Rates Spark: Hawkish ECB Not Helping French Government Bonds

By Siddhi Nayak and Divya Patil   Indian microfinance lenders are facing renewed strains on their portfolios as price pressures and weak monsoon threaten rural incomes, raising the risk of defaults across the industry’s $35 billion loan book.   “A weak monsoon could slow loan growth as lenders tighten underwriting standards and…

Federal Reserve policymakers see an interest rate hike as likely if inflation does not ease in the coming months, according to newly released meeting minutes. Minutes from the Federal Open Market Committee meeting held in Washington, DC, on July 28 and 29 suggest that there is growing acceptance on the panel that an increase to…

A Washington-based woman pleaded guilty to impersonating a financial advisor in a scheme that defrauded at least 28 victims of more than $3 million, the Justice Department announced.  According to court documents, Jenni Yoon Jeong Lee is a 53-year-old woman based in Federal Way, Wash., a Seattle suburb about 20 miles from the city. She pleaded guilty…

(RTTNews) – Stocks may move to the upside in early trading on Monday, regaining ground after ending the previous session well off their worst levels but still mostly lower. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.2 percent. Optimism about…

Consumer protection advocates are speaking out against a provision in Congress’s proposed cryptocurrency legislation, claiming it would allow financial firms to sidestep state oversight of artificial intelligence. In a letter last week to U.S. Sens. John Thune (R-SD) and Chuck Schumer (D-NY), 78 groups urged lawmakers to oppose a proposed “sandbox” provision of the CLARITY…

Just days after the Markets in Crypto-Assets regulation became fully applicable on July 1, the European Parliament called on the European Commission to identify gaps in the current crypto rulebook and assess whether further regulation is needed. For brokers and institutional firms, it signals that areas currently outside MiCA are likely to receive greater regulatory…