Banking
Banking Related News Articles from All over the world.
Australia’s Central Bank Cuts Interest Rates for the First Time Since 2020
The Australian dollar briefly went up after the decision before reversing its gains. Australia’s central bank...
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Egypt’s Inflation Slows to 23.2% in January, But Food Prices Keep Rising
Food security is still a significant problem, with Egypt buying 80% of its wheat from Russia...
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Bank of England Warns of Economic Stagnation, Approves Interest Rate Cuts
The Bank of England expects the inflation to increase from 2.5% to 3.7%, above the 2%...
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New Zealand to Invest $290M in State-Owned Kiwibank to Challenge Big Four Banks
This initiative will enable the New Zealand-owned bank to compete more vigorously against the four Australian-owned...
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The Bank of Canada Has ‘Won’ the Fight Against Inflation By Lowering Interest Rates To 3.75%
Tiff Macklem, the governor of the Bank of Canada (BoC), told the reporters after reducing the...
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Adjusted Interest Rates Turn Positive in Turkey as Inflation Slows to 48.3%
The shift of Turkey to a looser bias most likely indicates that a first-rate decrease is...
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Visa Gets Sued For Illegally Dominating The Debit Card Market
Visa's extensive financial system handled over $3.3 trillion worth of transactions in its most recent quarter....
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HSBC UK Challenges New Fraud Compensation Rules Amid Rising Scam Cases
The head of fraud at the HSBC in the UK, David Callington stated that the new...
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Citigroup’s China Expansion Faces Roadblocks Due To US Regulators
Citigroup had initially planned to launch its investment banking division by mid-2023, but it later moved...
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Gulf Cooperation Council Central Banks Follow US Lead with Interest Rate Cuts
Following the decision made by the US Federal Reserve, central banks of UAE and Bahrain also...
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