Surprise Jump in Jobless Claims Causes Dow Jones to Fall; Costco's Sales Drop
The Dow Jones Industrial Average fell Thursday morning after a surprise jump…
Banking
U.S. Banks Using Promotions to Encourage Customers to Deposit Funds, Say Analysts
For months, consumers have clamored for banks to pay out more for…
Banks Offering 5.15% 1-Year CD Rates: A Roundup
These days, if you’re depositing your nest egg in a traditional…
Surprise Half-Point Rate Hike by RBNZ Causes Jump in Kiwi
New Zealand’s central bank unexpectedly raised interest rates by 50 basis…
Swiss Regulator Warns of Full-Scale Bank Run if Credit Suisse Goes Bankrupt
Allowing the bankruptcy of troubled lender Credit Suisse
would have crippled Switzerland’…
ECB Officials Unite in Support of Ending Rate Hikes Soon
A growing chorus of European Central Bank officials predicts that interest-rate increases…
UBS Chair Expects Credit Suisse Integration to Last Up to Four Years
UBS Group AG Chairman Colm Kelleher said the integration of Credit Suisse…
World Bank Nominee Banga Backs Lending Expansion and Promises More
The U.S. nominee to run the World Bank, Ajay Banga, said…
Switzerland Lowers Bonus Payouts for Credit Suisse's Senior Management
Switzerland has instructed Credit Suisse (CSGN.S) to cancel or reduce all…
Morgan Stanley Lowers Regional Banks Outlook, Prompting Western Alliance's Financial Update to Suffer Share Price Drop
The outlook for bank stocks remains muddy with first quarter earnings around…
Ecuador's Central Bank Cuts 2023 Growth Forecast on Reduced Oil Exports
Ecuador’s central bank on Friday cut the Andean country’s economic…
IMF Unlocks $5.4 Billion in Funds to Argentina, Bolstering Reserves
The International Monetary Fund (IMF) approved Argentina’s fourth review under its…