Argentina’s Central Bank has slashed reserve requirements to unleash a wave of liquidity into the financial system, sparking hopes for a much-needed boost in economic activity amid ongoing market hurdles, Bloomberg reports
Browsing: banking
Coinbase and Tink have joined forces to launch Pay by Bank crypto payments in Germany, enabling users to buy cryptocurrencies instantly via bank transfers. This thrilling partnership promises to make crypto transactions faster and easier than ever for customers throughout Germany
The Bank of Canada has just cut its key interest rate to 2.25%, hinting at a potential pause in future cuts for now. This calculated step aims to strengthen the economy as it faces ongoing challenges, CBC reports
India’s central bank is accelerating the return of gold held overseas, aiming to strengthen reserves and fortify economic stability, Bloomberg reports. This decisive move underscores a strategic effort to protect financial security amid a rapidly shifting global environment
Australia’s central bank labels its monetary policy as “little restrictive,” showcasing strong confidence in the nation’s economic growth despite persistent inflation concerns. This cautious stance signals potential future moves designed to sustain a steady and resilient recovery
John Ivison uncovers how Mark Carney’s reputation dazzles on the world stage, even as doubts persist at home in Canada-despite his immense influence and pivotal advisory roles in global finance
Australia is quickly leaving cheques behind as digital payments take the spotlight. This exciting shift marks a revolutionary move toward faster, safer transactions, signaling the dawn of a new era free from paper-based payments nationwide
Italy’s UniCredit has officially withdrawn its bid for Banco BPM, marking a bold change in strategy. This move is poised to transform the banking landscape as both institutions adapt to evolving market dynamics
China held its benchmark lending rates steady on Wednesday, exactly as markets anticipated. This move highlights Beijing’s cautious approach amid economic uncertainties, aiming to fuel growth while keeping inflation under control
ING is expanding its footprint in Spain with the addition of over 740 new NCR Atleos ATMs, bringing greater ease and convenience to customers everywhere. This thrilling growth underscores ING’s commitment to providing exceptional banking services across the nation
China is accelerating its drive to transform the renminbi into a global powerhouse, expanding its influence across international trade and finance. This ambitious move aims to challenge the dominance of the US dollar and boost China’s economic impact worldwide
UK fintech giant Revolut is set to acquire BNP Paribas’ consumer finance arm, Cetelem, in Argentina, Bloomberg reports. This bold move marks an exciting leap for Revolut as it dives into Latin America’s fast-growing digital finance market
Italy’s Finance Minister has dropped hints about a possible resignation, as the government grapples with escalating divisions regarding the future of UniCredit. This growing rift presents serious challenges for the administration, sparking worries about economic stability and investor confidence.
The European Union is weighing bold new sanctions against Russia, which could see more than 20 Russian banks cut off from the SWIFT payment system. Additionally, a potential ban on the Nord Stream gas pipeline is also on the table, as reported by Bloomberg
ONFA Fintech USA is thrilled to announce its exciting collaboration with Metti Capital Funding, a move set to revolutionize blockchain banking and DeFi initiatives. This dynamic partnership is poised to spark innovation in financial services, placing both companies at the cutting edge of the rapidly evolving fintech landscape.
Don’t miss your chance to weigh in! Spain’s public consultation on the exciting proposed merger between BBVA and Sabadell is open until May 16. This is your opportunity to share your thoughts on a deal that promises to boost competitiveness in the nation’s banking landscape.
Exciting news is on the horizon! Exclusive reports indicate that Deutsche Bank’s asset management division, DWS, is in talks with Japan’s Nippon Life to forge a dynamic joint venture in India. This collaboration seeks to bolster their foothold in the booming Indian financial market, tapping into its immense potential for growth.
Westpac Banking Corp has unveiled a lackluster profit report, leading to a dip in its share prices. This revelation comes as the bank raises alarms about escalating global trade risks. The announcement not only reflects worries about economic stability but also shakes investor confidence across the financial sector.
A recent power outage in Spain and Portugal caught many card users off guard, as electronic payment systems came to a standstill. With businesses unable to process transactions, customers found themselves scrambling for cash, shining a spotlight on the vulnerabilities within the region’s infrastructure.
Italy has officially stated that the proposed merger terms between UniCredit and BPM are designed to exclude any support for Russia. The government is committed to ensuring that this financial integration adheres strictly to sanctions and international standards, especially in light of the current geopolitical tensions