and the banks in the band, they are not small banks but large banks.and that could easily go into the higher category of sprfertion and large regional banks that have experience maryland challenges in the past and you had liquidity and capital not sufficient for the systemic risk that they actually had an impact. three or four regional banks with the same vulnerability same vulnerability that lack of clarity on their balance whether it is v.c., venture capital and hadn't been rolled back or whether it was that alliance from those deposits. irrespective, when you have a number of regional banks, some of them large regional banks with similar patterns that's where investors pulled back because reduction of the barriers that separated banks and shadow banks and get outside concentration and hard not to talk about capital when you have those outside concentration that resulted in some of those rollbacks. >> the high concentration for systemic risk was too many deposits. i think we all think and all know they had too many deposits coming out of covid. compa

banks pay that by taking the fees because we all need a bank. you need a bank account.ssed on■c to bank people who are the taxpayers. mr. mchenry: the fdic the fed to bail out the fdic. and we need more information from the fed and fdic on that decision. >> the american banking association came out with a paper talking why was there a 100 basis point penalty? we are living in extraordinary measures and folks having worked with the treasury department you don't get that extraordinary measures are not meant to be normal and dysfunction and no offense to congress but dysfunction in wasngton has created a situation that people can live in extraordinary measures without creating other problems and the fact that they happened in that period, the deposit insurance fund isn't liquid cash, it's in treasury. mr. mchenry: that is joyful spring of 2023. >> i'm a research assistant. is there a reason?g■ we couldn't index to inflation rather than revisiting it every generation? >> sounds like 250 for a while. >> we index in the deposit in 2. and congress -- >> did a nice job of remod

julie's bed -- julie's bank, bretz bank, and john's bank when you needed. level of calmness we need to bring to the discussion. brent is right. i am an engineer by training. when you look at the slope of the line, a fancy way of saying how fast they ran rates up, nobody in their modeling practice -- practiced 500 basis points. if you do, please inform me. we do 400 on the high-end low side. the point i am making is no one anticipated thate un-up inside of 18 months. so, my advice to fed governors and the officers i have had a chance to speak with is, we need, -- we need calm and stability now. if united -- if youo find what t is so we can prepare. we did not have a chance to prepare on this one. it created stress, as brent just mentioned, not only the banks we were talking about, but across the system. hopefully they have done a good job of projecting a downward increase. but my view, given where we are and the instability around the election, i think, is calm and eapete: julie, you have talked your own customers and been traveling the country talking about

it would make the banks safer product cost the banks money. these 37 banks are swinging their weight around to tried to weaken capital roles. they spent tens of millions of dollars running ads during sunday night football and millions more for an army of lobbyists to try to twist arms in congress. who are they trying to impress? a man on the inside? despite all you said last year when the banks failed about supporting bars recommendation to strengthen rules for big banks public reporting says you are driving efforts inside the fed to weaken the capital rule. you even told the house financial services committee that you think it is very plausible that you withdraw the role. as one analyst put it, i don't think they will pass a final rule without powell support suggesting the rules will have to be weakened to appease powell. i am having trouble reconciling the statements you made last year which you say you hold onto, statements you made when the headlines were all about three giant bank failures and now you are reporting efforts to quietly we c

bank.n overwhelming 96% rate their primary banks customer service is excellent, very good or good. furthermore, eight in ten say they're confident that the money that had deposited at the primary bank is safe. and over 80% believe the banking sector is highly competitive. a similar number agreed they have multiple optionso choose from when selecting financial products and services like bank accounts, loans and credit cards. not only are consumers happy with their banking choices, , ad the service they received from the banks, they are skeptical of the government interfering in the financialervices according to our survey almost seven in ten american consumers agree that the economic challenges facing our country, everything from persistent inflation to slowing of growth, given all that now is not the time to post additional regulatory burdens that will restrict bank lending. and a similar number agreed that when so many new regulations are issued simultaneously, regular should be required t

it's not the very large banks a manageable thing of the large banks. so i think that's what it's going to be. it's a serious problem and more serious than some locations in jurisdictions than others. we will be working through. i think that's how i would think about it. >> does the silicon valley bank situation, the money moves so quickly in those cases. it was instantaneous now. the velocity of money moving out of those banks i think in some ways contributed to their failures. are we looking at anything technologically that might be able to address or mitigate some of that? chr. powell: we also after silicon valley bank, we got in contact and worked with financial institutions that have high concentrations of unmatured deposits. many of them have greatly improved their liquidity positions. as you probably know we are working on some liquidity rules which will strengthen our framework. that is something we have not proposed yet. >> let me ask you something off-topic. we know russia has about $300 billion, we have frozen assets, russian assets about $30

