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Karen Tso - 2 Gediminas Šimkus - 2 Jack Dorsey - 1 Block - 1 Venezuela — - 1 Edward Siedle - 1 Prosecutors - 1 Cash - 1
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Search resuls for: "Bank of Lithuania"


7 mentions found


☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
  + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com   time to read: +13 min
Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.
Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton
☆ Here's what 12 European Central Bank members said about interest rates this week
  + stars: | 2024-04-19 | by ( Jenni Reid | ) www.cnbc.com   time to read: +7 min
The ECB opted to hold rates steady in April and next meets to vote on monetary policy on June 6. Christine Lagarde, president of the ECBThe ECB's figurehead delivered a firm message that reflected her statements in recent press conferences: markets should expect an interest rate cut soon, barring major surprises. watch nowGabriel Makhlouf, governor of the Central Bank of IrelandMakhlouf said the most recent data sets had shifted his view on rates. "We don't follow the Fed... and now the ECB will be the central bank to be followed," Šimkus said. One could have cut rates way back in March or even April," he continued, adding that he hoped a majority of Governing Council members would back a June cut.
Persons: Kirill Kudryavtsev, Christine Lagarde, Lagarde, CNBC's Sara Eisen, Galhau, Villeroy, Karen Tso, Joachim Nagel, Germany's, Nagel, Robert Holzmann, Mario Centeno, Centeno, Gabriel Makhlouf, Central Bank of Ireland Makhlouf, we've, Makhlouf, Pierre Wunsch, Wunsch, Boris Vujčić, Jerome Powell, Vujčić, Gediminas Šimkus, Bank of Lithuania Šimkus, Šimkus, Edward Scicluna, Central Bank of Malta Scicluna, Kazāks, Bank of Latvia Kazāks, Olli Rehn, Rehn Organizations: Afp, Getty, International, European Central Bank, CNBC, ECB, Bank of France, Council, Austrian Central Bank One, Bank of Portugal, Central Bank of Ireland, National Bank of, Croatian National Bank, Federal, U.S, Bank of Lithuania, Central Bank of, Governing, Bank of Locations: Frankfurt, Germany, New York, ECB's, National Bank of Belgium, U.S, Europe, Central Bank of Malta, Bank of Latvia, Bank of Finland
☆ ECB policymaker says he's expecting 'about three' interest rate cuts this year
  + stars: | 2024-04-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB policymaker says he's expecting 'about three' interest rate cuts this yearGediminas Šimkus , governor of the Bank of Lithuania and ECB policymaker, joins Karen Tso from the IMF Spring Meetings to discuss the rate cuts he expects this year.
Persons: he's, Gediminas Šimkus, Karen Tso Organizations: ECB, Bank of Lithuania, ECB policymaker
☆ Stickiness of euro zone core inflation is concerning, Bank of Lithuania's chairman says
  + stars: | 2023-04-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStickiness of euro zone core inflation is concerning, Bank of Lithuania's chairman saysGediminas Šimkus, chairman of the Bank of Lithuania, discusses the outlook for the euro zone economy, including inflation, which he says is "stickier than many people expected" and has not yet peaked.
☆ Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation
  + stars: | 2023-04-14 | by ( Elliot Smith | ) www.cnbc.com   time to read: +6 min
A sign for the European Central Bank (ECB) outside the bank's headquarters in Frankfurt, Germany, on Thursday, Feb. 2, 2023. Alex Kraus | Bloomberg | Getty ImagesEuropean Central Bank policymakers are reconsidering the path of interest rate hikes in light of last month's banking turmoil, but remain committed to reining in core inflation. However core inflation — which excludes volatile energy, food, alcohol and tobacco prices — rose to an all-time high of 5.7%. But he said policymakers will be examining the data for signs that core inflation is coming down and the bank's medium-term inflation target of 2% is within sight. So yes we are worried about the core inflation not yet peaking," Scicluna said.
☆ Exclusive: Revolut audit queries, skittish regulators complicate its UK licence bid -sources
  + stars: | 2023-04-06 | by ( Stefania Spezzati Amy-Jo Crowley | Stefania Spezzati | Amy-Jo Crowley | ) www.reuters.com   time to read: +5 min
Media coverage of BDO's warning on March 1 prompted immediate questions from financial regulators, a March 6 letter to Reuters from Revolut shows. The letter did not address the banking licence application nor its status. "I would be astonished if the regulators go ahead with the banking licence," he added. Revolut applied for a banking licence about two years ago. With a banking licence, Revolut would become a more established player in the U.K. banking market and be able to draw more customers.
☆ ECB must take 'bold actions' to tackle soaring inflation, official says
  + stars: | 2022-10-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB must take 'bold actions' to tackle soaring inflation, official saysGediminas Simkus, chairman of the Bank of Lithuania, said inflation in the euro area is "intensifying" above medium-term targets from the European Central Bank.
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