BIS Survey Shows Central Banks Moving Toward CBDCs
A survey by the Bank for International Settlements (BIS) released last week has found that a growing number of central banks across the world are accelerating their work on digital…
US Banking Crisis Far From Over – Banking Experts And Executives
In a new report, CNBC says that several experts that it has talked to have said that the instability in the US financial sector which followed the collapse of several…
German Banking Giants Sued By Gazprom
On Tuesday, Interfax news agency reported that according to arbitration court files, RusChemAlliance (RCA), a joint venture which Russia’s state-owned energy giant Gazprom holds a 50% stake in, has filed…
Venezuela Joins Russian Visa Alternative
Speaking at the St. Petersburg International Economic Forum (SPIEF) on Thursday, Jose Ortega Sanchez, the head of Venezuela’s central bank, Calixto, noted that Venezuelan banks have begun to accept Mir…
UBS Completes Credit Suisse Takeover
On Monday, Swiss banking giant UBS announced that it had completed its acquisition of troubled Swiss lender and former rival Credit Suisse. Describing the merger as “crossing an important milestone,”…
Honduras Seeks To Join BRICS Bank
Honduran President Xiomara Castro said Saturday that Honduras formally requested to be admitted to the New Development Bank (NDB) of the BRICS group of major emerging economies. During the official…
Yellen Says She Expects Bank Consolidations
On Wednesday, Treasury Secretary Janet Yellen said she would not be surprised to see some bank consolidation in the future. On CNBC’s “Squawk Box,” she said, “I see strength in…
UBS To Delay Quarterly Report Amid “Complexities” Of Credit Suisse Takeover
According to a Financial Times report on Sunday, amid complexities with regard to its takeover of Credit Suisse, UBS is considering delaying its quarterly financial report until at least the…
Argentina One Step From Joining BRICS Bank
On Thursday, Telam news agency reported that Dilma Rousseff, the head of the New Development Bank (NDB) of the BRICS group of major emerging economies, announced that Argentina is now…
US Banks See Biggest Capital Outflow In 40 Years
According to new Federal Deposit Insurance Corporation (FDIC) data released Wednesday, US banks saw a 2.5% decline in total deposits in the first quarter of the year. It was the…
