The bills, which entered circulation on Tuesday, complete the European Central Bank’s overhaul of paper money to make it easier to handle and harder to forge.
Tag: Banking and Financial Institutions
Risk to Turkey’s Economy Deepens With New Istanbul Election
President Recep Tayyip Erdogan’s government is spending billions to prop up the currency amid new economic turmoil. The question is how long it can last.
New U.S. Sanctions on Venezuela Aim to Choke Off Government’s Finances
The Trump administration cut off the central bank’s access to United States currency and limited its ability to conduct international financial transactions.
China’s Economy Stabilizes After Beijing Opens the Bank Vaults
New figures suggest the Chinese slowdown is bottoming out. Credit goes to a wave of lending, but economists warn that debt-fueled growth can’t continue.
Turkey to Investigate JPMorgan Over Charges It ‘Caused Volatility’ in the Markets
With days until local elections, Turkey’s banking regulator accused JPMorgan Chase and other banks of issuing “misleading and manipulative” investment advice.
Hungary Rolls Out Red Carpet for Obscure Russian Bank, Stoking Spy Fears
As the United States tries to blunt Russian influence, Hungary’s far-right leader is increasingly building bridges to Moscow.
U.S. and China Near Currency Deal, but Provisions May Not Be New
The currency rules as described by the governor of China’s central bank are practically identical to what Beijing promised in 2016.
Brexit: For Wall Street Banks in London, It’s Moving Time
One thing is clear about the legacy of Brexit: Financial services will be spread across Europe, with no one city again dominating the financial arena as London has.
U.S. Private Equity Investor Detained in Moscow on Fraud Charges
Michael Calvey, founder of one of the biggest and oldest investment firms in Russia, was detained on Friday along with five other.
National Australia Bank Chiefs to Resign in Wake of Damaging Report
The big lender had been singled out for its business practices and what an official report said was little likelihood of change under its top executives.