Bank
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JPMorgan confirms Trump assertion that bank CEO Dimon was not offered Fed chair job
Trump plans to sue JPMorgan sometime in the next two weeks for allegedly “debanking” him [WASHINGTON] JPMorgan CEO Jamie Dimon on Saturday (Jan 17) confirmed he was not asked to…
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Bank of Japan keeps yen watchers on edge for rate-hike clues
Yen weakness and negative real rates risk fuelling inflation, leaving the BOJ behind the curve [TOKYO] The upcoming Bank of Japan (BOJ) meeting offers scope for sharp movements in the yen as…
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Bank of Japan says sales of its ETF holdings to start next week
[TOKYO] The Bank of Japan said it will start selling its holdings of exchange-traded funds on Monday (Jan 19), a project that may take more than a century if it…
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Some in Bank of Japan see scope to raise rates sooner than markets expect, sources say
[TOKYO] Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect with April a distinct possibility, as a sliding yen risks adding to already broadening…
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Bank of Japan is said to heighten focus on price impact of weak yen
[TOKYO] Bank of Japan (BOJ) officials are paying increasing attention to the yen’s potential impact on inflation, with possible implications for future rate hikes after a likely hold decision next…
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IMF’s Georgieva says central bank independence critical, backs Powell
[KYIV] International Monetary Fund chief Kristalina Georgieva on Thursday underscored the importance of keeping central banks independent and threw her support behind beleaguered Federal Reserve Chair Jerome Powell, who is…
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Keppel bags 720 MW power bank for AI data-centre campus near Melbourne
The group is in ‘active discussions with hyperscalers and neoclouds’ on the site’s future capacity [SINGAPORE] Asset manager Keppel on Thursday (Jan 15) announced that it has secured a 720…
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China’s central bank cuts structural interest rates to boost targeted lending
The moves signal targeted adjustments to bolster an economy hit by weak demand and imbalances [BEIJING] China’s central bank signalled it has room to further reduce interest rates and bank…
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Bank of Korea stands pat as board wary of weak won, property market rally
[SEOUL] South Korea’s central bank left its benchmark interest rate unchanged in a widely expected move, as authorities monitor the weakening won along with risks of financial imbalances stemming from…
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Bank of America profit climbs as trading surges in volatile markets
[NEW YORK] Bank of America’s profit rose, as its traders brought in more revenue from spurred client activity in the fourth quarter due to increased volatility in the markets. Softening…
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Bank of Japan puts self-defence ahead of solidarity with Fed’s Powell
The Bank of Japan’s absence from a list of central banks lining up to support Federal Reserve chair Jerome Powell reflects its aversion to politics and the government’s reluctance to…
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Fed’s Barkin says central bank independence means better economic outcomes
RICHMOND Federal Reserve President Tom Barkin on Tuesday declined to comment on “stuff that’s been in the news,” a reference to the Trump administration’s threat of indictment against Fed Chair…
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Mike Johnson Warns Trump’s Credit Card Plan Isn’t ‘Thought Through’ Enough
After President Donald Trump proposed to cap credit card interest rates at 10% on social media, House Speaker and faithful MAGA ally Mike Johnson called the President’s idea, “not thought…
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UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model [ZURICH] UBS on Monday (Jan 12) rejected government proposals to strengthen regulations…
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Vietnam central bank cuts credit growth target to 15% this year
The new target is lower than the 16% the bank initially set for 2025 before raising it during the year [HANOI] Vietnam’s central bank has cut its target for credit…
