Kenya Central Bank Deems Digital Currency Not a 'Compelling Priority'
Kenya’s central bank does not consider the issuance of a digital…
Banking
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
Federal Reserve officials, whose hike, skip or pause messaging on interest rates…
Fed Should Deliberate a Potential Half-Point Rate Increase in July, Advises Summers in Case of June Pause
The Federal Reserve should be open to raising interest rates by a…
El-Erian Highlights Fed's Message Problem Following Early Rate Pause Signals
The Federal Reserve shouldn’t have led investors to expect a pause…
JPMorgan Raises Expectations for India's 2024 Economy, While Exercising Prudence Due to Global Uncertainties
JPMorgan increased its 2024 economic forecast for India — but only marginally — saying…
Unveiling the Attraction: Wealthy Americans and Their Affinity for UBS, the Swiss Banking Powerhouse
With its $3.2 billion acquisition of Credit Suisse, UBS is poised…
Eurozone's Inflation Plummets, Ignites Debate on Rate Cut in European Central Bank
Inflation in the Eurozone has decelerated to its slowest pace since Russia’…
Bank of Canada to Maintain Rates for the Rest of the Year, but Possibility of at Least One More Hike
The Bank of Canada will keep its key interest rate on hold…
JPMorgan President Sounds Alarm on Decreasing Loan Demand and Impact of US Economic Slowdown
JPMorgan Chase & Co (NYSE:JPM)’s President and Chief Operating Officer…
RBI Unveils Draft Guidelines to Bolster Security Controls for Digital Payments
The Reserve Bank of India (RBI) on Friday issued a draft master…
Swedish Central Bank Raises Concerns Over Risks to Financial Stability
Due to high inflation and increasing interest rates, Sweden’s financial stability…