Monzo, British Digital Bank, Achieves Monthly Profitability Milestone Following Surge in Lending
Monzo on Wednesday said it hit profitability for the first time this…
FDIC Reports Steepest Drop in US Bank Deposits in 39 Years at the Start of 2023
FDIC reports the steepest drop in US bank deposits in 39 years, as customers shift savings to higher-yielding alternatives amid the rising rate environment.…
SNB Stands Firm on Rate Increase, Denies Responsibility for Credit Suisse's Downfall
Swiss National Bank Chairman Thomas Jordan on Wednesday defended recent interest rate…
National Bank of Canada's Profit Declines Due to Rising Provisions
National Bank of Canada reported a fall in second-quarter profit on…
UAE Central Bank Releases Anti-Money Laundering and Counter-Terrorist Financing Guidelines for Virtual Assets
The UAE Central Bank has issued new anti-money laundering and counter-…
China's economy faces further strain as youth unemployment reaches unprecedented levels
As youth unemployment in China rises to a record high, college graduates…
India's RBI anticipated to maintain current rates until year-end, with a potential rate cut forecasted in early 2024, according to a Reuters poll.
The Reserve Bank of India (RBI) will leave its key interest rate…
World Bank approves $1 billion loan for Kenya's development projects
The World Bank said on Tuesday it approved a $1 billion loan…
Colombia's central bank may consider ending rate hikes if inflation continues to decelerate, according to board chief
Colombia’s central bank could call time on its upward monetary cycle…
Bank of Japan reports first unrealized loss on government bonds in 17 years
The Bank of Japan reports its first unrealised loss on government bonds in 17 years, as global monetary tightening pressures reach Japanese fixed income markets.…
European Central Bank (ECB) cautions about potential impact on major European banks if funds face difficulties
The euro zone’s top banks may take a hit if their…
Goldman's sovereign business leader, Powell McCormick, joins a merchant bank
Dina Powell McCormick (NYSE:MKC), the head of Goldman Sachs Group Inc…