• BOJ backs new premier’s focus on jobs, signals readiness to ease more

    BOJ backs new premier’s focus on jobs, signals readiness to ease more0

    By Leika Kihara, Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan will monitor not just inflation trends but job growth in guiding policy, its governor Haruhiko Kuroda said, signalling the BOJ’s readiness to ramp up stimulus if job losses from the coronavirus crisis heighten the risk of deflation. FILE PHOTO: A man wearing a

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  • Wealthfront’s unlikely tapping of Sheila Bair and Tom Curry signals likely push to

    Wealthfront’s unlikely tapping of Sheila Bair and Tom Curry signals likely push to0

    The Redwood City robo-advisor’s addition of two renowned former chief banking regulators brings legitimacy and guidance that could lead to a margin-fattening bank charter and help solve the robo-advisor’s problem of high client acquisition costs. Brooke’s Note: Maybe someday we’ll talk about Wealthfront as a great bank that got off to two false starts. First,

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  • ECB signals lifting of ban on bank dividends next year

    ECB signals lifting of ban on bank dividends next year0

    Eurozone banks will be allowed to pay dividends again from next year if they convince supervisors that their balance sheets are strong enough to survive the economic and financial fallout from the coronavirus pandemic, a senior European Central Bank executive has said. The ECB ordered eurozone banks to stop all dividends and share buybacks to

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