Reports indicate that China’s major state-owned banks have been actively selling U.S. dollars to acquire yuan in both onshore and…
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BankingTop News
US bank stocks fall on prospect of tougher oversight, more downgrades
by Lucas Finisby Lucas FinisThe shares of U.S. banks experienced a decline on Tuesday as concerns over tighter regulations and potential downgrades by Fitch…
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BankingTop News
Russian central bank jacks up rates to 12% to support battered rouble
by Jack B.by Jack B.Russia’s central bank has taken decisive action in response to the recent decline of the rublehiking its key interest rate…
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Dutch cooperative bank Rabobank (RABO.UL) announced on Thursday a significant surge in its first-half profitwith elevated interest rates boosting interest…
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BankingInvestmentTop News
Wall St ends lower after bank rating cuts spark wider sell-off
by Lucas Finisby Lucas FinisIn a widespread selloff driven by credit rating agency Moody’s downgrade of several lendersall three major Wall Street indices concluded…
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BankingTop News
EU banks face liquidity checks next year after 2023 crises
by Lucas Finisby Lucas FinisThe European Union’s banking sector is gearing up to face intense scrutiny over its preparedness to weather major crises without…
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BusinessInvestmentTop News
HSBC Raises Profitability Target of $2 Billion Share Buyback
by Lucas Finisby Lucas FinisHSBC Holdings has recently increased its key profitability target and unveiled a fresh $2 billion share buybackAs it reported a…
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We live in an age where artificial intelligence and machine learning are rapidly changing almost every industry including finance. Fintech…
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BusinessFinTechTop News
The Future of Connectivity: How 6G Will Transform Business
by Lucas Finisby Lucas Finis6G is the next leap in wireless network technology that is poised to revolutionize industries and businesses by enabling completely…
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BusinessFinTechTop News
Electric Vehicle Startups Struggle to Keep the Lights On
by Lucas Finisby Lucas FinisThe rise of electric vehicle companies has been nothing short of dramatic in recent years, with dozens of new startups…