banks

The report says that at least two of China's biggest state-owned banks have stepped up reviews of smaller lenders in recent months, in order to flag out those with poor asset quality and a high risk of default. The sources also note that…

The Central Bank of Nigeria (CBN) has lifted a ban preventing banks from operating accounts for cryptocurrency service providers in the country. According to a December 22 circular sent to banks, the affected financial…

In the fiercely competitive landscape of retail banking, the fight for deposits has intensified, compelling banks to rethink strategies and embrace innovative approaches. Winning this battle requires a combination of strategic foresight,…

Deutsche Bank has announced a significant increase that doubles its total local capital to IDR 10 trillion (€600 million) for its operations in Indonesia. The infusion of additional funds is aimed at fueling the bank's growth within the…

Capital Markets Consumers start feeling loans pain as banks raise rates Tuesday December 19 2023 A customer is served at a local bank in Nairobi. FILE PHOTO | NMG Kenyan banks have started increasing the cost of their…

The Governor of the Bank of Korea, Rhee Chang-yong, emphasized the "urgency" for central banks to consider the introduction of central bank digital currencies (CBDC) in response to the challenges posed by stablecoins. Stablecoins like…

Europe’s top central bankers insisted on Thursday it was too soon to let down their guard against high inflation despite an extraordinary volte-face hours before by Jay Powell, chair of the US Federal Reserve. While the European Central…

The European Union is enhancing the European Central Bank’s role to oversee climate risks and digital assets in the banking sector. This move comes with the expanding scope of risks facing the banking sector, notably those associated with…

© Reuters. Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo SHANGHAI (Reuters) -China's major state-owned banks were selling U.S. dollars in the…

© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo SHANGHAI (Reuters) -China's major state-owned banks were busy buying the…