China Taps Pan Gongsheng as New Central Bank Governor to Boost Economic Recovery
China named Pan Gongsheng as governor of the central bank, strengthening his…
Banking
Bank Indonesia Holds Policy Rate Steady, Lowers RRR for Select Banks
Bank Indonesia kept its key rate at a four-year high to shield…
Swiss Bank Julius Baer to Cease Operations with Russian Clients - Letter Confirms
Swiss private bank Julius Baer (BAER.S) will end all business with…
Banc of California and PacWest Announce Merger, to Raise $400 Million in Equity
Banc of California (BANC.N) and PacWest Bancorp (PACW.O) will merge…
CEO of Natwest Steps Down After Acknowledging 'Serious Error' in Farage Leak
NatWest (NWG.L) CEO Alison Rose on Wednesday stepped down with immediate…
China State Banks Expected to Sell US Dollars to Support Yuan - Sources
China’s major state-owned banks were seen selling U.S. dollars to…
Bank of England Rates Expected to Reach 5.75% According to Reuters Poll
The Bank of England will raise its Bank Rate by a quarter-point…
UK Government Confronts £150bn Bill to Cover Bank of England's QE Losses
The Bank of England has estimated it will require the Treasury to…
Ghanaian Central Bank Urges Stricter Fiscal Measures amid Latest Interest Rate Hike
Ghana’s central bank called on Monday for tighter fiscal policy to…
Regional Banks Prioritize Capital Preservation, Reduce Lending Activities
Regional banks across the United States are reportedly deciding to cut back…
Standard Chartered's Global Reach: Bridging Continents and Linking Markets
In a world that grows increasingly interconnected, the UAE has emerged as…
Credit Suisse Faces $388 Million Fine in Response to Archegos Collapse
Credit Suisse has been fined $388mn by US and British regulators for…