China Central Bank To Roll Over Lending Tools To Trigger Growth
China’s central bank said on Sunday it will extend the use of three lending tools to enhance support for targeted sectors of the economy. The People's Bank of China will ...
Advertisements
Tag: Banking
Fed Policymakers Call For More Rate Hikes To Neutralize Inflation
Federal Reserve policymakers on Wednesday indicated they will proceed with more interest rate rises, with several backing a top policy rate of at least 5% even as economic activity is ...
HDFC Bank, India’s Largest Private Lender, Said Net Profit Exploded By 18.5%
HDFC Bank (HDBK.NS), India's biggest private lender, on Saturday posted an 18.5% jump in net profit for the fourth quarter of 2022, helped by higher top-line and healthy loan growth. ...
Goldman Layoffs Hit Global Markets, Investment Banking Hard – Source
Summary Mass redundancies, spending review beckon for Wall Street titan Reductions to all major divisions expected, worldwide Restructuring in Asian wealth unit kicks off Wednesday's layoffs Goldman Sachs (GS.N) began ...
World Bank Cautions Global Economy Could Plunge Into Recession In 2023
The World Bank cut its 2023 growth forecasts on Tuesday to levels teetering on the verge of recession for many countries as the fallout from the central bank rate rises ...
Swiss National Bank Reports Record $143 Billion Loss In 2022
The Swiss National Bank reported an annual loss of 132 billion Swiss francs ($143 billion) last year, it said on Monday, the greatest in its 115-year history as falling stock ...
Microsoft Shares Lag Big Tech Peers As Growth Worries Cause UBS Downgrade
Microsoft Corp (MSFT.O) fell behind big technology peers on U.S. exchanges on Wednesday as its shares plunged 5.3% following a downgrade by brokerage UBS on concerns over slowing growth for ...
Silvergate Sold Assets At Loss And Cut Staff To Cover $8.1B In Withdrawals – Report
Silvergate has allegedly laid off 200 members of its staff, which is nearly 40% of its total number of employees. The FTX saga has triggered a bank run on Silvergate, ...
Hedge Funds Set To Register Worst Returns In 14 Years
Global hedge funds are set to mark their worst returns in 14 years this year after aggressive U.S. interest rate hikes hit asset prices hard, however, their losses are overall ...
Israel Regulator Grants License To Investors To Establish New Digital Bank
Israel's banking regulator on Sunday awarded a conditional license and control permit to a group of entrepreneurs to set up a new online bank, the second addition to the greatly ...