Tag: bank
Commercial Bank of Ethiopia ‘glitch’ sees customers withdraw millions
ADDIS ABABA, Ethiopia – Dec. 7, 2023: The Commercial Bank of Ethiopia (CBE) is the largest bank in the country.Bloomberg | Bloomberg...
5-hour Energy billionaire named in Senate Swiss bank tax probe
WASHINGTON - Billionaire 5H energy entrepreneur Manoj Bhargava allegedly maintained undeclared bank accounts worth hundreds of millions of dollars at Swiss bank Pictet,...
Bank of England set to hold rates, but falling inflation brings...
The Bank of England in the City of London after figures showed the UK economy slipped into recession at the end of 2023.Yui...
Central bank holds rates steady, maintains three cuts coming
The Federal Reserve kept interest rates steady on Wednesday as expected and signaled that it continues to plan multiple rate cuts through the...
Investigation Finds World Bank Failed to Police Abuse at Kenyan Schools
The World Bank's internal watchdog on Thursday criticized the organization's handling and oversight of its investments in a chain of Kenyan schools that...
Shareholder payouts hit a record $1.7 trillion last year as bank...
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, March 5, 2024.Brendan Mcdermid | ...
European Central Bank holds interest rates, cuts inflation and growth forecasts
European Central Bank policymakers cut their annual inflation and growth forecasts on Thursday as they confirmed a broadly expected hold on interest rates.Expert...
NYCB shares rebound after bank announces $1 billion capital raise
Troubled regional lender New York Community Bancorp announced a $1 billion capital raise and a leadership change led by former...
Why private equity has been involved in every recent bank deal
Federal Reserve Chairman Jerome Powell gives remarks to former Treasury Secretary Steven Mnuchin following a House Financial Services Committee hearing on "Oversight of...
Bank Runs Spooked Regulators. Now a Clampdown Is Coming.
A year after a series of bank runs threatened the financial system, government officials are preparing to release a regulatory response aimed at...