issues and i think we need to go back to the time when new york community bank bought signature bank and the assets of signature bank, which the fed would have had oversight of you correct me if i'm wrong, and i'm just wondering if something was missed that maybe that deal should have been questioned a little more firmly at the time it's easy to be monday morning quarterback now, but the fed does have oversight on this issue and one i think can credibly ask the question as to whether a ball was dropped somewhere, steve >> reporter: i think that's an excellent question, scott. i've also seen the history of these things where some of the banks who step in to take over these problems end up -- and, by the way, a lot of these things are done burning the midnight oil, and sometimes they do miss things, and so banks who have stepped in to help out the fed or the government in these situations end up taking considerable losses later on it's not unusual and appeared to be not big enough to withstand those issues, scott. >> the stock is down some 45%. the fed chair is sitting -- >> reporter:

like shadow banks. wolf is monitoring out the commercial market is shadowing the banking system, an important concern given what we have seen just this week that secretary yellen is responsible, too, for the critical work to safeguard national security by cracking down on illicit finance. i look forward to collaborating with her on the ways that bad actors make combat the efforts, including these tools, ultimately, we cannot allow another financial crisis, wherever the risks may come from, to set workers and consumers back. we need hard work, not financial speculation. we need a system that works for everyone, not just corporations, hedge funds, and not just the lobbyists who have far too much influence on this committee. we know that we are still far from that economy. you only have to look at corporate profiteering in the last few years. every time americans go to the grocery store, they pay for those executive bonuses. every time americans go to the grocery store, they pay for the stock buybacks and

it came to the west bank economy. now, one of them is cross border wages of $5.5 billion that's been affected by what's going on in the west bank, that is obviously a big worry for the palestinian economy. next. uh, one of the factors that has contributed to this is the palestinian authority's tax money being withheld. israel collects that money, the funds withheld uh is something that affects the economy of palestine, and uh, this is money that pays 143,00 workers to go spend it, but if they don't have it, how can they do that? next, the israely west bank aggression, over 400 palestinians have been killed, violence continues almost a daily basis and these two facts. factors obviously impacts the economy not only of israel but also of the occupied west bank. israel's genocidal war on the palestinians in the gaza strip and the regime's daily atrocities in the occupied west bank has devastated palestine's economy. apart from the catastrophic human losses, the onslot has resulted in the destruction of tens of thousands o

what a week of central bank action. surprise moves from the swiss national bank and taiwan as we end what has been a seismic week for global monetary policy. just in the first minute of trading, a staggered start in australia, 1/10 of 1% upside, we expect a mixed open for the equity session this friday in asia and investors are rethinking the one-way optimism that really propelled the hefty gains we saw in this part of the world and the u.s. session, fresh signs of inflation persisting in the u.s. and we are seeing the aussie dollar holding steady at 6570, we had a big move when it comes to that reaction of the labor market numbers we had yesterday. rba financial stability review is due out later. looking at the start of trading in japan and korea, a picture for u.k. -- nikkei for service -- futures up 1/10 of 1% but asian stocks researching to the high on the back of dovish expectations from the fed this week bell. annabelle: that is continuing to power u.s. stocks overnight with the s&p 500 hitting the 20th record hig

at the bank they were banking at politl beliefs. religious attacks and firearms. go to lawo constitutional law the fourth amendment in all basins that have to happen in order for ther information. all of this is happening without the person and knowing it is going on without a warrant, wiouend themselves. in the aftermath of the 2020 presidential election. u.s. departmentfasury told major banks to be on the lookout for credit and debit cards for the purchase of legal firearms for it is a gun owner's strong proponent of a second member writes it is appalling federal agency would ask private companies to spy on their customers conducting perfectly legal business transactions. it's not like there if criminalg on. these are just typical purchases of firearms. also pass along's bankrolling of bigotry and overview of the online funding strategies of american hate groups. included among the supposed of hate groups as the allianc defending freedom. we just represented before us today. i found this characterization curious because the adf th

when you are using a bank and the banking institution and they have given disclosure. if we want to make an affirmative disclosure were an individual has to specifically check off the box that allows them to be aware of it when they're opening a bank that is something else. but you do not need a warrant you can have voluntary disclosure because under our lawthe banks have a possession andpossession and ownership of that information. now, the other thing you have talked about is are we going to happen to on conservatives? no i am also concerned if the fbi were to do overreach. i am concerned with that. and i do understand this is so and we need to be careful about what they do. i find it very interesting that my colleagues witnesses mr. fanone is not a colleague of ours and is giving his opinion as a law-e was or something else you wanted to add? >> is in the context of this particular investigation one of the reasons why i believe the

