Banking

Image for Investor allocations to US equities at record high, to cash at record low, BofA says

Banking

Investor Allocations to US Equities at Record High, to Cash at Record Low, BofA Says

Image for UK pay growth speeds up, adding to worries for Bank of England

Banking

UK Pay Growth Speeds Up, Adding to Worries for Bank of England

Image for Asian shares waver, dollar firms ahead of central bank meetings

Banking

Asian Shares Waver, Dollar Firms Ahead of Central Bank Meetings

Image for French central bank trims growth outlook on political drama

Banking

French Central Bank Trims Growth Outlook on Political Drama

Image for China retail disappoints ahead of busy central bank week

China Retail Disappoints Ahead of Busy Central Bank Week

Date: December 16, 2024

By Wayne Cole and Alun John SYDNEY/LONDON (Reuters) -Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, kicking off a week packed with central bank meetings and major economic data. Figures from China showed retail sales rose just 3.0% in...

Image for Czech central bank will interrupt rate cut path, analysts say: Reuters poll

Czech Central Bank Will Interrupt Rate Cut Path, Analysts Say: Reuters Poll

Date: December 16, 2024

(This Dec. 13 story has been corrected to remove two erroneous bullet points) By Jan Lopatka PRAGUE (Reuters) – The Czech National Bank (CNB) will interrupt its policy-easing cycle next week after a year of consecutive rate cuts, but will return to easing in the first quarter next year, a Reuters poll suggested on Friday....

Image for Intelygenz Merges AI With Finance to Help Banks and Fintech Boost ROI

Intelygenz Merges AI With Finance to Help Banks and FinTech Boost ROI

Date: December 10, 2024

The banking and fintech industries are at a crossroads in the new AI-driven environment. There is an opportunity for rapid deployment, smooth integration, and measurable return on investment (ROI). Traditional banks have legacy systems that need help to keep pace with consumer expectations, while fintech needs help with compliance infrastructure issues. In the middle is...

Image for Bank of England’s Dhingra calls for more interest rate cuts

Bank of England’s Dhingra Calls for More Interest Rate Cuts

Date: December 6, 2024

By David Milliken (Reuters) -The Bank of England needs to cut interest rates further as its policy stance is still very restrictive and is hurting living standards, business investment and potentially longer-term productivity, policymaker Swati Dhingra said on Friday. “A combination of all of those factors – the weak consumption, the weak investment and possible...

Image for Cash draws biggest weekly inflow since March 2023, BofA says

Cash Draws Biggest Weekly Inflow Since March 2023, BofA Says

Date: December 6, 2024

LONDON (Reuters) – Investors ploughed $136.4 billion into cash in the week to Wednesday, the biggest weekly inflow since March 2023, when markets were rattled by a regional banking crisis, according to a report from Bank of America on Friday. They also snapped up $8.2 billion of stocks and $4.9 billion of bonds, but sold...

Image for World Bank wins $100 billion replenishment of fund for poorest countries

World Bank Wins $100 Billion Replenishment of Fund for Poorest Countries

Date: December 6, 2024

By David Lawder (Reuters) -Donor countries have pledged a record $100 billion three-year replenishment of the World Bank’s fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict. The World Bank made the announcement early on Friday in Seoul at a pledging conference for the...