Georgian Central Bank Lowers Key Interest Rate by 25 Basis Points to 10.25%
Georgia’s central bank cut its key refinancing rate to 10.25%…
Banking
Bank of Japan Deputy Governor Dismisses Possibility of Early Exit from Ultra-Easy Policy
The Bank of Japan’s decision last week to tweak its bond…
UBS Cuts Credit Suisse Investment Bank Staff, Shuts Houston Office, Says Source
UBS Group (UBSG.S) is laying off employees from Credit Suisse’s…
Insight: Some Small US Banks Not Ready for Emergency Borrowing from Fed
The lightning-fast collapse of Silicon Valley Bank this spring laid bare an…
Egypt's Currency Squeeze Pushes Bank Foreign Buffers to a New Low
Net foreign assets held by Egypt’s commercial banks went into a…
Bank of England Evaluates Possibility of Slower UK Rate Hikes
The Bank of England is likely to boost interest rates again on…
BOJ Intervenes for the Second Time This Week to Curb Yield Spike
The Bank of Japan came into the market for the second time…
MUFG to Purchase $936 Million Stake in U.S. Bancorp Post Unit Sale
Mitsubishi UFJ Financial Group Inc. will buy a stake in U.S.…
HSBC's Income Doubles as Rising Rates Boost Performance; Announces $2 Billion Share Buyback
HSBC Holdings (HSBA.L) raised its key profitability target and announced a…
National Bank Expands Tech Book by Acquiring SVB's Canadian Portfolio
National Bank of Canada’s deal for Silicon Valley Bank’s Canadian…
Mike Cagney's Blockchain Startup, Figure, Withdraws Bank-Charter Application
Figure Technologies Inc., a blockchain startup founded by former SoFi Technologies Inc.…
Australia Extends Rate Pause for Second Consecutive Month as Prices Ease
Australia’s central bank kept its key interest rate unchanged on Tuesday…