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Chinese Banks Maintain Unchanged Lending Rates Following PBOC's Pause
Banking

Chinese Banks Maintain Unchanged Lending Rates Following PBOC's Pause

Chinese banks kept their benchmark lending rates unchanged on Thursday, in line
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Pete Sadler
Morgan Stanley Raises $6.75 Billion in Debt Sale Amid Bond Rush
Banking

Morgan Stanley Raises $6.75 Billion in Debt Sale Amid Bond Rush

Morgan Stanley added to the recent wave of bank bond sales in
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Pete Sadler
Fed Expected to Hike Rates to 22-Year Peak in Economist Poll
Banking

Fed Expected to Hike Rates to 22-Year Peak in Economist Poll

Most economists expect the Federal Reserve to lift interest rates one more
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Pete Sadler
Euro Area Dodges Recession as 1st Quarter Stagnates
News

Euro Area Dodges Recession as 1st Quarter Stagnates

The euro-area economy avoided a winter recession after all, with revised data
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Pete Sadler
Think Tank Calls for BOE to Study Impact of QE on UK Economy
News

Think Tank Calls for BOE to Study Impact of QE on UK Economy

The Bank of England should conduct a formal review of its quantitative
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Pete Sadler
Fed Imposes $186 Million Fine on Deutsche Bank for Control Lapses
Banking

Fed Imposes $186 Million Fine on Deutsche Bank for Control Lapses

Deutsche Bank AG will pay a $186 million penalty after a Federal
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Pete Sadler
Bank CEOs Voice Concerns Over Unseen New Regulations
Banking

Bank CEOs Voice Concerns Over Unseen New Regulations

Earnings season is officially underway, which means the CEOs of America’s
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Pete Sadler
Goldman Sachs Reports 58% Drop in Profits Amid Dealmaking Downturn
Banking

Goldman Sachs Reports 58% Drop in Profits Amid Dealmaking Downturn

Goldman Sachs reports a 58% drop in quarterly profits as dealmaking activity slumps and the consumer lending retreat continues to weigh on results.
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Pete Sadler
Top Economists Advocate Bolder Action in Tackling the 'Crisis of Extreme Inequality'
News

Top Economists Advocate Bolder Action in Tackling the 'Crisis of Extreme Inequality'

More than 230 economists and political leaders have called on the United
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Pete Sadler
BofA Reports Surging Profit Driven by Interest Income and Investment Banking Gain
Banking

BofA Reports Surging Profit Driven by Interest Income and Investment Banking Gain

Bank of America reports surging profits driven by higher interest income and investment banking gains, outperforming expectations in Q2 2023.
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Pete Sadler
Economists Foresee Final Rate Hike at Fed's July Meeting
News

Economists Foresee Final Rate Hike at Fed's July Meeting

The U.S. Federal Reserve will raise its benchmark overnight interest rate
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Pete Sadler
UK Borrowing Costs Plummet Following Surprise Drop in Inflation
News

UK Borrowing Costs Plummet Following Surprise Drop in Inflation

U.K. government borrowing costs fell sharply Wednesday morning as a cooler-than-expected
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Pete Sadler
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