China Injects $142 Billion into Megabanks to Revive Slumping Economy
China supplied 1 trillion yuan for special sovereign bonds to complete the sales. China is considering ...
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Tag: banking
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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Fed Announces Larger-than-Expected Rate Cut as Inflation Eases
The Fed's policy decision sparked a quiet response from the presidential candidates despite being made just ...
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RBA Reveals Plan to Maintain Cash Rate at 4.35% to Combat Inflation
The RBA felt the need to push back against talk of a near-term reduction in rates ...
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Barclays Leads the Way by Eliminating Bonus Cap in the UK
Barclays’ action is similar to JPMorgan’s, which also stated in June that it would do away ...
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UniCredit Challenges ECB’s Order to Reduce Russia Risks
The largest exposure of any European institution to Russia, where it operates a top-15 bank, is ...
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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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Capital Bond-Issuance by China’s regional banks sees a 70% drop in Q1 2023
Capital Bonds analysts explain the reasons for the substantial drop. The 954-billion-yuan market for capital bonds ...
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FIS plans a $17 billion spin-off in merchant unit
FIS also announced in a statement that the company is planning to spin off Worldpay in ...
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