Interbank

Latest articles

5h
The Register
Mastercard blockchain: MEEELLIONS. Opening up the API: PricelessB2B payment flows – account-based, blockchain-based and card-based payments...
The Register / Posted 5 hours ago
B2B payment flows – account-based, blockchain-based and card-based payments... The range of use cases here are B2B interbank payments, tracking trade finance obligations along the value chain, exchanging KYC/ALM data between trusted... Read more
12h
Manila Standard Today
How to make work matter more for the LGBTQ+ communitythem in the future. Another important milestone is its affiliation with the Ph
Manila Standard Today / Posted 12 hours ago
them in the future. Another important milestone is its affiliation with the Philippine Financial Industry Pride, the first interbank organization promoting diversity and inclusion in the workplace for global financial organizations in the... Read more
15h
The Irish Times
Tracker scandal: is your bank playing fair...or not?industry-wide tracker mortgage examination, he said. The affected customers wer
The Irish Times / Posted 15 hours ago
industry-wide tracker mortgage examination, he said. The affected customers were charged the wrong rate, linked to European interbank lending rates. “The first step we are taking to rectify these accounts is to apply the correct interest rate in... Read more
22 related articles
17h
The Irish Times
Tracker mortgage overview: Which banks are playing ball?industry-wide tracker mortgage examination, he said. The affected customers wer
The Irish Times / Posted 17 hours ago
industry-wide tracker mortgage examination, he said. The affected customers were charged the wrong rate, linked to European interbank lending rates. “The first step we are taking to rectify these accounts is to apply the correct interest rate in... Read more
22 related articles
20h
dna
BRICS takes the lead in technological innovation rageacknowledges that trade plays a crucial role in the global economic growth and
dna / Posted 20 hours ago
acknowledges that trade plays a crucial role in the global economic growth and prosperity. Therefore, the BRICS Interbank Cooperation Mechanism continues playing an important role in supporting BRICS economic and trade cooperation.... Read more
1d
Reuters
Surging wages lead to monetary tightening in Central Europetools to drive longer government bond yields lower. Deputy governor Marton Nag
Reuters / Posted yesterday
tools to drive longer government bond yields lower. Deputy governor Marton Nagy said on Friday that the 3-month BUBOR interbank market rate could stay at its current levels near zero until early 2019 and real interest rates -- adjusted for... Read more
5 related articles
1d
Business Standard India
Hong Kong stocks suffer biggest fall in 2 months as property shares tumbleas Hong Kong braces for another rate hike by the U.S. Federal Reserves," Yip sa
Business Standard India / Posted yesterday
as Hong Kong braces for another rate hike by the U.S. Federal Reserves," Yip said, pointing to a recent increase in interbank rates. Hong Kong's one-month interbank rate rose to 0.59% on Thursday, nearing the eight-month peak hit on Oct... Read more
1d
EuroNews
Surging wages lead to monetary tightening in Central Europetools to drive longer government bond yields lower. Deputy governor Marton Nagy
EuroNews / Posted yesterday
tools to drive longer government bond yields lower. Deputy governor Marton Nagy said on Friday that the 3-month BUBOR interbank market rate could stay at its current levels near zero until early 2019 and real interest rates — adjusted for... Read more
1d
EuroNews
Australia jobs growth speeds ahead, nudges unemployment lowera fifth of a U.S. cent to $0.7864 and led investors to further push out the tim
EuroNews / Posted yesterday
a fifth of a U.S. cent to $0.7864 and led investors to further push out the timing of any increase in interest rates. Interbank futures <0#YIB:> are not fully priced for a rate hike until November next year. The data should offer reassurance... Read more
2 related articles
1d
Reuters
Australia jobs grow at fastest pace since 2008, inflation still lagsof a U.S. cent to $0.7864 on jobs data that led investors to further push out t
Reuters / Posted yesterday
of a U.S. cent to $0.7864 on jobs data that led investors to further push out the timing of any increase in interest rates. Interbank futures <0#YIB:> are not fully priced for a rate hike until November next year. Economists expect hiring to remain... Read more
