After a weekend of speculation and anxiety following the collapse of Silicon Valley Bank, federal banking regulators on Sunday night determined that FDIC insurance funds will be used to protect …
Tagged By financials
China’s new premier tries to reassure private sector amid widespread concerns about future
China’s new premier has tried to reassure the private sector in his debut press conference, as concerns grew about the country’s future policy direction with the introduction of a new cabinet loyal to …
After SVB failure, US acts to shore up banking system confidence
A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California, U.S. March 10, 2023. REUTERS/Nathan Frandino …
China central bank punts its succession problem
President Xi Jinping is readying a rejig of the financial bureaucracy, having already replaced members of the country’s dwindling reform camp – namely Premier Li Keqiang, economic tsar Liu He and …
Favoring continuity, China reappoints Yi Gang as central bank governor
China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets by showing continuity at the top while other economic officials change …
Beijing banks on continuity
Opting for continuity in these critical economic roles suggests an emphasis on credibility and stability,” said Mattie Bekink, China director at the Economist Intelligence Corporate Network. “It is …
Beijing retains its central bank chief in surprising move
China yesterday retained its central bank governor in a surprise move, as the country appointed a Cabinet focused on fighting economic headwinds. At a meeting of the Chinese National People’s Congress …
‘Steady Hand’: China Surprisingly Retains Central Bank Chief
Yi Gang attends a news conference on China’s economic development ahead of the 70th anniversary of its founding, in Beijing, China September 24, 2019. REUTERS/Florence Lo Reuters BEIJING (Reuters) – …
China has reappointed its central bank governor, when many had expected a change
China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets.
Xi Jinping retains China’s central bank head in boost to markets
Xi Jinping has kept the country’s central bank governor Yi Gang in his post and retained his finance and commerce ministers, as the Chinese president defied expectations of a large-scale overhaul of …
WRAPUP 1-China chooses continuity, retaining central bank chief, finance minister
However, further announcements are expected in coming weeks as China implements a reorganisation of its financial regulatory structure and other government bodies. “Opting for continuity in these …
China chooses continuity, retaining central bank chief, finance minister
BEIJING (Reuters) – China kept its central bank governor and finance minister in their posts on Sunday, an unexpected move at the annual session of the rubber-stamp parliament prioritising continuity …
China unexpectedly taps central bank chief, finance minister to stay on
China’s central bank governor and finance minister were nominated on Sunday to retain their posts, an unexpected move at the annual session of the rubber-stamp parliament that had been expected to …
