banks

Swiss banks reveal how much Russian money they hold

Swiss banks, prized for their anonymity and safety, made a rare estimation of holdings by Russian clients amid sanctions slapped…

2 years ago

Big banks pump billions into fossil fuels despite net zero pledges – climate group

Large global banks are spending billions on oil and gas projects despite their participation in the Net Zero Banking Alliance…

2 years ago

EU banks get Russia warning

The European Central Bank (ECB), the EU body tasked with regulating the eurozone, has warned financial institutions that they may…

2 years ago

Food banks struggle to feed hungry Americans

California’s Alameda County Community Food Bank had been forced to “make a lot of really tough choices” due to inflation…

3 years ago

Global central banks to boost share of Chinese yuan while reducing US dollar holdings – survey

According to the Global Public Investor survey, published by the London-based Official Monetary and Financial Institutions Forum (OMFIF), 30% of…

3 years ago

Dozens of bodies, many of them buried Covid victims, are washed from banks of India’s Ganges by seasonal floods & float downriver

Grim footage from the last few days shows wrapped corpses surfacing in the waters and being carried down the Ganges,…

3 years ago

Too little too late: Central banks are about 10 years behind the times with their crypto plans, economist tells RT’s Boom Bust

“What’s interesting about this whole question of efficiency of cryptocurrency is its energy consumption or inefficiency that actually minimizes the…

3 years ago

Australian banks ‘urgently investigating’ after online banking apps stop working

Commonwealth Bank, Westpac, and ANZ are working to restore online banking services that have reportedly stopped functioning across the country. “We’re…

3 years ago

‘Know your customer’ indeed! Banks deploy AI systems to monitor customers & employees alike

Speaking to Reuters earlier this week, City National’s chief information security officer Bobby Dominguez tried to put a positive spin…

3 years ago

Global banks bracing for losses amid US hedge fund collapse

The sudden liquidation of the New York-based billionaire Bill Hwang’s Archegos Capital Management ignited a fire sale of more than…

3 years ago