Banking
Banking Related News Articles from All over the world.
Massive Cyber Attack on World’s Largest Bank, ICBC, Sends Shockwaves Through Treasury Markets
The attack on ICBC's US unit caused heavy disruption in the broader treasury market as well...
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UK Banks Announce Closure of 36 More Branches
In a recent announcement, four major banks in the UK have declared plans to shutter an...
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The 10th Rate Hike By European Central Bank – A Record High In 2 Decades
The European Central Bank (ECB) mentioned that the governing council has ruled that the present levels...
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Switzerland braces for the biggest wave of job losses since Credit Suisse collapse
The government of Switzerland is trying to ease public concern about the possible layoffs Switzerland’s financial...
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Egypt To Transform Into A Cashless Economy With Digital Banks
The Central Bank of Egypt (CBE) issued new rules this month for registering and delivering licences,...
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Fednow To Unleash Another Bank Run With An Instant Fund Transfer Facility
The Federal Reserve has announced the launch of its real-time payment system, FedNow Service (FedNow). The...
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Rising interest rates and a class of struggling people
If the interest rate hikes are persistent, a global recession is likely unavoidable. The Credit Suisse...
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Bank of England Governor Admits Rate Hike as Painful for Citizens
The Bank of England chose a bigger rate hike in order to calm the financial markets,...
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UBS Group AG Takes Over Erstwhile Rival Credit Suisse
UBS Group AG has completed the acquisition of its former competitor Credit Suisse Group AG Swiss...
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Qred Emerges as Europe’s Newest Bank
Swedish-based AI-powered fintech company Qred recently obtained its banking license in May. This status now gives...
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