Category : Banking crisis

April 19, 2018 - 7:03:45 AM

ECB fears for withdrawal of €1.1TRILLION Deutsche Bank and impact on the global economy

THE EUROPEAN Central Bank has moved first to protect global financial markets from the potential chaos caused by Deutsche Bank winding down the trading of $1.1 trillion assets on its balance sheet.

April 18, 2018 - 6:15:18 AM

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.

April 10, 2018 - 3:58:38 AM

ECB Weighs Emergency Cash Injections to Smooth Bank Rescues

New instrument would require joint euro-area public guarantee.

April 3, 2018 - 8:30:09 AM

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.

April 2, 2018 - 6:46:28 AM

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.

March 27, 2018 - 6:38:41 AM

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.

March 26, 2018 - 8:09:37 AM

SWIFT shutdown: Russia ready with own alternative to international bank transfer system

Global oil giant Rosneft has prepared itself for shutdown of SWIFT interbank cash transfer services, should Russia be shut out of the system as part of Western sanctions.

March 21, 2018 - 6:38:43 AM

Asian Central Banks Unlikely to Follow Fed Rate Hike

Most Asian central banks will stand pat for now, even with the Federal Reserve poised to raise borrowing costs this week.

March 20, 2018 - 4:05:51 AM

Goldman Sees ‘Financial Fragility’ Rising in Markets

Markets are becoming their own worst enemies, according to Goldman Sachs Group Inc.

March 19, 2018 - 7:16:36 AM

JPMorgan has calculated when the next recession will hit

JPMorgan uses a proprietary economic model to forecast the probability of a recession.

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