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BOJ must take into account side-effects of easy policy – regional bank head

TOKYO, March 13 (Reuters) – Risks surrounding Japan’s economy are heightening but the central bank must take into account the side-effects of its ultra-loose monetary policy, the head of the country’s regional bank lobby said on Wednesday. “The BOJ said Read more ›

British banks’ new disputes service too limited, MPs say

LONDON (Reuters) – Big British banks have been criticised by lawmakers for pressing ahead with plans for a new complaints service for small firms wronged by lenders, which they argue is too soft. FILE PHOTO: The City of London from Read more ›

Nigeria’s Buhari launches re-election bid with corruption still in focus

ABUJA, Nov 18 (Reuters) – Nigerian President Muhammadu Buhari launched his manifesto on Sunday, hoping his anti-corruption agenda can win him a second term at a Feb. 16 election. Buhari, a military ruler in the early 1980s, in 2015 became Read more ›

Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

(Reuters) – Wells Fargo & Co (WFC.N) is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported on Thursday citing people familiar with the matter. FILE PHOTO: The sign at a Wells Read more ›

German digital bank N26 launches in Britain, sets sights on U.S.

LONDON (Reuters) – Berlin-based digital bank N26 launched in Britain on Thursday and will open in the United States in the first quarter of next year, its Chief Executive told Reuters. FILE PHOTO: Valentin Stalf, Founder and CEO of the Read more ›

Britain to probe £4.1 billion ‘rip-off’ of telecoms, financial customers

LONDON (Reuters) – Telecoms and financial services companies face an investigation by Britain’s competition regulator after consumer body Citizens Advice complained that customers who do not switch providers were being “ripped off” . A businessman talks on his mobile phone Read more ›

UPDATE 1-Sudan’s central bank to print 100-pound banknotes for first time

(Adds background) KHARTOUM, Sept 30 (Reuters) – Sudan’s central bank will start printing 100 pound bank notes for the first time as it struggles to deal with a liquidity crisis and rampant inflation, state news agency SUNA said on Sunday. Read more ›

U.S. fintech Stripe valued at $20 billion in latest funding round

(Reuters) – U.S. payments firm Stripe said on Wednesday it has raised $245 million in a new round of funding, valuing the company at $20 billion. Stripe will use the funds to improve its key areas, including rapidly expanding its Read more ›

COLUMN-Central banks straightjacketed by sheer scale of U.S. bond holdings: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever LONDON, Sept 21 (Reuters) – Few have flexed their muscles in the U.S. bond market over the last 15 years quite like foreign central Read more ›

U.S. regulators order Bank of America to pay $30 million penalty

WASHINGTON (Reuters) – U.S. regulators ordered Bank of America (BAC.N) on Wednesday to pay a $30 million civil penalty for what it called attempted manipulation of the swaps and derivatives benchmark. FILE PHOTO: A Bank of America logo is seen Read more ›