Russian Central Bank Implements Unexpected Rate Hike, Raises to 8.5%
Russia’s central bank hiked its key interest rate by a greater-…
Banking
US Banks' Reserves Remain Stable, Easing Concerns Over Liquidity Drainage
A feared liquidity drainage in the U.S. banking system as the…
Yen Weakens, Dollar Strengthens as Bank of Japan Set to Keep Loose Policy
The yen dropped against the dollar on Friday after Reuters reported the…
Indian Forex Reserves Surpass $600 Billion, Near Highest Level in 15 Months
India’s foreign exchange reserves (INFXR=ECI) rose for a third straight…
World's Best Sub-Custodian Banks for 2023 Announced
For financial institutions seeking to expand globally, sub-custodians serve as the…
Bernanke Anticipates Next Fed Interest Rate Hike Could Mark the End of a Trend
The Federal Reserve’s widely expected increase in interest rates next week…
Capital One Financial Surpasses Profit Estimates, Boosted by Increased Interest Income
Consumer lender Capital One Financial reported a second-quarter profit on Thursday…
UK Implements Stricter Rules for Bank Account Closures Following Blacklisting Complaints
Banks in Britain will be forced to explain and delay any decision…
US Regional Bank Stocks Decline Due to Mixed Performance; Discover Hit by Regulatory Review
U.S. regional bank stocks fell on Thursday after quarterly earnings showed…
Sri Lanka's Parliament Passes Bill to Enhance Central Bank's Autonomy
Sri Lanka’s parliament on Thursday approved a new law to improve…
South African Central Bank Governor's Remarks on Interest Rate Decision
Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago…
First Abu Dhabi Bank's Quarterly Profit Skyrockets Amidst Higher Interest Rates
First Abu Dhabi Bank PJSC reported a surge in earnings as it…