Bank of England Faces Increasing Demands to Expedite Review of Forecast ‘Bungles’

It's good news for the Stripe employees who, the WSJ reports, are being allowed to sell their stock to investors keen to get in on the pre-IPO action. This is very good news for Stripe employees! You can find out a lot more detail in the WSJ's...

In an era where artificial intelligence (AI) is reshaping the landscape of work, preparing your teams for an AI-first workplace has become an imperative for businesses aiming to stay competitive. As AI continues to advance, it is not only automating routine tasks but also augmenting human capabilities,...

In the fast-paced world of banking, effective internal communications are paramount to success. They not only facilitate the smooth operation of daily activities but also foster a collaborative environment that can drive innovation and improve customer service. Here are five strategies that can significantly enhance internal communications...

UniCredit is considering an acquisition of Vodeno, aiming to enhance its banking services and technological capabilities. This strategic move could transform the banking sector, showcasing UniCredit's commitment to innovation and leadership in financial services. For more details, please visit BNN's post here: UniCredit Eyes Expansion Through Potential...

Raiffeisen Bank International AG says it may finally have a way to move some of its assets out of Russia. What it hasn’t explained is why the complex, €1.5 billion ($1.7 billion) string of transactions ends up with an executive who has a long history working for...

Nigeria said it will take possession of two banks that the government alleges were bought at a major discount by former Central Bank Governor Godwin Emefiele using proxies. “We have completed our investigation on this acquisition and we are on the verge of recovering these two banks for...

Banks borrowed a record amount from the Federal Reserve’s newest backstop facility in the most recent week as increasing wagers on interest-rate cuts made it a more attractive choice. Data from the Fed showed an all-time high $131 billion in borrowing from the Bank Term Funding Program, or...

Nigeria's central bank has lifted a ban on transacting in cryptocurrencies, while saying global trends had shown a need to regulate such activities, the bank said in its latest circular. The Central Bank of Nigeria (CBN) in Feb. 2021 barred banks and financial institutions from dealing in or...

Russia's central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank's governor Elvira Nabiullina told RBC media on Sunday. The central bank raised its key interest rate by 100 basis points to...

UK banking rules are in the midst of a shake-up after a turbulent year which saw former Ukip leader Nigel Farage spark a crisis at one of Britain’s largest banks. The so-called debanking row led to a clampdown on unfair closures of customer accounts. The issue came to the...

U.S. prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3%, and boosting financial market expectations of an interest rate cut from the Federal Reserve next March. The report from the Commerce Department on Friday also showed...

The news that economic policy minister Yoshitaka Shindo would be in attendance at the Bank of Japan’s policy meeting had sparked market speculation about a shift in policy sooner than expected. It is rare for a minister to sit in a BoJ meeting and, in the past,...