What is interest?

Interest is the price paid for the use of bank funds. They are mainly monetary funds If the interest is expressed as a percentage we are talking about the interest rate….Read more

About securities

We must point out that the full value of certain securities that are here unknowingly have the same or similar importance in all countries.Many of these securities…Read more

About loan

For a loan, usually related, (cash) of an institution, which gives it to use of customers in a certain period of time under certain conditions.Conditions for obtaining the loan…Read more

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Australian citizens struggle to withdraw cash from ATM

Australian citizens struggle to withdraw cash from ATM

Australian’s protest the mass closure of bank branches and bring attention to the country’s move to go away from cash. Commercial banks in Australia have shuttered more than 1500 branches from 2018 to 2023 at the same time banks removed more than 2500 ATM across Australia Because of the user concern the biggest four banks […]

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China buys gold supply pushing price of gold up

China buys gold supply pushing price of gold up

Few days ago, China bought gold supply pushing the prices of gold up. Gold prices rose above 2,400 USD per ounce on Friday 12.04.2024. The price of gold may get a final boost as the tensions in Middle East rises. The gold price was a close prediction of Goldman Sachs who said in their report […]

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EU banks warned of the risk of the European leaders' plan to confiscate Russian assets and income.

EU banks warned of the risk of the European leaders’ plan to confiscate Russian assets and income.

The news that spread on social networks and the media raised the issue of an illegal attempt to confiscate and distribute interest rates on frozen Russian assets, which some experts claim would cause a chain reaction of negative bank events on the European market. Since the beginning of the war between Russia and Ukraine, and […]

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Central bank of Brazil cuts interest rates by 50bps

Central bank of Brazil cuts interest rates by 50bps

At an event organized by the consulting firm APCE, the director of monetary policy of the Brazilian central bank, Gabriel Galipolo, presented facts according to which possible changes in monetary easing will not be correlated with interest rates at the end of the easing cycle. He stated, “The manner in which the disinflation process unfolds […]

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Inflation is tamed says Bank for International Settlements

Inflation is tamed says Bank for International Settlements

The creator of monetary policy Bank of International Settlement in there quarterly report said that inflation is tamed and under control. There was however reason for „cautious optimism“ because central banks have taken action to prevent inflation strengthens said head of the Monetary and Economic Department of the BIS, Claudio Borio. “At the same time, […]

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Europe central bank reported first loss after almost 20 year.

Europe central bank reported first loss after almost 20 year.

Europe central bank reported first loss after almost 20 year. Many have seen some changes in rates who sky jumped in 2023 making loans expensive. All members of EU and non-EU countries who use EURO are concerned about what will happen in future with EURO zone.   This was one necessary step to stop losing […]

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American and Europe banks close more than 55 branches

American and Europe banks close more than 55 branches

New year started in hope to see a better day in our financial sector and we are getting news about Bank branches closing across Europa and USA. The plan to close bank branches will be devastating for business and communities. Europa and USA banks started to announce a branches closing this year. Danske Bank in […]

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ECB concerned over early signs of bank run

ECB concerned over early signs of bank run

The central bank of European Union analyzed data and early warning indicators who have showed that some banks may experience a bank run. ECB has asked some banks to monitor activity on social media and detect early signs of bank run. The financial problem where client rush to bank to withdraw cash and pull deposits […]

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Advantages and disadvantages of central bank digital currency

Advantages and disadvantages of central bank digital currency

A large number of CBDC supporters are gradually implementing the digital currency, the reason being the fast transfer of money as well as cheaper transaction costs. In addition to the benefits that this technology offers, the majority of users of banking services are not interested or distrustful of the digital currency that is slowly being […]

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Sweden to become first cashless country in Europe by 2026

Sweden to become first cashless country in Europe by 2026

Signs read, “No cash payment in this store” is something that you see in many stores in Sweden. As announced Sweden, will stop accept bills before 2025. Right now, many countries in Europe and around the world have stopped to exchange Swedish krone. However, there are numerous reasons for such behavior one of them are […]

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ECB concern over Greece non-bank financial institutions (NBFIs)

ECB concern over Greece non-bank financial institutions (NBFIs)

Greece passed a new low that allows non-bank financial institution (NBFIs) to lend money to households and businesses. Regarding non-banking financial institutions that somehow increase the concerns of the European Central Bank may be a just cause. The European Central Bank does not supervise these non-banking financial institutions in Greece. Problems like uncontrolled money lending […]

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Nigeria to stop Using Central Bank to Fund Deficit

Nigeria to stop Using Central Bank to Fund Deficit

Nigeria has borrowed $33 billion form its own Central Bank to fund its budget deficit. Debt restructuring needed to stop the bubble to burst and to make Nigeria economy strong again. Finance Minister Wale Edun said, “We are bringing order to government borrowing“. For long cash, shortages have plagued Nigeria’s economy, due to a CBN […]

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