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IMF Commends Sri Lanka's Debt Management Collaboration with China's Exim Bank
Banking

IMF Commends Sri Lanka's Debt Management Collaboration with China's Exim Bank

Amid its financial challenges, Sri Lanka has received commendation from the International
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Pete Sadler
GCC Economy Expected to Expand by 3.7% in 2025, Says World Bank
News

GCC Economy Expected to Expand by 3.7% in 2025, Says World Bank

The Gulf Cooperation Council economy is estimated to grow by 3.6
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Pete Sadler
Chinese Parliament Pushes Banks for Increased Involvement in Property Finance
News

Chinese Parliament Pushes Banks for Increased Involvement in Property Finance

China’s banks should step up funding for property developers to reduce
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Pete Sadler
Turkey Nearing Possible Rate Milestone Beyond 36% if Rates Rise
News

Turkey Nearing Possible Rate Milestone Beyond 36% if Rates Rise

Turkey is turning another corner in ending an era of ultra-loose monetary
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Pete Sadler
ICBC, World's Largest Bank, Continues to Encounter Trader Caution Post Cyberattack
Banking

ICBC, World's Largest Bank, Continues to Encounter Trader Caution Post Cyberattack

Industrial & Commercial Bank of China Ltd., the world’s largest lender
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Pete Sadler
Credit Card Expenditure Soars 38%, Reaches Record High
Banking

Credit Card Expenditure Soars 38%, Reaches Record High

Credit card spends rose 38.3% year-on-year(y-o-y) to an all-time high
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Pete Sadler
Binance Witnesses Over $1 Billion Withdrawn by Users After CEO's Departure and Guilty Plea
News

Binance Witnesses Over $1 Billion Withdrawn by Users After CEO's Departure and Guilty Plea

Outflows from Binance have amounted to more than $1 billion in the
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Pete Sadler
UBS Chief Sergio Ermotti Advocates Stricter Sanctions for Negligent Bankers
Banking

UBS Chief Sergio Ermotti Advocates Stricter Sanctions for Negligent Bankers

UBS chief executive Sergio Ermotti has called for greater powers for Switzerland’
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Pete Sadler
Australian Bank Threatens Reduced Bonuses Unless Staff Return to Office
Banking

Australian Bank Threatens Reduced Bonuses Unless Staff Return to Office

One of Australia’s largest banks has warned its staff that they
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Pete Sadler
China's Troubled Shadow Bank Signals $36 Billion Shortfall Warning
Banking

China's Troubled Shadow Bank Signals $36 Billion Shortfall Warning

Embattled shadow banking giant Zhongzhi Enterprise Group Co. has revealed the depth
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Pete Sadler
India's Central Bank Governor Raises Concerns Over Credit Exuberance
Banking

India's Central Bank Governor Raises Concerns Over Credit Exuberance

India’s central bank Governor Shaktikanta Das warned banks to undertake stress
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Pete Sadler
Citi Engages in Talks to Initiate New Private Credit Strategy in Early 2024
Banking

Citi Engages in Talks to Initiate New Private Credit Strategy in Early 2024

Citigroup Inc. is in discussions to start a new direct-lending strategy by
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Pete Sadler
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