ECB reinforces its NPL guidance for banks

Latest from the European Central Bank on non performing loansThe prudential provisioning expectations will apply to all exposures that are newly classified as non-performing in line with the EBA definition as of 1 January 2018. These take into account the length of time a loan has been non-performing and the extent and valuation of collateral. More […]

Forex — AUD/USD Moves Higher, Kiwi Follows as Greenback Weakens

Aussie, kiwi gain ground, recover from recent losses in late trade — The Australian and New Zealand dollars moved higher against their U.S. counterpart on Wednesday, recovering from recent losses as demand for the greenback weakened amid speculation the next Federal Reserve head could be less hawkish than expected. AUD/USD gained 0.38% to 0.7865, […]

Dollar rally stalls as market ponders Trump’s Fed choice

© Reuters. Illustration photo of a U.S. Dollar note By Hideyuki Sano TOKYO (Reuters) — The dollar stepped back from a 1-1/2-month high against a basket of currencies on Wednesday on speculation that U.S. President Donald Trump's choice for the next Fed chair could be a less hawkish candidate than some had expected. U.S. Treasury […]