Banking
Banking Related News Articles from All over the world.
Egypt’s Banking Sector Shines With 27% Growth in Deposits Despite Inflation and Devaluation
Egypt’s banking industry recorded a 26.9% increase in total deposits in the 2023-2024 fiscal year compared...
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Australia’s Central Bank Cuts Interest Rates for the First Time Since 2020
The Australian dollar briefly went up after the decision before reversing its gains. Australia’s central bank...
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Egypt’s Inflation Slows to 23.2% in January, But Food Prices Keep Rising
Food security is still a significant problem, with Egypt buying 80% of its wheat from Russia...
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Bank of England Warns of Economic Stagnation, Approves Interest Rate Cuts
The Bank of England expects the inflation to increase from 2.5% to 3.7%, above the 2%...
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New Zealand to Invest $290M in State-Owned Kiwibank to Challenge Big Four Banks
This initiative will enable the New Zealand-owned bank to compete more vigorously against the four Australian-owned...
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The Bank of Canada Has ‘Won’ the Fight Against Inflation By Lowering Interest Rates To 3.75%
Tiff Macklem, the governor of the Bank of Canada (BoC), told the reporters after reducing the...
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Adjusted Interest Rates Turn Positive in Turkey as Inflation Slows to 48.3%
The shift of Turkey to a looser bias most likely indicates that a first-rate decrease is...
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Visa Gets Sued For Illegally Dominating The Debit Card Market
Visa's extensive financial system handled over $3.3 trillion worth of transactions in its most recent quarter....
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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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