The Federal Reserve is turning to money managers BlackRock and Pacific Investment Management Co. (Pimco) to help it handle bond investments and the purchase of...
All of the banks in Aruba have switched to instant payments (IP) through the use of the Clearing and Settlement Mechanism (IP CSM) of the...
China’s central bank gave Mastercard the go-ahead on Tuesday (Feb. 11) to set up a bank card clearing business, granting access to a $27 trillion...
In today’s top news, Chinese tech investments in the U.S. have plummeted in recent years, and ransomware cyberattacks have skyrocketed. Also, Karen Webster compares Uber’s...
In today’s top news, Uber drops upfront pricing in California in response to the state’s new gig economy law, and the central bank in China...
Digital currencies, yes – but with limits. According to a paper that debuted this week from the European Central Bank (ECB), central bank currencies in...
The Russian central bank is in the process of introducing debt guidelines to help companies stave off widespread risk as early as possible, Elizaveta Danilova,...
With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central bank digital currency...
This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13 percent of the...