Friday, 1 April 2022

Reuters Global Investor: Bank of Canada's Macklem to chair Basel banking committee's oversight body

Bank of Canada's Macklem to chair Basel banking committee's oversight body

The oversight body of the Basel Committee on Banking Supervision (BCBS) said on Friday it has appointed Tiff Macklem as its new chair, effective immediately.

BOJ to keep rates low as strong, not weak, yen still Kuroda's enemy No. 1

Haruhiko Kuroda built a career battling a strong yen and the Bank of Japan governor is unlikely to change course in his final year at the helm, eight sources said, despite political pressure to acknowledge that the weak currency is now a problem.

Indonesia to impose VAT, income tax on crypto assets from May

Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1% each, starting from May 1, a tax official said on Friday, amid a boom in digital asset trading.

Santander's 2022 targets on track as Americas help

Spain's Santander on Friday said it was on track to meet its 2022 profitability target and maintained its mid-term goals thanks to solid performance in the Americas and a recovery in Europe.

UniCredit completes sale of Turkey's Yapi Kredi

UniCredit has finalised the sale of its remaining 18% stake in Turkey's Yapi Kredi Bank to Istanbul-listed Koc Holding , Italy's second-biggest lender said on Friday.

Workers at German public banks clinch pay deal after months of wrangling

A pay increase for tens of thousands of workers at Germany's public-sector banks has been agreed with management, a labour union said, brightening prospects for a wage deal for the private banks after months of wrangling and strikes.

Beware of wartime fake news triggering a run, EU banks told

Banks should beware of fake news that could trigger a run on their deposits, the European Union's banking watchdog said in a warning on Friday about potential fallout from the war in Ukraine.

Worldline takes controlling stake in ANZ's commercial acquiring business

Worldline has bought a controlling stake in ANZ's commercial acquiring business, completing the creation of a 51%-49% joint venture that it will control, theFrench payments company said on Friday.

End of an era in sight as euro area borrowing costs sweep above 0%

When euro zone interest rates turned negative in 2014, fixed income specialist Michael Hampden-Turner recalls having to explain to baffled bond investors how they could be charged to lend money to governments.

Brazil's central bank to postpone payments to banks due to striking workers

Brazil's central bank decided on Wednesday to postpone payments to financial institutions for resources held in accounts from the Pix instant payment system, underscoring mounting risks from striking workers despite the relatively small impact for banks.

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