Paraguay's central bank liquidates Ueno Bank, which held 850 million dollars of public funds
The takeover on 3 November followed a solvency ratio below 50%; President Santiago Peña resigned before an impeachment vote, Euronews reports.
Victoria Shinder
Contributing writer
Writes about the distance between what a central bank says and what it is understood to have said.
Signed pieces
The Bank of England hikes into an energy shock as Schnabel argues for reversible tools
Within one week the BoE raised rates pre-emptively, an ECB board member listed lessons on commitments and the Riksbank moved to shrink its own currency risk.
Ueda: Japan's surplus rests on investment income of over 6% of GDP, kept up by firms' saving
In the IMF's Camdessus lecture the BoJ governor traced how firms became chronic net savers after the bubble and offset ageing households.
Bank of England data chief Ben Martin: first a cloud data platform, then AI with guardrails
The Chief Data Officer describes an enterprise data platform deployed this year, over 2,000 registered data assets and a plan to enable, equip and empower staff.
Riksbank raises its policy rate to 2% and says further hikes are likely next year
Supply disruptions and a weaker krona are expected to push CPIF and underlying inflation above 2% next year; the new rate applies from 11 November.
PRA and FCA float lighter rules for UK credit unions and a path to become building societies
A joint discussion paper asks the sector of more than two million members about less red tape for small unions and risk-based capital for larger ones.
Bank of Japan's JGB holdings fall to 505.3 trillion yen, 52.9 trillion less than a year ago
The Bank's accounts for 31 October show total assets of 626.2 trillion yen, against 696.3 trillion a year earlier, while current deposits were 418.5 trillion.
US Treasury tells its borrowing panel Q3 GDP grew 3.4%, led by a 20.9% jump in equipment
The economy statement for the Treasury Borrowing Advisory Committee also reports payrolls averaging 51,000 a month and net exports subtracting 3.3 points from growth.
ECB blog: SEPA reaches 41 countries, but south-eastern Europe pays 6-12% to send cash home
Survey data from six countries show about two-thirds of remittance recipients use cash via relatives or money transfer operators instead of bank transfers.
T+1 in October 2027, tokenised settlement next: how the ECB and UK wire up digital securities
Piero Cipollone set out the Eurosystem's path from T+1 to Pontes and Appia; days later the UK approved a link between two digital depositories for its first digital gilt.