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Bank News

Backlash against Australia gagging order

Sydney - An Australian court's gagging order banning the reporting of allegations against several foreign political leaders in a major bribery scandal was Thursday slammed as unacceptable by activists and media groups.

ECB fires off volley of anti-deflation shots

Frankfurt - The European Central Bank rolled out Thursday an unprecedented package of measures, including negative interest rates, in its fight to head off the spectre of deflation in the euro area.

ECB to hold fire on rates but could move soon

Brussels - The European Central Bank will keep its gunpowder dry at its monthly meeting Thursday, but could pave the way to act soon if deflationary dangers persist, analysts said.

Stephen Fry gets Freedom of the City of London then penetrates it Special

City Of London - When a business executive, heroic volunteer worker, pillar of the community or established entertainer receives the Keys to the City in Britain, it often means little more than a nice certificate and an award night ceremony.

Op-Ed: Will SWAT teams arrest bankers who owe $3 trillion for bailouts?

As the passions around the Cliven Bundy situation in Nevada swirl and kick into warp drive, the battle to define the real issues rages on.

China bank loans surge in March: central bank

Shanghai - China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.Domestic banks granted 1.05 trillion yuan ($168.7 billion) in new loans last month, down 12.

ECB's Draghi: the strong euro could require policy action

Washington - European Central Bank chief Mario Draghi said Saturday that the bank may need to take action to stem the rising euro."The strengthening of the exchange rate would require monetary stimulus" as long as interest rates are already extremely low, he said.

ECB, BoE want more lenient rules on securitized loans

Frankfurt - The European Central Bank and the Bank of England on Friday called for easier rules regarding certain securities so as to get credit flowing again in the eurozone economy.

Eurozone's only female central banker takes office in Cyprus

Nicosia - Cypriot Chrystalla Georghadji became the eurozone's only woman central bank chief Thursday, facing the daunting task of guiding her country's banks out of a crisis that nearly sank the economy last year.

Steady stimulus taper 'likely': Fed minutes

Washington - Federal Reserve policy makers expect to continue the steady cutback to its stimulus program, the minutes to their March 18-19 meeting showed Wednesday.

U.S. warns eurozone over deflation risk

Washington - U.S. Treasury Secretary Jacob Lew warned the eurozone Wednesday to pay heed to the risk of deflation, adding pressure on European authorities and the European Central Bank to boost growth.

Bank of England set to hold record-low interest rates

London - The Bank of England is forecast Thursday to freeze interest rates at a record-low 0.50 percent, amid caution over the strength of Britain's economic recovery, analysts said.

Largest US banks ordered to raise capital buffers

Washington - US banking regulators on Tuesday ordered the eight largest "too big to fail" banks to raise capital levels in a bid to address weaknesses seen in the 2008 financial crisis.

IMF presses ECB to act soon against deflation

Washington - The International Monetary Fund on Tuesday urged the European Central Bank to act as soon as possible to fend off the deflation threat, amid worries about weak eurozone growth.

Bank of Japan holds off additional monetary easing

Tokyo - The Bank of Japan on Tuesday stood pat on its monetary easing programme as it assesses the impact of a controversial sales tax rise introduced at the start of the month.

ATM glitch at Maine bank causes machine to spit out $37,000

A software glitch on an ATM based outside a bank in Maine, South Portland, has caused the machine to issue $37,000 in cash to a homeless man who requested $140 be withdrawn from his account.

ECB holds key rate steady at 0.25% 

Frankfurt - The European Central Bank held its key interest rates steady as widely expected on Thursday. The ECB left its central "refi" or refinancing rate unchanged at 0.25 percent at its monthly policy meeting, it said in a statement.

ECB to hold fire on rates despite slow inflation, analysts say

Frankfurt - The European Central Bank is not expected to cut its key interest rates on Thursday, even though inflation in the euro area slowed sharply last month, analysts said.

