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Banking Related News Articles from All over the world.
GCC Economy Projected to Expand 3.7% in 2025: World Bank
It was reported in the Gulf Economic Update, which also mentioned that the GCC would grow...
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Fed Has a Breather as the US CPI Cools Down
The Fed is now focused on core inflation and especially the core Personal Consumption Expenditures price...
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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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