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 26, 2018 - 8:04:32 AM

China's new central bank chief pledges steady opening of financial sector

The opening up of the Chinese financial sector needs to be supervised, says China's Yi.

March 22, 2018 - 7:33:54 AM

China Default Risks Flare on Scrutiny of Public Works Accounting

NDRC move to scrutinize bond issuance more seen crimping sales.

March 21, 2018 - 6:41:18 AM

Europe is only halfway to healthier banks

the European Commission and the European Central Bank announced new rules on how banks should treat dud loans.

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