UK state-owned Royal Bank of Scotland (RBS) has reported £3.5bn loss for the previous year, down from £9bn loss for 2013, says BBC...
After one year of too-slow price gains and another two years of falling prices, this month Sweden's central bank was forced to cut interest rates into negative territory in addition to announcing its intention of buying government bonds...
Foreign exchange reserves rose $2.7 billion during the week ended February 06 to touch a new high of $330.2 billion as the Reserve Bank bought dollars, according to the latest data released by the central bank...
On Thursday Sweden’s central bank cut its main interest rate into negative territory for the first time and announced a bond-buying program, joining a widening group of central banks trying out unconventional measures to battle low inflation...
In light of the next Riksbankmeeting due on Thursday, analysts at Danske Bank see the likeliness of the Nordic central bank to stay put and announce further easing measures in the April’s meeting...
National Bank of GreeceChairman George Zannias and Chief Executive Officer Alexandros Tourkoliasplan to step down from their positions in Greece's central bank in the next few days, CEO Tourkolias said on Sunday...
Big U.S. banks say that a proposed Federal Reserve rule on higher capital requirements would penalize them if the dollar remains strong against the euro, as it would make their dollar-denominated assets and operations look larger relative to their European peers, the Wall Street Journal reported...
The chief executive and chairman of Greek bank National Bank of Greece plan to step down from their roles in the next few days, CEO Alexandros Tourkolias told Reuters on Sunday...
As expected, the Monetary Policy Committee (MPC) has just announced that it voted to maintain the Bank Rate and the stock of asset purchases at 0.50% and GBP375bn, respectively. There was no statement in connection with the announcement...
The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5 percent. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at GBP375bn. The minutes of the meeting will be published at 9...
According to ANZ Economists, the RBA is likely to follow up today’s move with another cut in March. Key Quotes "The tone of the Statement was more dovish than we had expected with obvious concern for underlying growth in domestic demand...
The Reserve Bank of Australia decided to cut the interest rate to a new record-low of 2.25% vs 2.5% prior, after strong speculation that the Central Bank would probably act amid global deflationary pressures...
Russia’s central bank cuts its key rate by 200bp to 15%. We expect USDRUB to climb over 75 within 1M. We expect Russia’s economy to expand only after 2016. Assessment and outlook Today (30 January 2015) Russia’s central bank unexpectedly cut its key rate to 15% from 17% p.a...
Citigroup Inc.’s loss on a surge in the Swiss franc this month was exacerbated by the bank’s decision to let protections against currency swings lapse a week earlier, according to people with knowledge of the situation...
Saxo Bank has announced to clients that it will be applying a second wave of minimum margin requirements increases starting February 4th. The broker had initiated an initial across-the-board increase of margins which affected many popular forex and CFD products on January 21st...
According to the Telephone Consumer Protection Act, it’s illegal to robocall a mobile phone number without permission. The American Bankers Association wants to change that, arguing that robocalls will help fight identity theft and other kinds of fraud...
David Miles, Bank of England policymaker, has suggested low inflation means there is no great need in returning interest rates to normal levels from their record low of 0.5...
Market movers today We expect US building permits and housing starts to surprise on the upside. The MBA purchase mortgage application index has increased substantially in the past two weeks and employment in the construction sector in December was a significant positive surprise...
If anyone had any doubt how severely the global economy has been distorted by the actions of central bankers, the "surprise" announcement last week by the Swiss National Bank (SNB) to no longer peg the Swiss franc to the euro should provide a moment of crystal clarity...
The $400 million of cumulative losses that Citigroup Inc. (C:US), Deutsche Bank AG and Barclays Plc (BARC) are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in coming days...
