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Author: Editorial Team
Federal Reserve Board releases annual audited financial statements
The Federal Reserve Board has released the 2022 combined annual audited financial statements for the Reserve Banks. An independent public accounting firm engaged by the Board issued unqualified opinions, asserting that its audit found the financial statements for the Board and the Reserve Banks to be free of material misstatements in accordance with the applicable auditing standards. The Board released preliminary income and expense data earlier this year.
Low value international payments to India get faster and more predictable as Swift Go gains momentum
Low value international payments to India get faster and more predictable as Swift Go gains momentum
Mortgage rates continue to slide
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage (FRM) averaged 6.42%.
Fortifying Foundations- Harnessing Innovations – Yogesh Sangle
In this video, which is part of the payment leadership series, Babu Nair, Founder & MD of Financial Technology Frontiers, discusses with Yogesh Sangle, Global Head of Consumer Business at NIUM,
Digital Pilipinas – Engaging Global Facilitating Glocal – Amor Maclang
Amor Maclang, convener of the Philippines Fintech Festival and head of Digital Pilipinas, discusses with Babu Nair, founder of Banking Frontiers and Financial Technology Frontiers, about the marvelous growth opportunities in the fintech sector. She highlights the inspiring work of building newer communities and engaging in global alliances to support the growth of
fintechs from the Philippines and global players in the country. Maclang also shares insights on the in-demand technologies and areas requiring more innovations, as well as the association’s efforts to work with regulators and the government to create a conducive environment for fintechs.
Keep watching for more insights!
Bank of America announces redemption of Senior Notes due April 2024
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.
Coordinated central bank action to enhance the provision of US dollar liquidity
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.
SNB provides liquidity to support UBS’s takeover of Credit Suisse
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.
Bank of America, other banks to make $30bn uninsured deposits into First Republic Bank
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.