Credit Card Expenditure Soars 38%, Reaches Record High
Credit card spends rose 38.3% year-on-year(y-o-y)…
Binance Witnesses Over $1 Billion Withdrawn by Users After CEO's Departure and Guilty Plea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…
UBS Chief Sergio Ermotti Advocates Stricter Sanctions for Negligent Bankers
UBS chief executive Sergio Ermotti has called for greater powers for Switzerland’…
Australian Bank Threatens Reduced Bonuses Unless Staff Return to Office
One of Australia’s largest banks has warned its staff that they…
China's Troubled Shadow Bank Signals $36 Billion Shortfall Warning
Embattled shadow banking giant Zhongzhi Enterprise Group Co. has revealed the depth…
India's Central Bank Governor Raises Concerns Over Credit Exuberance
India’s central bank Governor Shaktikanta Das warned banks to undertake stress…
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…
Canada's Slowing Inflation Sparks Potential for Rate Cuts
Consumer prices in Canada rose at the slowest pace since June, a…
Barclays Predicts Fed Will Maintain Rates in January
Barclays said on Wednesday it no longer expects the U.S. Federal…
Central Bank of Brazil Can Pursue Rate Reductions, States Campos Neto
Brazil’s central bank has room to continue lowering interest rates as…
Slok Warns of Sustained Elevated Funding Costs for Regional Banks
US regional banks are seeing “permanently” elevated funding costs relative to their…
BOE Governor Advises Markets Against Quick Expectations of Inflation Reduction
Andrew Bailey has warned markets against underestimating the persistence of UK inflation…