Banking Wholesale

Wednesday, 29 March 2023

Latest News for: Banking wholesale

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European Banking Federation (EBF) Drums Support for Digital Euro, But There’s a Catch

Coinspeaker 29 Mar 2023

The European Banking Federation (EBF) has published a paper where it shared its views of the digital euro as well as that of the European digital money ecosystem at large ... the digital euro (retail), a wholesale central bank-issued digital currency (CBDC), and bank-issued money tokens ... It also noted the reason why a wholesale CBDC is necessary.

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DBG to invest GH¢500m in key commodities to enhance food security

B & FT Online 29 Mar 2023

DBG’s wholesale banking model seeks to alleviate this bottleneck and provide long-term, competitively priced loans that can drive sustainable growth and transform the Ghanaian economy ... “DBG has adopted a wholesale banking model, providing funding to eligible financial institutions to on-lend to Ghanaian businesses in targetted industry sectors.

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U.S. banks fallout will intensify margin headwinds for Aussie lenders, UBS says

Indian Express 29 Mar 2023

Australian banks are well-positioned to deal with the pressures emanating from the recent bank runs in the United States, but their margins could be squeezed by the fierce competition for deposits, increased cost of funding and higher bad debts, brokerage UBS said ... Banks are ...

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Report: UAE Central Bank Implements Digital Currency Strategy

Bitcoin 29 Mar 2023

The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial hub.” CBDC Strategy to Focus on Three Pillars.

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How cash is officially dying in Australia as the Reserve Bank warns of hacking risks ...

The Daily Mail 29 Mar 2023

'Australians are relying on electronic payments more than ever, so our retail payment systems must be safe and resilient,' he told The Australian Financial Review Banking Summit on Tuesday ... Mr Connolly said the Reserve Bank was focused on lowering wholesale merchant costs.

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HEADLINES: Come home, face raps | Mar. 29, 2023

The Manila Times 29 Mar 2023

Topping business, the government is moving to merge state-owned Land Bank of the Philippines (LandBank) and the Development Bank of the Philippines (DBP) in a bid to strengthen the country's financial system, Finance Secretary Benjamin Diokno said on Tuesday ... Consolidation is also expected to enhance retail and wholesale banking operations.

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European Banking Federation reveals plans for digital euro

Cryptopolitan 28 Mar 2023

The EBF ecosystem vision placed a strong emphasis on the private sector’s contribution to all areas, starting with infrastructure, where Europe needs to rely less on foreign “actors.” The digital euro, a wholesale central bank digital currency (CBDC), and bank-issued money tokens would be the three components of that ecosystem.

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Fed's Michael Barr hints at stronger bank rules to prevent failure like SVB in future

Live Mint 28 Mar 2023

Federal Reserve's vice chairman for banking supervision, Michael Barr on Tuesday said he was aware of the ... Morgan Asset Management, in a note, revealed that while capital, wholesale funding, and loan-to-deposit ratios improved for many US banks since 2008, there are exceptions.

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Govt to merge LandBank, DBP

The Manila Times 28 Mar 2023

THE government is moving to merge state-owned Land Bank of the Philippines (LandBank) and the Development Bank of the Philippines (DBP) in a bid to strengthen the country's financial system, Finance Secretary Benjamin Diokno said on Tuesday ... Consolidation is also expected to enhance retail and wholesale banking operations.

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Europe's banks in 'better place' than U.S. in terms of commercial property risk - JPMorgan

Reuters 28 Mar 2023

banks or U.S ... banks, defined by the Federal Reserve as being those outside the 25 largest by asset size ... JPMorgan said an important part of its more positive view on European CRE was the willingness of European banks to continue providing finance to the sector as wholesale funding markets have started to clam up.

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Australian bank chiefs flag raging home-loan price war

FX Empire 28 Mar 2023

“It’s the most competitive market for mortgages that I’ve seen in my career,” Westpac Chief Executive Peter King, who started at the bank in 1994, said at the Australian Financial Review Banking Summit in Sydney ... Rising wholesale funding costs at a time when banks had hundreds of billions to refinance could hit pricing on deposits, he added.

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Australian bank worries turn from chaos overseas to profits at home

Reuters 28 Mar 2023

Borrowers' market in Australian home mortgagesAbout $300 bln in fixed-term loans to go variable this yearRetail deposit rates rising as banks compete for savings ... Aftershocks from the banking crisis overseas are also raising wholesale funding costs at a time when the major banks need to refinance hundreds of billions in debt.

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Credicorp Ltd.: Credicorp Announces Appointment of Two New Directors, Further Diversifying the ...

Enid News & Eagle 28 Mar 2023

The new members, who further diversify Credicorp’s board and add extensive professional expertise in digital transformation within the financial services sector, fintech investing, sustainability development, and wholesale and investment banking, will offer fresh perspectives to guide collaborative decision-making.

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India has big hopes for e-rupee, but uptake is slow

Business Day 28 Mar 2023

The fruit vendor is among the first retailers in India to use the central bank digital currency (CBDC) the RBI, launched as a pilot on December 1, a month after the trial for wholesale, or interbank transactions, was rolled out ... Yet about 1.7-billion adults still do not have access to a bank account, according to the World Bank.

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FEATURE – India e-rupee unpopular as central banks push digital currency

Financial Express 28 Mar 2023

Just outside the Reserve Bank of India’s Monetary Museum – which charts the evolution of money, from barter to electronic transactions – Bachche Lal Sahani is testing the nation’s newest form of currency, the e-rupee ... 1, a month after the trial for wholesale, or interbank transactions, was rolled out.