Latest News for: Central banker


Banking scandals and accountability

The Irish Times 25 Jun 2022
Sir, – Joe Brennan’s piece about Central Bank fines on AIB over the bank’s tracker mortgage scandal (Business, June 23rd) states that “more than 41,000 borrowers were affected” ... how many bankers were affected? Answer ... The Central Bank continues with its policy of punishing the bank’s shareholders rather than its management and directors.

The Price of Time: Play with interest rates and you might get burned

Irish Independent 25 Jun 2022
In his terrific new book, , he argues that well-meaning attempts by central bankers to manage interest rates have also brought disaster — not just for America this time, but all round the world.

Crypto Price Crash Will Reveal ‘The Amazons And The eBays’—But Will Bitcoin, Ethereum, BNB, XRP, ...

Forbes 25 Jun 2022
One widely-respected central banker has predicted those that survive the crypto crash could become the tech giants of the future... .

Would Crypto Crash Survivors Be Amazons and eBays of the Future?

Inside Bitcoins 25 Jun 2022
Addressing the world in Point Zero Forum at Zurich on 22nd June, the central banker of the U.K ... As per the sources, the UK’s banking administration was examining the possibility of expanding its own digital central bank retail currency and is scheduled to create a consultation document in 2022.

Fed policymakers embrace more rate hikes, markets a little less

The Times of India 25 Jun 2022
A pair of U.S. central bankers said on Friday they supported further sharp interest rate hikes to stem rapid price rises, even as investors cheered economic data showing inflation expectations to be less worrisome than initially feared ... A stream of analysts and at least one former Fed policymaker raised the alarm on recession risks ... U.S ... .

Was Aristotle a Bitcoiner?

Bitcoin Magazine 25 Jun 2022
Where Plato saw central planning as the option — such as a communistic or ... All that said, the Republic of Rome debased its currency over many years and I’m not aware of how it was disbursed, via a central bank, local bankers, etc., but it was minted by the Republic or Emperor.

What Fed Chairman Powell sees for the housing market

Lincoln Journal Star 25 Jun 2022
JEFF OSTROWSKI The fate of the housing boom is on the minds of both homeowners and homebuyers these days ... No one knows — not even the world’s most powerful central banker ... They’ve gone from 3% in August 2021 to 6 percent now, according to Bankrate’s national survey of lenders ... “We’re watching it to see what will happen ... Powell ... .

Binance wants to convert crypto skeptics: ‘no need to ignore them’

Invezz 24 Jun 2022
Taking the example of a central banker – it may be very difficult to sway them off their central convictions about current banking and financial principles ... It is, therefore, easy to see why a central banker would look into a Central Bank Digital Currency (CBDC), for example, but at the same criticize other aspects of crypto ... ....

Fed’s Barkin, Daly dump stocks, bonds after ethics scandal

FX Empire 24 Jun 2022
(Reuters) – Two Federal Reserve presidents sold or plan to sell securities following an ethics scandal last year around the investment activities of two fellow central bankers that led to strict new limits on policymakers’ securities portfolios, financial disclosures published Friday show.
photo: Creative Commons / Farragutful
The Eccles Building of the Federal Reserve in Washington, D.C.

We Are Not Trying to Provoke a Recession but It Is Certainly a Possibility

FX Empire 24 Jun 2022
Federal Reserve’s Fight Against Inflation ... According to Reuters, “Fed Governor Michelle Bowman on Thursday said she supported a 75-basis-point increase in July, followed by 50-basis-point increases in “the next few” subsequent meetings, a more aggressive path of rate hikes than most of her fellow central bankers currently contemplate.” ... Gary S ... ....

Is Bitcoin Afraid Of Big Bad Jerome Powell?

Bitcoin Magazine 24 Jun 2022
For 13 years since the fall of Lehman Brothers, the markets got used to the coordinated monetary policy between the world’s major central banks ... Because of this, its dollar price will be the plaything of these same central bankers, prop desk traders and power brokers trying to preserve their place in the monetary dominance hierarchy.

I’d buy these 2 FTSE firms yielding 7.5% in a Stocks and Shares ISA today

The Motley Fool 24 Jun 2022
I reckon now is a great time to go shopping for dividend-paying shares to pop inside a tax-free Stocks and Shares ISA ... Over such a lengthy timespan, today’s troubles will be forgotten (as most stock market dips soon are) ... The obvious threat is that the world falls into recession, as central bankers tighten monetary policy to curb inflation ... .

Proposals for Bill intended to hold key bank management to account to go to Cabinet

The Irish Times 23 Jun 2022
Proposals for a long-planned law aimed at holding senior bankers to account for failings under their watch are to be brought to Cabinet next week, the Dáil has been told ... He told the Dail that the Central Bank called for legislation four years ago that would hold senior bankers to account.

Who Is to Blame for Inflation? The Power Brokers of Capitalism

Scheerpost 23 Jun 2022
To save not just the bankers but also the labyrinth itself, central bankers stepped in to replace the financiers’ pyramids with public money ... Only then would it be reasonable for central bankers to demand that workers “take one for the team” and refrain from seeking higher wage settlements.