2 related articles
1d
Reuters
Australia jobs growth speeds ahead, nudges unemployment lowera fifth of a U.S. cent to $0.7864 and led investors to further push out the tim
Reuters / Posted yesterday
a fifth of a U.S. cent to $0.7864 and led investors to further push out the timing of any increase in interest rates. Interbank futures <0#YIB:> are not fully priced for a rate hike until November next year. The data should offer reassurance... Read more
2 related articles
1d
Zero Hedge
The Dollar Funding Shortage: It Never Went Away And It's Starting To Get Worse Againnoted a number of advantages of such a system and recent Fed research has highl
Zero Hedge / Posted yesterday
noted a number of advantages of such a system and recent Fed research has highlighted that abundant reserves can smooth interbank payments, reduce daylight overdrafts at the Fed, and lead to less discount window usage. A "floor" system would... Read more
2d
Swissinfo
Tom Hayes Can Appeal Confiscation of $2.5 Million Home in U.K.was ordered to pay the penalty in March 2016 after he became the first person t
Swissinfo / Posted 2 days ago
was ordered to pay the penalty in March 2016 after he became the first person to be convicted for rigging the London interbank offered rate, or Libor, in 2015. He was initially sentenced to 14 years in prison, reduced to 11 on appeal. Libor... Read more
2d
San Antonio Express-News
The one man in Dallas that helps decide your mortgage, auto, student loan rateschanges to the federal funds rate spreads far and wide because it also effects
San Antonio Express-News / Posted 2 days ago
changes to the federal funds rate spreads far and wide because it also effects other key rates, including the London Interbank Offering Rate and prime rate. Credit card companies, auto lenders, student loan providers and banks all use LIBOR... Read more
2d
The Hindu
Rupee pares initial gains in late-morning dealsbuying by banks and exporters. The rupee opened higher by 7 paise at 64.95 as
The Hindu / Posted 2 days ago
buying by banks and exporters. The rupee opened higher by 7 paise at 64.95 as against yesterday’s level of 65.02 at the interbank forex market (Forex) market. The Indian rupee had recovered by 9 paise to 64.93 on initial selling of dollars by... Read more
2d
AllAfrica.com
Did Uganda Miss $38 Million in Tax From Actis-Umeme Deals?to attract a loan of $25 million from IFC. The interest rate on the IFC loans a
AllAfrica.com / Posted 2 days ago
to attract a loan of $25 million from IFC. The interest rate on the IFC loans are usually charged according to the London Interbank Rate. The IFC loan was charged at five per cent. By 2011, this entire loan had been drawn down. In late 2012, IFC... Read more
3d
Reuters
Bank of Canada, TMX to test blockchain for securities settlementthat the central bank launched last year. Earlier phases focused on experimenti
Reuters / Posted 3 days ago
that the central bank launched last year. Earlier phases focused on experimenting with clearing and settling high-value interbank payments using distributed ledgers. The new phase will test the technology’s ability to settle multiple assets on... Read more
3d
Reuters
Kansas City Fed favored hiking discount rate in September: minutesdiscount rate, charged on emergency loans, usually moves in lockstep with the c
Reuters / Posted 3 days ago
discount rate, charged on emergency loans, usually moves in lockstep with the central bank’s main target rate for interbank lending, which is currently a range of between 1 percent and 1 1/4 percent. The Fed is widely expected to raise... Read more
3d
Bangor Daily News
North Korea warns nuclear war could ‘break out any moment’Systems researchers said Monday. While the bank said most of the money was reco
Bangor Daily News / Posted 3 days ago
Systems researchers said Monday. While the bank said most of the money was recovered, it’s the latest case in which Swift — the interbank messaging system used for money transfers — was used to facilitate the theft of funds from a banking instituti... Read more
2 related articles
3d
Brainerd Dispatch
North Korea warns that nuclear war could break out 'at any m...researchers said on Monday. While the bank said most of the money was recovered
Brainerd Dispatch / Posted 3 days ago
researchers said on Monday. While the bank said most of the money was recovered, it's the latest case in which Swift -- the interbank messaging system used for money transfers -- was used to facilitate the theft of funds from a banking... Read more
