Halting Interest on BOE Reserves Could Save UK £1 Billion
The UK government would save about £1 billion ($1.3 billion) a…
Banking
Nigeria Grants Exemption to Small Lenders from Cash Withdrawal Limits and Penalties
Nigeria’s central bank exempted mortgage banks and certain microfinance lenders from…
UBS Predicts Departure of Credit Suisse Wealth Veterans in Hong Kong
UBS Group AG has seen a round of exits within its wealth…
Swiss National Bank Records $15 Billion Loss in Second Quarter
The Swiss National Bank (SNBN.S) said on Monday it lost 13.…
Fed Survey Shows US Banks Reporting Tighter Credit, Weaker Loan Demand
U.S. banks reported tighter credit standards and weaker loan demand from…
RBA Holds Rates Steady as Inflation Eases, Leaves Room for Future Hikes
The Reserve Bank of Australia held interest rates steady on Tuesday as…
Bank of Japan Increases Bond Purchases as 10-Year JGB Yields Reach 9-Year High
Japan’s benchmark 10-year government bond yield surged to a nine-year high…
Richest Asian Banker Kotak Under Pressure to Choose Outsider Successor, Say Sources
India’s banking regulator is nudging Kotak Mahindra Bank Ltd. to select…
Barclays and Deutsche Bank Struggle to Deliver Results
NatWest Group Plc got all the bad publicity last week after a…
Oldest Philippine Bank Aims for 50 Million Users in E-Wallet Competition
Bank of the Philippine Islands, Southeast Asia’s oldest lender, is targeting…
Major Gold Seller Among Central Banks Poised to Offload More
In a turnaround that’s already taken it from one of the…
Weak Second Quarter Makes SNB Payout to Switzerland Less Likely
A Swiss National Bank payout to the Swiss government and cantons for…