Cryptocurrencies could eliminate banking's easiest moneymaker

If the measure of a currency's importance is how much it's used to actually buy and sell things, digital currencies like Bitcoin and Ethereum have barely gotten off the ground. And Facebook's proposed entry, Libra, has run ...

Central banks are waking up to climate change dangers

The impact of climate change on the stability of individual financial institutions and the financial system in general is growing. It influences the types of activities that financial institutions will fund and the cost of ...

Negative interest rate policies are backfiring: new research

Negative interest rate policies—where nominal rates are set below zero percent—have been introduced in Europe and Japan to stimulate flagging economies but research from the University of Bath shows the unconventional ...

ECB charts path for new stimulus

The European Central Bank signaled Thursday it could unleash a new stimulus package and slash rates further, in a bid to shore up stubbornly low inflation and kickstart sluggish growth in the eurozone.

US central bank to study Facebook virtual currency

The US Federal Reserve has created a "working group" that is coordinating with government agencies and other central banks to consider the implications of Facebook's planned virtual currency Libra, chairman Jerome Powell ...

US Fed to look 'carefully' at Facebook virtual coin Libra

Federal Reserve chairman Jerome Powell said Tuesday the US central bank will be closely scrutinizing Facebook's newly announced cryptocurrency Libra with an eye toward potentially regulating the virtual coin.

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