DAYTON, Ohio (Reuters) – Federal Reserve Chair Jerome Powell, at a ceremonial swearing-in as head of the central bank, said on Tuesday the Fed would keep watching for financial stability risks and
MAGNITOGORSK, Russia (Reuters) – Hackers stole more than 1 billion roubles ($17 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official said on
BEIJING (Reuters) – China’s central bank on Tuesday named JPMorgan Chase & Co. as yuan clearing bank in the United States, as Chinese authorities seek to boost global use of the yuan.
By Leika Kihara
SHANGHAI (Reuters) – China’s banks are under pressure to keep the scale of new yuan lending constant this week as regulators try to curb loan growth ahead of the Lunar New Year holiday, financial
ZURICH (Reuters) – Credit Suisse faces a U.S. class action lawsuit over $1 billion in writedowns it took in 2015 and 2016 linked to its trading division, Swiss newspaper SonntagsZeitung reported on
MOSCOW (Reuters) – This year’s soccer World Cup will bring a small boost to the Russian economy but could also cause a short-term spike in inflation, the Russian central bank said on Monday.
NEW YORK (Reuters) – Two units of Japan’s Mitsubishi UFJ Financial Group Inc (“MUFG”) agreed to pay $30 million to end private U.S. antitrust litigation claiming they conspired with other
By Kevin Yao and Fang Cheng