Email
Password
Remember meForgot password?
    Log in with Twitter

Bank News

Fed's Powell vow to act to sustain US expansion, Trump lashes out

Washington - Federal Reserve Chair Jerome Powell vowed Friday to act to ensure that the US economic expansion continues, but admitted the central bank had limited tools to respond to an intensifying trade war.

Fed will act 'as appropriate' to sustain US expansion: Powell

Washington - Federal Reserve Chair Jerome Powell stressed Friday that the central bank will act to ensure the US economic expansion continues, even in the face of "significant risks" posed by slowing global growth.

Trump attacks, economic fears focus spotlight on Fed's Powell speech

Washington - When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by US President Donald Trump ensure Fed Chair Jerome Powell's speech Friday will be subjected to an even more intense spotlight.

Trump attacks, economic fears focus spotlight on Fed's Powell speech

Washington - When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by US President Donald Trump ensure Fed Chair Jerome Powell's speech Friday will be subjected to an even more intense spotlight.

Erdogan sacks Turkey central bank governor amid rate tensions

Ankara - President Recep Tayyip Erdogan has sacked the governor of Turkey's central bank and replaced him with his deputy, a presidential decree said Saturday, after months of tension with the government over high interest rates.

US business debt a 'moderate' economic risk: US Fed's Powell

Washington - The American private sector's mounting debts pose a "moderate" risk to the world's largest economy, Federal Reserve Chairman Jerome Powell said Monday.

US imposes sanctions on Venezuela's central bank

Miami - The United States on Wednesday announced sanctions against Venezuela's central bank in its latest effort to strangle President Nicolas Maduro's cash flow.

Independence has served central banks well: IMF's Lagarde

Washington - Government respect for the independence of central banks has served them well in their mission, International Monetary Fund chief Christine Lagarde said Saturday.

Tirana airport security under scrutiny after runway heist

Tirana - Security at the Albanian capital's airport was under scrutiny Wednesday after a Hollywood-style robbery on its runway that left one gunman dead while his accomplices fled with millions of euros.

Fed's Powell: US inflation to fall further below 2% target

Washington - Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the central bank's two percent goal, at least for a time, Federal Reserve Chairman Jerome Powell said Tuesday.

Fed's Powell: US inflation to fall further below 2% target

Washington - Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the central bank's two percent goal, at least for a time, Federal Reserve Chairman Jerome Powell said Tuesday.

Fed says US growth easing as global risks rise

Washington - The Federal Reserve believes US growth will "step down" this year from last year's rapid pace amid rising global risks, including from tense trade relations, according to minutes released Wednesday.

US Federal Reserve to remain patient on interest rates

Washington - The Federal Reserve will make its first interest rate announcement of the year on Wednesday but almost certainly will make it clear it will remain patient about any further moves.

French police seek 3 suspects after brazen Paris bank raid

Paris - Police were hunting for three men who held up a bank just off Paris' Champs-Elysees avenue Tuesday, tying up staff and customers for hours while ransacking safety deposit boxes, officials said.

Fed poised to signal pause in US interest rate hikes

Washington - The US Federal Reserve will wade into a charged political atmosphere on Wednesday, with another interest rate hike likely but accompanied by a strong sign it will hold off on further increases.

Trump's barbs cast shadow over Fed meeting

Washington - The US central bank is set to open its two-day policy meeting on Tuesday and despite renewed attacks from President Donald Trump is expected to announce the fourth interest rate increase of 2018.

India central bank chief quits after spat with government

New Delhi - The head of India's central bank resigned on Monday following a public spat with Prime Minister Narendra Modi's administration about alleged government interference.

Twelve killed in foiled Brazil bank assaults

Rio De Janeiro - Twelve people -- including five hostages -- were killed in northeast Brazil on Friday after police foiled a gang of armed robbers staging simultaneous pre-dawn assaults on two banks in the town of Milagres, officials said.

US firms face tariff-fueled price hikes, widespread labor shortages: Fed

Washington - US firms nationwide complain trade disputes with China and others are boosting the prices of key inputs, while they continue to face widespread labor shortages, the Federal Reserve said Wednesday.

'Disorderly' Brexit could harm US economy: Fed's Powell

Washington - A "disorderly" European Union exit by Britain could have a negative knock-on effect on the American economy, the chairman of the US Federal Reserve warned Tuesday.

Trump says Fed 'out of control' but won't fire Powell

Washington - President Donald Trump renewed his attacks on the US central bank on Thursday, saying it was "out of control" in raising interest rates but saying he had no plans to dismiss Federal Reserve Chairman Jerome Powell.

