Tag: Banking
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100-bp rate spike from Bank of Canada shakes up markets
On Wednesday, in an attempt to suppress the growing inflation, the Bank of Canada (BoC) increased its benchmark interest rate by an entire percentage...
Credit Suisse makes headliner again with a verdict on trail
Credit Suisse (CSGN.S) managed to make headlines again, as they have for the past 18 months over various scandals and distresses. Now, it is...
Credit Suisse on redeeming AT1 bond, and attempt at repaying debt
Credit Suisse (CSGN.S) has been the hotspot of controversy for a while now, it had chosen to reel investors in for a more expensive...
UAE economy gearing up for vigorous gains and surplus profit
The National Bank of Kuwait rolled out a report recently forecasting economic growth of 5.3% on average spanning through 2022-23. An impressive feat in...
Canadian banks shrink future bad debt cushion even as economic risks mount
Canadian banks wrapped up second-quarter earnings season, with most reporting better-than-expected profits, in large part by reducing the amounts of funds they set aside...