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An economic downturn, along with the real estate slump, certainly contributed to the the $137 billion Zhongzhi conglomerate’s woes. China has been cracking down on shadow banking since late 2017. So people naturally ask why this is happening now, and whether there are more blowups coming
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The rescue of First Republic Bank in the U.S. on Thursday boosted risk appetite globally on Friday as concerns about global banks eased, making way for surges in the Australian and New Zealand dollars.
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A major document written by two key Holy See departments appeared to take aim at plans to further de-regulate markets in some countries, such as the United States, where President Donald Trump wants to loosen strict banking rules enacted after the 2008 financial crisis.
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The objective of the Financial Inclusion Agenda has been to mobilise conversations and converge on divergent views on the possibilities of banking the unbanked and including the excluded sections of society in a formal financial system.
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The recent cyberattack engulfing 3.2 million bank debit cards is unlikely to come in the way of the government‘s plans to support electronic transactions, including possible tax benefits for payments made through plastic money.
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The RBI has slashed rates by 150 basis points (bps) since the start of last year, bringing the policy rate to a five-year low of 6.50 percent, but the country's banks have cut lending rates by less than half that, frustrating Rajan's efforts to revive weak private investment.
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According to BofA-ML, the 5.4 percent reading is just a notch above its estimate of 5.3 percent. A poor rabi or winter crop could sustain inflation at 5-5.5 percent till June, and it may go below 5 percent after that if oil prices cool down to USD 39 per barrel, it said.
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"At this point, when we are at the cusp of digital revolution, we have to focus on cyber security," he said at an Indian Banks' Association event here.
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Banks will continue to remain the central part of the financial system, while corporate bond market will continue to play a role but not the predominant role, says HR Khan, deputy governor of Reserve Bank of India (RBI). He also spoke about the need to focus on the sovereign debt market
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India needs to improve its financial system supervision and crisis preparedness while at the same time liberalising some sectors to reduce distortions and risks created by heavy state involvement in banking, the International Monetary Fund said on Tuesday.
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In the past few years, central banks around the world have pumped trillions of dollars into the financial system, partly motivated by the desire to keep their currencies weak in relation to others.
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Iran has given a one-month ultimatum to an Indian consortium over the development of a gas field whose delay by India has been attributed to western pressure, the semi-official Fars news agency reported on Sunday.
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Equities are losing their role in the global capital markets, creating a gap over the next decade between investor demand and companies' needs to fund growth, according to a new study on Wednesday.
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David Buick, partner, BGC spoke to CNBC-TV18 about his outlook for global markets keeping Europe in focus.
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Angela Merkel and Nicolas Sarkozy, racing to stamp out the euro debt crisis threatening to engulf the financial system, gave themselves three weeks to devise a plan to recapitalize banks, get Greece on the right track and fix Europe’s economic governance.
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The Group of 20 leading and emerging nations has not done enough to correct global imbalances and this could provoke more financial instability, a top Bank of Canada official said on Wednesday.
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A mission from the International Monetary Fund (IMF) will visit Spain on Monday to carry out a routine study of the country's financial system, as part of an annual global report, a government official said on Sunday.
