Vladimirs Bolbats, the development manager of the private individuals segment of the bank, joins Indexo

From November 1, Vladimirs Bolbats will join the management team of the pension manager IPAS “Indexo” (“Indexo”), which is currently working on establishing a new bank, in order to direct the development of the new bank’s service offer for private individuals. Content will continue after the ad Advertising Bolbats will work on the creation of … Read more

Bank of England dumps money on market to prevent pension fund collapse

The Bank of England was forced, on Wednesday, to intervene in the bond market with a purchase program of 65 billion pounds (about 75.3 billion euros at the current exchange rate) to prevent the fall of gilt prices would lead to the collapse of pension funds in the UK. It is one more effect of … Read more

Bank of England’s move to lower government bond yields Gold rose to a near one-week high | Anue Juheng- Gold

Gold FuturesWednesday (28th) rose and closed at a near one-week high. After the Bank of England (BOE, the central bank) bought British long-term bonds, U.S. bond yields fell and the dollar was weak.Investors rush to buy before the end of the monthgoldalso boosted the price of gold. New York for December deliveryGold FuturesPrices closed up … Read more

World Bank Changes Poverty Line, Indonesian Poor People Add 13 Million People

Jakarta, CNN Indonesia — As many as 13 million lower middle class people in Indonesia fell poor. This is because of the new provisions World Bank regarding the calculation of purchasing power parity (purchasing power parities/PPP) or spending ability from fall 2022. Citing the World Bank report entitled ‘Report East Asia and The Pacific Economic … Read more

Turkish banks have stopped using the Russian Mir payment system

The Mir system is a Russian analogue of payment systems to foreign services such as Visa or Mastercard. These two payment card providers stopped doing business in Russia after Russia’s invasion of Ukraine, which began in February this year and caused the West to impose a series of sanctions against Moscow. But Turkey maintains a … Read more

Shock forecast: Deutsche Bank expects the economy to crash

Germany is threatened with a deep recession. Economics Minister Robert Habeck (Greens) has to manage a severe economic crisis. Sean Gallup/Getty Images The gloomy forecasts for the German economy are overturning. While the economic institutes are still assuming a mild recession, banks are anticipating a deep slump. The economists at Deutsche Bank are now even … Read more

List of 10 Newest Banks Join BI-FAST

Jakarta, CNN Indonesia — Number of participants BI-FAST added 10 banks this month. With this addition, the total BI-FAST participants reached 87 bank participant. In August 2022, Bank Indonesia (BI) noted that 77 participants had joined the BI-FAST service program. Among those who have become BI-FAST participants are BNI, Bank Mandiri, BCA, BRI, BTPN, Bank … Read more

German central bank chief: Clearer ECB action needed if inflation lingers

“The step taken on Thursday was a clear sign and if the inflationary picture remains the same, further clear measures will have to be taken,” Mr. Nagel said in an interview with German radio “Deutschlandfunk” (DLF) on Sunday. He declined to comment on the scale of such moves, saying the central bank is dependent on … Read more