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The Banker
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- 1India central bank's FX intervention drains nearly $20 billion in liquidity●India central bank's FX blitz drains nearly $20 billion from surplus liquidity, bankers say
The Reserve Bank of India's heavy intervention in foreign exchange markets has drained close to $20 billion from the country's surplus liquidity, according to bankers. The central bank has been selling dollars to support the rupee, absorbing rupee funds in the process and tightening cash conditions in the banking system.
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Senator Davi Alcolumbre's bid for reelection to a Senate leadership post is struggling, with reporting from Diário do Poder saying his position has been worn down by his entanglement with banker Daniel Vorcaro. Vorcaro, head of Banco Master, has been at the center of controversy in Brazil, and Alcolumbre's association with him is said to be costing him support among senators ahead of the vote.
- 3Bank of England governor calls for 'right to intervene' in AI●We need ‘right to intervene’ in AI amid growing threat, says Bank of England boss https://www. theguardian.com/technolog
Bank of England governor Andrew Bailey has called for regulators to have a 'right to intervene' in artificial intelligence, warning of a growing threat from the technology. Bailey argued that authorities need powers to step in as AI systems become more powerful and embedded in the financial system and wider economy. His comments add a senior regulatory voice to the global debate over how quickly AI should be policed.
- 4Alasdair Macleod Warns Fiat Currency Collapse May Come Sooner Than Expected●End of Fiat Currency Coming Faster Than Most Think - Here's How You Survive: Alasdair Macleod
Alasdair Macleod, a London-based gold market commentator and former banker, argues that the end of fiat currency could arrive faster than most people anticipate, and lays out steps he says can help individuals protect their wealth. His remarks have drawn heavy attention, resonating with audiences worried about inflation, government debt levels and the erosion of confidence in paper money, and fueling renewed debate over gold and hard assets as safeguards.
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Shaza Andersen is the subject of business news coverage. Andersen is a banker known for founding WashingtonFirst Bank in the Washington, DC area and serving in senior leadership roles in the regional banking sector. Beyond the headline, the reports offer few specifics, and it is not yet clear what development or announcement involving her is prompting the attention.
- 6Fed's Musalem stresses transparency over policy promises▼Fed's Musalem (2028 voter) says central bankers needn't make promises, but should tell the public how and why central bank makes policy decisions
St. Louis Fed President Alberto Musalem, a voting member on the rate-setting committee through 2028, said central bankers do not need to make promises about future policy, but should explain clearly how and why decisions are made. His remarks feed the ongoing debate about how much forward guidance the Federal Reserve owes markets and the public, especially as officials weigh the path of interest rates.
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Goldman Sachs has automated the voting options available to retail investors, according to Private Banker International. The move means individual shareholders can have their proxy votes processed and submitted without manual handling. Details on the technology used, rollout scope and client adoption were not provided, and Goldman Sachs has not publicly commented beyond the announcement.