the bank cannot help him.person transfers money himself, he himself gives logins, passwords and one-time codes for communication sessions from the point into the hands of criminals. about the account movements during the period when he transferred money to the scammers. according to the law, investigators can only send this application to in paper form, via regular mail. the bank processes the application in the same paper version and sends the investigators a detailed statement about the movement of the victim’s money during the theft. from dozens of payments , investigators need to choose exactly the one that the person transferred to the scammers’ account. after this there are paper requests to the banks for the accounts that were sent. money, answers come from there, sometimes all this stretches out for months. now let’s talk about how everything will happen when decree number 269 comes into force, for example, a person. knew that he transferred money scammers, he calls the bank and there his message about

rates of this bank. we invited the 6 banks whose non-compliance was evident in this matter, we invited their ceos, the members of the board of directors related to their branches , we warned them , reprimanded them and gave them a chance. correct their deposit rates. this action of the central bank is done in order to support production and with the aim of reducing the cost of financing. in the year the current year is also due to the naming of the year, which is the year of production growth and inflation control. the issue of production growth and the cost of production financing is one of the most important issues for us, and we always discuss this issue with the banks from the regulatory point of view, and the banks are also obliged to act within the framework of the central bank's regulations. revoking the professional qualification of ceos. banks will be one of the tools to deal with these delinquent banks. in the central bank, we have various dealing tools to deal with these banks, from the discip

there will be bank failures. this is not the big banks.you look at the very big banks it's not a first order issue for any of the large banks. it's more smaller and medium-sized banks that have the issues. we are working with them. we are getting through it. i think it's manageable is the word i would use. it's a very active thing for us and the other regulators. it will be for some senator cortez masto: do you have concerns -- let me ask you this. as you are talking with these small and medium-sized banks, we know there will be a contagion we have seen in the past, do you have concerns that if the financial sector? are you prepared or trying to address that and prevent that from happening? chair powell: we arerying to stay ahead of that. we also reached out to banks that had high concentrations of uninsured deposits and particularly uninsured deposits and a lot of commercial real sector. we are well aware of that issue. just trying to stay ahead of it on a bank by bank basis and overall. so far we have been able to do that. senator cortez

liz everett on the bank of america and marcy macgregor of merrill bank of america private bank. we begin with the top story. the fomc meeting getting underway as traders push back bets on the first cut beyond june. mark cabana is looking for discussions on the balance sheet , writing "the fed needs to prioritize how and when to slow qt given the reduction of excess liquidity in the system. slowing qt is fed priority number one." mark kicks off our show this morning. good morning. mark: thank you so much for being here. jonathan: let's kick it off with the balance sheet. what are the considerations that go into making a decision like the one they have to confront for next when he for hours? mark: we think the balance sheet will be an important point of discussion and the fed will have to answer the question of how far and how much excess liquidity so they want to remove from the system and how comfortable are they pulling that cash out of the banking system that appears to really be wanting to hold an elevated amount of reserve levels and cash levels. lisa: we are talking out of

it is not the large banks. it is a manageable thing at the large banks. i think that is what it is going to be. it is a problem. more serious than some locations and jurisdictions than with some banks than others. the silicon valley bank situation -- the money move so quickly in those cases. it was instantaneous. the velocity ofthose banks, i think contributed to their failures. are we looking at anything technologically that might to address some of that or mitigated? >> after silicon valley bank we got in contact with and worked with financial institutions that have high concentrations of uninsured deposits greatly improved their liquidity positions. as you know, we are also working on some liquidity rules, which will strengthen our framework of liquidity rules. that is something we have not proposed yet. >> let me ask you something off- topic. we know that russia has about $300 billion in u.s. -- we have frozen assets, russian assets of about $300 billion between u.s. and european banks. you want to comment on that? what i would like to see is us give

in russia than there are banks.e southernmost state of india, right on the slope of the tea plantation. jaful kant talks about the connection between his country and russia, more precisely about the common business, where there are no intermediaries in the form of the dollar, all mutual settlements are carried out directly through rupees and rubles. jafulkant. speaks fluent russian and was educated in the soviet union. the role of the dollar is tax. and vice versa, trading is conducted more stably, because when the dollar goes up and down, well, in exchange rates you won’t understand what will happen tomorrow, then this instability always expresses itself in trading. and when we have in our national currencies, there is no such ambiguity and complete. up to 25 tons of tea, coffee, rice and spices are sent from these plantations every day. jaful kant reveals secrets famous indian tea, how it is sorted by leaf size, which is suitable for bags and which for steeping, and how tea is evaporated. there are a lot of green

