Naira Official Rate Sinks to Near 1,000 on Scramble for Dollars
The naira slid to the brink of 1,000 per dollar in a fresh low in the official market
2023-10-20 23:50
Pimco Is Selling Hung Debt It Bought From Banks for a Premium
Pacific Investment Management Co. spent some of last year scooping up debt that banks couldn’t sell at knock-down
2023-10-20 19:21
Israel Latest: US Downs Missiles Targeting Israel From Yemen
The Pentagon said it’s experiencing an increase in drone attacks on US military bases in Iraq and Syria,
2023-10-20 14:16
Singapore’s DBS Says Access to Mobile Wallet is Intermittent
DBS Group Holdings Ltd. said access to its PayLah! mobile wallet is intermittent as of Friday morning and
2023-10-20 12:21
Credit Suisse Prepares for More Job Cuts, Financial News Says
UBS Group AG is poised to start its next wave of job cuts at Credit Suisse, this time
2023-10-20 08:52
Fed’s Barr Says Banks Need Broader Stress Tests to Expose Risks
The Federal Reserve’s head of supervision wants to broaden the scenarios in annual stress tests to gauge whether
2023-10-20 03:46
Early AT1 Champion Warns They Can Break Banks in Next Crisis
Achim Wiechert was one of the many experts brought in to mend the broken market for bank capital
2023-10-19 19:19
ECB’s Digital Euro Moves One Step Closer to Becoming Reality
The European Central Bank shifted to the next stage of its digital-euro project — preparing the ground to
2023-10-19 16:17
Bank Indonesia Unexpectedly Resumes Rate Hike to Support Rupiah
Indonesia’s central bank resumed raising interest rates, surprising the markets as it moved to help bolster the rupiah
2023-10-19 16:16
Israel Latest: Fresh Diplomatic Push Follows Gaza Aid Promises
Diplomatic efforts continue Thursday to contain the impact of the Israel-Hamas war and speed the access of vital
2023-10-19 14:20
China’s Regional Banks Face $300 Billion Hit on LGFVs, S&P Says
China’s regional banks could incur a capital hit of 2.2 trillion yuan ($301 billion) from a growing debt
2023-10-19 12:17
China’s Strong GDP Report Shows Housing Remains a Big Problem
China’s latest economic data put the government’s growth goal of about 5% well within reach and lessened the
2023-10-19 09:23