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China’s Interest Rate Shift Raises Concerns of Following Japan’s Path

A headline on China’s economy this week stated that the nation’s big, state-owned banks would be reducing interest rates on deposits in order to...

Goldman Sachs Decreases US Recession Probability to 25% Following Debt Deal

Goldman Sachs Group Inc. lowered its estimate of the odds of a US recession over the next 12 months to 25% based on waning...

Morgan Stanley Predicts Slump in US Earnings for 2023, Followed by Strong Rebound in the Following Year

Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts...

El-Erian Highlights Fed’s Message Problem Following Early Rate Pause Signals

The Federal Reserve shouldn’t have led investors to expect a pause in interest-rate hikes in June before officials saw last month’s jobs numbers, says...

Monzo, British Digital Bank, Achieves Monthly Profitability Milestone Following Surge in Lending

Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of the U.K.’s most prominent...

Turkey’s Lira Hits New All-Time Low Following Erdogan’s Re-election

The Turkish lira sank to a fresh record low Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending...

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 increased, making it the latest lender to take a profit hit due...

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 interest rate increases "had become less certain," with several saying that the...

Indian Banks to Witness Profit Surge Following Bank Notes Withdrawal

A key metric of profitability for Indian banks, lending margins, is set to get a boost as the nation’s decision to withdraw its highest-value...

Mexico Maintains Unchanged Key Interest Rate Following Consecutive Hikes

The Bank of Mexico has decided to keep the key interest rate unchanged at 11.25 per cent, putting an end to consecutive rate hikes...

Small US banks face a record drop in deposits following SVB’s collapse

Deposits at small US banks dropped by a record amount following the collapse of Silicon Valley Bank on March 10, data released on Friday...

Chinese officials detain staff of US due diligence firm following raid

Chinese authorities have raided the Beijing office of US-headquartered due diligence firm Mintz Group and detained five staff. “We can confirm that Chinese authorities have...

Jack Dorsey’s net worth falls $526 million following Hindenburg short

Block Inc. co-founder Jack Dorsey’s net worth was hammered after Hindenburg Research’s latest report, which alleged the payments company ignored widespread fraud. Dorsey’s fortune plunged...

Credit Suisse Identifies Significant Control Weaknesses Following SEC Prompt

Credit Suisse Group AG said it found “material weaknesses” in its reporting and control procedures for the past two years, after questions from US...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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