bank.urs and operate in the western and southern part of the state and north carolina. we are excited the expansion into north carolina. so that is our story. >> so four bank serves in the diversity of the banking sector in many respects you, this i

bank of japan does not want to be restrictive. other banks are more dovish. to support the economy. not many restrictive steps, but costs will go up, interest rates positive again. government policy will have to change and the yen will probably stabilize. tom: do you see repatriation of japanese funds? if not on this move, then through this year? >> this would be what would drive the yen. i do not expect it. companies have been investing. what they are doing is not about investing actively, but they have been building operations in the u.s. with major investment and income generated overseas. i do not think anyone is interested in holding both bonds when the yen become stronger. i expect more investment, no big movement in the yen for the foreseeable future. tom: theory interesting. more investment. the governors saying they will decide on the appropriate level. the governor says it is important to be accommodative, excitations to beat 2%. how resilient is the economy? >> major companies have been optimistic, but the economy has been driven by government spen

it is completely ready for banks to check electronic checks of other banks the central bank has also promised that conditions for electronic check cashing of one bank will be provided in other banks by force. the relief committee's client emphasized it. mr. raisi gave a mission to governors and governors to create handicraft products market at the entrance of the cities. each and every person in this hall was able to achieve economic independence with small loans from the relief committee. i started with 180 tomans now almost 3 billion capital, 3 billion capital, 1000 , mashallah, i started with 300 million tomans. i didn't have the initial capital to get started. with the help of the relief committee, i was able to do this work. i have 5 people working, except for god, i have a small factory. how many workers are currently on the schedule? 6 workers are working. did you think that one day you would be in this position? no , we never really thought about anything, but it was the support of the relief committee that got us here. i got a loan of 5 million in 2017, then i went to a kala

together a public bank. i'll talk about what the capability of the bank could look like in incentivizeing and promoting catalyzing investment into green energy across the city through clean powersf and public utility commission. then go into further description of elective pay or direct pay, a program from inflation reduction act that allows a non profit or tax exempt including the city government [indiscernible] finally, discuss different options for operationalizing electric pay through different program designs around the city and give a summary with new possibilities for project development. i want to leave you with a framework to best address your public clean energy development needs, particularly through staffing different provisions. let's get started. next slide, please. so, i'll speak to the green bank slides fairly quickly. i think it is important san francisco public bank as a investment institution is able to issue bonds, raise financing and directly lend to project developers. construction fina

brothers that were not banks at all but rather shadow banks or non-bank financial institutions had very little capital and where immensely highly leveraged. and their failure twitched off the financial crisis, the likes of which we had not seen since the great depression. as you mentioned in your opening comments, the toll that this took on american workers and businesses was literally enormous. the unemployment rate rose close to double digits. and it took almost a decade to recover from that. so making sure, we, of course focus on the banking sector. that there are non-banks that impose risks with their material distress or their failure can pose tremendous spillovers and risks to the entire financial system. when the council identifies such a firm. the appropriate way to handle that. frank created an ability to designate such firms, supervision by the federal reserve and they need to have higher risk management capital liquidity standards. >> following through with the non-bank designation guidelines. we know that terrorist groups like hamas, al qaeda, hezbollah have used digital ass

from this bank in this year's budget law, the state-owned banks of sepah and national banks were required to restore their capital to some extent through the issuance of debt securities. state banks are authorized in 1402 equivalent to 500,000 billion rials and with this action, the need of these two banks for the resources of the central bank for refinancing will be reduced. it creates financial capability. this will reduce the disparity, state banks can provide better corrections and better services in the form of corrections or other services that can actually be provided by banks. there is a presentation for people to actually present. papers whose publication was delayed several times. target legislator the decision he made was to include this capital increase in the financial statements by september. the plan was planned by the national banks and bank sepe at the end of azar. however, in terms of asset identification and asset valuation, this was not possible. the program organization was also waiting for the finalization of the final assets to issue the guarantee license. bekne, no

banks have a cost of funds and what they can earn. that is what matters is the spread. >> they do not even have to put it on their own balance sheets. i do not see how that is different than what they can already do. chr. powell: banks can earn a much bigger thread. the incentive is the same that it always was. this does not affect that. they have the ability to have reserves, but they are not earning a profit on that. they can earn a much bigger profit by lending smaller. >> you are supposed to pay for your operating costs off of cash flow. the fed has negative cash flow right now, so it is not entirely unrelated that the federal reserve operated at a loss in 2023 and is currently carrying 130 $3 billion loss on its balance sheet this year. it is not the right approach, i think, to be paying that much out in excess reserves to banks that are holding capital in the fed, when they could be deploying it into the market. the interest you are paying banks exceeds the income that you are getting on the balance sheet assets that you have to

