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July 5, 2022

Bank

China cetral bank upgrades currency swap with HKMA, expands size to 800 billion yuan

Reuters
BEIJING, July 4 (Reuters) – China’s central bank said on Monday that it has upgraded a currency swap facility with Hong Kong to a standing swap agreement and expanded the size to 800 billion yuan ($119.40 billion) from 500 billion yuan. The agreement was signed by the People’s Bank of......

Malaysia central bank to hike rates again in July and September- Reuters Poll

Reuters
A man walks past the entrance of Central Bank of Malaysia (Bank Negara Malaysia) in Kuala Lumpur, Malaysia, July 31, 2019. REUTERS/Lim Huey Teng Register now for FREE unlimited access to Reuters.com Register All economists expect BNM to raise rates to 2.25% Decision due at 0700 GMT on Wednesday, July......

Liv Morgan Wins at Money in the Bank, SmackDown vs Ronda Rousey

Sports Illustrated
Liv Morgan defeated Ronda Rousey at Money in the Bank—and the crowd at the MGM Grand Arena in Las Vegas loved every moment of it, erupting when Morgan cashed in her Money in the Bank contract to win the SmackDown women’s title. “I’m the new baddest b—- on the planet right......

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

CNBC
CNBC – For more and to sign up click here The ECB has announced it will be hiking rates in July and September to counter record inflation. Daniel Roland | Afp | Getty Images Euro zone inflation reached a new record high in June just ahead of the European Central......

‘Just put it in a briefcase’: The making of the first WWE Money in the Bank match

ESPN
7:33 AM ET Mike CoppingerESPN Seventeen years ago, WWE was attempting to develop a new match format that would creatively drive storylines forward and present a platform to create new stars. Since 1988, the Royal Rumble offered an opportunity each January for WWE superstars to grab the proverbial brass ring......

DOJ says the U.S. and allies have frozen $30 billion of Russian elites’ assets, $300 billion of Moscow bank funds

CNBC
CNBC – For more and to sign up click here The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla......

European Central Bank member Holzmann says there’s ample room to hike to cool surging inflation

CNBC
CNBC – For more and to sign up click here The ECB is heading to a critical meeting in July with a rate rise expected and investors awaiting details of its new fragmentation tool. Daniel Roland | Afp | Getty Images A member of the European Central Bank told CNBC......

Volt, Australia’s first online-only bank, shuts down due to fund-raising woes

Reuters
June 29 (Reuters) – Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business. Its collapse is a further blow to a......

Two gunmen killed, six officers wounded in shootout at Canadian bank

Reuters
SAANICH, British Columbia, June 28 (Reuters) – Canadian police shot dead two men and six officers were wounded during a gunfight at a bank in British Columbia on Tuesday, and nearby homes were evacuated after the discovery of a possible explosive device, police said. Emergency response team members arrived on......

Bank of Italy plays down talk of early Visco exit

Reuters
Ignazio Visco, governor of Bank of Italy, speaks during an event to launch the private finance agenda for the 2020 United Nations Climate Change Conference (COP26) at Guildhall in London, Britain, February 27, 2020. Tolga Akmen/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register ROME, June 28......

Credit Suisse bank found guilty over money laundering charges

BBC
The court heard evidence around the bank’s role in accepting millions of Euros in bank deposits between 2004 and 2008, which it said was full of red flags.Prosecutors said that Ms Pampoulova-Bergomi had built a relationship with former Bulgarian wrestler Evelin Banev, who was a major figure in a European......

Full interview: World Group Bank President David Malpass on “Face the Nation with Margaret Brennan”

CBS News
CBS News – For more and to sign up click here Full interview: World Group Bank President David Malpass on “Face the Nation with Margaret Brennan” – CBS News Watch CBS News Watch the full version of an interview with David Malpass, president of the World Bank Group, that aired......

JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion

CNBC
CNBC – For more and to sign up click here JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase, one of the largest employers in the U.S. financial industry, told workers that......

Todd Chrisley Ask Fans To Send Prayers After Bank Fraud, Tax Evasion Conviction

Todd and Julie Chrisley are asking for thoughts and prayers in the wake of their recent convictions for bank fraud and tax evasion. The “Chrisley Knows Best” stars asked fans to stop spending their hard-earned money on flower arrangements and gifts and instead keep the couple in their prayers. Play......

Inflation is the ‘biggest poison’ for the global economy as recession risk rises, Deutsche Bank CEO says

CNBC
CNBC – For more and to sign up click here Europe and the U.S. face a high likelihood of recession as central banks are forced to aggressively tighten monetary policy to combat inflation, according to Deutsche Bank CEO Christian Sewing. The U.S. Federal Reserve, European Central Bank, Swiss National Bank......

Australia’s central bank flags more rate rises, 75 bp moves unlikely

Reuters
SYDNEY, June 21 (Reuters) – Australia’s top central banker on Tuesday flagged a lot more policy tightening ahead as rates were still “very low” and it was important that higher inflation did not feed into public expectations and wage claims. Yet, Reserve Bank of Australia (RBA) Governor Philip Lowe also......

This bank wants to track suspect credit card sales of guns and ammo. Why can’t it?

CBS News
CBS News – For more and to sign up click here The credit card industry has blocked a novel effort to track suspect firearm and ammunition purchases, depriving law enforcement of a potential tool to identify and stop gun crime.  Documents obtained by CBS News show employees from domestic and......

Sterling has further to fall as Bank of England wrestles growth-inflation conundrum, strategists say

CNBC
CNBC – For more and to sign up click here LONDON — Sterling has fallen more than 9% against the U.S. dollar so far this year and despite a recent reprieve, currency strategists see further pain ahead for the pound. The Bank of England last week delivered another 25 basis......

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