Latest News for: Banking wholesale

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Govt steps in to fight inflation: Excise duty on auto fuels cut sharply

Financial Express 22 May 2022
Retail inflation beat analysts’ expectations and surged to a 95-month high of 7.79% in April on a broad-based rise in price pressure across food, fuel and core segments, bolstering the chances of another round of aggressive rate hike by the central bank in June to break the back of inflation.
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Why it may not be crackers any more for some of us to give up our trackers

Irish Independent 21 May 2022
So the banks ended up proving to be crackers for giving us trackers.This is because a situation evolved that the banks had not anticipated – the cost of wholesale money (which they were using to fund mortgages) diverged from the ECB rate during the financial crash. Not only that, trackers were mispriced by banks in another way.
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Indian government trims tax on fuel to fight inflation

Metro USA 21 May 2022
By Munsif Vengattil ... Currently, a litre of petrol costs 105.41 rupees, while diesel is at 96.67 rupees in New Delhi ... India’s wholesale and consumer prices accelerated in April at their fastest in years, prompting the central bank to hike interest rates at an unscheduled policy meeting this month, with another likely in June ... .
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Alibaba ranked the 3rd-largest IaaS

The Manila Times 21 May 2022
According to the 2021 report, the business was able to increase its individual worldwide market share across verticals, including transportation, banking and investment services, insurance, manufacturing and natural resources, and wholesale trade, with revenue growth between 49 percent to 67.5 percent for these sectors from a year earlier ... ....
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AIB and Bank of Ireland’s ‘outsized upside’ to rising interest rates highlighted by analyst

The Irish Times 20 May 2022
The rate rises, which are likely to begin as soon as July, are “potentially highly significant” for AIB and Bank of Ireland ... “And with the deposit surplus residing in the listed banks, we believe that they will be the direct beneficiaries of higher rates, while wholesale funded competitors may find the bond market less accommodating.”.
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AIB and Bank of Ireland’s ‘outsized upside’ to rising interest rates highlighted

The Irish Times 20 May 2022
The rate rises, which are likely to begin as soon as July, are “potentially highly significant” for AIB and Bank of Ireland ... “And with the deposit surplus residing in the listed banks, we believe that they will be the direct beneficiaries of higher rates, while wholesale funded competitors may find the bond market less accommodating.”.
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South African central bank mulls digital rand to streamline cross-border payments

Cryptoslate 20 May 2022
The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo ... This news comes on the heels of South Africa conducting small-scale experiments with a wholesale central bank-issued digital currency (CBDC) in 2021.
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Surging inflation forcing Indians to put a brake on spending

The Telegraph India 20 May 2022
“These are early signs of inflationary impact on discretionary spends.”. Advertisement ... April saw India’s wholesale and consumer prices accelerate at their fastest in years, prompting the central bank to hike interest rates at an unscheduled policy meeting this month, with another likely next month ... Malhotra said ... .
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Inflation crimps Indian firms as rural millions cut spending

The Times of India 20 May 2022
NEW DELHI ... "These are early signs of inflationary impact on discretionary spends." ... April saw wholesale and consumer prices accelerate at their fastest in years, prompting the central bank to hike interest rates at an unscheduled policy meeting this month, with another likely next month ... Looking for Something?. Start a Conversation. .
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India Inc Worries About Demand As Inflation Starts To Hit Discretionary Spending | Mint

Live Mint 20 May 2022
"These are early signs of inflationary impact on discretionary spends." ... April saw India's wholesale and consumer prices accelerate at their fastest in years, prompting the central bank to hike interest rates at an unscheduled policy meeting this month, with another likely next month ... MORE FROM THIS SECTIONSee All ... U.S ... INFLATION HEADACHE ... .
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Malta launches subsidy scheme to ensure security of grain supply

Xinhua 19 May 2022
The bank, which is ... "This support measure is intended to ensure the security of supply of grains, animal feeds and related products of strategic importance by assisting importers and wholesalers through the provision of temporary liquidity support," the bank said in its statement.
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Reserve Bank mulls digital rand to reduce cost of cross-border payments

Business Day 19 May 2022
... World Bank report ... Last year, Nigeria’s central bank introduced an eNaira for use by ordinary citizens. SA has conducted small-scale experiments with a wholesale digital currency and participated in a cross-border pilot with the central banks of Malaysia, Australia and Singapore.
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South Africa Mulls Digital Rand, Expects Crypto Regulation in 2023

FX Empire 19 May 2022
South African Reserve Bank deputy governor says digital rand is a few years away. The South African CBDC could cut the high cost of cross-border payments for banks ... Last month, the South African Reserve Bank (SARB) concluded technical proof-of-concept for a wholesale central bank digital currency (CBDC) settlement system.
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Building Hope Appoints Bob Marshall to Its Board of Directors

Eagle-Tribune 19 May 2022
WASHINGTON--(BUSINESS WIRE)--May 19, 2022-- ... Marshall is currently the business growth strategy executive for the Wells Fargo Small Business Banking team. Prior to his Wells Fargo position, Marshall held several banking management roles for the Wholesale Banking Group (Wachovia Bank, NA). Marshall began his banking career at Nat West Bank, NA ... CONTACT.
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MNCs continue to exit India as the country markets mature

Financial Express 19 May 2022
The long list of companies that quit India in the past included Cairn Energy, Hutchison Telecommunications International, Docomo, Lafarge, Carrefour, Daiichi Sankyo and Henkel, while foreign banks such as Citi, Royal Bank of Scotland and Barclays are focusing completely on wholesale banking in the country ... 2/ ... .

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