banking technologies. the guest of this part of the maturity program is dr. mehran moharmian, the vice president of new technologies of the central bank, mr. dr. aghe. hello, i have a question, please ask in the name of hazrat haq i congratulate you on the new year and wish you to accept my prayers . i am at your service, dear viewers. be healthy, mr. doctor. nowadays , modern technology in the field of finance and banking has found a special role in people's lives. please tell me what actions you have taken in the past year. what have you done for the convenience of people's financial and banking activities , and what plans do you have in this year? in fact, please complete these measures. the bank's supervisory systems were discussed it was central in order to achieve the main goal of the bank, which you understand, the issue is actually inflation control , anyway, the year 1402 was decorated with the same name, and naturally, special measures had to be taken in this direction. to control inflation, it w

may be implemented, i think today the bank can rightfully be considered one of the most advanced banksterms of digitalization. we are assessing the effect of digitalization. already in the amount of about 350 billion rubles. and in almost all areas the growth of the client base has been ensured over the years. and we successfully restructured our business model, you know that the bank was very, probably, it would be fair enough to say that the number one bank in terms of working in foreign markets, had a large network of banks abroad. including in western countries, in great britain, in germany, we were the first to suffer, of course, from anti-russian sanctions, and already on february 24 they were introduced, this, of course, could not but affect our activities, because such active activity in attracting foreign investment, working in western markets, it, of course, was abruptly discontinued, but it must be said that today, probably, we can also say that... the bank takes a leading position in working in friendly markets, working with soft currencies, although i may talk about this a

these banks are problematic banks, so thank god, 12 of them were in 1401 13 banks have come out of loss and the year 1402 , although we are not far away now, the exact and final statistics will come out in the coming days, but we hope that all the banks under government management have come out of that loss. their profitability is the amount that they use for the adequacy of their capital, the figure is about 20-30 thousand billion tomans, the amount of capital increase that happened during the 3 years of the 13th government, and now you can say that this is 230 thousand billion tomans, or as our colleagues say, 230 thousand. now how much to be able to compare with the past, we can say that about 80% of the total capital increase is from the government. bank saderat well, a very good thing happened there and some other banks, which led to the fact that the power of their lending and the financial health of the banks themselves . in the banking issue of banks, you know that since the law was passed in 1994 , the banks that owe their surplus assets , the bank must use its own banking or e

and the second question, over the last month the central bank revoked the licenses of three banks, andthat it did not revoke the licenses for a year and a half. the media write that almost the end of the moratorium on revocation of licenses was announced, was there such a moratorium and should we expect new reviews? thank you. the issue of financial recovery of credit institutions is considered primarily when it comes to significant credit institutions that are experiencing problems with financial stability, they have a lack of capital, problems with solvency, the bank of russia, when it revoked the license of kievbank, it did not revoke it for a reason. and the revocation of the license, and our work here is targeted, and the revocation of the license is real an extreme measure, which is preceded by systematic work, we also issue instructions, so this is a targeted solution, we closely monitor, supervise the situation in specific banks, there was no moratorium, but... well, but if situations happen when the bank does not correct its position, either it is due to insufficient capital,

three daring crimes were committed in the city, in three banks., a computer cyber attack occurred, as a result of which these banks lost $30 million. bank security and ka department cannot find the culprit. this business. now he’s coming to his senses after an operation in the pervograd hospital, he’s a general, so maybe he shouldn’t worry, it’s a relapse, but no, that’s exactly what petrov says , that he knows who committed this cyberattack. there are journalists hovering around him, and he really wants to tell them something, i called the security service and told him not to let anyone come to him they let us in, but you know, our journalists will get through anyway, they won’t get through either, general, get rid of it, do it, as you said, your name is anna, anna, you know, anna, since my life, my health... well, , as far as i remember, there were a lot of clients on this day, more than usual, it was the fifteenth, yes, on this day the yuan rate went up sharply, oh, you are playing in the foreign exchange market, no, i just have a good memory,

new york community bank with, which acquired failed signature bank during the regional banking turmoiline from the fdic, the federal deposit insurance corporation? if joining me now in a fox business exclusive is the former fdic chair sheila bair. well, the way this is going, sheila, is that around the corner where the fdic is going to have to step in and say, heying everybody, it's fine, we will make sure to ensure all your depositors, each up to $250,000? -- insure. >> well, i certainly hope not. i mean, that would be surprising. i don't like to make predictions about whether banks are going to fail if or not can be. [laughter] but i would with observe that what the fed jutte a couple years ago approvedded this bank to acquire flag -- [inaudible] which increased its significantly. and ask and occ approved it to bid on signature's deposits and some of its assets. so presumably, both of those events involved a pretty deep dive into the health of the bank. so i'm assuming they felt by approving those transactions, they felt the bank was in reasonably good shape. so all of this is coming