2 related articles
4d
Reuters
JPMorgan launches payments network using blockchain technologymaintained by a network of computers on the internet, is the technology that un
Reuters / Posted 4 days ago
maintained by a network of computers on the internet, is the technology that underpins cryptocurrency bitcoin. The Interbank Information Network will allow payments to reach beneficiaries faster with fewer steps and better security,... Read more
4d
AllAfrica.com
External Reserves Rise to $33.11bn Highest Since 2015economy", he explained. However, the Naira on Friday closed at N362 against th
AllAfrica.com / Posted 4 days ago
economy", he explained. However, the Naira on Friday closed at N362 against the dollar at the parallel market rate and N360.25 against the dollar at the interbank rate. Similarly, the naira at the Bureau De Change segment was trading at N363/dol... Read more
3 related articles
4d
AllAfrica.com
CBN Pumps $306 Million Into Forex MarketPlayers in the retail segment of the Nigerian interbank foreign exchange (forex
AllAfrica.com / Posted 4 days ago
Players in the retail segment of the Nigerian interbank foreign exchange (forex) market received a $306.3 million boost from the Central Bank of Nigeria (CBN) on Friday, following bids received from forex dealers by the Bank. This is just as the... Read more
3 related articles
4d
asianage
Rupee ends at three-week high of 64.93 against dollaralongside continued unwinding of long-dollar positions created by speculative t
asianage / Posted 4 days ago
alongside continued unwinding of long-dollar positions created by speculative traders also played a key role. At the Interbank Foreign Exchange (forex) market, the rupee opened a tad higher at 65.37 from last Friday's close of 65.38 on stray... Read more
6 related articles
4d
asianage
Rupee climbs to 1 week high of 65.08 on dovish Fed minutes-- industrial production (IIP) for August and consumer inflation for September
asianage / Posted 4 days ago
-- industrial production (IIP) for August and consumer inflation for September -- to be released later in the day. At the Interbank Foreign Exchange (forex) market, the home currency opened a tad higher at 65.13 from overnight close of 65.14. It... Read more
6 related articles
4d
asianage
Rupee spurts 25 paise against dollar in early tradeMumbai: The rupee appreciated by another 25 paise to 64.68 against the US curre
asianage / Posted 4 days ago
Mumbai: The rupee appreciated by another 25 paise to 64.68 against the US currency in early trade at the interbank forex market on Monday on dollar selling by banks and exporters. Stock markets opening with gains bolstered the rupee sentiment, a... Read more
6 related articles
4d
The Hindu
Rupee spurts 25 paise against dollar in early tradeThe rupee appreciated by another 25 paise to 64.68 against the US currency in e
The Hindu / Posted 4 days ago
The rupee appreciated by another 25 paise to 64.68 against the US currency in early trade at the interbank forex market on dollar selling by banks and exporters. Stock markets opening with gains bolstered the rupee sentiment, a currency trader... Read more
6 related articles
5d
Gulf News
Africa drives Access Bank’s trade finance growthrates when they let currency dealers quote naira levels used in actual trades.
Gulf News / Posted 5 days ago
rates when they let currency dealers quote naira levels used in actual trades. The move immediately weakened the naira’s interbank price 14 per cent to about 365 per dollar, near the parallel market rate, with the currency trading.While exchange... Read more
7d
Business Standard India
Rupee scales 3-week high of 64.93 on encouraging macro datastart at 64.95 against yesterday's close of 65.08, the rupee maintained its ove
Business Standard India / Posted 7 days ago
start at 64.95 against yesterday's close of 65.08, the rupee maintained its overall strength as trading progressed at the Interbank Foreign Exchange (forex) market on heavy dollar unwinding. It kept momentum going to hit a fresh intra-day high of... Read more
7d
Market Watch
Citigroup, Deutsche, HSBC agree Libor settlementpaid billions of dollars in penalties to resolve similar criminal and civil cas
Market Watch / Posted 7 days ago
paid billions of dollars in penalties to resolve similar criminal and civil cases accusing them of manipulating the London interbank offered rate, or Libor, which is calculated based on submissions from a panel of banks. Libor, which is being... Read more
8d
