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2 mins read
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The centra…
Huileng Tan
1 min read
Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions
Oversea–Chinese Banking Corp reportedly told customers it would no longer process Russian transacti…
Jennifer Sor
1 min read
China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…
Jennifer Sor
1 min read
India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources to…
Filip De Mott
1 min read
Switzerland's central bank says it will provide liquidity to Credit Suisse if deemed necessary for the embattled lender
Credit Suisse "meets the capital and liquidity requirements imposed on systemically important banks…
Carla Mozée
2 mins read
Bank of Maharashtra top among PSU lenders in loan, deposit growth in Q2
State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and…
PTI
1 min read
Central Bank of India logs Rs.717 crore net profit for Q3
Public sector mortgage lender, Central Bank of India closed the third quarter of FY24 with higher n…
3 mins read
Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance
RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross no…
PTI
1 min read
Private lenders led by HDFC Bank occupy lion’s share of TV news space
Mumbai (Maharashtra) [India], Indian private sector lenders have been more vocal in their comments …
ANI
2 mins read
A hot economy isn't a good reason for the Fed to 'drag its feet' on rate cuts, former central bank economist says
"The longer rates stay high, the more the Fed risks seriously damaging the economy," Claudia Sahm w…
Filip De Mott
1 min read
Central Bank Q1 2023-24 profit surges 78% to Rs 418 crore
Total income during the quarter under review increased to Rs 8,184 crore from Rs 6,357 crore in FY2…
PTI
2 mins read
US stocks rise as Silicon Valley Bank deal pushes regional lenders higher
First Citizens has bought more than 20 other firms since 2008, and it now owns 17 branches of Silic…
Phil Rosen
1 min read
India’s central bank imposes ₹1 crore penalty on the country’s biggest lender
The RBI said that “a scrutiny was carried out” in one of the customer accounts. The central bank…
1 min read
BlockFi files for bankruptcy as the crypto lender succumbs to the contagion of the FTX collapse
The implosion of Sam Bankman-Fried's once-$32 billion crypto empire has brought down yet another ai…
Morgan Chittum
2 mins read
RBI launches innovative program to revolutionize credit access for MSMEs
Mumbai (Maharashtra) [India], September 14 (ANI): The Reserve Bank of India (RBI) has embarked on a…
ANI
2 mins read
Mukesh Ambani and Gautam Adani account for $1 out of every $5 of foreign loans
While India Inc. borrowed $38 billion from foreign lenders, India’s richest men, Ambani and Adani a…
1 min read
India's central bank is urging lenders to cut ties with cryptocurrency exchanges and traders, report says
"No one wants to go against the regulator," a source told Reuters about India's central bank asking…
Carla Mozée
3 mins read
The unraveling of $3 billion crypto lender BlockFi amid FTX's 'death spiral', according to bankruptcy filings
"FTX's apparent 'rescue,' which began in the summer of 2022, stabilized BlockFi. But that was short…
Morgan Chittum
2 mins read
Loews CEO James Tisch uses a famous Warren Buffett quote to explain the banking fiasco - and warns more lenders may get into trouble.
Several banks have been exposed by surging interest rates, and there would have been catastrophic f…
Theron Mohamed
2 mins read
Upside risks for inflation sizable, central banks must stay resolute: IMF's Gita Gopinath
She said central banks must remain resolute in keeping policies tight and recognize that insufficie…