Category : Banking crisis
Lagging inflation and indecisiveness could delay Bank of Japan’s exit from easing
The Bank of Japan’s preferred inflation gauge fell for the second straight month in April, dropping from 0.9 percent in the previous month to 0.7 percent, as consumer prices refuse to cooperate with the BOJ’s 2 percent inflation target, according to government data released Friday.
Hong Kong is taking the fight to money launderers
A Hong Kong government report says money laundering puts the city at "medium high" risk, with the banking sector risk labeled "high."
Central bank gold demand was up 42%
Net central bank purchases totalled 116.5t in Q1, 42% higher y-o-y and the highest Q1 total since 2014.
Thieves suck millions out of Mexican banks in transfer heist
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.
Why negative interest rates are inevitable
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 central bank announces surprise cut in bank reserve requirements
China's central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks.
ECB Weighs Emergency Cash Injections to Smooth Bank Rescues
New instrument would require joint euro-area public guarantee.
Germany wants its gold back
The German government is seeking to repatriate its physical gold to protect its economy from the threat of a new global economic crisis.
HSBC to pay $100 million to end Libor rigging lawsuit in the US
HSBC has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate.
Death knell tolls for the euro as more European nations repatriate gold
The latest trend among European countries of bringing home their gold reserves has been raising concerns in Brussels.