Channel NewsAsia
Singapore central bank, bank association, Accenture in blockchain tieof Singapore (MAS) and the Association of Banks in Singapore (ABS) to manage an
Channel NewsAsia / Posted 8 days ago
of Singapore (MAS) and the Association of Banks in Singapore (ABS) to manage and develop a blockchain-based platform for interbank payments. Blockchain, a digital ledger of transactions, leaped to prominence as the technology that underpins the... Read more
8d
Reuters
Singapore central bank, bank association, Accenture in blockchain tie-upof Singapore (MAS) and the Association of Banks in Singapore (ABS) to manage an
Reuters / Posted 8 days ago
of Singapore (MAS) and the Association of Banks in Singapore (ABS) to manage and develop a blockchain-based platform for interbank payments. Blockchain, a digital ledger of transactions, leaped to prominence as the technology that underpins the... Read more
9d
asianage
Rupee gains 14 paise to end at 65.14 ahead of macro dataits decline on the back of lower Treasury yields. The rupee opened higher at 65
asianage / Posted 9 days ago
its decline on the back of lower Treasury yields. The rupee opened higher at 65.22 compared to last close of 65.28 at the Interbank Foreign Exchange (Forex) market largely driven by adequate dollar supply. It strengthened further to hit an... Read more
9d
Scoop.co.nz
FMA encourages financial institutions to trade bank billsin the market. Those rates came under scrutiny after major global banks were fi
Scoop.co.nz / Posted 9 days ago
in the market. Those rates came under scrutiny after major global banks were fined for fixing benchmarks such as the London Interbank Offered Rate (LIBOR). Currently, Bank of New Zealand, ANZ Bank New Zealand, ASB Bank, Westpac New Zealand, Kiwibank... Read more
11d
Market Watch
Price of bitcoin will collapse, says economist who wrote the book on currenciesbillion, versus $72 billon for bitcoin. Ripple, a platform championed by the ba
Market Watch / Posted 11 days ago
billion, versus $72 billon for bitcoin. Ripple, a platform championed by the banking sector to slash transaction costs for interbank and overseas transfers, is a distant third at $9 billion. Behind the top three are dozens of fledgling... Read more
11d
Reuters
PBOC official says China's RRR cut won't alter resolve to lower risk: state mediawhich have appealed for an easing of monetary policy, do feel liquidity stress
Reuters / Posted 11 days ago
which have appealed for an easing of monetary policy, do feel liquidity stress during the (anti-leverage) campaign to tame interbank borrowing in order to prevent systemic risks,” he added. China’s move comes after the U.S. Federal Reserve said it... Read more
12d
The Hindu
Why do we need external benchmarks while pricing loans?(CBLO) rate, market repo rate, 14-day term repo rate, G-sec yields, T-Bill rate
The Hindu / Posted 12 days ago
(CBLO) rate, market repo rate, 14-day term repo rate, G-sec yields, T-Bill rate, certificates of deposit (CD) rate, Mumbai interbank outright rate (MIBOR), Mumbai inter-bank forward offer rate (MIFOR), overnight index swap (OIS) rate, Financial... Read more
14d
Business Standard India
Rupee plunges 24 paise to 65.38 on dollar surgeAmerican currency from domestic oil firms and foreign banks likely on behalf of
Business Standard India / Posted 14 days ago
American currency from domestic oil firms and foreign banks likely on behalf of clients also dampened rupee trade. At the Interbank Foreign Exchange (forex) market, the home currency resumed substantially lower at 65.22 compared to Thursday's... Read more
10 related articles
14d
The Hindu
Rupee plunges 24 paise to 65.38 on dollar surgeAmerican currency from domestic oil firms and foreign banks likely on behalf of
The Hindu / Posted 14 days ago
American currency from domestic oil firms and foreign banks likely on behalf of clients also dampened rupee trade. At the Interbank Foreign Exchange (forex) market, the home currency resumed substantially lower at 65.22 compared to Thursday’s... Read more
10 related articles
15d
Gulf News
Saudi Arabia’s economic reforms gain traction: IMFit will remain at a comfortable level.Credit and deposit growth are weak and ar
Gulf News / Posted 15 days ago
it will remain at a comfortable level.Credit and deposit growth are weak and are only expected to recover gradually. Interbank interest rates, which spiked higher during 2016, have fallen, and liquidity in the banking system is at adequate... Read more
2 related articles
15d
