Tag: financial system

• Wednesday, March 22nd 2023 - 10:11 UTC

  Beijing authorities and financial system confirm Chinese economy rebound; PBC increases liquidity

  

  China's economic rebound has been confirmed by a surge in market demand for short-term funds, with liquidity becoming tighter in the inter-banking system, according to the country's financial market data tracker gelonghui.com.

• Friday, October 1st 2021 - 20:00 UTC

  Congressman from Argentina's ruling FdT want bank deposits nationalized, Perón style

  

  National Deputy José Luis Martiarena from the province of Jujuy's Frente de Todos party of President Alberto Fernández Thursday submitted a bill whereby bank deposits would be nationalized “to reform the financial system.”

• Friday, November 13th 2020 - 14:00 UTC

  Chilean financial system at risk by the continuing pandemic, central bank warns

  

  The continuing coronavirus pandemic poses the most significant risk to Chile’s financial system as institutions’ capacity to take mitigating action diminishes, the country’s Central Bank warned in a report on Wednesday.

• Saturday, January 4th 2020 - 09:18 UTC

  China pumps an extra US$ 115bn stimulus to the economy effective Monday

  

  China moved to pump more cash into its financial system, suggesting that Beijing remained concerned about faltering growth despite signs that the world's second-largest economy was stabilizing.

• Monday, June 10th 2019 - 08:37 UTC

  IMF fears the impact on the financial system of the power of a a few giant technology companies

  

  Giant technology companies might cause significant disruption to the world's financial system, the head of the International Monetary Fund has warned. Christine Lagarde said just a few firms with big data access and artificial intelligence could run the global payment and settlement arrangements.

• Thursday, June 6th 2019 - 08:15 UTC

  China injects liquidity to help small banks with cash following the takeover of a troubled lender

  

  Boosting liquidity to the financial system on Thursday, China's central bank signaled its readiness to supply smaller banks with a steady stream of cash after the takeover of a troubled lender, letting more banks access the funds.

• Thursday, January 17th 2019 - 09:08 UTC

  China injects US$ 83bn to the financial system hoping to prop a declining economy

  

  China’s central bank injected a record US$ 83 billion into the country’s financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy. China’s policymakers are pledging to step up stimulus measures this year and do more to protect jobs as economic growth cools to 28-year lows.

• Wednesday, January 31st 2018 - 09:14 UTC

  Top Beijing official warns of risks facing China's “messy” financial system

  

  The level of risk facing China’s financial system could be higher than was seen in the United States before the global crash, according to a former Chinese finance minister. Speaking at a forum in Beijing over the weekend, Lou Jiwei, now chairman of the National Social Security Fund Council, also described the state of China’s financial sector as “messy”.

• Wednesday, April 11th 2012 - 00:38 UTC

  Bernanke says more bank regulation is needed to ensure stable financial system

  

  US Federal Reserve Chairman Ben Bernanke said banks need to have more capital at hand in order to ensure the financial system is stable. Bernanke said regulators were taking steps to force financial institutions to hold higher capital buffers, even if they allow for a long period of implementation to prevent any market disruptions.

• Wednesday, October 6th 2010 - 02:19 UTC

  IMF says financial system remains “Achilles heel of global recovery”

  

  Progress to restore global financial stability has suffered a setback in advanced economies, the International Monetary Fund said in its latest Global Financial Stability Report, with markets still sensitive to negative surprises.