World Bank chief sees $100 bln-plus lending boost from country contributions
Ajay Banga, World Bank president, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth...
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JPMorgan’s UK bank Chase to ban crypto transactions
JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsLONDON, Sept 26 (Reuters) - JPMorgan's (JPM.N) British retail bank Chase will ban crypto transactions made by customers from Oct. 16 due to an increase in fraud and scams, the company said on Tuesday."We've seen an increase in the number of crypto scams targeting UK consumers, so we have taken the decision to prevent the purchase of crypto assets on a Chase debit card or by transferring money to a crypto site...
Banks in EU largely comply with ‘Basel Endgame’, says watchdog
LONDON, Sept 26 (Reuters) - Banks in the European Union already largely meet stricter global capital requirements ahead of a...
Morning Bid: Will Wall St bounce trump latest yield surge?
An aerial view shows the 39 buildings developed by China Evergrande Group that authorities have issued demolition order, on the man-made Ocean Flower Island in Danzhou, Hainan province, China January 7, 2022. REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 26 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.Asian markets on Tuesday might take heart from Wall Street's impressive late show on Monday, but with the dollar and U.S. Treasury yields continuing their relentless march higher, the bigger picture looks much more ominous.Add...
Britain, EU to hold first meeting of financial services forum next month
LONDON, Sept 25 (Reuters) - The newly-agreed forum for regulatory cooperation between Britain and the European Union will hold its...
India rupee rally on JPMorgan index inclusion dampened by importers
A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. REUTERS/Francis...
Citi warns UK staff of cuts as hundreds of roles could be affected – memo
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19,...
Swiss govt appoints new SNB board member
The Swiss National Bank (SNB) building is seen near the Limmat river in Zurich, Switzerland March 23, 2023. REUTERS/Denis Balibouse/File...
Funding Ukraine weapons would put EU lending arm on ‘wrong track’, outgoing chief warns
Werner Hoyer, President of the European Investment Bank, attends the Ukraine Recovery Conference in London, Britain June 21, 2023. REUTERS/Hannah McKay/Pool/File Photo Acquire Licensing RightsNEW YORK, Sept 21 (Reuters) - The head of the European Investment Bank (EIB) has warned his soon-to-be-announced successor that bowing to pressure from some EU capitals to fund weapons for Ukraine would put the bank on the "wrong track". Werner Hoyer will step down from the EU's powerful lending arm at the end of December after 12 years turning the EIB into one of the...
Hungary central bank chief, finance minister spar over inflation-hit economy
Hungarian Central Bank Governor Gyorgy Matolcsy speaks during a business conference in Budapest, Hungary, June 9, 2021. REUTERS/Bernadett Szabo/File Photo Acquire Licensing RightsEGER, Hungary, Sept 21 (Reuters) - Hungary's central bank signalled caution on further rate cuts on Thursday while the government flagged a higher deficit and a new tax on banks to offset a drop in tax revenue as the highest inflation in the European Union hobbles the economy.The suggestion of a new tax on Hungary's banks, about half of which are foreign-owned, sent shares in central Europe's largest...