Banking Industry News
A collection of Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/E4G5APLO3RK67JWQNK5EPBEA7E.jpg)
US minority-owned banks withstand industry turmoil, executives say
NEW YORK, June 9 (Reuters) - Minority-owned banks in the U.S. have stayed resilient during this year's industry turmoil thanks in part to government and industry support, despite concerns that they would struggle to survive, executives said.
Starling Bank: fintech flies too close to heat of reality
Private companies are learning about the pitfalls of illiquidity Receive free Starling Bank Ltd updates We'll send you a myFT Daily Digest email rounding up the latest Starling Bank Ltd news every morning. Disposition effect encourages investors to…
Israel's Annexation of the West Bank Has Already Begun
Israel's coalition government, the most right-wing in the country's history, has come under fire for proposing reforms that would weaken the judiciary and dismantle checks and balances. They provoked some of the biggest protests ever seen in Israel…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/PYHTYY5WMNOOBE7SIVZ7TG4APM.jpg)
Who is Hafize Gaye Erkan, Turkey's first female central bank chief?
LONDON, June 9 (Reuters) - Turkey's new central bank governor Hafize Gaye Erkan faces the tough task of alleviating a bruising cost-of-living crisis while hoping to restore investor confidence at home and abroad after years of unorthodox…
What an amusement park can teach us about central banks
Nobel laureate Robert Lucas used stories to explain how policymakers might engineer a recession — or cause shortages and inflation Receive free Life & Arts updates We'll send you a myFT Daily Digest email rounding up the latest Life & Arts…
Banks increase lending for third straight week
The numbers: Total bank lending rose by $4.6 billion to $12.1 trillion in the week ending May 31, the Federal Reserve said Friday. This is the third straight week of gains. Total bank deposits rose $46 billion last week to $17.3 trillion. Deposits…
A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown
Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US. In the US, crypto firms are turning to a handful of…
Recep Tayyip Erdoğan taps former Goldman Sachs banker to head Turkey's central bank
Hafize Gaye Erkan, the first woman to lead the institution, could raise interest rates to combat inflation Receive free Turkish politics updates We'll send you a myFT Daily Digest email rounding up the latest Turkish politics news every morning.
HSBC Among UK Banks Pulling Mortgage Deals From the Market Again
UK lenders, led by HSBC Holdings Plc, are removing mortgage deals from the market again as they prepare to reprice home loans to account for inflation. Giving only hours' notice, HSBC told brokers on Thursday that it would remove all its current…
What All the Single Ladies (and Men) Say About the Economy
Aftershocks from the coronavirus pandemic continue to rumble across the U.S. economy, and Signet Jewelers shared a surprising one this week: The company is selling fewer engagement rings this year because, it says, singles who were stuck at home…
Former US bank executive appointed as Turkey central bank chief
Re-elected Turkish President Recep Tayyip Erdogan has appointed a former US-based bank executive to head Turkey's central bank, in another sign that his administration is likely to pursue more conventional economic policies. Erdogan named Hafize…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/MWLXLEOLKVONNB2C7G6MBOOBYA.jpg)
India's cenbank may not cut rate before Feb unless inflation skids, global crisis hits - Axis Bank treasurer
MUMBAI, June 9 (Reuters) - India's central bank may not cut the key lending rate before February unless inflation falls sharply or a global crisis unfolds, a top treasury official of Axis Bank said. On Thursday, the Reserve Bank of India left the…
Bank of America turns bullish on stocks and recommends these strategies
After being one of the most prominent bears on Wall Street, Bank of America has changed its tune on stocks and sees pockets of select opportunities ahead. The firm's equity team has not changed its year-end S & P 500 target — it still sees…
BBC News | The Company File | Bank drops evangelist
Saturday, June 5, 1999 Published at 12:37 GMT 13:37 UK Bank of Scotland: Forced to abandon venture The Bank of Scotland has scrapped a controversial deal with outspoken television evangelist Pat Robertson. The telephone banking venture had been…
Citi to Cut 50 London Jobs in Investment and Corporate Banking
Citigroup Inc. is planning to cut 30 investment banking jobs and 20 more in its corporate banking unit in London in its latest wave of redundancies. The cuts are necessary for the bank to reduce its cost base because of adverse market conditions…
Receive a Daily briefing on Banking Industry News
Get Started