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The US has many banks thanks to Thomas Jefferson, says expert
Banking

The US has many banks thanks to Thomas Jefferson, says expert

The U.S. has a lot of banks. So many, in fact,…
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Pete Sadler
US bank lending sees steepest decline on record in late March
Banking

US bank lending sees steepest decline on record in late March

US bank lending contracted by the most on record in the last…
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Pete Sadler
Seeking safety: Investors turn to Asian banks
Banking

Seeking safety: Investors turn to Asian banks

The US-led banking turmoil is driving money into Asian assets, with…
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Pete Sadler
ECB will keep raising interest rates, says Knot
Banking

ECB will keep raising interest rates, says Knot

The European Central Bank has to continue to raise borrowing costs, according…
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Pete Sadler
China's Central Bank Increases Gold Reserves for the Fifth Consecutive Month
Banking

China's Central Bank Increases Gold Reserves for the Fifth Consecutive Month

China boosted its gold reserves for a fifth straight month, extending efforts…
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Pete Sadler
Kazakhstan Central Bank keeps key rate unchanged as inflation concerns linger
Banking

Kazakhstan Central Bank keeps key rate unchanged as inflation concerns linger

Kazakhstan kept borrowing costs unchanged for the third time this year and…
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Pete Sadler
Sri Lanka's FX Reserves Surge to $2.69 Billion in March with IMF Assistance
News

Sri Lanka's FX Reserves Surge to $2.69 Billion in March with IMF Assistance

Sri Lanka’s foreign exchange reserves grew in March to the highest…
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Pete Sadler
Central Europe's central bankers emphasize hawkish outlook for economies
Banking

Central Europe's central bankers emphasize hawkish outlook for economies

Central bankers across central Europe have doubled down on their hawkish policy…
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Pete Sadler
Greek Economy to Experience 2.2% Growth in 2023 with Cautionary Measures, States Cenbank Chief
Banking

Greek Economy to Experience 2.2% Growth in 2023 with Cautionary Measures, States Cenbank Chief

Greece’s economy will grow by 2.2% in 2023, its central…
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Pete Sadler
JPMorgan Chase CEO predicts challenging economic conditions ahead
Banking

JPMorgan Chase CEO predicts challenging economic conditions ahead

The banking crisis caused by the recent collapse of Silicon Valley Bank…
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Pete Sadler
Fed's emergency lending to banks decreases, yet stays at significant levels
Banking

Fed's emergency lending to banks decreases, yet stays at significant levels

Banks once again reduced their borrowings from two Federal Reserve backstop lending…
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Pete Sadler
Russia reports cutting oil output by 700,000 barrels per day in March
News

Russia reports cutting oil output by 700,000 barrels per day in March

Russia reports cutting oil output by 700,000 barrels per day in March, with implications for global energy markets and the economic outlook.…
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Pete Sadler
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