The Reserve Bank of Australia has signed a new bilateral local currency swap agreement with the People’s Bank of China (PBC). The agreement, which can be activated by either ... Read More
1. At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by an 8-1 majority vote, to set the following guideline for money ... Read More
Britain’s big banks must slash their bloated cost bases if they are ever to return to sustainable profitability, analysts at KPMG warned today. The largest lenders are all struggling ... Read More
At its meeting today, the Board decided to leave the cash rate unchanged at 2.25 per cent. Moderate growth in the global economy is expected in 2015, with the ... Read More
Cyprus is lifting the last remaining capital controls it imposed on its banking system during the financial crisis of 2013. Cyprus was the only crisis-hit eurozone country to restrict ... Read More
On 3 April 2015, the Bank of Russia took a decision to refuse to issue licences of a professional participant of the securities market to carry out broker, dealer and depositary activities and securities management to Brokerskiy Dom Faktoriya, limited liability ... Read More
Establishing a wealth management bank through joint investment by Japanese and Hong Kong companies including Shinsei Bank, Monex Group, AD Capital, Convoy and Tokyu Livable, and to commence operations ... Read More
The U.S. Department of Justice is pressing for Citigroup Inc.’s main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two ... Read More
Swiss central bank’s surprise January move led to volatility that can help Wall Street The big currency swings of the past three months have whipsawed many investors. Wall Street ... Read More
Greek banks received a cash lifeline of just 700 million euros from the European Central Bank on Wednesday as this is the estimated amount of liquidity needed by the ... Read More
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