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U.S. Regulators Set to Impose 20% Hike in Capital Requirements on Major Banks, Reports WSJ

U.S. Regulators Set to Impose 20% Hike in Capital Requirements on Major Banks, Reports WSJ

US regulators prepare to impose a significant capital requirement hike on major banks, with implications for lending, dividends, and strategic planning.…

International Banks Extend $500 Million Commercial Loan to Kenya

International Banks Extend $500 Million Commercial Loan to Kenya

Following the World Bank’s approval of a $1 billion loan for…

US Regulator Warns Against Storing Cash in Venmo and PayPal

US Regulator Warns Against Storing Cash in Venmo and PayPal

Payment apps like PayPal and Venmo might be convenient, but they’re…

ECB's Visco Optimistic that Declining Energy Prices Will Aid Inflation Control

ECB's Visco Optimistic that Declining Energy Prices Will Aid Inflation Control

The rapid decline in energy costs should help to tame inflation in…

Virtual Account Management Gains Traction Among Corporate Customers

Virtual Account Management Gains Traction Among Corporate Customers

How long is too long to open a corporate account? Many U.…

Japan's MUFG Empowers Domestic Banks in Issuing Stablecoins

Japan's MUFG Empowers Domestic Banks in Issuing Stablecoins

Mitsubishi UFJ Financial Group (MUFG), the biggest financial institution in Japan, has…

Fed Set to Skip June Rate Hike, Entering a Lengthy Pause before Potential Cuts, Morgan Stanley Reports

Fed Set to Skip June Rate Hike, Entering a Lengthy Pause before Potential Cuts, Morgan Stanley Reports

The Fed signals a pause in rate hikes after June, with Morgan Stanley forecasting a lengthy hold before potential cuts begin - reshaping the outlook for bank margins.…

RBI-MPC Likely to Make Minor Downward Revision to Inflation Forecast: Bank of Baroda Chief Economist

RBI-MPC Likely to Make Minor Downward Revision to Inflation Forecast: Bank of Baroda Chief Economist

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may…

ECB's Visco Expresses Preference for Gradual Rate Hikes Instead

ECB's Visco Expresses Preference for Gradual Rate Hikes Instead

The European Central Bank’s monetary policy is correct though a more…

Kenya Central Bank Deems Digital Currency Not a 'Compelling Priority'

Kenya Central Bank Deems Digital Currency Not a 'Compelling Priority'

Kenya’s central bank does not consider the issuance of a digital…

Carvana Scraps $1 Billion Debt Swap as Creditors Refuse to Agree

Carvana Scraps $1 Billion Debt Swap as Creditors Refuse to Agree

Carvana Co. canceled a $1 billion debt swap after a group of…

Fed Expected to Maintain Rate-Hike Pause Despite Robust Data

Fed Expected to Maintain Rate-Hike Pause Despite Robust Data

Federal Reserve officials, whose hike, skip or pause messaging on interest rates…