Canada bank investors fret over pace of lending recovery as deposits surge
Canadian banks started to see a much-awaited improvement in their core lending outside of mortgages in the third quarter, helping offset the impact of falling margins, but the benefits from the recovery are expected to be blunted by deposits growing at faster clip.
Spain’s Sabadell kicks off new round of layoffs in Spain – union and memo
Spain’s Sabadell (SABE.MC) on Monday told its employees it will engage in a new round of layoffs in Spain, according to an internal memo from the bank and a statement from the Spanish union Comisiones Obreras.
Japan’s Mizuho Financial Group claims an ATM defect!
On Monday, Mizuho Financial Group’s (8411.T) major banking unit stated its automated teller machines (ATMs) in numerous parts of Japan were disrupted by a system fault. The problem follows a major outage on Friday when Mizho’s branches across the country were unable to process transactions, as well as a spate of other recent technology troubles. […]
BBK Supporting COVID-19 Response Initiatives with Its specific task force!
BBK, a retail and commercial banking firm is working to provide its customers with cutting-edge technological solutions to improve their banking experience. BBK has already been offering Brighter banking perceptions to retail and corporate banking customers since 1971. BBK is a financial industry innovator, assisting in the development of innovative solutions that improve the user […]
S.Korea lifts interest rates from record low as debt threats grow
The Bank of Korea raised its policy rate for the first time in almost three years on Thursday, becoming the first major Asian central bank to shift away from pandemic-era monetary settings as ballooning consumer debt created new threats for the economy.
Taiwan c.bank says economy not overheating, inflation stable
TAIPEI, Aug 25 (Reuters) – Taiwan’s economy is not overheating and inflation is well under control, central bank governor Yang Chin-long said on Wednesday, as he responded to lawmakers’ questions about prospects for an interest rate rise.
BOJ policymaker warns of global impact from chip crunch, Asia factory closures
A shortage of semiconductor chips may persist for the rest of this year if the coronavirus pandemic keeps Southeast Asian factories shut, a Bank of Japan policymaker said, highlighting supply constraints as among key risks to the global economy.
China c.bank increases cash injections to soothe tightening worries
China’s central bank increased short-term fund injections into the financial system on Wedneday, in a bid to soothe market worries over tightening liquidity.
Citi considering bitcoin futures trading for some institutional clients
Citigroup Inc (C.N) is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said on Tuesday, citing increased demand in the cryptocurrency space.
Goldman Sachs raises odds on U.S. Fed taper announcement in Nov
Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds purchases in November, predicting the central bank will likely opt to dial back purchases by $15 billion then and at meetings that follow.
