Bloomberg unveils finance-focused AI model Bloomberg GPT
Bloomberg, a leading financial data services provider, this week unveiled a new…
Markets and the economy survived a tough first quarter, but it's not going to get any easier
The economy and stock market head into the second quarter facing both…
Japan's Regional Banks Resilient to Foreign Bond Losses, According to Regulatory Official
Japanese regional lenders will be well able to weather even “large” losses…
Egypt's Jumbo Rate Hike Viewed as Insufficient by Bond Buyers in Fight against Inflation
Egypt’s 200 basis-point interest rate hike has not satisfied bond…
Reduction in Fed's Emergency Loans to Banks Indicates Easing Financial Turmoil
Banks reduced their borrowings from two Federal Reserve backstop lending facilities in…
Eurozone Records Highest Ever Core Inflation
Core inflation in the eurozone hit a record in March, a setback…
Flight to Money Funds Adds to Pressure on Small Banks
Keeping interest rates on deposits near zero is becoming increasingly untenable, with…
FDIC Completes SVB Deal by Exercising $500 Million in First Citizens Stock
Regulator Federal Deposit Insurance Corporation (FDIC) exercised its equity rights in First…
Canadian Economy Shows Unexpected Strength Despite Recent Interest Rate Increases
Canada’s economy kept growing at the start of this year, defying…
Fed's Preferred Inflation Measure Rises Below Expectations, Spending Moderates
A key gauge of US inflation rose last month by less than…
Collins Points to History to Defend Fed's Stance on Inflation
Federal Reserve Bank of Boston President Susan Collins said that there’s…
Europe Seeks to Streamline the Closure of Mid-Sized Banks
The European Union wants to make it easier to wind down medium-…