CBN moves to boost liquidity in FX market, limits banks foreign currency position vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Today, such exposures are not reported by banks, no risk weight is assigned to the credit, the facilities are not rated, and in a predominant number of cases no interest is charged by banks on these intra-day overdrafts.
In this Issue. The Consumer Financial Protection Bureau (CFPB) issued a report identifying challenges faced by borrowers in resumption of student loan payments.
KUALA LUMPUR: The 1Malaysia Development Bhd (1MDB) Asset Recovery Task Force is considering legal proceedings against several foreign banks that facilitated fund transfers related to 1MDB without conducting proper know your client (KYC) processes at the material time.
The dollar index was lower at 103.25 while most Asian currencies gained. The Japanese yen was up nearly 0.2% after the Bank of Japan maintained its ultra-easy monetary settings on Tuesday but gave hints that the policy might be tweaked at its next meeting.