Global Finance
OCTOBER 11, 2024
The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.
Global Finance
OCTOBER 10, 2024
The political turmoil fuelled a spike in inflation, which hit 11.66% in July amid fast-dwindling foreign exchange reserves. Bangladesh has suffered years of financial system dysfunctionality. Non-performing loans in the banking system fell to 5.3%, the lowest level since 2015, and of the 33.3%
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CFO News
APRIL 1, 2024
Over the years, the RBI's responsibilities have expanded to include monetary management, financial system regulation, foreign exchange management, currency issuance, payment system oversight, and developmental functions.
PYMNTS
JANUARY 30, 2019
The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013.
PYMNTS
AUGUST 10, 2017
As more FinTechs seek to engage with banks’ financial systems, Carone said APIs are going to be play a key role in helping these newcomers work effectively with more established financial institutions’ legacy systems. You’ve got to establish systems to grow in ways that the market is demanding,” Carone said.
Future CFO
SEPTEMBER 21, 2023
The economy and its financial system have remained resilient, underpinned by large fiscal and foreign exchange reserves as well as a strong and well capitalised banking system.” Economic development and outlook “Hong Kong’s economy is expected to rebound by 4.7% in 2023, before moderating to 3.3
PYMNTS
SEPTEMBER 8, 2016
When those parents in China send their $60,000 to MIT via Flywire’s platform, Frere explained, they are given a real-time rate based on current foreign exchange rates between their home country and where the money is being sent. Being Prepared For What’s Next. “For us, it’s a competitive advantage,” Frere said.
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