Latest News for: Banking stability

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Abbey Mortgage Bank Cleared of Insider Trading Allegations

This Day 17 May 2024
Abbey Mortgage Bank Plc has been cleared of ... Abbey Mortgage Bank, a leader in the Nigerian mortgage sector since its incorporation in August 1992, has continually demonstrated resilience and stability.
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Philippines may cut key rate by up to half point this year

Gulf News 17 May 2024
The Philippine central bank may lower its key interest rate by a total of 50 basis points this year as price risks moderate, Governor Eli Remolona said Thursday, after keeping it at a 17-year high for a fifth meeting.
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Banks solvency under threat — High NPLs to blame

Business Ghana 16 May 2024
He said although the banking industry has been battling with rising NPLs for decades now, the level at which it is rising now threatens the financial stability agenda of the country ... He said maintaining price stability should be the immediate goal.
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SBV seeks to extend debt restructuring to support economic recovery

The Saigon Times 16 May 2024
HCMCThe State Bank of Vietnam (SBV) is proposing an extension of the debt ... This move is based on an assessment of the policy’s effectiveness in bolstering the economy and stabilizing banks.
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China property shares jump on report of government plans to buy homes

Voa News 16 May 2024
The sub-index has gained around 30% since mid-April, when the market started speculation that more supportive measures would be rolled out to stabilize the ailing sector after months of disappointing home sales.
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ECB Sounds the Alarm on AI in Finance: Regulation Needed

Finance Magnates 16 May 2024
Read about the impact new artificial intelligence tools can have on the financial system in our upcoming Financial Stability Review https.//t.co/Y3FFJEsMEW— European Central Bank (@ecb) May 15, 2024.
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Philippine central bank holds key interest rates

Xinhua 16 May 2024
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively.
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RBI holds conference for heads of assurance functions at Urban Co-operative Banks

Beijing News 16 May 2024
In his speech, Swaminathan outlined the Reserve Bank's supervisory expectations and emphasized the crucial role that effective assurance functions play in maintaining the financial stability of banks ...
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Macroeconomic outlook has improved but markets underestimate geopolitical risk, ECB's De Guindos says

CNBC 16 May 2024
Luis de Guindos, vice-president of the European Central Bank, discusses the institution's latest Financial Stability Review and market perceptions of geopolitical risk ... .
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Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says

CNBC 16 May 2024
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions." ... .
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High debt levels put Europe at risk of ‘adverse shocks’, ECB warns

The News International 16 May 2024
File photo of the European Central Bank (ECB) in Frankfurt ... This in turn could “raise borrowing costs further and have negative financial stability effects, including via spillovers to private borrowers and to sovereign bondholders”, it said.
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Commercial property is weak link in euro zone finance, ECB says

Hindustan Times 16 May 2024
FRANKFURT, - Commercial property has become the weak link of the euro zone's financial system, with losses there threatening to hurt banks, insurers and funds, a European Central Bank report showed on Thursday.
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Bank of Cyprus records €133 mn profit after tax, up 40% year on year

Stockwatch 16 May 2024
... recording the best performance in Europe, saying that without financial stability, without healthy banks that can finance the economy, there is no other way for the economy in Cyprus to be financed.
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