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British banks lift FTSE 100 after BoE raises rate
Shares in British banks rallied, lifting the blue-chip FTSE 100. This is after the Bank of England stunned investors with an interest rate hike. This is the...
BoE becomes first major central bank to raise rates since the pandemic
The Bank of England became the world’s first major central bank. They have raised the interest rates since the pandemic hammered the global economy....
Outage shows how Amazon’s complex cloud makes backup plans difficult
Major companies using Amazon.com’s data services got a lesson, about how the complexity and market dominance of the company’s cloud unit make it difficult...
UniCredit shines on Orcel’s $18 BLN
Investors welcomed a pledge by new UniCredit Chief Executive Andrea Orcel to return at least 16 billion euros to them under his new strategy...
Citigroup pauses buybacks briefly due to new capital rule
Chief Financial Officer Mark Mason stated that the Citigroup Inc is pausing buybacks of its stock this quarter. This is because of the expected...