China’s SWIFT Move

China’s SWIFT Move follows Russia in adopting a SWIFT alternative – before possible sanctions strike it. China International Payment System (CIPS) fully complies with standards and is due to be launched in September Continue Reading →

Greek Banks Backed by ECB

Greek Banks Backed by ECB with The European Central Bank approving €68.3 billion as a two-week extension on emergency liquidity for Greek banks. The ECB had already raised the total Continue Reading →