After the Reserve Bank of India decided to maintain its position focused on “withdrawal of accommodation” and keep policy rates constant, stocks in the banking sector remained mainly stable on Thursday.
The Federal Reserve Bank of Kansas City released its May Services Survey, which showed that growth in the Tenth District slowed a bit in May with the expectations forecast also slipping, according to a news release.
Ben Todar, notable crypto commenter, successful entrepreneur and CEO of a blockchain-based gaming ecosystem, said the lawsuit against Binance, the largest crypto exchange in the world, sparks concerns that the US Securities and Exchange Commission (SEC) is trying to protect traditional financial institutions by crushing the U.S. crypto industry.
The Federal Reserve Bank of New York appointed Mihaela Nistor the chief risk officer and head of the risk group, serving in the role as a member of the bank’s executive committee.
The Reserve Bank of India (RBI) announced that it is pushing an initiative to enhance the system for handling bad loans, recommending a predicted-loss-based strategy for provisioning to be started over the next year.
The Federal Reserve started a practice last year that continues in 2023 to combat inflation by increasing short-term interest rates. The Federal Open Market Committee (FOMC) earlier this month set the rate at a range of 5% to 5.25%.
Many nonprofits have started accepting donations in the form of cryptocurrency, including the Alzheimer's Association, the American Cancer Society, Autism Speaks, local chapters of Boys & Girls Clubs, CARE, Make A Wish International and Ronald McDonald House Charities.
India's Monetary Policy Committee (MPC) has experienced significant tightening over the past year, according to a recent commentary and interview with a Royal Bank of India official in the publication Money Control.
Reserve Bank of India Governor Shaktikanta Das expressed satisfaction with the recent cooling off of headline inflation, saying it reached 4.7 percent in April, which he deemed "very satisfying."
Balaji Srinivasan, the former Chief Technology Officer of Coinbase, recently settled a million-dollar bet in what he stated was an attempt to raise awareness about the potential risk of hyperinflation in the economy.
The words of investing legends Warren Buffett and Stanley Druckenmiller may seem all too familiar to cautious observers of the current financial climate.
A former Bank of England economist forecasts inflation in the U.K. will decline quickly as officials consider the next steps to ward off rising prices, including increasing the prime rate of interest, according to reports.
The U.S. Federal Reserve’s efforts to curb inflation could move the country closer to recession as it mulls yet another quarter-of-a-percentage-point increase to the benchmark interest rate, moving it to a range of 5% to 5.35%, according to reports.
In an announcement on Thursday, 11 May 2023, the Bank of England's Governor, Andrew Bailey, detailed a 0.25 percentage point increase in the Bank Rate, bringing it up to 4.5%.
As Britain struggles to lower interest rates of inflation among the G7 group of major countries, choppy seas may be ahead as Goldman Sachs is sounding the alarm, warning that the Bank of England may be forced to raise interest rates to 5% by summer.
The T. Rowe Price Global Markets Monthly Update for March 2023 reveals that equities recorded generally positive but widely divergent returns, as turmoil in the banking sector in the U.S. and Europe affected interest rate and growth expectations.
The luxury market is set to experience contrasting dynamics in the coming months, with US consumers reducing spending on non-essential goods while China's reopening offers a tailwind for the sector, according to research from J.P. Morgan.
JPMorgan CEO Jamie Dimon predicts that more bank failures could be incoming, an assessment the the Library of Economics and Liberty (EconLib) agrees with.
