How sanctions complicated day-to-day banking for Russians
Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter for average Russians?
Credit Suisse scrambles to finalise revamp as deadline looms
Credit Suisse is racing to firm up sales of part of its business that could limit the cash it needs from investors, a person with direct knowledge of the matter said, with just days to go before the bank unveils an overhaul.
U.S. & European stock futures rise, oil bounces
U.S. and European stocks futures moved higher on Monday as Asian markets lagged, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.
Central bank digital currencies get full BIS backing
The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure ‘Big Tech’ does not take control of money.
Bank of Canada to break sequence of lower terminal rates as governments splurge
With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result in interest rates climbing above the previous peak for the first time in decades.
Analysis: A ‘tsunami’ of cash is driving rates ever lower. What will the Fed do?
Banks have too much cash on their hands – and they’re running out of places to put it.
U.S. pot sellers stash cash as banks leave them high and dry
The U.S. cannabis business has a very particular cashflow problem — too much of it.
Is it over yet? Still no recession end date as U.S. economy hums along
The U.S. economy is growing at its fastest rate since the early 1980s while household bank accounts are bulging with cash doled out by the federal government to blunt the impact of the coronavirus pandemic. Over 900,000 jobs were added in March and a Reuters poll of economists expectsjust under one million more for April, […]
