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FDIC Reports Steepest Drop in US Bank Deposits in 39 Years at the Start of 2023

FDIC Reports Steepest Drop in US Bank Deposits in 39 Years at the Start of 2023

FDIC reports the steepest drop in US bank deposits in 39 years, as customers shift savings to higher-yielding alternatives amid the rising rate environment.

SNB Stands Firm on Rate Increase, Denies Responsibility for Credit Suisse's Downfall

SNB Stands Firm on Rate Increase, Denies Responsibility for Credit Suisse's Downfall

Swiss National Bank Chairman Thomas Jordan on Wednesday defended recent interest rate

National Bank of Canada's Profit Declines Due to Rising Provisions

National Bank of Canada's Profit Declines Due to Rising Provisions

National Bank of Canada reported a fall in second-quarter profit on Wednesday

UAE Central Bank Releases Anti-Money Laundering and Counter-Terrorist Financing Guidelines for Virtual Assets

UAE Central Bank Releases Anti-Money Laundering and Counter-Terrorist Financing Guidelines for Virtual Assets

The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing

China's economy faces further strain as youth unemployment reaches unprecedented levels

China's economy faces further strain as youth unemployment reaches unprecedented levels

As youth unemployment in China rises to a record high, college graduates

India's RBI anticipated to maintain current rates until year-end, with a potential rate cut forecasted in early 2024, according to a Reuters poll.

India's RBI anticipated to maintain current rates until year-end, with a potential rate cut forecasted in early 2024, according to a Reuters poll.

The Reserve Bank of India (RBI) will leave its key interest rate

World Bank approves $1 billion loan for Kenya's development projects

World Bank approves $1 billion loan for Kenya's development projects

The World Bank said on Tuesday it approved a $1 billion loan

Colombia's central bank may consider ending rate hikes if inflation continues to decelerate, according to board chief

Colombia's central bank may consider ending rate hikes if inflation continues to decelerate, according to board chief

Colombia’s central bank could call time on its upward monetary cycle

Bank of Japan reports first unrealized loss on government bonds in 17 years

Bank of Japan reports first unrealized loss on government bonds in 17 years

The Bank of Japan reports its first unrealised loss on government bonds in 17 years, as global monetary tightening pressures reach Japanese fixed income markets.

European Central Bank (ECB) cautions about potential impact on major European banks if funds face difficulties

European Central Bank (ECB) cautions about potential impact on major European banks if funds face difficulties

The euro zone’s top banks may take a hit if their

Goldman's sovereign business leader, Powell McCormick, joins a merchant bank

Goldman's sovereign business leader, Powell McCormick, joins a merchant bank

Dina Powell McCormick (NYSE:MKC), the head of Goldman Sachs Group Inc

Sri Lanka's central bank to keep rates unchanged as inflation remains elevated

Sri Lanka's central bank to keep rates unchanged as inflation remains elevated

Sri Lanka’s central bank is expected to keep rates unchanged at