Britain's central bank, the Bank of England (BOE), left its bank rate unchanged at a historic low on Thursday, in contrast to the United States's Federal Reserve which on Wednesday raised its interest rate.
The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday.
The central bank has drawn up new guidelines to strengthen inspections of domestic companies that make yuan loans overseas, the latest move to curb speculative shifting of yuan amid short-term depreciation pressure, a source with the bank said on Thursday.
Customers damaged furniture at a state-run bank in Uttar Pradesh on Thursday and reports of public anger spilling over emerged from other places as the government struggled to meet the demand for cash on the first payday since the recall of high-value banknotes.
When Mr Bishnu Pandey, a Nepali migrant working in India, returned home two weeks ago, he had hoped to clear a loan taken by his family to rebuild its village home with his savings.
As India undergoes the world’s biggest currency overhaul in decades, one official is noticeably absent: central bank Governor Urjit Patel.
An attack on a Melbourne bank that resulted in 27 injuries should not be used as a "political weapon", Victoria's Premier has urged.
An Indian bank manager's tale of chaos and the "stench" of hoarded cash is being shared widely on social media, after last week's shock ban.
Abdullah Sarhan laments having to sell his furniture to feed his family, but he is only one of thousands in Yemen struggling since rebels stopped paying salaries two months ago.
Wells Fargo, which created two million unauthorized accounts for its customers, is under criminal investigation in California over alleged identity theft, according to documents obtained by AFP.
A lawsuit by an Ecuadorean bank alleging that Wells Fargo & Co (WFC.N) is liable for authorizing the transfer of $12 million stolen in a 2015 cyber heist can go forward, a U.S. judge ruled on Tuesday.
China was a strong driving force behind the setting up of the New Development Bank, K. V. Kamath, the president of the bank, has told Xinhua in an exclusive interview.
Managers must have a clear vision and conviction that digital technologies are the future
Wells Fargo & Co's veteran chairman and chief executive officer, John Stumpf, abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank's reputation and put Wall Street under renewed scrutiny.
Deutsche Bank will pay a $9.5 million penalty to settle civil charges that it failed to properly safeguard material non-public information generated by its research analysts and of publishing an improper research report, U.S. regulators said Wednesday.
China’s central bank allowed the yuan to fall below a key defensive line on the first trading day after its inclusion as a “hard currency” in the International Monetary Fund’s basket.
FRANKFURT, Oct 5 Euro zone banks borrowed $2.8 billion from the European Central Bank's emergency line on Wednesday, one of the biggest weekly take-ups since the financial crisis, as Deutsche Bank's woes and tighter U.S. rules made market funding more difficult.
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