London, New York property of Indian celebrity jeweller seized

New Delhi - Indian authorities Monday said they have seized assets of fugitive billionaire jeweller Nirav Modi worth some $87 million, piling pressure on one of the main suspects in a $1.8-billion fraud at a major state-run bank.

US Fed raises benchmark interest rate amid strong economy

Washington - With the US economy still strong, the Federal Reserve raised the benchmark interest rate on Wednesday for the third time this year but showed no indication it would be more aggressive in efforts to head off inflation.

Argentina on strike as central bank chief resigns amid IMF talks

Buenos Aires - Argentina was paralyzed by a general strike on Tuesday while the central bank chief resigned amid talks with the International Monetary Fund on a revised crisis loan package.

Argentina's central bank chief resigns

Buenos Aires - The president of Argentina's central bank, Luis Caputo, abruptly resigned on Tuesday after just a few months in the position, amid a volatile economic crisis.

US Fed warns trade dispute escalation poses 'consequential' economic risk

Washington - An escalation of ongoing US trade disputes poses a "consequential downside risk" to the economy, which will make the job of the central bank more challenging, the US Federal Reserve warned Wednesday.

Bitter pills: Erdogan's possible remedies for Turkey crisis

Istanbul - The crash in the Turkish lira sparked by US sanctions has left President Recep Tayyip Erdogan facing the biggest economic challenge of his one-and-a-half decades in power.

US slaps sanctions on Russian bank over NKorea dealings

Washington - The United States slapped sanctions Friday on a Russian bank for helping North Korea evade punitive measures from the United Nations designed to curb Pyongyang's nuclear weapons and ballistic missile programs.

US Fed leaves key interest rate unchanged, highlights strong economy

Washington - The US Federal Reserve kept the benchmark lending rate unchanged on Wednesday but stressed the strength of the economy and labor markets, a signal rate increases are ahead.

'Strong' case for further rate hikes: Fed's Powell

Washington - Historically low unemployment and signs of rising inflation mean there is a "strong" case for continued, steady interest rate hikes, US Federal Reserve Chairman Jerome Powell said Wednesday.
  1 2 3 4 5 6 ... 11 Next»

Set up a news alert for

Bank


Bank Image

Federal Reserve Bank in New York City
Federal Reserve Bank in New York City
Dmadeo (CC BY-SA 3.0)
A Barclays bank in Birmingham  UK
A Barclays bank in Birmingham, UK
ell brown
Branch of the National State Bank (BancoEstado) in Putaendo  Chile.
Branch of the National State Bank (BancoEstado) in Putaendo, Chile.
AconcaguaNews
Inside of Caixa Bank in São Paulo where there s art gallery open to public on Sundays.
Inside of Caixa Bank in São Paulo where there's art gallery open to public on Sundays.
Those running Bank of Montreal got a free security check from an unexpected source.
Those running Bank of Montreal got a free security check from an unexpected source.
Eastmain via Wikimedia
National Bank of Canada
National Bank of Canada
By Raysonho @ Open Grid Scheduler / Grid Engine (Own work) [CC0], via Wikimedia Commons
Bank of Greece
Bank of Greece
Bank of Greece
Bank of Greece
Eurobank
Eurobank
wikimedia commons
Interior of NatWest Castle Street  Liverpool
Interior of NatWest Castle Street, Liverpool
John Bradley
A bank in Baghdad - protected by US troops.
A bank in Baghdad - protected by US troops.
Timmy
This bank in a Western town is closed. It is just one closed business in an almost empty downtown. T...
This bank in a Western town is closed. It is just one closed business in an almost empty downtown. The story is different in every community but the result is often the same --- a struggling community with many of the young people moving away to find work and the remaining older residents staying as they are unable to find buyers for their property.
Book cover of Michael Likosky s  Obama s Bank - Financing a Durable New Deal  Cambridge University P...
Book cover of Michael Likosky's "Obama's Bank - Financing a Durable New Deal" Cambridge University Press (2010)
A branch of Banco Provincia.
A branch of Banco Provincia.
Barcex
Deutsche Bank in Warsaw  Poland
Deutsche Bank in Warsaw, Poland
Deutsche Bank
Untitled
screen capture from news video
Visiting past: Indian currency in 1918. The photo shows the Indian currency of 1918 when India was r...
Visiting past: Indian currency in 1918. The photo shows the Indian currency of 1918 when India was ruled by the British. A host of past events were exhibited in Agartala - the capital of Tripura of India few months ago. The exhibition was arranged by the Reserve Bank of India.

Latest News
Top News