Search Results for: Federal Reserve Bank
Pound dives as Bank of England rules out rate rise amid weak UK growth
January 20th, 2016
Currency traders react to Mark Carney’s downbeat assessment by selling pound to $1.42, its weakest since March 2009 The Bank of England governor has sent the pound into a nosedive after he ruled out an early rise in interest rates, saying ...
World Bank:Anemic recovery in emerging markets to weigh heavily on global growth in 2016
January 7th, 2016
Weak growth among major emerging markets will weigh on global growth in 2016, but economic activity should still pick up modestly to a 2.9 percent pace, from 2.4 percent growth in 2015, as advanced economies gain speed, according to ...
China cracks whip on foreign banks with forex shut-out
January 4th, 2016
* Beijing targets “aggressive” trading to stem capital flows * Also wants to narrow onshore-offshore yuan gap * China-based banker says “easy-money” arbitrage days now gone Chinese authorities are starting to police the nation’s foreign exchange market in a ...
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe
December 30th, 2015
If you have a bank account anywhere in Europe, you need to read this article. On January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus ...
Gold battered by dollar strength after Federal Reserve’s interest-rate hike
December 17th, 2015
Commerzbank analysts say precious metal could see recovery in 2016 Losses for gold futures were building on Thursday, as the metal succumbed to some dollar strength in the wake of the first interest-rate increase by the U.S. Federal Reserve ...
China Forex Reserves Fall to Lowest Level in More Than Two Years
December 8th, 2015
Numbers suggest Beijing is struggling to control capital outflows as a U.S. rate increase looms China’s foreign-exchange hoard fell in November to its lowest level in more than two years, reigniting concerns about Beijing’s ability to stem the outflow ...
Deutsche Bank’s Swiss Unit to Pay $31 Million in Tax Case
November 27th, 2015
U.S. has reached non-prosecution deals with 57 Swiss banks Firms have paid a total of $570.4 million in tax accords Deutsche Bank AG’s Swiss unit agreed to pay $31 million to receive a non-prosecution agreement in a U.S. probe ...
US fines Deutsche Bank $258m for working with Iran
November 5th, 2015
German company Deutsche Bank has been fined $285m (£185m) by US regulators for working with US-sanctioned countries Syria and Iran. The bank will pay penalties to the New York State Department of Financial Services and the Federal Reserve. Employees ...
Deutsche Bank Error Sent $6 Billion to Fund in June, FT Reports
October 20th, 2015
Deutsche Bank AG’s foreign-exchange unit mistakenly sent $6 billion to a U.S. hedge fund client in a so-called fat-finger error in June, recovering the money a day later, the Financial Times reported, citing unidentified people familiar with the matter. A ...
Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?
October 9th, 2015
The warnings are getting louder. Is anybody listening? For months, I have been documenting on my website how the global financial system is absolutely primed for a crisis, and now some of the most important financial institutions in the ...
