Bank of England Holds Rates at 0.75% By Investing.com
© Reuters. Investing.com – The Bank of England left on hold on Thursday. as it awaits further clarity on Britain’s preparedness for exiting the EU. The BoE left its refinancing …
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Norway Central Bank Hikes Policy Rate to 1.5% vs 1.25% By Investing.com
© Reuters. Investing.com — Norway’s hiked its policy rate to 1.5% from 1.25%, saying that “Growth in the Norwegian economy remains solid, and capacity utilzation is somewhat above a normal …
Read MoreSwiss National Bank Eases Penalty Rate for Banks By Investing.com
© Reuters. Investing.com — The Swiss National Bank left its key interest rate unchanged Thursday but took steps to reduce the penalty that banks pay on excess reserves, a week …
Read MoreECB weighs investigating Deutsche Bank over alleged unauthorized bond purchases: sources By Reuters
FRANKFURT (Reuters) – The European Central Bank is examining whether to open a formal investigation into Deutsche Bank (DE:) for allegedly buying some of its own securities without authorization, two …
Read MorePBOC Drains $20.5 Billion in Bank Liquidity, Keeps Rates on Hold By Bloomberg
© Reuters. PBOC Drains $20.5 Billion in Bank Liquidity, Keeps Rates on Hold (Bloomberg) — The People’s Bank of China drained liquidity from the financial system, signaling that officials remain …
Read MoreSwiss Bank Group Lambasts Negative Rates for Damaging the Economy By Bloomberg
© Reuters. Swiss Bank Group Lambasts Negative Rates for Damaging the Economy (Bloomberg) — The Swiss Bankers Association criticized the central bank’s policy of negative rates, saying it was causing …
Read MoreRussian central bank cuts key rate to 7%, says more cuts possible By Reuters
By Andrey Ostroukh MOSCOW (Reuters) – The Russian central bank cut its key interest rate to 7% on Friday, lowering the cost of borrowing for the third time this year, …
Read MoreBank of Russia Cuts Rate for Third Time, Signals More Easing By Bloomberg
© Reuters. Bank of Russia Cuts Rate for Third Time, Signals More Easing (Bloomberg) — The Bank of Russia pushed through its third consecutive interest-rate cut and said more monetary …
Read MoreCentral Bank Triple Whammy of Woe Leaves FX Bears Nervous of ECB By Bloomberg
© Reuters. Central Bank Triple Whammy of Woe Leaves FX Bears Nervous of ECB (Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade …
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Activist investor Driver Management presses anew for First United Bank to sell itself
(Reuters) – Driver Management Company LLC, an activist investor focused on U.S. banks, renewed calls on Wednesday for First United Corp (FUNC.O), the holding company for Maryland community bank First …
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