SNB hikes Swiss inflation view but policy to stay ultra-loose
The Swiss National Bank on Thursday signalled monetary policy would stay ultra-loose for the foreseeable future, saying projected higher inflation was no reason to change course a day after the timetable for U.S. rate hikes moved forward.
Fed gives money funds relief with short-term rate adjustments
June 16 (Reuters) – The Federal Reserve on Wednesday gave relief to money market investors that have been struggling to find high-quality short-term assets by raising two key short-term rates.
Banks bulk up in Hong Kong as China business overshadows politics
Some global banks, funds and other financial services providers say they are stepping up hiring in Hong Kong, in a sign the city’s unique position as a financial gateway to China is outweighing concerns about Beijing’s tightening grip over it.
With New Partnership, Hootsuite and Path Solutions are Empowering Banks to Meet their Customers on Social and Execute Business Strategies Built for the Future
Path Solutions is proud to announce its partnership with Hootsuite Enterprise, the leading social media management tool which provides tailored solutions to deliver real results through social media. The new partnership seeks to empower banks and financial institutions to execute business strategies for the social media era.
Senator Warren attacks JPMorgan’s Dimon over ‘baloney’ overdraft fees
Progressive firebrand Senator Elizabeth Warren on Wednesday attacked JPMorgan Chase & Co (JPM.N) chief executive Jamie Dimon after the country’s largest lender reaped $1.46 billion in overdraft fees during 2020 while borrowers were struggling to make ends meet amid pandemic lockdowns.
U.S. Justice Department starts probe on Archegos collapse – Bloomberg News
The U.S. Department of Justice is investigating the collapse of Bill Hwang’s Archegos Capital Management, which cost big global banks more than $10 billion in losses, Bloomberg News reported on Wednesday.
BoE’s Kashyap wants ‘forensic investigation’ of Archegos collapse
Financial regulators should undertake a detailed cross-border probe into how the collapse of U.S. investment fund Archegos cost mostly foreign banks more than $10 billion, Bank of England policymaker Anil Kashyap said on Wednesday.
Big banks look for post-pandemic rebound of credit card revenue
Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses.
Will bankers embrace sensors under their desks when they return to work?
Reservation systems for seats. Algorithms that say whether a location is crowded or not. Cameras to show what’s happening in real-time. Trackers that let others know you are there.
EU watchdog signals long journey for banks to become “green”
A sense of urgency is needed to plug data gaps in how banks in the European Union disclose their green credentials, the bloc’s banking watchdog said on Friday. The European Banking Authority in March set out how banks would have to publish a groundbreaking “green asset ratio” or GAR as a core measure of how […]
