News
Fed fines Deutsche Bank $186.4 million for AML violations
German lender failed to comply with earlier orders and was involved in Danske Bank scandal
PBoC steps up support for yuan
Chinese central bank eases limit on firms’ overseas borrowing and keeps key rates unchanged
ECB needs to maintain tight policy, says IMF
Policy rates, rather than quantitative tightening, should be main tool, IMF directors say
Bulgarian MPs re-elect Radev as governor
Governor had served two years past end of first term amid prolonged political crisis
Philippine president signs SWF law despite corruption fears
Economists concerned over use of central bank funds and possible governance problems
Panama supreme court rejects crypto law
Judges agree draft law has unconstitutional provisions and was improperly passed
IMF grants Burundi $271 million loan
Burundi must liberalise currency regime, end central bank financing and tighten policy
Banknote round-up: Belize may replace UK monarch’s image
Argentina releases new 1000 peso note while Chile reports shortage of smallest denomination
BoJ announces details of monetary policy review
Central bank plans to engage with experts, business leaders and public over policy framework
Kosovo’s parliament votes for new governor
Move will end political deadlock if president approves, after IMF calls for central bank reform
Somali president reappoints governor
Abdirahman Abdullahi has overseen central bank’s introduction of first national payments system
UK committee claims China may have ‘engineered’ AIIB job
Legislators say China gave jobs to Alexander, Cameron and others to gain influence
FSB unveils crypto regulation framework
Recommendations were toughened to reflect failure of FTX and terraUSD/luna stablecoin
PBoC holds key rate amid lacklustre GDP growth
Chinese economy grew 6.3% in second quarter, missing expectations by a full percentage point
Hong Kong proposes raising deposit insurance
Proposed change will bring the ratio of depositors being covered to 92%, regulator says
Nigerian court orders release of former governor
Lawyers argue that Emefiele’s month-long detention is unlawful
IMF approves $3 billion short-term loan for Pakistan
Saudi Arabia and UAE provide $3 billion more as country tries to overcome crisis
Bullard steps down as St Louis Fed president
FOMC hawk will become dean of Purdue Business School after 15 years leading regional Fed
Michele Bullock to become first woman to lead the RBA
Deputy governor to replace Philip Lowe in September, as central bank prepares for reforms
Senate committee backs Biden’s Fed nominees
Legislators unanimously back Jefferson, but most Republicans oppose Cook and Kugler
Bank of Canada raises rates despite falling inflation
Governor warns progress towards price stability “could stall”
US regulators fine Bank of America $150 million
BoA pays out nine-figure penalties for consumer malpractice for second year in a row
ECB’s monetary policy is taking effect rapidly, says Lane
But chief economist warns tighter financing conditions could cause eurozone contraction
South Korea’s central bank holds rates steady again
Governor says board agreed restrictive policy should continue for a considerable time