Morgan Stanley CEO Attributes 2023 Bank Failures to 'Stupidity of Their Own Management
Morgan Stanley CEO James Gorman blamed mismanagement and recklessness for the spate…
World's Central Banks Approach 2024 with Cautious Steps—Here's Why
Some of the world’s major central banks – including the US Federal…
Japan Banks Rush to Strengthen Asset Management Business Amid Government Reform Push
The Japanese government’s reform push for the country’s $5 trillion…
Japan's Core Inflation Slows, Providing Breathing Room for BOJ in November
Japan’s core inflation slowed sharply in November to a pace unseen…
Mongolia Initiates Historic Move: Opens Door to Foreign Banks for Financial Sector Expansion
Mongolia is opening its door to foreign banks for the first time…
Deutsche Bank's Postbank Under Pressure as Employees Seek 15.5% Pay Hike
Deutsche Bank AG is facing a demand for a 15.5% pay…
Revolut Issues Delayed Accounts in Effort to Advance Towards UK Bank License
British online bank Revolut Ltd. published its delayed accounts for 2022 on…
Nigeria Faces Cash Crunch Again on Anniversary of Failed Demonetization Campaign
Nigerians are hoarding cash again amid memories of a failed official campaign…
UK Economy Shrinks, Escalating Risk of Recession
The UK economy unexpectedly shrank in the third quarter, raising the possibility…
Turkey Implements Another Interest Rate Hike Alongside New Tightening Measures
Turkey’s central bank delivered its seventh straight interest-rate hike as…
Swiss Franc Hits Highest Level Against Dollar Since 2015
The Swiss franc jumped to its highest level against the dollar since…
China's Big Banks Adjust Deposit Rates, Indicating a Move Towards Policy Easing
China’s biggest state-owned banks are slashing deposit rates again, fueling…