Europe's banks are bracing for a wave of defaults
Some of Europe's biggest banks are setting aside more cash to absorb potential losses on loans, as rising interest rates increase pressure on borrowers.
2023-07-28 00:21
Bankman-Fried campaign finance charge dropped, lessening trial's political focus
By Luc Cohen NEW YORK The decision by U.S. prosecutors on Wednesday to drop a campaign finance charge
2023-07-28 00:15
Yellow Corp trucking company shares plunge as bankruptcy looms
The end may be close for Yellow Corp, a nearly century-old trucking company with 30,000 employees.
2023-07-27 23:56
U.S. bank regulators unveil proposal to hike bank capital
WASHINGTON U.S. bank regulators released a proposal Thursday that would direct the nation's largest banks to raise their
2023-07-27 22:25
Bank of America CEO flags effects of higher capital requirements
By Jonathan Stempel and Tatiana Bautzer NEW YORK Bank of America CEO Brian Moynihan said U.S. authorities need
2023-07-27 21:15
European Central Bank hikes rates to highest level since 2000
The European Central Bank raised interest rates by a quarter of a percentage point Thursday, judging that inflation remains too high even as data points to a deepening economic downturn in the 20 countries that use the euro.
2023-07-27 20:28
China to boost credit support to consumer sector - regulator
BEIJING China will guide banks to boost credit in the consumer service industry, its financial regulator said on
2023-07-27 16:57
Pakistan seen hiking rates again on IMF guidance, analysts say
By Ariba Shahid KARACHI Pakistan's central bank will likely raise its key interest rate again on Monday to
2023-07-27 16:17
US regulators to unveil plan for banks to build cash reserves
By Pete Schroeder WASHINGTON U.S. regulators are set to propose a rule that could significantly raise capital requirements
2023-07-27 12:23
Bank of Korea tweaks lending facility to boost liquidity
SEOUL South Korea's central bank said on Thursday its monetary policy board decided to reform its standing lending
2023-07-27 10:57
US judge tightens Sam Bankman-Fried's bail, will consider jailing him
By Luc Cohen and Jonathan Stempel NEW YORK A U.S. judge on Wednesday tightened Sam Bankman-Fried's bail conditions
2023-07-27 09:50
Bank of Canada discussed delaying rate hike at last meeting - minutes
By Steve Scherer and David Ljunggren OTTAWA, July 26 The Bank of Canada discussed delaying a hike to
2023-07-27 01:50