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US Treasury Utilizes More Than 90% of Special Measures to Manage Debt Limit

The US Treasury had just $33 billion of extraordinary measures left to help keep the government’s bills paid as of May 31, the department...

Bank of Canada to Maintain Rates for the Rest of the Year, but Possibility of at Least One More Hike

The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to a majority...

Thailand Needs to Generate More Revenue to Stimulate Spending, Advises World Bank

Thailand must bolster its revenue collection in the long term to meet growing public spending needs stemming from an aging population, according to the...

IMF urges Fed to raise rates more, stating “The job is not quite yet done”

The International Monetary Fund said Friday in a new report that the US can avoid a recession this year, and that the Federal Reserve...

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...

Will more U.S. banks fail in the near future?

While the sudden collapse and seizure of Silicon Valley Bank (SIVBQ) by the FDIC on March 10 caused a loss of confidence in the...

World Bank may offer $50 billion more in loans over the next decade through reform

The World Bank’s ongoing reform could result in a $50 billion lending boost over the next decade, Treasury Secretary Janet Yellen told AFP ahead...

World Bank Nominee Banga Backs Lending Expansion and Promises More

The U.S. nominee to run the World Bank, Ajay Banga, said on Wednesday that he supports his predecessor's proposal to expand the bank's annual...

Billionaire Leon Cooperman Signals More Economic Turmoil and Recommends These 2 Stocks as Safeguards

We’re in a turbulent economic environment right now, and the headwinds are piling together, putting up an ominous cloud on the financial horizon. Billionaire...

Morgan Stanley Analysts Anticipate Commercial Real Estate to Suffer More than During the Great Financial Crisis

After the banking crisis, could the next domino be all those empty office buildings in your downtown? Investors and economists are sounding the alarm...

JPMorgan says more banks could run out of reserves like SVB if pace of this deposit flight continues

U.S. banks are using reserves to cover for the cash that depositors are withdrawing, setting up a potentially calamitous situation down the road, JPMorgan...

Can Taking on More Debt Solve Problems for Regional Banks?

A lot of discussion right now is about the bonds that American banks hold. There should be more about the bonds they issue, too....

Economists predict one more rate hike from the Fed before easing pressure in 2024

It seems that Jerome Powell's work isn't yet done, with economists expecting the Fed to stay true to its word and raise rates one...

UBS’s Kelleher Claims Credit Suisse Integration More Complex Than 2008 Crisis Deals

UBS Group AG Chairman Colm Kelleher said that the task of integrating Credit Suisse Group AG is bigger than any deal that was executed...

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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