 | | | | The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S. central bankers intensify efforts to bring down high inflation. | | | | | | JPMorgan has elevated two senior bankers in its financial institutions group (FIG) to global co-heads of market infrastructure as it seeks to bolster its sprawling financial services franchise, according to a memo seen by Reuters. | | | | | | The U.S. Treasury Department said on Wednesday it would continue reducing its coupon issuance across all maturities in the coming quarter, with the largest cuts coming in the seven-year and 20-year maturities. | | | | | | China's central bank on Wednesday pledged monetary policy support to ensure ample liquidity, help businesses badly hit by the latest COVID-19 outbreak in the country and support a recovery in consumption. | | | | | | Goldman Sachs Group Inc will appoint Simon Denny as the head of its Johannesburg office and chief executive officer of Goldman Sachs International Bank Johannesburg branch, the bank said in a statement. | | | | | | Barclays Chairman Nigel Higgins said he was still investigating the circumstances that led to a multi-million dollar trading error but expects to find that the lender "made some mistakes on simple tasks", he said on Wednesday. | | | | | | A jump in U.S. real yields back into positive territory is a sign that a hawkish Federal Reserve is succeeding in tightening some financial conditions, but the jury is still out on how much of an impact higher rates will have on inflation. | | | | | | Russia's central bank provided banks with all 550 billion roubles ($7.99 billion) on offer at a one-week repo auction on Wednesday, facing demand of 1.3 trillion roubles, in a move to help lending institutions manage their liquidity. | | | | | | A long-awaited U.S. "open banking" rule that could dramatically boost consumer finance competition and increase Americans' access to financial services is being held up by privacy concerns, according to five people with knowledge of the matter. | | | | | | Uzbekistan will allow companies to mine cryptocurrencies using solar energy and will exempt all crypto operations by domestic and foreign companies from income tax, according to a presidential decree published this week. | | | | | |
