IMF Places China’s Yuan in Reserve Basket
The International Monetary Fund (IMF) announced earlier this month that it would be placing China’s currency, the yuan, in its Special Drawing Rights (SBR) basket [Read More…]
Tag: global banking
Bank of England Holds Record-Low Interest Rates
Good news for consumers and investors on the other side of the pond: Bank of England has confirmed that it will hold its record-low 0.5% [Read More…]
Banks Fined $5.7B For Manipulating Global Currencies
Four global banks have been ordered to pay $5.7 billion for allegedly manipulating the world’s economic currency market. JPMorgan Chase, Citigroup, Barclays and The Royal [Read More…]
China Cuts Interest Rates Amidst a Weakening Economy
China has cut interest rates for the second time in a three-month period, while the Asian nation battles through a weakening economy. The People’s Bank [Read More…]
Bernanke’s Bullish Bravado
“The illusion that low interest rates signal easy money for entrepreneurial business growth is simply that – an illusion. The banks have no real incentive [Read More…]
