2025 Outlook: French Central Bank Anticipates Economic Recovery
French economic activity will only pick up in 2025 as lower inflation…
Banking
Credit Suisse Oversight: Swiss Authorities Face Criticism for Mishandling
About six months before Credit Suisse was sold to rival UBS in…
Bank of America Issues Early Warning of Mild Recession at Year's Start
Back in January, Bank of America was one of many investment banks…
Chinese Banks Increase Bad Loan Sales in Response to Escalating Consumer Defaults
Chinese banks are putting bad loans up for sale at a record…
Global Non-Bank Sector Experiences Significant Retreat Amidst Higher Rates
Multi-trillion dollar non-banking finance saw its first major retreat last year since…
Metro Bank Declines to Sell £3 Billion Mortgage Portfolio
Metro Bank Holdings Plc said it’s no longer considering the sale…
Citi's Onshore China Investment Bank Plans Face Delays Due to Data Law
Citigroup Inc.’s push to set up a wholly-owned securities business in…
BOJ Maintains Suspense Over Negative Rate, Stalling Yen Rally Leaves Traders Guessing
Bank of Japan Governor Kazuo Ueda kept investors in the dark on…
Central Bank Predicts French Inflation to Decelerate to 1.8% in 2025
The Bank of France trimmed its forecasts for inflation this year and…
AI Introduces Banks to Novel Paths of Recurring Historical Errors
The extraordinary hype around artificial intelligence this year touched the finance industry,…
Bank of Canada Chief Macklem Forecasts Rate Reduction in 2024
Bank of Canada Governor Tiff Macklem said he expects to start cutting…
Argentina Implements Unconventional Move, Slashing Key Rate to 100% through Policy Tool Swap
Argentina’s central bank changed its benchmark tool for monetary policy Monday,…