Search Results for: Federal Reserve Bank
Europe Markets: Bank Rally Helps Lift European Stocks To Highest Finish In 3 Weeks
November 30th, 2017
European stocks closed at a nearly three-week high on Wednesday, boosted by a rally in the region’s bank shares a day after U.S. Federal Reserve Chairman-nominee Jerome Powell said he hopes to ease financial regulations. The U.K. stock market, ...
US bank CEOs are likely ‘very afraid’ of bitcoin, says wealth advisor
September 21st, 2017
CEOs of U.S. banks are likely “very afraid” of bitcoin, according to a wealth advisor. Some financiers have said the cryptocurrency is an unwise investment because of its volatility or supposedly weak store of value, but bank chiefs have ...
Federal Reserve outlines next steps for payment system improvement
September 7th, 2017
The Federal Reserve published, Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey, a paper identifying updated tactics it will pursue to help improve the speed, safety and efficiency of the U.S. ...
Yen heads for worst weekly loss while the euro was slightly lower; Central Banks Meet
August 25th, 2017
Yellen, Draghi to take center stage at Jackson Hole gathering Yen heads for worst weekly loss in two months; oil below $48 Asian stocks were mixed, with gauges in Japan rising, and Australian bonds fell as investors await comments ...
Markets are focusing for a key meeting of global central bankers; Economic data this week
August 21st, 2017
With economic data thin this week, markets are focusing on any significant policy statements coming out of Jackson Hole, Wyoming. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are among central bankers attending the annual ...
Deutsche Bank AG fined $156.6 million
April 21st, 2017
The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG that will require the bank to pay a combined $156.6 million in civil money penalties. The bank will pay a $136.9 million fine for unsafe and ...
Spanish Banking Giant BBVA Now a Member of Hyperledger Blockchain Project & Linux Foundation
March 30th, 2017
Spanish multinational banking group BBVA becomes the latest financial institution to join the Hyperledger Project, a cross-industry blockchain collaborative with open-source principles led by the Linux Foundation. Announced by the banking giant this week, BBVA also notably becomes a ...
Global Stock, Bond Rally Spurred by Central Banks: Markets Wrap
March 16th, 2017
Gold and oil advance while dollar maintains losses on Fed move Yen steady as BOJ stays the course; euro jumps on Dutch vote Central banks ruled over financial markets, as the Federal Reserve’s move to raise interest rates without ...
Bundesbank posts distributable profit of €0.4 billion in 2016
February 24th, 2017
The Bundesbank posted a profit of €1.0 billion for the 2016 financial year, compared with €3.2 billion in 2015. Owing to an allocation to the reserves, the remaining distributable profit amounted to €0.4 billion and was transferred in full ...
Alert: New wave of cyberattacks against global banks
February 13th, 2017
New wave of cyberattacks against global banks linked to Lazarus cybercrime group Dozens of banks, particularly in the United States and Poland, have been targeted by newly identified malware. An aggressive campaign of malware attacks against dozens of banks ...