India keeps rates on hold ahead of election

Mumbai - India's central bank kept key interest rates steady on Tuesday in a widely anticipated move less than a week before the start of national elections.

Yellen: Slack US labor market still needs Fed support

Washington - Federal Reserve Chair Janet Yellen said Monday that the US economy still needs the Fed's extraordinary support measures, noting that the falling jobless rate masks weaknesses in the jobs market.

ECB to hold fire on rates despite slow inflation

Frankfurt - The European Central Bank is not expected to cut its key interest rates this week, even though inflation in the euro area continues to slow, analysts said. The ECB has held eurozone borrowing costs at their current all-time lows since November.

US, Dutch try to deposit billions in fake bonds in Vatican bank

Rome - Vatican police on Saturday apprehended an American and a Dutch man who were trying to deposit billions of euros and US dollars in fake bonds in the Vatican bank.

Bank error gives Georgia teen $31k, who then promptly spends it

Hull - A bank in Hull, Ga., mistakenly deposited $31,000 into an 18-year-old's bank account. The teen then went on a shopping spree, and now could face prosecution.

Spanish economy to grow 1.2% in 2014, central bank says

Madrid - Spain's economy will grow by 1.2 percent in 2014 after shaking off a long, job-destroying downturn, the nation's central bank predicted Wednesday.The bank's outlook for Spain, which boasts the eurozone's fourth-largest economy, paints a picture of grad...

Analysts concerned after Brazil rating downgrade

Bras - Brazil must convince markets that it can grow its economy while also slash spending and curtail inflation, analysts said after the country's credit rating sunk to near junk status.The Central Bank said Brazil would respond "robustly" to global economic...

Hungary cuts base rate to new record low

Budapest - Hungary's central bank cut its main interest rate to a record low 2.60 percent on Tuesday, in an effort to boost the economy before elections on April 6.

29 of 30 U.S. big banks pass stress tests

Washington - All but one of the 30 largest banks are now strong enough to weather another severe economic crash, the Federal Reserve said Thursday.In the newest of the series of health examinations mandated after the 2008 financial crisis, only Zions Bancorp could ...

Yellen confounds in first policy announcement

Washington - Did Janet Yellen bungle her first press conference?

Bank of Japan chief faces new challenges a year on

Tokyo - Bank of Japan governor Haruhiko Kuroda on Thursday marked his first year in the job, with critics giving a mixed report card on his unprecedented monetary easing programme rippling through the world's number three economy.Prime Minister Shinzo Abe hand...

Swiss central bank leaves key rates unchanged

Z - Switzerland's central bank on Thursday kept its key interest rate unchanged and restated its longstanding pledge to prevent the Swiss franc from gaining too much value.The Swiss National Bank (SNB) held its target range for the franc's three-month Lond...
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Bank


Bank Image

A bank
A bank
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Branch of the National State Bank (BancoEstado) in Putaendo  Chile.
Branch of the National State Bank (BancoEstado) in Putaendo, Chile.
AconcaguaNews
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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)
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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.
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Bank of Greece
Bank of Greece
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A branch of Banco Provincia.
A branch of Banco Provincia.
Barcex
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Untitled
screen capture from news video
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Untitled
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TD Bank
TD Bank
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The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
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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.
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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
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Scanning at airports
Scanning at airports
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Bank of Greece
Bank of Greece
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Eurobank
Eurobank
wikimedia commons
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A Barclays bank in Birmingham  UK
A Barclays bank in Birmingham, UK
ell brown
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Federal Reserve Bank in New York City
Federal Reserve Bank in New York City
Dmadeo
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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.
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The Chief Minister of Tripura  Mr Manik Sarkar (left) is attending a program along with the Reserve ...
The Chief Minister of Tripura, Mr Manik Sarkar (left) is attending a program along with the Reserve Bank of India (RBI), Dr D Subbarao (right). Tripura is a tiny State of India located in North Eastern part of the country.
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A bank in Baghdad - protected by US troops.
A bank in Baghdad - protected by US troops.
Timmy
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