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Central banks discuss digital currency amid Facebook's Libra and China's digital yuan

News | Cryptocurrencies | 12 Oct 2020

A group of seven major central banks including the US Federal Reserve have discussed how a digital currency could look like to help catch up with Facebook’s Libra and China’s digital yuan.

Central banks, CBDC, Bank of England, digital renminbi, Facebook Libra, US Federal Reserve

S&P Global Ratings expects credit losses of 1.3 trillion across banking systems

News | Payments General | 13 Jul 2020

S&P Global Ratings, a rating agency, has announced in a report that the COVID-19 pandemic and responses to it will have long-lasting effects on bank asset quality. 

S&P, banks, S&P Global Ratings, COVID-19, coronavirus, banking, Asia-Pacific, China, North America, Western Europe, US, Canada, loan, US Federal Reserve

US Federal Reserve sets up new community for upcoming instant payment offering

News | Payments General | 08 May 2020

The US Federal Reserve has created a new group to advise on its planned faster payments service, the FedNow Service.

US Federal Reserve, instant payment, US