Recent Posts

ECB expects higher reinvestments to cushion end of bond buying programme

Bloomberg The European Central Bank is expecting to plow at least 160 billion euros ($185 billion) of maturing debt back into bonds next year and could consider relaxing the rules on buying, according to euro-area officials familiar with the matter. Such prospects would reduce the risk of market volatility that could undermine the economy after the ECB completes net asset ...

Read More »

China to unleash $108bn in reserves cut for banks

Bloomberg China’s central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan ($108 billion) of liquidity, as it seeks to control leverage and support smaller companies. The required reserve ratio for some banks will drop by 0.5 percentage point, effective July 5, the People’s Bank of China said on its website. ...

Read More »

BMO Harris Bank revamps digital operations in US

Bloomberg Bank of Montreal is revamping its US digital operation and targeting small businesses in the Midwest to boost growth at its BMO Harris Bank lender. The new US strategy, which emphasises mobile apps to woo more retail customers, is part of the changes being introduced by Erminia “Ernie” Johannson, who relocated to Chicago from Toronto after being appointed group ...

Read More »