Central Bank – Page 2 – Charm

Judge denies request seeking to make Fed’s FOMC rate meeting public this week

Cs news6 months ago05 mins

The Federal Reserve won a legal victory Monday when a federal judge denied a request for a temporary restraining order compelling the central bank’s Federal Open Market Committee (FOMC) to open its rate deliberations to the public starting Tuesday and Wednesday. The request came as part of a lawsuit filed by money manager Azoria Capital…

Exclusive-Russia’s VTB to gain billions of roubles if interest rates come down, CFO says

Cs news7 months ago06 mins

By Elena Fabrichnaya ST PETERSBURG, Russia (Reuters) -Every 1% cut in central bank interest rates gives Russia’s VTB Bank an extra 20 billion roubles ($250 million) in net profit, CFO Dmitry Pyanov told Reuters, which benefits the government as the state-owned lender plans to distribute 50% of its profits via dividends – half of it…