Press 11 May 2021
HURON — Chairman Dan Klimisch of Yankton announces that the James River Water Development District Board of Directors will be holding their regular meeting on Thursday, May 13, 2021, by way of video conference (Zoom) at 9 a.m ... • Funding request for a cost share program for bank stabilization along the James River ... ....
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What is behind the latest tension in Jerusalem, Palestine?

Anadolu Agency 11 May 2021
In the West Bank territory, ... He said the PA was insisting that it has a functional role as a guarantor for stabilizing the situation on the ground in the West Bank and to maintain a relationship with the occupation authorities within the framework of agreed communication channels.
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Whitewood Creek beginning to wow!

Black Hills Pioneer 11 May 2021
... clean-up, the banks of Whitewood Creek are slowly being stabilized and the waterway, itself, is starting to shine again ... With pipes sticking out of the hillside, a focus was placed on bank stabilization and erosion control, as well as planting, and direct plan and refuse removal.
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