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☆ French, German central bank chiefs urge faster pace on EU capital markets union
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

PARIS, Nov 14 (Reuters) - The war in Ukraine, inflation and the energy crisis have made it more important than ever to press ahead with a capital markets union to finance green and digital transitions, the governors of the French and German central banks said on Monday. "Europe is at the heart of the crisis: Russia’s war against Ukraine, energy crunch, inflation. France and Germany have been at loggerheads over the last month and have postponed a summit to try and resolve their differences. The two said it was vital that the 2015 capital markets union (CMU) initiative launched by the European Union needed to press ahead for financial stability to foster the geographical diversification of funding sources and by strengthening private sector risk sharing through the development of equity funding. "Completing the capital markets union is certainly a long-distance run.

☆ Egyptian startup Blnk raises $32 million in funding round
▼ + stars: | 2022-11-10 | by ( Mahmoud Salama | ) www.reuters.com time to read: +1 min

CAIRO, Nov 10 (Reuters) - Blnk, a fintech platform that enables instant consumer credit in Egypt, has closed one of the country's biggest funding rounds for a startup this year, raising $32 million, its chief executive said. The company, launched in October 2021, raised $23.7 million in equity and debt funding and $8.3 million in securitised bond issuance, co-founder and CEO Amr Sultan told Reuters. The $11.2 million debt funding was secured from a number of leading local banks. The $8.3 million securitised bond issuance was underwritten by National Bank of Egypt and Banque du Caire. The company says it has disbursed more than $20 million in loans to date.

☆ In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents
▼ + stars: | 2022-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +32 min

Others arrange clandestine meetings via Telegram to swap the stablecoin tether for U.S. dollars in order to buy groceries. In Jan., police raided a small crypto mining farm in the hydro-powered town of Jezzine, seizing and dismantling mining rigs in the process. But mining crypto tokens to earn a living is not for everybody. Younes tells CNBC that he initially moved 15% of his money into bitcoin, and he kept the remaining balance in cash. Lebanon has six bitcoin ATMs — one in Aamchit and five in Beirut, according to metrics offered by coinatmradar.com.

Lloyds updated its climate policy to make the change, which bars project financing or reserve-based lending to greenfield oil and gas projects, although the policy would still mean it could provide general lending to companies in the industry. read moreClimate groups welcomed the Lloyds move and called on other British banks to follow suit. "By becoming the first of the five largest UK high street banks to stop the direct financing of new gas, oil, and coal projects, Lloyds is making a clear statement on the future of financing for fossil fuel expansion." Lloyds' exposure to dirty industries is smaller than some of its global rivals, given its focus on Britain's economy. The bank provided about 1 billion pounds ($1.1 billion) of finance to commercial oil and gas customers last year, according to its latest climate disclosures report, and the sector accounted for just 0.2% of its overall lending.

London-based PRI's network of more than 5,000 signatories including Nuveen agree to take steps like urging portfolio companies to disclose more about carbon emissions or workforce diversity. She noted Princeton University recently moved to dissociate its $38 billion endowment from fossil fuel companies. https://bit.ly/3TwDttEA spokesperson for TIAA of New York said it has taken steps including asking portfolio companies to cut emissions. "Large-scale divestments by simply selling fossil-fuel-generating investments to other companies won’t necessarily reduce carbon output," said the spokesperson. Other PRI signatories have also declined to sell off energy stocks.

☆ These 3 Canadian banks offer the most in-demand emerging mobile feature
▼ + stars: | 2022-10-19 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +5 min

This is a preview of Insider Intelligence's 2021 Canada Mobile Banking Emerging Features Benchmark, available exclusively to subscribers. The Canadian banks that offer the most desirable mobile banking app features in 2021 are RBC, TD Canada, and BMO, according to the inaugural Insider Intelligence Canada Mobile Banking Emerging Features Benchmark. The Insider Intelligence 2021 Canada Mobile Banking Emerging Features Benchmark examines the offerings of the seven largest Canadian FIs by assets to determine which banks best meet customer demand for advanced mobile banking features. The Insider Intelligence 2021 Canada Mobile Banking Emerging Features Benchmark ranks the seven largest Canadian financial institutions by assets according to the strength of their mobile banking capabilities. The Canada Mobile Banking Emerging Features Benchmark covers Banque Nationale, BMO, CIBC, Desjardins, RBC, Scotiabank, and TD.

