Sri Lanka cuts interest rates for the first time in three years | Banks News
The move signals a change of course to fuel a rebound in the economy as the island recovers from its
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Banks
HSBC faces shareholder vote on splitting bank | Banks
Chinese shareholder Ping An argues split necessary as bank lags behind international peers. Bank giant HSBC faces a vote by
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First Republic collapse sparks regional bank shares sell-off | Business and Economy News
With the third major casualty since March, depositors flee regional lenders, driving fears about other smaller banks. Shares of several
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First Republic stock rout worsens after receivership report | Business and Economy News
If the San Francisco-based lender falls into receivership, it would be the third US bank to collapse since March. First
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US Fed plans broad revamp of bank oversight after SVB failure | Business and Economy News
The United States Federal Reserve has issued a detailed and scathing assessment of its failure to identify problems and push
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First Republic’s market value plunges below $1bn from $40bn peak | Business and Economy News
Reports show US govt may not intervene in rescue process and regulators may downgrade bank’s score, adding to the stress
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First Republic shares hit record low after depositors pull $100bn | Banks
First Republic’s stock closes down nearly 50 percent amid questions about San Francisco lender’s future. First Republic Bank’s shares have
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US financial institutions hit by deposit flight | Business and Economy News
The collapse of two US banks last month has led to a flight of capital from small regional banks as
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JPMorgan Chase profits jump 52% amid banking turmoil | Business and Economy News
Deposits shot up as businesses and customers flocked to the banking giant after the failure of two smaller banks. JPMorgan
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IMF chief says global growth ‘not enough’ | Business and Economy News
IMF’s 2023 global growth estimate of 2.8 percent is ‘most worrisome’ as it projects weak growth over a longer period,
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