…The pointyheads at Bank Underground (the BoE blog) have gone where few serious people have gone before: to the metaverse….

…“Many traders are expecting direct backing and guarantees from state banks ,” said one Shanghai-based trader at an Asian brokerage….

…The Innovative Finance for the Amazon, Cerrado and Chaco scheme has a goal for its signatories to release $200mn by the end of 2022….

…But Irish banks could have an advantage over their European rivals….

…“Credit, like equities, is a simple animal,” said Michael Hartnett, chief investment strategist at Bank of America Global Research….

…Yesterday’s move by the People’s Bank of China is the first rate cut since January….

…This has meant that it has not seen much benefit from the Bank of England starting its rate rise cycle sooner than many of its G10 peers….

…“They are the most inactive of the virtual banks ,” an adviser to Hong Kong’s virtual banks said. “They have no real marketing in Hong Kong, people in the industry wonder what they are doing.”…

Americans are infamously indebted.

Rules will impose tight scrutiny on non-conventional applicants