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Monzo, British Digital Bank, Achieves Monthly Profitability Milestone Following Surge in Lending
achieves

Monzo, British Digital Bank, Achieves Monthly Profitability Milestone Following Surge in Lending

Monzo on Wednesday said it hit profitability for the first time this
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Pete Sadler
FDIC Reports Steepest Drop in US Bank Deposits in 39 Years at the Start of 2023
2023

FDIC Reports Steepest Drop in US Bank Deposits in 39 Years at the Start of 2023

US banks lost $472 billion in deposits in the first quarter, according
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Pete Sadler
SNB Stands Firm on Rate Increase, Denies Responsibility for Credit Suisse's Downfall
Banking

SNB Stands Firm on Rate Increase, Denies Responsibility for Credit Suisse's Downfall

Swiss National Bank Chairman Thomas Jordan on Wednesday defended recent interest rate
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Pete Sadler
National Bank of Canada's Profit Declines Due to Rising Provisions
bank

National Bank of Canada's Profit Declines Due to Rising Provisions

National Bank of Canada reported a fall in second-quarter profit on Wednesday
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Pete Sadler
UAE Central Bank Releases Anti-Money Laundering and Counter-Terrorist Financing Guidelines for Virtual Assets
and

UAE Central Bank Releases Anti-Money Laundering and Counter-Terrorist Financing Guidelines for Virtual Assets

The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing
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Pete Sadler
China's economy faces further strain as youth unemployment reaches unprecedented levels
Banking

China's economy faces further strain as youth unemployment reaches unprecedented levels

As youth unemployment in China rises to a record high, college graduates
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Pete Sadler
India's RBI anticipated to maintain current rates until year-end, with a potential rate cut forecasted in early 2024, according to a Reuters poll.
2024

India's RBI anticipated to maintain current rates until year-end, with a potential rate cut forecasted in early 2024, according to a Reuters poll.

The Reserve Bank of India (RBI) will leave its key interest rate
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Pete Sadler
World Bank approves $1 billion loan for Kenya's development projects
approves

World Bank approves $1 billion loan for Kenya's development projects

The World Bank said on Tuesday it approved a $1 billion loan
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Pete Sadler
Colombia's central bank may consider ending rate hikes if inflation continues to decelerate, according to board chief
according

Colombia's central bank may consider ending rate hikes if inflation continues to decelerate, according to board chief

Colombia’s central bank could call time on its upward monetary cycle
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Pete Sadler
Bank of Japan reports first unrealized loss on government bonds in 17 years
bank

Bank of Japan reports first unrealized loss on government bonds in 17 years

The Bank of Japan’s (BOJ) unrealized losses on its holdings of
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Pete Sadler
European Central Bank (ECB) cautions about potential impact on major European banks if funds face difficulties
about

European Central Bank (ECB) cautions about potential impact on major European banks if funds face difficulties

The euro zone’s top banks may take a hit if their
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Pete Sadler
Goldman's sovereign business leader, Powell McCormick, joins a merchant bank
bank

Goldman's sovereign business leader, Powell McCormick, joins a merchant bank

Dina Powell McCormick (NYSE:MKC), the head of Goldman Sachs Group Inc
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Pete Sadler
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