Bank of Korea Keeps Interest Rates Unchanged, Signaling Continued Battle against Inflation
The Bank of Korea left interest rates unchanged for a third straight…
Banking
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.…
Vietnam's Central Bank Plans Additional Policy Rate Cuts
The State Bank of Vietnam will cut the refinancing rate by 50…
Former Fed Chair Bernanke Calls for Further Economic Slowdown as Solution to Inflation
Former Federal Reserve Chair Ben Bernanke, who steered the central bank during…
UBS Chairman Foresees Rise in Customer Balances After Credit Suisse's Rescue
UBS (UBSG.S) has been a net gainer in customer balances following…
Citi Withdraws $7 Billion Banamex Sale Amidst Growing Scrutiny by AMLO
Citigroup Inc. plans to sell shares of its Banamex unit in an…
Bank of Montreal's Performance Below Expectations as Loan-Loss Set-Asides Increase
Bank of Montreal posted a surprise drop in fiscal second-quarter profit…
Fed's Decision on More Rate Hikes Becomes Less Definite Following May Meeting
Federal Reserve officials “generally agreed” last month that the need for further…