banks. embedding and the result of the way one month from the date of this meeting. they should inform the central bank that they will definitely deal with the banks that in some way encourage non-observance of interest rates, in fact, they attract resources in the banking system . we invited 6 banks whose non-compliance was evident in this matter. we warned and reprimanded their managing directors and the members of the board of directors related to their branches, and gave these banks a chance to correct their deposit rates. this the action of the central bank is carried out in line with the support of production and with the aim of reducing the cost of financing. in this year, due to the naming of the year, which is the year of production growth and control... inflation is the issue of production growth and the cost of production, financing of production is one of the important issues for us, and we always discuss this issue with the banks from a supervisory point of view. in fact , we ha

revoked the license of strela bank.ranked 321st in russia; the population’s deposits in it, according to the bankru portal, in february amounted to as much as 166 thousand rubles. but the situation around the arrow is notable not for its scale, but for its trends. explaining why it revoked arrow's license, the central bank mentions kiwibank, which lost its license for a month back. the regulator indicates: strela bank specialized in providing money transfer services. between kiwibank and other participants in the banking services market, and significant volumes of settlements took place between individuals and shadow businesses, among which the central bank names crypto exchangers, illegal online casinos and bookmakers . another trend can be seen here: over the past month, the central bank has already revoked the licenses of three banks, and over the previous year and a half there have been no cases of license revocation. as the kommersant newspaper wrote, representatives of the central bank recently held a number of me

from here from the banks of the volga to the banks of another great river, the yandza, into the cityhtfully set out to learn chinese back in 2018. during the pandemic, communication moved online; last year the cities became twin cities; educational exchange between yaroslavl and the chinese city of nine rivers resumed. here they say this: humanitarian ties are the source of full-fledged economic interaction. it's interesting that the initiative is to cut through. but asia belongs not to schools, not to parents, not to businesses, but to local authorities. schoolchildren's trips to china are subsidized by the mayor's office. in my opinion, this is a very interesting direction, primarily from the point of view of the development of worldview, development, understanding among schoolchildren, how the educational process develops, how the world lives, and this is an additional interest in learning, this is an additional interest in knowledge, and for teachers, this is an opportunity to see the methods and practices of other cities, others. as if i had known this language all my life. afte

he has also worked at the world bank for 15 years. other notable points of his resume, he has served as pa's deputy prime minister, the economy minister and as abbas's economy advisor. other close to mahmoud abbas, he is not a fata member. mustafa is also sat on the palestine liberation organization. executive committee since the year 2022. now he's also served as the chairman of the palestine investment fund since 2005. this is important since he oversaw a fund with nearly a billion dollars in assets, so that's a lot of money. why is that important? not only did he oversaw gaza's reconstruction under hamas rule after earlier war between israel and hamas, mustafa will be responsible for overseing billions of dollars and expected international aid. the introduction of new minister is part of an effort by mahmoud abbas to reform the pa to create a technocratic government in the west bank. mustafa himself is widely regarded as an independent technocrat. he's been holding consultations with prospective cabinet members in recent weeks. the

all words you want from your bank. nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. annabelle: bloomberg opinion column must says it is still too early for investors to pivot away from u.s. markets given the country's exceptional economy. he also told miss about what he has seen in the fed's latest decision and jay powell's comments. >> eventually we had bottom up drivers. circular themes that were very powerful. but that valley was narrowing. now suddenly have a very powerful top-down factor that is coming in. central banks are clearly going to do what they want to do regardless of selective data progress. so these two things coming together is really powerful. >> were you surprised by what came out of the news conference from chairman powell? >> i was surprised to the extent by which he expressed patience. patience with inflation running higher. he basically dismissed that we had some surprising harder than expected inflation pr

banks leave the bank when they become insolvent. central overdrafts, but what is meant by natraz bank? natraz means that the side of the bank's assets, which can be its facilities, is real estate which he has, i request to your presence the companies he has, which should be in balance with the bank's debts which are deposits, lose this balance. that means , for example, the bank has provided facilities that have been burned, the discrepancies that are finally in an index called their own capital adequacy have disappeared. as the name suggests, does the capital of kafaf bank actually have the obligations that have been created or not? the resolution of the money and credit council says that this index for each bank should be at least 88 out of 29 banks of the institution. 17 banks and credit institutions of the country have capital adequacy below 8d, which in this between capital adequacy 9. it has been negatively registered , an issue for which capital adequacy regulations impose heavy fines, from the prohibition of trading in the b

