Latest News for: Banking stability

Edit

Nigeria's Access Bank buys Atlas Mara's BancABC stake

China.dot.org 20 Apr 2021
GABORONE, April 20 (Xinhua) -- Nigerian multinational commercial bank Access Bank has agreed to buy a majority stake of ... Bannalotlhe also assured clients safety of accounts, the stability of banking operations, and that customer service will remain top priorities.
Edit

1st LD-Writethru: China's loan prime rates remain unchanged

China.dot.org 20 Apr 2021
China's central bank has reiterated that it will prioritize stability in its monetary policy and avoid making sudden shifts in 2021. Based on bank quotes calculated by adding a ... The quoting banks submit their figures before 9 a.m.
Edit

China's loan prime rates remain unchanged

China Daily 20 Apr 2021
China's central bank has reiterated that it will prioritize stability in its monetary policy and avoid making sudden shifts in 2021 ... The quoting banks submit their figures before 9 am on the 20th day of every month.
Edit

UAE extends key parts of $13.6bn economic support plan until mid-2022

Arab News 20 Apr 2021
The UAE Central Bank has extended key parts of ... “This comes as part of support for the recovery phase, in line with the Emirates Central Bank’s mandate to ensure Financial and monetary stability in the Emirates,” he explained.
Edit

RBI activity in forex market balanced, not accumulating reserves, says secy

The Times of India 20 Apr 2021
The central bank's dollar purchase at 5 per cent of the GDP exceeding the 2 per cent threshold was cited as the reason ... "These are, in my view, very legitimate market based operations of a central bank. It is a mandate of the central bank to provide stability in the currency, as a result of which the central bank buys and sells foreign currency .
Edit

Indonesia’s central bank keeps interest rates steady

Metro USA 20 Apr 2021
JAKARTA (Reuters) – Indonesia’s central bank kept its ... The move was forecast by all 27 analysts in a Reuters poll as the central bank has flagged the need to maintain rupiah stability.
Edit

'Britcoin' not bitcoin? UK considers new digital currency

Gulf Daily News 20 Apr 2021
British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new "Britcoin", or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin ... This could speed up domestic and foreign payments and reduce financial stability risks.
Edit

The UK set to explore Britcoin, a Bank of England-backed CBDC

Invezz 20 Apr 2021
Co-chaired by Jon Cunliffe, Deputy Governor of the Bank of England for Financial Stability, and Katharine Braddick, HM Treasury’s Director General of Financial Services, the task force will also monitor international CBDC developments to ensure the UK does not lag in global innovation.
Edit

Biden under pressure from progressives to end ‘rubber stamp’ on bank deals

Politico 20 Apr 2021
Financial Services Biden under pressure from progressives to end ‘rubber stamp’ on bank deals ... examine how a deal affects the financial stability of the banking system, whether it meets community needs and how well the banks abide by federal lending laws to offer credit to low and moderate-income families ... financial stability.
Edit

RBI activity in forex market balanced, not accumulating reserves, says secretary

The Times of India 20 Apr 2021
The central bank's dollar purchase at 5 per cent of the GDP exceeding the 2 per cent threshold was cited as the reason ... It is a mandate of the central bank to provide stability in the currency, as a result of which the central bank buys and sells foreign currency .
Edit

UK authorities consider 'Britcoin' digital currency

The National 20 Apr 2021
British Chancellor Rishi Sunak told the Bank of England on Monday to look at the case for a new "Britcoin", or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as Bitcoin ... This could speed up domestic and foreign payments and reduce financial stability risks.
Edit

BDCs and the challenge of formalisation of operations

Business Day Online 20 Apr 2021
The Annual General Meeting (AGM) held on Zoom recently in Lagos was opportunity for Gwadabe to restate the prime role played by Central Bank of Nigeria (CBN)-licensed BDCs in promoting exchange rate stability, forex liquidity and forex sale to retail end of the market.
Edit

Treasury yields will likely climb to a 2-year high in 2021 despite recent stabilization, Bank ...

Business Insider 19 Apr 2021
The stunning rally in Treasury yields this year has stabilized for now but look for rates to resume their rise, says Bank of America, which foresees the 10-year Treasury marching up to a nearly two-year high of 2.5% ... fixed income & FX strategy at Bank of America, in the note.
Edit

PBoC May Soften Its Stance on Crypto Assets as It Calls Bitcoin an Investment Alternative

Crypto Economy 19 Apr 2021
On Sunday’s panel discussion, the deputy governor of the Chinese central bank noted that until the PBoC figures out what kind of regulatory requirements it needs to prevent the speculative nature of such assets from creating any serious financial stability risk, it will keep its current stance on the asset class.
×