Morgan Stanley CEO Attributes 2023 Bank Failures to 'Stupidity of Their Own Management
Morgan Stanley CEO James Gorman blamed mismanagement and recklessness for the spate…
Banking
World's Central Banks Approach 2024 with Cautious Steps—Here's Why
Some of the world’s major central banks – including the US Federal…
Japan Banks Rush to Strengthen Asset Management Business Amid Government Reform Push
The Japanese government’s reform push for the country’s $5 trillion…
Japan's Core Inflation Slows, Providing Breathing Room for BOJ in November
Japan’s core inflation slowed sharply in November to a pace unseen…
Mongolia Initiates Historic Move: Opens Door to Foreign Banks for Financial Sector Expansion
Mongolia is opening its door to foreign banks for the first time…
Deutsche Bank's Postbank Under Pressure as Employees Seek 15.5% Pay Hike
Deutsche Bank AG is facing a demand for a 15.5% pay…
Revolut Issues Delayed Accounts in Effort to Advance Towards UK Bank License
British online bank Revolut Ltd. published its delayed accounts for 2022 on…
Turkey Implements Another Interest Rate Hike Alongside New Tightening Measures
Turkey’s central bank delivered its seventh straight interest-rate hike as part…
China's Big Banks Adjust Deposit Rates, Indicating a Move Towards Policy Easing
China’s biggest state-owned banks are slashing deposit rates again, fueling expectations…
Co-Op Bank of UK Engages in Exclusive Merger Talks with Coventry
British lender Co-Operative Bank said it’s in “exclusive discussions” with Coventry…
Brazil Central Bank Adjusts Downward 2024 Economic Growth Forecast
Brazil’s central bank trimmed its 2024 economic growth forecast as strong…
Public Disclosure Policy Introduced by Fed's Regional Banks
The Federal Reserve’s 12 regional banks adopted a limited policy for…