are also larger than banks., the southernmost state of india, right on the slope of the tea plantation jaful kant talks about the connection between his country and russia, more precisely about the common business, where there are no intermediaries in the form of the dollar, all mutual settlements are carried out directly through rupees and rubles. jafulkant speaks excellent russian: he was educated in the soviet union. the role of the dollar is reversed. famous indian tea, how it is sorted, by leaf size, which one is suitable for bags and which one is for steeping, and how the tea is made evaporated? there are a lot of green leaves in tea , eyesight, they are left at the beginning, here on these grids on ribbons and hot air, and here moisture, moisture is pulled out, and up to 60% of the moisture comes out, conductors of goods and services in india, branches. let the collective west attack us and had to cut off russia from the outside world. in 2014, you said that if we were cut off from swift, it would be tant

credits or central bank credits.e combined together. increase us , but it will definitely not increase our inflation to the same extent, but as you saw, the decrease in liquidity growth did not decrease our inflation one by one, but at the same time, it can have a serious effect on growth. our production can also have an effect on inflation , but with a break, that is, as much as you can in iran's economy , you can increase the price of housing, better control it, increase your housing supply , increase your land supply. this action is an anti-inflation action as well as an action in the direction of production growth. the policies that we are taking, the credit policies should be of this kind. another aspect is to see that this is the reality in the banking system all over the world. this is only in the literature. this is not something that belongs to iran , credit restrictions lead to the forces the agents of zz, zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

he's born intokaram in the west bank. he holds a doctorate economics from george washington university in the us. he has also worked at the world bank for 15 years. other notable points of his resume, he has served as pa's deputy prime minister, the economy minister, and as abbas's economy advisor. other close to mahmoud abbas, he is not a fatha member. mustafa has also sat on the palestine liberation organization executive committee since the year 2022. now he's also served as the chairman of the palestine investment fund since 2005. this is important since he oversaw a fund with nearly billion dollars in assets, so that's a lot of money. why is that important? not only did he oversaw gaza's reconstruction under hamas rule after earlier war between israel and hamas, mustafa will be responsible for overseeing billions of dollars and expected international aid. the introduction of new prime minister is part of an effort by mahmoud abbas to reform the pa, to create a technocratic government in the west bank. mustafa himself

he has also worked at the world bank for 15 years. other notable points of his resume: he has served as pa's deputy prime minister, the economy minister and as abbas's economy advisor. of the close to mahmoud abbas, he is not a fata member. mustafa has also sat on the palestine liberation organization executive committee since the year 2022. now he's also served as the chairman of the palestine investment fund since 2005. this is important since he oversaw a fund with nearly a billion dollars in assets, so that's a lot of money. why is that important? not only did he oververs gaza's reconstruction under hamas rule after earlier war between israel and hamas, mustafa will be responsible for overseing billions of dollars and expected international aid. the introduction of new prime minister is part of an effort by mahmoud abas to reform the pa, to create a technocratic government in the west bank. mustafa himself is widely regarded as an independent technocrat. he's been holding consultations with prospective cabinet members in recent we

for example, representatives of alfa bank, gazprom bank, sofcom bank, home bank, post bank and akbars they were ready to forgive loan debts. parents, spouses and children of victims. vtb izber will consider write-off or other ways to reduce financial loads. mkb and uralsip will offer credit holidays. more than two dozen russian banks have already announced support measures. there is no need to wait for the bank itself to contact relatives or victims; it may simply not have the necessary contact. additional information, you need to independently contact, as i already said, the contact services of these banks and provide the relevant information; it is necessary, if possible, to contact more closely in subsequent moments in order to avoid possibility of any technical errors. continental hockey league clubs will use funds from the sale of tickets for upcoming matches to help those affected by... the terrorist attack. this was stated by omsk avangard and st. petersburg ska. the uralmash basketball club will do the same, as will many retail chains, restaurants and other entertainment estab

in the conduct of banking. by subjecting large check companies to the same consumer privacy standards that apply to financial institutions under the federal graham act, protecting consume data collection and the monetization of the personal information. cfpb estimates that the proposed rule would only apply to 17 entities. the agency has also made clear that its supervision of nonbank institution is based on risk size and financial transaction volume as well as the extent of state oversight. that is why the rule includes a threshold of five million payment transactions annually. i look forward to hearing from our panel lists this morning and stake holders as this rule making process. thank you, mr. chairman and i yield back the balance of my time. >> the gentleman yields back. we want to thank our witnesses for being here today and making the time. we are-- you'll be recognized for five minutes to give an oral objection your written statements will be made part of the record. we recognize the testimony of mr. h

