Category : Banking crisis
Net central bank purchases totalled 116.5t in Q1, 42% higher y-o-y and the highest Q1 total since 2014.
Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to bogus accounts and promptly withdrew the money, two sources close to the government’s investigation said.
The big six central banks now own 40% of global GDP, which is more than double the 17% they held before the financial crisis.
China's central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks.
New instrument would require joint euro-area public guarantee.
The German government is seeking to repatriate its physical gold to protect its economy from the threat of a new global economic crisis.
HSBC has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate.
The latest trend among European countries of bringing home their gold reserves has been raising concerns in Brussels.
Most Asian central banks will stand pat for now, even with the Federal Reserve poised to raise borrowing costs this week.
Markets are becoming their own worst enemies, according to Goldman Sachs Group Inc.