Morgan Stanley CEO James Gorman blamed mismanagement and recklessness for the spate of bank failures earlier this year.
In an attempt to forestall another financial...
The Japanese government's reform push for the country's $5 trillion asset management industry has sparked a series of action plans from top Japanese banking...
Japan's core inflation slowed sharply in November to a pace unseen in over a year, data showed on Friday, highlighting easing cost-push pressures that...
Mongolia is opening its door to foreign banks for the first time to support its developing banking sector, the country’s finance minister said.
The move...
Nigerians are hoarding cash again amid memories of a failed official campaign around this time last year to demonetize high-value naira notes.
Many ATMs have...
Turkey’s central bank delivered its seventh straight interest-rate hike as part of efforts to curb inflation that’s seen accelerating to 70% in the coming...
The Swiss franc jumped to its highest level against the dollar since 2015, when Switzerland’s central bank abandoned its policy to contain currency strength.
The...
China’s biggest state-owned banks are slashing deposit rates again, fueling expectations this will create more wiggle room for the central bank to cut lending...
British lender Co-Operative Bank said it’s in “exclusive discussions” with Coventry Building Society over a potential merger after receiving some non-binding proposals from prospective...
Brazil’s central bank trimmed its 2024 economic growth forecast as strong household consumption dwindles in the face of restrictive monetary policy.
The bank expects gross...
