Gold Silver Report – Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies.
central bank
Donald Trump Nominates Fed’s Jerome Powell to Lead US Central Bank
Gold Silver Reports – US President Donald Trump on Thursday tapped Fed governor Jerome Powell to become head of the US central bank, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February 2018.
Banking Sector Burdened by Increasing Bad Loans
Gold Silver Reports — India’s under-capitalized lenders should be restricted from expanding deposits and loans to help revive the banking sector burdened by increasing bad loans, a deputy governor at the nation’s central bank said.
Central Bank Owners in Revolt Over $140 Payout
Gold Silver Reports – In the wake of World War I, Mustafa Kemal Ataturk set out to create a central bank that would steer his new Turkish Republic through the wreckage of the Ottoman Empire and end its dependence on London and Paris. He implored people to invest and thousands did, many with their life savings.
It was a great bet, at least on paper — the bank is now the most profitable joint-stock company in Turkey, earning $5.6 billion last year alone. But the Treasury took the lion’s share, leaving the 6,000 or so individuals who own a combined 14 percent stake just $140 to divvy up.
India Rupee Slip on Suspected Central Bank Intervention
Gold Silver Reports – Rupee pared declines from near a record low as traders said state-run lenders sold the greenback on behalf of the Reserve Bank of India.