Tag: bank

Central Bank will issue bonds with reference

The Central Bank will issue bonds with reference to the key rate

The Central Bank plans to issue its own bonds, which will be attached to the key rate and will be issued with maturities of 3, 6 and 12 months, according to the Bank of Russia a report published on Friday, September 16th.

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Deutsche Bank refused to pay $ 14 billion US

Deutsche Bank refused to pay the $ 14 billion US Department of Justice

Deutsche Bank AG this morning, said the official predlozhenieMinisterstva US Department of Justice to stop the leading American side of the investigation activities of the bank in the United States in exchange for a payment of $ 14 billion. According to a statement, the bank does not intend to pay such a high amount, and hopes to reduce it in the course of negotiations with the Ministry, which as follows from the statement, “it is at a very early stage.” The US Justice Department is investigating the activities of the bank for the sale of securities backed by mortgages.

«Deutsche Bank has no intention to settle civil claims in the area of ​​the sum, which was named … The Bank expects that the result will be similar to those achieved with other banks, to resolve the dispute by paying much smaller amount,” – said in a statement.

This is actually already happening. Citigroup, which the Ministry of Justice initially offered to pay $ 12 billion, as a result paid $ 7 billion. Goldman Sachs paid $ 5.06 billion. However, investors in Frankfurt, reacted to the failure of the bank to accept the offer of the US Department of Justice negatively. In morning trading shares fell 8.2%.

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Central banks of world continue to blow bubbles

The central banks of the world continue to blow bubbles

On Wednesday, the European Central Bank (ECB) has allocated a new batch of money. Within the next auction for granting loans super long TLTRO banks were still 46.2 billion euros at the zero rate. The Fed also did not scare and market participants expected, kept rates unchanged at 0.25%. At the same time, we recall, the US regulator has lowered forecasts for the economy and reduced the forecasted number of rate increases next year.

Against this background, we see the rapid growth of virtually all assets. Financial institutions buy any risky asset that can bring income, including bonds of developing countries, with an interesting yield.

Leading US stock index – the index of wide market S P 500 – it has almost returned to its record highs.

Details: http: //www.vestifinance.ru/articles/75351

Moreover, this week the Bank of Japan announced a review of the monetary policy. The regulator decided to give up the monetary base landmark as one of the major targets. Instead, the Japanese Central Bank will begin to target the yield on 10-year government bonds at the current level of about 0%.

And although the market initially reacted to the decision of the yen strengthening economic commentator Grigory Beglaryan confident that sooner or later, the new strategy will lead to a drop in the yen, which means in risky assets around the world will rush back the Japanese capital.

Today, by the way, the Japanese yen depreciates against the dollar and the euro by about 0.4%.

However, of Citi experts believe that the Bank of Japan’s decision is mainly due to lack of funds for the purchase of assets, and in addition, the Bank of Japan sought to avoid adverse effects on financial stability.

"These actions mean that central banks (in particular, the Bank of Japan, and to a lesser extent, the European Central Bank) have become increasingly aware that the previous paradigm … is deeply wrong and needs to be replaced", – stated in the Citi report.

"An urgent challenge for central banks is not so much a reduction in the effectiveness of such purchases, but rather the narrower question of what the appropriate assets for purchases end"- experts say.
Details: http: //www.vestifinance.ru/articles/75351

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With regard to Central Bank restrictions

With regard to the Central Bank restrictions

Why does everyone think about how they will trade after the introduction of CBA restrictions? More or less professional always finds a way. Will trade through an offshore gasket broker will arrange a common pool for some traders, but will lead in the end the funds and pass the exams …

I have no doubt that the way to get into the stock market to be found. Traders in this respect as rats, which patched a hole leading to the warehouse products. Sooner or later, they will find themselves or make yourself another.

The main problem is not in this. Fresh meat will be. Potential “investor” will not look for these holes. He or forex go, or to bookmakers or a MMM. Or buy an apartment, to take …

Poker is bent after the Americans have banned plastic cards deposits do. Gone all the fish – the tables were some professionals. Not with each other is to play … Something similar awaits FORTS. There you will be taken on it, but there is easy money will be gone. There is some hope for all traders Energobank, the ads hired, but not very big …

Go to the glass usdtom, put the filter more than 1000 lots – that’s about it and you’ll see the next day after the entry into force of the new regulation

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Results of week Kuroda was not impressed markets

Results of the week: Kuroda was not impressed markets and Yellen continues reassuring

Global financial markets continue to comprehend decisions on monetary policy the US Federal Reserve and Bank of Japan.

The Fed left the federal funds rate unchanged after a meeting of the Federal Open Market Committee on Wednesday, but made it clear that the increase in borrowing costs may occur in December, when labor market conditions continue to improve.

At the same time, the US central bank has reduced the number of expected rate increases this year from two to one and predict a less aggressive interest rate rise in the next two years.

The next meeting of the Fed’s monetary policy is scheduled for the beginning of November and mid-December. Economists believe that the rate hike is unlikely in November largely because the meeting will take place just a few days before the US presidential election.

Markets are currently estimated at 15% probability of a rate hike at the November meeting, according to the forecast of the Fed rate by Investing.com. The chances of its increase is about 60% in December.

The Fed’s decision came shortly after the Bank of Japan kept interest rates unchanged at 0.1% and announced that it will be more flexibility to manage the rate of growth of the money supply, as quickly as possible to achieve the acceleration of inflation to the 2% target.

Japanese regulator moves from target to expand the monetary base targeting the yield of government bonds (JGB). The Central Bank intends to change the amounts of JGB purchases to increase the slope of the curve and keep the yield on 10-year bonds around zero.

However, investors skeptical about the ability of the Bank of Japan to achieve an inflation objective with the new measures. Some experts believe that the Japanese regulator end effects tools.

