Finance Banks

  • MUMBAI, Dec 12- New Reserve Bank of India Governor Shaktikanta Das said on Wednesday he would adopt a consultative approach and move quickly to meet the heads of state-run banks to tackle issues facing the banking sector. "I propose to undertake consultations with stakeholders wherever necessary," Das said at his first news conference. "He is trying to give...

  • WASHINGTON, Dec 12- JPMorgan Chase& Co has made a splash this year in Washington, D.C. opening branches for the first time in the nation's capital. Washington is a prime battle ground, and JPMorgan considers the region the third biggest in the country by population and gross domestic product. Washington offers banks the chance to build brands and make life-long...

  • An Indian policeman stands guard at the entrance of the Reserve Bank of India (RBI) head office in Mumbai on October 4, 2017.

    Ex-finance ministry official Shaktikanta Das took charge of the Reserve Bank of India on Tuesday.

  • LAGOS, Dec 12- A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22. The dispute is over the transfer of $8.1 billion of funds which Nigeria's central bank said the company had sent abroad in breach of foreign-exchange regulations. Nigeria is MTN's biggest...

  • LAGOS, Dec 12- A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22. The dispute is over the transfer of $8.1 billion of funds which Nigeria's central bank said the company had sent abroad in breach of foreign-exchange regulations. Nigeria is MTN's biggest...

  • WASHINGTON, Dec 11- President Donald Trump said on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank. Trump said he needed the flexibility of lower interest rates to support the broader U.S. economy as he fights a growing trade battle against...

  • EXCLUSIVE-TRUMP SAYS IT WOULD BE FOOLISH FOR FEDERAL RESERVE TO RAISE RATES NEXT WEEK.

  • Haydee Cruz owes more than $200,000 in student loans

    More parents are borrowing loans for their children's education, and then struggling to repay the debt.  

  • Outlook for Australian banks in 2019 is not encouraging:

    The macroeconomic environment, which big Australian banks rely heavily on, is looking softer in 2019, says David Ellis of Morningstar Australasia.

  • Payment start-ups are 'partners,' not really competitors: Maybank

    Michael Foong of Maybank says financial technology start-ups can be "really good" at performing one part of the value chain, but banks aare able to deliver end-to-end financial services to customers.

  • Economist weighs in on India's state elections

    Radhika Rao of DBS says India's state elections are a "short-term distraction" for the markets and investors.

  • MUMBAI, Dec 10- The Governor of India's central bank, Urjit Patel, resigned abruptly on Monday after a months-long tussle over policy with the government that has raised concerns about the bank's independence as a national election nears. Government officials have been pressuring the Reserve Bank of India to allow some bad-debt-laden public sector banks to...

  • NEW YORK, Dec 10- One measure of U.S. inflation expectations dipped a bit in November while another held steady for an eighth straight month, according to a Federal Reserve Bank of New York survey published on Monday. The survey of consumer expectations, one of the Fed's key price gauges as it weighs how much longer to raise rates, showed median three-year ahead...

  • CAIRO, Dec 10- Egypt sold $1.1 billion in one-year dollar-denominated treasury bills in an auction on Monday, the central bank said. The bills will mature on Dec. 10, 2019. The bank sold $1.7 billion worth of dollar-denominated treasury bills at a similar auction in November, with an average yield of 3.697 percent.

  • NEW DELHI, Dec 10- A protracted tiff between the Indian government and the Reserve Bank of India climaxed on Monday when central bank governor Urjit Patel resigned, days before a board meeting where he would have faced intense pressure. Patel's surprise resignation, which he said was effective immediately, is likely to give the board more leeway to push through...

  • *Patel's resignation expected to roil India markets- analysts. MUMBAI, Dec 10- The Governor of the Reserve Bank of India, Urjit Patel, resigned suddenly on Monday, following months of pressure from Prime Minister Narendra Modi's government that is threatening the independence of the central bank, sending the rupee tumbling. Modi's ruling Hindu nationalist...

  • DUBAI, Dec 10- The United Arab Emirates' central bank said on Monday it has told lenders to carry out credit checks with the credit bureau on customers before issuing them with check books. Under UAE law, criminal penalties, including detention or fines, can be imposed on individuals who send bounced checks. The central bank told lenders they should advise...

  • DOHA, Dec 9- Qatar's Commercial Bank could raise up to $1 billion in debt next year by tapping a range of various debt instruments, as the country's third-largest lender by assets aims to further diversify its funding sources, the bank's chief executive said. Commercial Bank has around $750 million in debt maturing next year, including bonds and loans, and plans to...

  • WASHINGTON/ INDIANAPOLIS, Dec 7- The U.S. central bank is flagging a turning point in monetary policy, as a Federal Reserve policymaker on Friday backed interest rate hikes in the "near term" but nodded to increasingly less certainty ahead. Speaking at an event in Washington, Federal Reserve governor Lael Brainard said the economic picture was broadly positive...

  • WASHINGTON/ INDIANAPOLIS, Dec 7- The U.S. central bank is flagging a turning point in monetary policy, as a Federal Reserve policymaker on Friday backed interest rate hikes in the "near term" but nodded to increasingly less certainty ahead. Speaking at an event in Washington, Federal Reserve governor Lael Brainard said the economic picture was broadly positive...

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