Reuters
Fed's Powell says more U.S. regulation not always the answerthat has proposed ways to clean up bad behavior in recent years, including big
Reuters / Posted 15 days ago
that has proposed ways to clean up bad behavior in recent years, including big banks’ illegal manipulation of the London interbank offered rate, or Libor, and of the foreign exchange spot market. Regulations require banks “to hold larger amounts... Read more
15d
Business Wire
Payments Landscape in Hong Kong: Opportunities and Risks to 2021processing system has intensified. In line with this the Hong Kong Monetary Aut
Business Wire / Posted 15 days ago
processing system has intensified. In line with this the Hong Kong Monetary Authority (HKMA) is working with Hong Kong Interbank Clearing to launch the Faster Payment System in 2018. Currently, the Hong Kong Dollar Clearing House Automated... Read more
16d
The Hindu
Rupee rebounds to 1-week high of 65.01; zooms 49 paiserose 55 points at 9,914.90. The rupee opened on a strong note at 65.37 as comp
The Hindu / Posted 16 days ago
rose 55 points at 9,914.90. The rupee opened on a strong note at 65.37 as compared to Tuesday’s close of 65.50 at the Interbank Foreign Exchange (Forex) market and maintained its buoyant momentum throughout the day amid easing dollar... Read more
10 related articles
16d
Gulf News
Saudi central bank paints rosy picture of economyforward foreign exchange market, and that there was no concern about banks’ bad
Gulf News / Posted 16 days ago
forward foreign exchange market, and that there was no concern about banks’ bad loans.Asked about the direction of Saudi interbank money rates (Saibor), Ayman Al Sayari, deputy central bank governor for investment, said: “Today’s levels reflect... Read more
16d
AllAfrica.com
Digital Financial Products Re-Define Service Deliveryprovided link services that improve the lives of millions of Kenyans," said Mr
AllAfrica.com / Posted 16 days ago
provided link services that improve the lives of millions of Kenyans," said Mr Olaka. KBA recently introduced PesaLink, an interbank real time money transfer service. The service launched in February, has already reached more than three million... Read more
16d
AllAfrica.com
CBN Sustains Forex Intervention With $195 Millionsustain foreign exchange (forex) liquidity in the country, the Central Bank of
AllAfrica.com / Posted 16 days ago
sustain foreign exchange (forex) liquidity in the country, the Central Bank of Nigeria (CBN) on Tuesday intervened in the interbank forex market to the tune of $195 million. Figures released by the Bank showed that it offered the total sum of... Read more
16d
The Economic Times
What changed your market while you were asleepto close at 65.50 against a resurgent dollar amid rising expectations of a rate
The Economic Times / Posted 16 days ago
to close at 65.50 against a resurgent dollar amid rising expectations of a rate hike by the US Federal Reserve. At the interbank foreign exchange market, the rupee opened lower at 65.65 against last weekend’s close of 65.28 on heavy dollar... Read more
17d
Finance Asia
The Philippines: A running case study on monetary policy?peso weakened slightly on Monday to Ps45.510 as forex traders acted more like s
Finance Asia / Posted 17 days ago
peso weakened slightly on Monday to Ps45.510 as forex traders acted more like spectators than speculators in the countrys Philippine Dealing System PDS through which the interbank market executes currency trades. The days volume was only $56 mill... Read more
17d
The Economic Times
Rupee falls 22 paise as focus shifts to RBI meetAt the interbank foreign exchange market, the rupee opened with lower at 65.65
The Economic Times / Posted 17 days ago
At the interbank foreign exchange market, the rupee opened with lower at 65.65 against last weekend close of 65.28 on heavy bouts of dollar demand, despite strong equities. The domestic currency regained some lost ground at the fag-end to settle at... Read more
10 related articles
17d
The Hindu
Rupee loses steam as focus shifts to RBI meet; down 22 paiseclose at ₹65.50 against the resurgent dollar amid rising expectations of a rate
The Hindu / Posted 17 days ago
close at ₹65.50 against the resurgent dollar amid rising expectations of a rate hike by the U.S. Federal Reserve. At the interbank foreign exchange market, the rupee opened with lower at ₹65.65 against last weekend close of ₹65.28 on heavy bouts... Read more
10 related articles
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