☆ FTX's Sam Bankman-Fried breaks down his 3 favorite use cases for blockchain tech — and explains the role of regulatory oversight in crypto markets
▼ + stars: | 2022-10-13 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried, also known as SBF, is the CEO and cofounder of crypto giant FTX. Sam Bankman-Fried, the CEO and cofounder of crypto giant FTX, broke down three blockchain use cases in an interview at the Bipartisan Policy Center on Wednesday. In traditional equities, per Bankman-Fried, buying a share of a company can take an exuberant amount of time. Crypto regulation is 'necessary' and 'good'The 30-year-old billionaire welcomes regulation, specifically citing clear stablecoin oversight. "Crypto is big enough and starting to touch enough things that it is important to have regulatory oversight. "

☆ Crypto regulation laggards spur arbitrage risk - French central banker
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterFrancois Villeroy de Galhau, Governor of Banque de France, attends the Paris Europlace International Financial Forum in Paris, France, July 12, 2022. REUTERS/Benoit TessierPARIS, Sept 27 (Reuters) - Countries that are slow to build up regulations for crypto assets could create arbitrage risks that players operating globally could exploit, the head of France's central bank said on Tuesday. read moreBut crypto assets, such as cryptocurrencies like bitcoin, are largely still unregulated globally. "We should be extremely mindful to avoid adopting diverging or contradictory regulations, or regulating too late," Villeroy told a conference on digital finance in Paris. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Leigh Thomas.

☆ The British pound is cratering against the dollar. Here's everything you want to know.
▼ + stars: | 2022-09-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

I'm Phil Rosen, and economic signals from our colleagues across the pond are deep in the red to start the week. No frills or tomfoolery today, out of fear that the pound will drop further before we get to the news. FILE PHOTO: British five pound banknotes are seen in this picture illustration Reuters1. Even after its third consecutive 75-basis-point hike last week, all signs point to more to come. What do you think is the Bank of England's best option to stop the pound from falling further?

☆ Stocks could continue skittish trading until interest rate move calms down
▼ + stars: | 2022-09-23 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The S & P 500, Dow and Nasdaq were all down sharply for the week. The S & P was down 4.6%, ending the week at 3,693. Fed Vice Chair Lael Brainard , St. Louis Fed President James Bullard , San Francisco Fed President Mary Daly and Fed Governor Michelle Bowman are among the speakers. Other global central banks joined the Fed in raising rates, and interest rates around the world rose in tandem. If those levels break, the S & P could touch 3,385 before the selling is over, he said.

☆ ECB seeks to cut subsidy to banks as rate hikes leave it on hook, sources say
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +4 min

Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. To fight runaway inflation, the ECB has raised the rate it pays on the 4.6 trillion euros ($4.5 trillion) worth of banks' reserves that exceed requirements from -0.5% to 0.75% in less than two months. The ECB might also change the terms of TLTRO loans, although this would potentially damage the credibility of future programmes and invite legal challenges, the sources added. Any such move is likely to displease banks and might even land the ECB in court. Dutch bank ING saw "disrupting effects on Italian money markets" if the ECB stopped remunerating part of the money borrowed by Italian banks under TLTRO.

☆ These 3 Canadian banks offer the most in-demand emerging mobile features
▼ + stars: | 2021-05-05 | by ( Tyler Brown | ) www.businessinsider.com time to read: +5 min

☆ Минфин перевел Додону на счет в России €20 млн? Что с этим не так
▼ + stars: | 2020-11-12 | by ( ) newsmaker.md time to read: +2 min

В соцсетях появилась информация о том, что со счетов Госказначейства якобы перевели €20 млн на счет президента Игоря Додона в России. x11 ноября в соцсетях появилось фото якобы банковской выписки, из которой следовало, что Госказначейство со своего счета в Нацбанке перевело €19,98 млн на личный счет Игоря Додона, выделенный на счете московской компании «ПЭО» в российском «Альфа-Банке». Сразу после появления этой информации министерство финансов распространило пресс-релиз, в котором говорится: «Минфин опровергает информацию, согласно которой со счетов Госказначейства минфина перевели на личный счет Игоря Додона €20 млн». Странно и то, что речь идет о счете Додона на банковском счете компании «ПЭО». Это компания сына экс-генпрокурора России Игоря Чайки и брата президента Александра Додона, которая занимается переработкой мусора.

Persons: SWIFT, Игорь Додон, Додон, Игорь Чайка, Александр Додон, Вячеслав Негруца, Негруца Organizations: Banque de France, Transparency, Banca, Госказначейства, Минфин, Госказначейство, Нацбанк, ПЭО, АльфаБанке, Центробанк Locations: ., Banque, —, Россия, Франция

☆ Emmanuel Macron Fast Facts
▼ + stars: | 2017-05-21 | by ( Cnn Editorial Research | ) edition.cnn.com time to read: +8 min

CNN —Here is a look at the life of France’s President Emmanuel Macron. During his time as economy minister, he spearheaded the so-called “Macron Law,” which aimed to shake up the economy through labor reform. March 1, 2017 - While at an agricultural fair in Paris, Macron is hit by an egg, which cracks on his head. June 23, 2017 - Macron and former California Governor Arnold Schwarzenegger appear in a video together discussing climate change. In their phone call, Biden and Macron agree to meet in person at the end of next month in Europe.

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