UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed ...
Tag: Banks
Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation
James Bullard at Jackson Hole, Wyoming.David A. Grogan | CNBCFormer St. Louis Fed President Jim Bullard says the Federal Reserve ...
British fintech Wise reports 280% jump in profit as higher interest rates boost income
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesBritish fintech firm Wise ...
China’s ICBC, the world’s biggest bank, hit by cyberattack that reportedly disrupted Treasury markets
A pedestrian walks pass a branch of Industrial & Commercial Bank of China (ICBC) in Fuzhou, Fujian province of China.VCG ...
HSBC to launch storage services for tokenized securities as more big banks warm to blockchain
HSBC is the largest bank in Europe by total assets.Nicolas Economou | Nurphoto | Getty ImagesHSBC on Wednesday announced it ...
UBS shares rise 3% as market focuses on strong underlying profit
A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | ReutersUBS shares climbed on ...
Klarna, Europe’s $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesBuy now, pay ...
Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%
DBS branch in Hong Kong.Budrul Chukrut | SOPA Images, LightRocket | Getty ImagesSoutheast Asia's largest lender DBS Group reported a ...
One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
The need for second — and often third — incomes is mounting, according to a top digital bank executive.Current CEO ...
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
Wefox CEO Julian Teicke.WefoxWefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche ...
