The Bank of Ghana (BoG) has forwarded some dossiers to the Economic and Organised Crime Office (EOCO) and other security agencies to start the prosecution of those found complicit in the recent...
The Ghana Technology University College (GTUC) has debunked claims that it is in a financial crisis. It said it has for the past 11 months successfully managed its operations and finances to avoid a...
US attorneys in New York are dropping the cases against Julien Grout of France and Javier Martin-Artajo of Spain (seen in 2013), who were accused of being key figures in covering up $6.2 billion (5.7...
US central bankers are divided over the near-term risk of inflation and disagree over the timing of interest rate hikes into next year, minutes of the last Federal Reserve meeting showed Wednesday....
The Federal Reserve gave the green light on Wednesday to plans by all 34 large banks seeking to provide big payouts to shareholders after the firms passed the annual stress tests. It is the first...
As they await this week's stress test results, US banks face a dilemma their European counterparts can only dream of: what to do with a pile of excess cash? The answer is expected to become clearer...
The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal Reserve announced Thursday. The results of the first part of the...
"There is little doubt that the US financial system is stronger today than it was a decade ago," Jerome Powell said in testimony to be delivered before the Senate Banking Committee, but "we must also...
The Trump administration has said it wants to ease oversight of smaller banks and curb the Consumer Financial Protection Bureau's powers. The report from the Treasury Department outlined...
The White House on Monday issued a roadmap for loosening US banking regulations, including a recommendation to ease "stress tests" for large banks, according to a report published by the Treasury....
Democrats are slamming a Republican bid to dismantle financial rules put in place after the 2008 crisis as the "wrong choice" for the country. House Republicans approved a sweeping measure on...
When Wu Qi and her husband traded in their Mazda 3 for a more expensive Mercedes Benz sedan, they applied for a 200,000 yuan ($29,000) bank loan to help pay for it. They got the money within minutes....
US central bank policymakers want to see proof the country's economic slowdown is temporary before they raise interest rates, according to minutes of their latest meeting. They said it would be...
Finance Minister Ken Ofori Atta is attributing the change in Ghana's credit outlook by Fitch as a demonstration of confidence in the current team managing the economy. Ratings Agency Fitch last...
Ecobank Ghana Limited has announced an increase in the bank’s total revenue of GHS1.2 billion for the year 2016, representing an 18 percent growth from the 2015 performance. Per the increase, the...
The current high lending rate offered to non-bank financial institutions by the Central Bank is rendering them uncompetitive and unproductive. This is according to the Chief Executive Officer of the...
The US Senate confirmed attorney Jay Clayton as the new head of the Securities and Exchange Commission tasked with regulating Wall Street and America's financial sector. Some Democrats joined...
More workers are expected to qualify for mortgages to buy homes, as the local currency stabilises and Treasury Bills (T-Bills) rate show a downward trend. The Managing Director of HFC Bank, Robert Le...
President Donald Trump on Monday said he is considering breaking up big Wall Street banks, by splitting their consumer business from their investment operations. "I'm looking at that right now," he...
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities...
