UAE central bank asks lenders to defer loan repayments for six months to help flood-hit residents
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US Federal Reserve, UAE Central Bank keep interest rates unchanged
The UAE Central Bank (CBUAE) kept interest rates unchanged on Wednesday after the US Federal Reserve held interest rates steady citing “lack of further progress” on inflation. The CBUAE has decided to maintain the base rate applicable to the overnight deposit facility (ODF) at 5.40 percent. “The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity at 50 basis points above the base rate for all standing credit facilities,” the central bank said. ...
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Dutch banks need better money laundering checks and more vigilence says central bank
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
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Washington Trust Bank, Federal Home Loan Bank of Des Moines award $200,000 to RootedHomes, NeighborImpact
BEND, Ore. (KTVZ) -- Washington Trust Bank, the largest independently owned full-service bank in the Northwest, has partnered with the Federal Home Loan Bank of Des Moines to award a total of $200,000 in grant dollars from the FHLB Des Moines Member Impact Fund to two Central Oregon affordable housing organizations. Recipients include RootedHomes in