In contrast, the Federal Reserve continues to justify the market expectations regarding the timing of the next increase in US interest rates.

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Yuan officially included in IMF’s basket of reserve

Yuan officially included in the IMF’s basket of reserve currencies

Chinese currency is officially incorporated on October 1, in the basket of reserve currencies International Monetary Fund (IMF), along with the dollar, euro, yen and British pound. Yuan will have the weight of the basket is almost 11% against 42% in dollars and 31% in euros, according to data on the IMF website. On the base of the basket is calculated SDR exchange rate, IMF currency in which loans and calculated member countries of the organization quotas.

The decision to include the yuan in the basket fund has taken in the last year, taking into account the increasing role of the Chinese currency in international trade and financial system. In particular, one third of all China’s foreign trade is carried out in yuan, a number of central banks have incorporated it into their reserves (although the overall share of the Chinese currency in global reserves are still minimal).

The last time the basket of currencies the IMF changed in 1999, when it was incorporated euros.

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CBR again increase limit on credit DIA for deposit

CBR again increase the limit on credit DIA for the deposit insurance fund

The Board of Directors of the Deposit Insurance Agency (DIA) approved an increase in the Bank of Russia for a loan of the deposit insurance fund by 220 billion rubles, reported "Interfax" you in.

Thus, the credit line of the Central Bank will increase to 820 billion rubles from the current 600 billion rubles.

Bank data on 7 October approved limit of 600 billion 444 billion credits is selected.

As of August 1, the size of the deposit insurance fund amounted to 36.6 billion rubles. If earlier (before the mass clearing of the banking sector, which began in mid-2013), the fund was replenished mainly due to banking fees, but now it is formed mainly due to Central Bank loans.

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CBR sees rate of monetary inflation risks increase

CBR sees the rate of monetary inflation risks increase growth

Money supply growth does not create risks for higher inflation in the Russian Federation, the chairman of the Bank of Russia Elvira Nabiullina.

"We do not see the risks associated with rising inflation", – she said at a forum "Russia Calling!"organized "VTB (MCX: VTBR) Capital".

"We happening spending of reserve funds, we see that the system can go into a stage of structural liquidity surplus"- she said.

"Incidentally, we welcome the fact that the Ministry of Finance is now changing the proportion of the expenditure of reserve funds and borrowing, because we will have less absorption. Otherwise, the Central Bank would have absorbed much more", – he added the head of the Bank of Russia.

Nabiullina also said that the Bank of Russia welcomes the Ministry of Finance plans to increase volumes of internal borrowing, it will not affect the interest rates on the market ,.

"We welcome the fact that the Ministry of Finance will change the proportion of the expenditure of the Reserve Fund and borrowing, because we will have less absorption (liquidity)", – she said.

"Increasing the share of loans from the Ministry of Finance will not have an impact on interest rates", – he added the head of the Central Bank.

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Rosneft sent to Bank of Russia mandatory buyout

Rosneft sent to the Bank of Russia the mandatory buyout offer to minority shareholders of Bashneft

"Rosneft (MCX: ROSN)" October 28 sent to the Bank of Russia the mandatory buyout offer to minority shareholders "Bashneft", Majority "Rosneft" I bought in mid-October. As the press-service "Rosneft", Offered to buy back ordinary shares in the amount of 55,466,137 shares (37.52% of the total number of ordinary shares). "The maximum amount of obligations PJSC "NC "Rosneft" of the mandatory tender offer will not exceed 206 billion rubles."- says the company.

Authorized capital "Bashneft" 177 is 634 thousand million. RUB 501, it is divided into 147 846 thousand million. 489 ordinary shares of 1 Ruble (83.23% of capital) 29 million and 788 thousand. 12 preference shares of 1 Ruble (16.77% of the capital ). "Rosneft" It owns 60.16% of ordinary shares (50.08% of share capital). In addition, the Treasury package "Bashneft" It is 2.32% of the ordinary shares (4.41% of share capital).

The republic Bashkortostan – 25.79% of the ordinary shares (25% stake). Legal entities, including nominee shareholders own 9.31% of the voting shares (16.01% of share capital), physical persons hold 2.42% of the ordinary shares (4.5% stake).

The Federal Antimonopoly Service (FAS) on Friday afternoon announced that it has received from "Rosneft" a request for the purchase of 100% "Bashneft", To consider the application is planned for one month.

Bashkortostan representative said on Friday that the country does not negotiate with "Rosneft" the sale of shares in regional "Bashneft". Chapter "Rosneft" Igor Sechin has previously noted that talking about the redemption of 25% of shares "Bashneft" in Bashkiria it is still too early. In addition, Igor Sechin reported that "Rosneft" "later return" the question of the possible redemption of shares from minority shareholders.

"Rosneft" bought 50.0755% shares of the ANC "Bashneft (MCX: BANE)" of 329 billion 690 million rubles. Economic Development Minister Aleksey Ulyukaev, commenting on the results of this transaction, noted that "Rosneft" He suggested for a controlling stake "Bashneft" 20.6% premium to the closing price on the day of receipt of a binding offer.

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Sberbank has experienced powerful cyberattack

Sberbank has experienced a powerful cyberattack

Powerful DDoS-attacks on the online resources of the Savings Bank were recognized by experts. As the press-service of the credit institution, November 8 Bank resources have undergone a powerful cyberattacks.

“The attacks are organized with botnets, including tens of thousands of machines, geographically distributed throughout several dozen countries,” – noted in the bank.

Also, the organization added that during the days of cyber attack power increased. The bank pointed out that the online attack did not cause any damage to the system.

Earlier it was reported that on Tuesday the cyberattacks were committed to other Russian banks, including the “Alfa-Bank“.

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