The Swiss bank has dubbed 2022 a “transition” year with a change of guard, restructuring aimed at curtailing risk-taking in investment banking, and bulking up of wealth management, while batting away speculation that it could be acquired or broken up. A new strategic review announced on Wednesday, the bank’s second […]
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FOREX-Yen tumbles against euro as central bank policy diverges
The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year. The ECB is set […]
Signature Bank Launches New National Business Line With Appointment of Healthcare Banking and Finance Team
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NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today the launch of a new business line with the appointment of a nine-person Healthcare Banking and Finance (HBF) team. The new private client banking team will provide lending services while garnering deposits to clients within the […]
Forex reserves dip to 7-month low as central bank sells greenbacks
Taipei, May 5 (CNA) Taiwan’s foreign exchange reserves at the end of April fell to the lowest in seven months as the central bank continued to cut its holdings of U.S. dollars in a bid to prevent further weakness of the local currency, the central bank said Thursday. Data compiled […]
Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan
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NEW YORK, April 28 (Reuters) – The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled down on its dovish policy, sending the yen to its weakest level since 2002, while the euro hit a five-year low on growth concerns for the region. The […]
India’s HDFC Bank plans megamerger with housing finance parent
India’s largest private sector bank and its biggest mortgage provider are set to merge in a $40bn deal, creating a financing titan that is positioned to capitalise on the country’s economic recovery and rising demand for credit. The all-share amalgamation announced on Monday would combine HDFC Bank, India’s third-biggest listed […]
Ecobank gets punished by Central Bank of Kenya for breaching forex regulation
Business Insider Africa gathered that Kenya’s apex bank took the decisive action after discovering that the lender had flouted forex regulations. The suspension will start from today and end on April 4th, 2022. According to The East African, Kenyan banks are required to adhere to a rule which requires them […]
Russian central bank hikes rate to 20% in emergency move, tells firms to sell FX
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Russian Rouble coins are seen in front of displayed descending stock graph in this illustration taken, February 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Central bank raises key rate to 20% from 9.5% Moved aimed at addressing rouble, inflation Russia tells companies to sell […]