Fed’s Brainard: We can’t take global status of U.S. dollar for granted
May 26 (Reuters) – The world is moving rapidly toward increasing use of digital payments and an official digital version of the U.S. dollar could...
Analysis: Banks face reversal of fortune from war and runaway inflation
New era of rising rates renews focus on lending risks Policymakers run recession gauntlet to curb inflation War, geopolitics threaten long-lasting economic pain LONDON/BERLIN, May...
U.S. Treasury’s Yellen, White House say World Bank needs major ‘reboot’
U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System,” on Capitol Hill in...
Russia’s Sberbank, Alfa Bank say new U.S. sanctions won’t have significant impact
Sberbank logo and Russian flag are seen through broken glass in this illustration taken March 1, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access...
China’s largest banks signal tough times ahead
A security guard wearing a mask following the coronavirus disease (COVID-19) outbreak is seen near the Bank of China in Beijing, China, October 19, 2020....
Goldman, JPMorgan unwind Russia business, EU banks disclose more exposures
Credit Suisse, Deutsche Bank detail Russia exposure Financial firms scramble to distance themselves from Russia BNP Paribas cuts Russia workforce off from systems LONDON/NEW YORK,...
Global banks eschew risk as they navigate Russia sanctions quagmire
WASHINGTON/HONG KONG, March 2 (Reuters) – Faced with an unprecedented level of sanctions on Russia, global banks are taking a dim view of business with...
Russian economic collapse will be hard to avoid
People stand in line to use an ATM money machine in Saint Petersburg, Russia February 27, 2022. Register now for FREE unlimited access to Reuters.com...
Russia ramps up aid to banks, forex market after invasion of Ukraine
People walk past the Central Bank headquarters in Moscow, Russia February 11, 2019. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Russian...
Ukraine crisis complicates ECB’s path to higher rates
Workers maintain the huge Euro logo in front of the headquarters of the European Central Bank (ECB) in Frankfurt, December 6, 2011. REUTERS/Ralph Orlowski Register...