banking
Banking
Explore the latest data on bank branch and ATM availability, highlighting trends in openings and closures across the network
Banking
Transparency, Accountability and Collaboration: Harnessing the power of artificial intelligence in banking
Banking
BOJ produces estimates on how future rate hikes affect earnings
Banking
Kazakhstan’s and Halyk Bank’s Digital Renaissance: Bridging Tradition and Technology
Dollar steady, yen hovers near 5-month low on BOJ caution
Date: December 27, 2024
By Kevin Buckland and Greta Rosen Fondahn TOKYO (Reuters) -The dollar firmed on Friday at the end of a holiday-thinned trading week, while the yen hovered near a five-month low as traders chewed over contrasting messaging from a hawkish U.S. Federal Reserve and a cautious Bank of Japan. Traders are now betting U.S. rates will...
Yen hovers near 5-month low as BOJ’s cautious stance weighs
Date: December 27, 2024
By Kevin Buckland TOKYO (Reuters) – The yen hovered near a five-month low to the dollar on Friday as the U.S. Federal Reserve’s hawkish messaging contrasted with the Bank of Japan’s cautious approach to further policy tightening. The yen traded at 157.725 per dollar as of 0030 GMT, edging up 0.1% from Thursday, but still...
World Bank raises China’s GDP forecast for 2024, 2025
Date: December 26, 2024
(Reuters) – The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year. The world’s second-biggest economy has struggled this year, mainly due to a property crisis and...
Navigating the Future of Banking: Insights from Producers Savings Bank
Date: December 26, 2024
The role of technology in banking has never been more critical, especially as financial institutions navigate an evolving landscape defined by rising customer expectations, regulatory challenges, and increasing competition. Producers Savings Bank (Producers Bank), a significant player in the Philippine banking sector, has been at the forefront of embracing technology to meet these challenges head-on....
Exclusive-Mexico central bank could weigh rate cut of 25 or 50 bps in February, deputy governor says
Date: December 26, 2024
By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s central bank board could discuss a rate cut of either 25 basis points or 50 basis points in its next decision in February, Deputy Governor Jonathan Heath told Reuters, even as he warned of growing uncertainty regarding U.S. trade. Heath stipulated that the final decision would...
World bank raises China’s GDP forecast for 2024, 2025
Date: December 26, 2024
(Reuters) – The World Bank on Thursday said it raised its forecasts for China’s gross domestic product growth for 2024 and 2025 to account for the effect of recent policy easing and near-term export strength. China’s GDP growth is now expected at 4.9% in 2024 versus 4.8% that the group had earlier projected, the World...