Latest News for: Worlds biggest banks

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Marketmind: Whack-a-mole on markets

FX Empire 25 May 2022
While investors obsess over what the world’s biggest central bank might do next, the uneasy calm prevailing in global markets is under threat ... On currency markets, the New Zealand dollar was the standout gainer, following a 50 basis-point (expected) interest rate rise and a more hawkish tone than expected from the central bank.
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Western Attempts to Blame Russia for Global Food Crisis

GlobalResearch 25 May 2022
Frustratingly for the West though, it is Russia that holds the key in ensuring that the world is not gripped in a food crisis. With war waging in Ukraine and India suffering in a severe heatwave, the World Bank has warned that the world could face its biggest food crisis since the 1970’s because of grain shortages.
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Bailing out the environment

The News International 25 May 2022
Climate change has become a reality ... According to World Bank statistics, high-income countries are historically the biggest emitters of dangerous GHGs ... The Oxford Committee for Famine (Oxfam, 2020) reveals that rich nations that account for 20 per cent of the world population have appropriated atmospheric space of the earth by emitting excessive GHG.
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Could a stronger euro bring relief to global markets?

Moneyweek 24 May 2022
There are a few contenders for the title of “most important price in the world” ... It’s miles behind the dollar in terms of being stockpiled by central banks around the world, but it is the biggest component in the “DXY” index which measures the dollar’s strength against a basket of rival currencies.
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Bank of Korea to raise rates again on May 26, to hit 2.25% by year end – Reuters poll

Metro USA 24 May 2022
Inflation has stayed above the central bank’s target of 2.0% for more than a year ... With the won down this year, the BoK is under some pressure to keep hiking while the world’s biggest central bank is also raising rates, and at the moment, aggressively.
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Bank of Korea to raise rates again on May 26, to hit 2.25% by year ...

FX Empire 24 May 2022
Inflation has stayed above the central bank’s target of 2.0% for more than a year ... Among the first central banks ... With the won down this year, the BoK is under some pressure to keep hiking while the world’s biggest central bank is also raising rates, and at the moment, aggressively.
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Pindrop Wins Gold Stevie® Award in the Safety & Security Category

Kentucky New Era 24 May 2022
It clearly shows how the use of our voice can be used to authenticate ourselves in the virtual world ... Working with some of the world’s biggest banks, insurers, and retailers, Pindrop enables customers to quickly, conveniently, and securely connect to the information and resources they need.
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HSBC suspends banker who joked 'who cares if Miami is underwater' and 'nutjobs warning about ...

The Daily Mail 23 May 2022
HSBC has suspended one of its top bankers over a rant about climate change in which he said 'who cares if Miami is underwater' and 'nutjobs are always warning about the end of world' ... Senior figures at HSBC, one of the biggest banks in the world, have come out to condemn his comments after they sparked a scandal.
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Credit Suisse chair backs CEO Gottstein, says no talks on replacement

Reuters 23 May 2022
ZURICH, May 23 (Reuters) - Credit Suisse (CSGN.S) Chairman Axel Lehmann reiterated on Monday his support for Chief Executive Thomas Gottstein amid investor unrest over whether he is the right man for the job at Switzerland's second-biggest bank ... at the scandal-hit Swiss bank.
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Storm over banker's anti-climate change tirade: HSBC faces calls to sack financier over speech saying ...

The Daily Mail 20 May 2022
A major bank is facing calls to sack one of its top financiers over a climate change tirade he ... HSBC, one of the biggest banks in the world, was forced to condemn his comments he made at a conference on Thursday during a talk called Why Investors Need Not Worry About Climate Risk.
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U.S. banks' 2021 hiring show lenders are seeking talent far beyond Wall Street

Reuters 20 May 2022
Global real estate management company JLL, which manages office buildings for many of the world's biggest banks, found that 51% of all finance jobs filled last year were in Orlando, Dallas, Austin, Tampa, Indianapolis, Nashville, Seattle, Charlotte, Atlanta and Miami.
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Banks Rush To Assure Texas They Like Oil And Gas

Oil Price 20 May 2022
In March, Texas Comptroller Glenn Hager asked 19 financial companies, including the world’s biggest asset ...
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Today in History — May 20

The Post-Star 20 May 2022
On May 20. ... People are also reading… ... citizenships restored after choosing to renounce them during World War II ... 2015 — Four of the world’s biggest banks — JPMorgan Chase, Citigroup’s banking unit Citicorp, Barclays and the Royal Bank of Scotland — agreed to pay more than $5 billion in penalties and plead guilty to rigging the currency markets.
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Today in History: May 20, Lindbergh takes off

Daily Herald 20 May 2022
There are 225 days left in the year ... citizenships restored after choosing to renounce them during World War II ... In 2015, four of the world's biggest banks - JPMorgan Chase, Citigroup's banking unit Citicorp, Barclays and the Royal Bank of Scotland - agreed to pay more than $5 billion in penalties and plead guilty to rigging the currency markets ... .
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Sri Lanka defaults on debt for first time in its history

RNZ 20 May 2022
The governor of the South Asian nation's central bank said the country was now in a "pre-emptive default". Later on Thursday, two of the world's biggest credit rating agencies also said Sri Lanka had defaulted ... Asked on Thursday whether the country was now in default, central bank governor P Nandalal Weerasinghe said.

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