Category : Banking crisis
2018, that is about 291 percent of GDP. European banks are in trouble for several reasons.
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.
A Hong Kong government report says money laundering puts the city at "medium high" risk, with the banking sector risk labeled "high."
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.