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Banks
Swiss National Bank faces pressure over franc strength
The Swiss National Bank (SNB) is under pressure to address the strengthening franc, which is threatening the…
India’s c. bank intervenes to stem rupee drop
The Reserve Bank of India (RBI) has instructed major banks to refrain from increasing their positions against the…
Russian central bank conducts $34.87m yuan sale
The Bank of Russia announced that it sold 3 billion roubles ($34.87 million) worth of yuan on the domestic market…
URGENT: Egypt’s net FX reserves hit $46.48b in July – CBE
Egypt’s net foreign exchange reserves rose to $46.488.9 billion by the end of July, compared to $46.383.9 billion…
Russia’s Sberbank raises mortgage rates to 20%
Russia's largest lender, Sberbank, will increase its market mortgage rates to a minimum of 20 per cent starting…
BofA: RBI expected to cut interest rates by 100 bps
The Reserve Bank of India (RBI) may reduce interest rates by 100 basis points starting in December as inflation…
Philippines inflation 4.4% up in July, casting doubt on rate cut
The Philippines' inflation rate unexpectedly climbed to 4.4 per cent in July, the Philippine Statistics Authority…
China’s PBC offers 620m yuan off reverse repos
The People’s Bank of China (PBC) injected on Tuesday 620 million yuan into the banking system through seven-day…
UK banks can be wound down without public funds – BoE
The Bank of England (BoE) announced on Tuesday that Britain's top eight banks, including HSBC, Barclays, Lloyds,…
Italy’s Monte dei Paschi seeks sale of French unit MP Banque
Italian state-owned bank Monte dei Paschi di Siena (BMPS.MI) is in discussions to sell its French subsidiary, MP…
