EU Approves UBS' Acquisition of Troubled Credit Suisse
The Swiss government-brokered sale of Credit Suisse Group AG to UBS Group…
Banking
RBI Likely to Acquire $18 Billion Bonds for Cash Injection, According to ICICI's Analysis
India’s central bank may buy as much as 1.5 trillion…
Royal Bank to Scale Back Hiring Following Earnings Disappointment Due to Increased Costs
Royal Bank of Canada missed analysts’ estimates as expenses and loan-loss provisions…
German Banks Embrace Cryptocurrency at a Gradual Pace, Primarily for Institutional Investors
Doubts regarding crypto remain among German banks, but there is a growing…
JPMorgan to Discontinue Renewal of Personal Credit Lines for First Republic Customers, According to Source
JPMorgan Chase & Co has told clients with personal credit lines at…
Nymbus Secures $70M Funding to Drive Digital Transformation in Banking Sector
Nymbus, a startup that partners with banks to migrate their legacy stack…
Bank of Korea Keeps Interest Rates Unchanged, Signaling Continued Battle against Inflation
The Bank of Korea left interest rates unchanged for a third straight…
South Africa Raises Interest Rates to Highest Level Since 2009; Rand Plummets
South Africa’s central bank raised rates to the highest level in…
Brazil's Inflation Reaches 2-1/2 Year Low, Increasing Pressure on Central Bank to Cut Rates
Inflation in Brazil continued to slow down in early May, data from…
Early Round of Stress Test Shows EU Banks Weathering the Storm
Many large European banks are emerging from early rounds of a key…
Commercial Bank of Kuwait CEO Warns that Banking Turmoil is Far from Over
The current turmoil in the banking industry, which has seen the collapse…
Why European Banks Outshine U.S. Rivals: Insights from Analysts
European banks are looking stronger and more attractive than their U.S.…