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NAB, Westpac, ANZ and CommBank respond to Reserve Bank of Australia's cash rate hike, amplifying mortgage pain for Australians.
Banking

NAB, Westpac, ANZ and CommBank respond to Reserve Bank of Australia's cash rate hike, amplifying mortgage pain for Australians.

All four major banks have passed on the Reserve Bank of Australia’
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Pete Sadler
Banks failure to pass on higher interest rates results in customers losing out on £23bn
Banking

Banks failure to pass on higher interest rates results in customers losing out on £23bn

Households are missing out on £23bn a year because banks are not
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Pete Sadler
Global stock market sell-off triggered by concerns over health of US banks
Banking

Global stock market sell-off triggered by concerns over health of US banks

Stock markets have gone into sharp retreat globally, including in the UK,
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Pete Sadler
Silicon Valley Bank works to restore client confidence following 60% stock value loss
Banking

Silicon Valley Bank works to restore client confidence following 60% stock value loss

SVB Financial Group scrambled on Thursday to reassure its venture capital clients
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Pete Sadler
SVB sparks concerns over capitalization, leading to a decline in bank stocks
Banking

SVB sparks concerns over capitalization, leading to a decline in bank stocks

The S&P 500 bank index tumbled nearly 6% on Thursday
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Pete Sadler
Bank of Canada requires additional evidence to determine whether rates are sufficiently high
Banking

Bank of Canada requires additional evidence to determine whether rates are sufficiently high

The Bank of Canada needs more evidence to gauge if interest rates
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Pete Sadler
JPMorgan ending banking relationship with crypto exchange Gemini - source
Banking

JPMorgan ending banking relationship with crypto exchange Gemini - source

JPMorgan Chase & Co is cutting ties with Gemini, the cryptocurrency exchange
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Pete Sadler
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