Latest News for: Banking wholesale


Bank of International Settlements green signals CBDC

Cryptopolitan 28 Sep 2022
The Bank of International Settlements (BIS) has branded its recent CBDC pilot test a after it saw transactions going to $22 million ... According to one of the executives of the Bank of International Settlements, the test focused on the usage of CBDC in cross-border capacity on a wholesale level.

BIS marks CBDC pilot as ‘successful’

Financial Express 28 Sep 2022
The pilot focused on wholesale CBDC cross-border payments and the role of central banks on the platform, according to Daniel Eidan, an adviser and solution architect at the BIS, adding that “we will certainly examine more commercial issues in the future stages of our work.”.

India doesn't need so many public sector banks, says former SBI chief

The Times of India 28 Sep 2022
India needs 'fewer' but stronger Public Sector Banks (PSBs), and the smaller ones could be privatised or merged, former SBI chief has said ... While observing that even at this point of time PSBs are not enabled enough, she asserted that wholesale privatisation of state-owned banks is not the answer.

India doesn’t need so many public sector banks, says former SBI

Financial Express 28 Sep 2022
“I don’t really believe that we need so many public sector banks either, the number of PSBs could be decreased ... IDBI Bank sale ... Banks offer a host of special loan schemes ... While observing that even at this point of time PSBs are not enabled enough, she asserted that wholesale privatisation of state-owned banks is not the answer.

Pound slips again as IMF and Moody’s warn over Kwarteng’s tax cuts - live updates

The Daily Telegraph 28 Sep 2022
The IMF are coming from the errors of the past which they share with the world's leading central banks ... 2) Building societies under pressure as lending costs rocket Smaller lenders are more exposed to swings in wholesale interest rates than larger high street banks, which lend off their deposit bases.

ECB eyes blockchain for settling bank transactions, says official

Arab News 27 Sep 2022
On top of a digital euro for consumers, the ECB is looking at how it could let banks settle wholesale transactions between them on a distributed ledger, rather than the central bank’s own ... Alternatively, it could make central bank money — the claim against the ECB in which ...

As Iran joins the league of cryptocurrency with its own CBDC, will India bite the bullet any soon 

Financial Express 27 Sep 2022
Meanwhile, back at home, Shaktikanta Das, Governor, Reserve Bank of India (RBI), at the recently, held Global Fintech Festival in Mumbai, said, that the RBI is now actively working towards a phased implementation of Central Bank Digital Currency (CBDC) in both wholesale and retail segments. .

French Central Bank CBDC Projects Aim to Manage DeFi Liquidity, Settle Tokenized Assets

CoinDesk 27 Sep 2022
Three projects were announced by governor Fran�ois Villeroy de Galhau as he seeks to realize the potential of wholesale central bank digital currencies ... .

European Central Bank preparing for broad digital currency adoption ‘scenario’

The Block 26 Sep 2022
Bankers see the most potential for stablecoins in large daily wholesale transactions that take place between banks internationally due to the existing complications of cross-border and cross-currency payments, Panetta said ... "We must ensure that, in such a scenario, central bank ...

Hyderabad: Old City soaks in festive mirth after Covid lull

The Times of India 26 Sep 2022
Both wholesale and retail markets are bustling with shoppers that many traders are hoping to revive their businesses from the pandemic blow despite there is a rise in prices of all products ... Dasara and Bathukamma see a lot of rush, especially for sarees and we are banking on that this year," said , a wholesale saree merchant at .

Banking giant Nomura invests in payments firm Fnality

The Block 26 Sep 2022
Japanese banking giant Nomura has invested in London-based blockchain payments firm Fnality, according to an announcement from Fnality on Monday ... relevant central bank ... As part of the new role, Ashley has stepped down from his previous role as the bank's head of wholesale division.

Australian central bank issues whitepaper for pilot of permissioned CBDC, eAUD

Cryptoslate 26 Sep 2022
But, between 2020 and 2021, the RBA participated in ‘Project Atom’ alongside the Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), Perpetual, and ConsenSys.�The proof-of-concept CBDC developed in Project Atom demonstrated the of a wholesale CBDC.

Scotiabank announces Brian J. Porter's retirement, names Scott Thomson as President and Chief Executive Officer

The Philadelphia Tribune 26 Sep 2022
... Banking business is now focused on fewer, larger markets that offer higher growth potential; and the Global Banking and Markets business, inclusive of the Bank's international wholesale business, has consistently been second largest by profitability among domestic peers.

UAB banks on positive economic sentiments in UAE

Khaleejtimes 25 Sep 2022
United Arab Bank (UAB) sees a bright outlook for the UAE banking industry and is confident of sustaining strong profit growth this year due to its prudent approach to risk management and disciplined cost control, its top official says ... Govt, central bank stimulus ... • Bank is open to all clients of the UAE economy in the retail and wholesale segments.

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AP / Sputnik, Kremlin Pool Photo via AP, File
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AP / Alexander Zemlianichenko, Pool