the smaller banks, community banks are also filling effects of this. be sure and consider that when you start thinking about this. i appreciate that. one of the things that i had two different foreign bankers in my office. one of them brought up the subject to me, which is concerning with regards to artificial intelligence and impacting financial institutions and this country and our braking system. i said, think about this for a second. you find some individual who is a well-known individual, perhaps david ramsey, lou berg, someone has credibility. and suddenly see artificially produced advertisement or facebook post and this person says, we have 100 banks and may have a problem today. the individual did not do this. it is artificially produced. i've seen commercials where you cannot tell the difference between the individual and the real thing. we have come through the silicon valley situation. if you have real-time payments are transferring money and you have people scared to death by some well-known individual artificial intelligence that i can tel

the bank of england also held rates of 5.2 percent. so when will central bank start cutting rates? to discuss that, while i'm joined now from london by greg swenson, he's a founding partner at the match and thank break because i'm ready to be here. thanks for having a good time for you with us, greg. it's, it's a difficult one. is it? for 2024. 1. 1 does. central millions of others to around the world. what interest rates are going to fall if they fall in the tool? it's a, it's a really difficult challenge for these central banks because the inflation while it's come down, the rate of inflation has come down significantly. it's, you know, inflation is sticky and it's still above the targets in those places. and so they have a real challenge here. they don't want to, they made mistakes, a significant mistakes in the last few years by waiting too long to raise rates. so they have a bunch of which is the market right now. looks like it's indicating that the european central bank will, will cut rates in june as well as the fed in the us in june and the bank of england a little later an

well, he thinks that he will go back to the banks, the central bank, see the central bank. the central bank's monitoring tools are apparently weak. there is no other reason . if we make regulations , it has nothing to do with the central bank and the performance of the government . how did the parliament come to the seventh law of the development of crime? he pretended that if the water is taken illegally , he will be punished by prison in the law of the development plan, that is, in the law of the 7th development plan. which is now a bill, it has not yet become a law, this has been approved in the law , it has been criminalized in the development law, well , this is what the parliament knows . curbing inflation is the same as increasing liquidity and creating money by banks, which are like printing money , that is, they are printing money, they are printing bills without backing, this is a major problem that should be ok, and then other criteria should be set, such as not allowing brokers to sell dollars as a job, this is very harmful. to the place where we can do producti

the bank of england also held rates of 5.2 percent. so when will central bank start cutting rates? to discuss that, while i'm joined from london by greg swenson, he's a founding palm at the match and thank break because i'm great to be here. thanks for having a good time for you with us, greg. it's, it's a difficult one. is it for 2024. 1. 1 does a central millions of others to around the world. what interest rates are going to fall if they fall in the tool? it's a, it's a really difficult challenge for the central banks because the inflation while it's come down, the rate of inflation has come down significantly. it's, you know, inflation is sticky and it's still above the targets in those places. and so they have a real challenge here. they don't want to, they made mistakes, a significant mistakes in the last few years by waiting too long to raise rates. so they have a bunch of j, which is the market right now. looks like it's indicating that the european central bank will, will cut rates in june as well as the said in the us in june and the bank of england a little later in the

a control of inflation, d strengthening the supervision of the central bank on institutions and banks. 3 directing liquidity towards the real sector of production. the difference we can make in the banking sector. let's see the system design between our own country and developed countries smart to direct liquidity in its real sector. do you agree with the transparency of votes and gifts and letters of mps? yes , they agree with transparency in all matters. should the salary of employees and workers increase according to the rate of inflation or according to it? they don't increase salaries to the extent of inflation because they believe that this increase in salaries will cause inflation. in this case, my point is that we should not reduce the size of people's tables in order to control inflation . do you agree with the removal of subsidies for high -income earners and the rich? basic goods in the hands of the people, by giving cheap dollars to producers and importers, do you agree or not to give subsidies to the people? i agree with giving subsidies to the people themselves . indirec

bank mellat, national bank, and various banks in the country are protecting the system. they are controlling the system and preventing it. let's make the system smart. now we are talking about smartening the electricity network . we are talking about smartening the gas network . should we continue manually ? in my opinion, we must make the network smart, by the way, people are doing it right now the smart system works, many people didn't have a mobile phone one day , now everyone has a mobile phone, they buy recharges, they buy internet recharges, they go to different apps, they pay , they make deposits. people are getting subsidies , how do they get subsidies? he went through the system, registered , and is getting his subsidy. well, if the same person does this, the same person has my share of gasoline there, just tick a box and say, "i want to sell my share of gasoline myself ." it will go to the system network. the money comes in. it can be done and by the way people choose you the report you gave was that 18 people answered this question on your tv program, which wa