Top Economists Advocate Bolder Action in Tackling the 'Crisis of Extreme Inequality'
More than 230 economists and political leaders have called on the United…
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.…
Economists Foresee Final Rate Hike at Fed's July Meeting
The U.S. Federal Reserve will raise its benchmark overnight interest rate…
UK Borrowing Costs Plummet Following Surprise Drop in Inflation
U.K. government borrowing costs fell sharply Wednesday morning as a cooler-than-expected…
China's Economic Recovery Hindered by Cautious Consumer Confidence, ADB Notes
China’s cautious consumer confidence has been a “a dampener” for its…
Wall Street Banks Demonstrate Their Reign in Surveillance Report
What crisis?
It turns out that higher interest rates really are better…
ECB to Demand Weekly Liquidity Data from Banks Amid Increasing Scrutiny
The European Central Bank plans to substantially tighten how it monitors liquidity…
South African Inflation Returns to Central Bank's Desired Range
South Africa’s inflation rate fell below the central bank’s target…
UK Inflation Dips Below 8% for First Time in Over a Year
Britain’s inflation rate dropped to the lowest in 15 months, fueling…
Big Banks' Earnings Signal Challenges Ahead for Smaller Banks
JPMorgan Chase and Wells Fargo on Friday reported year-over-year net income growth…
Regional Banks Compete for Deposits Amid Looming Tougher US Rules
The biggest US banks are facing tougher competition for deposits and shelling…
Bank of America Faces the Risk of Growing Bond Losses in Q2
Bank of America likely has another loss to report on its bond…