Banking

Bloomberg China’s central bank injected the most liquidity via open-market operations since January, in a push to ensure ample cash supply ahead of seasonal tightness at year-end. The People’s Bank of China (PBOC) added 280 billion yuan ($40 billion) into the financial system with 7 and 14-day reverse repurchase agreements , while keeping the interest rates unchanged. That came after ...

Bloomberg The Bank of England (BOE) signalled it will focus on the next phase of Brexit negotiations as two policy makers continued to push for an immediate interest-rate cut. Officials said it was too early to tell whether the clearer path for the UK’s departure from European Union (EU) on the back of Boris Johnson’s election win will improve sentiment. ...

Bloomberg Germany will join European peers like France and Poland next year in selling green bonds, tapping rising demand and favourable issuance costs for such debt as it boosts investments to cut carbon pollution. Europe’s benchmark issuer will sell about 10 billion euros of the bonds from mid-year via auctions, “twinning” emissions with regular bonds of the same maturity and ...

Bloomberg With European banking mergers at their lowest on record — and profits slumping — politicians are finally getting more serious about the need for consolidation. German finance minister Olaf Scholz is seeking to persuade European colleagues of the need for a banking union. He called publicly last month for a deposit insurance system that works across the region, a ...

Bloomberg China’s government-bond investors will soon be looking for reassurance from the central bank that there’s plenty of cash in the financial system. The country will see a “liquidity hole” of 2.8 trillion yuan ($400 billion) in January, in large part because people across the nation will withdraw cash for the Lunar New Year holiday, according to Guotai Junan Securities ...

Bloomberg The European Central Bank’s (ECB) Single Supervisory Mechanism will likely lift the ceiling on Greek banks’ holdings of the country’s sovereign bonds, people familiar with the situation said. The supervisory ceiling set in 2015 is expected to be lifted in February, according to the people, who asked not to be named discussing ongoing deliberations. European and national authorities warned ...

Bloomberg The Bank of Thailand held its benchmark interest rate steady at an all-time low and cut its forecasts for economic growth, saying it was gauging whether further efforts were needed to restrain the local currency. The central bank kept its policy rate at 1.25% on Wednesday in a unanimous decision. All 23 economists in a Bloomberg survey predicted a ...

Bloomberg Togo and the World Bank have agreed a $150 million loan to refinance its more expensive debt after the global lender failed to guarantee the initial 300 million euros that the country is seeking. “Due to the refusal of the new board of the World Bank to guarantee the syndicated loans,” Togo has held discussions on a cheaper loan,” ...

Bloomberg Traders have ramped up bets for the Bank of England (BOE) to lower interest rates at the end of 2020 after Prime Minister Boris Johnson reignited fears of a no-deal Brexit. Money markets see an 80% probability of the central bank cutting by 25 basis points in December 2020, up from about 30%. While Johnson’s victory last week fueled ...

Bloomberg Grab Holdings Inc and gaming company Razer Inc will need to demonstrate how their millions of users can help them generate profits if the two technology firms are to win one of Singapore’s coveted virtual banking licenses. That’s because the Monetary Authority of Singapore is putting more emphasis on profitability and strong capital requirements than some other regulators inviting ...