Nigeria Grants Exemption to Small Lenders from Cash Withdrawal Limits and Penalties
Nigeria’s central bank exempted mortgage banks and certain microfinance lenders from…
UBS Predicts Departure of Credit Suisse Wealth Veterans in Hong Kong
UBS Group AG has seen a round of exits within its wealth…
Inflation Eases Further in Sri Lanka, Offering Reprieve in July
Sri Lanka’s inflation pace reached single digits for the first time…
Dollar Rises on the Back of Fed Loan Survey, Yen Slides
The dollar strengthened on Monday after a survey from the Federal Reserve…
Swiss National Bank Records $15 Billion Loss in Second Quarter
The Swiss National Bank (SNBN.S) said on Monday it lost 13.…
Fed Survey Shows US Banks Reporting Tighter Credit, Weaker Loan Demand
U.S. banks reported tighter credit standards and weaker loan demand from…
RBA Holds Rates Steady as Inflation Eases, Leaves Room for Future Hikes
The Reserve Bank of Australia held interest rates steady on Tuesday as…
Gold Rises as Top Central Banks Adopt More Cautious Approach
Gold yesterday settled up by 0.5% at 60082 as top central…
Europe's Economy Bounces Back as Inflation Keeps Declining
The euro area economy is growing again, but may struggle to maintain…
Bank of Japan Increases Bond Purchases as 10-Year JGB Yields Reach 9-Year High
Japan’s benchmark 10-year government bond yield surged to a nine-…
Minneapolis Fed Chief Kashkari Optimistic About US Economy Avoiding Recession Amid Continuing Inflation Fight
The odds of the U.S. avoiding a deep recession and achieving…
Richest Asian Banker Kotak Under Pressure to Choose Outsider Successor, Say Sources
India’s banking regulator is nudging Kotak Mahindra Bank Ltd. to select…