Troubled Swiss bank Credit Suisse will boost its liquidity by using an option to borrow up to 50 billion Swiss francs (1.2 trillion CZK) from the Swiss central bank. This is reported by the Reuters agency with reference to the statement of the second largest Swiss bank. On Wednesday, local financial institutions informed that the … Read more
“Americans can have confidence that the banking system is safe,” Biden said in a special address Monday afternoon. Pres. Biden says those who invested in failed Silicon Valley Bank and Signature Bank will not be protected: “They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism … Read more
A few days before the FDIC’s announcement, there was no significant indication of the more significant problems of the sixteenth largest lender in America with assets of around two hundred billion dollars. Although the financial situation of the bank has worsened over the past few years, the management tried to save the situation, especially by … Read more
California banking regulators have shut down SVB Financial Group, the parent company of Silicon Valley Bank. The collapse of SVB is the largest bank failure in the US since the height of the financial crisis in 2008. The Federal Deposit Insurance Corporation (FDIC) was appointed as administrator of the bank. She stated that the bank’s … Read more
And Egypt and the Emirates are retreating Mubasher – Mahmoud Jamal: The Arab financial markets witnessed varying ups and downs at the end of the weekly trading, which coincided with the assertion of US Federal Reserve Chairman Jerome Powell, before Congress, that the Central Bank will likely have to increase interest rates more than expected … Read more
Abu Dhabi – Mubasher: A company is exploring AimcoCanadian Asset Management, investment opportunities and building relationships with the largest sovereign funds in Abu Dhabi and the world. Evan Sidal, CEO of the company, said that investing in the UAE is one of the attractive offers due to the local currency’s peg to the dollar, as … Read more
Money Today reporter Hwang Ye-rim | 2023.03.07 05:16 /Photo = Lim Jong-cheol, design reporter As deposit interest rates at commercial banks and savings banks have fallen to the 3-4% range, ordinary people looking for high-interest deposits are turning their eyes to local Saemaul Geumgo, which offers 5-6 special products. Experts advise that special attention is … Read more
A Plovdiv resident forgave himself with BGN 100,000 after fraud, “Maritsa” learned exclusively. The case is from a few days ago. After the quick and professional actions of the police in the city under the hills, a total of six people were detained, and others involved in the fraud scheme are being sought. Those arrested … Read more
Goodbye bank checks? At least for some banks the libretto it is destined to disappear. Now replaced by digital payments, cards, apps and home banking, the system will gradually retire. The first bank to bid farewell was Understanding: in these days he is communicating to current account holders that from 8 May checkbooks will no … Read more
(Ecofin Agency) – After granting a $125 million syndicated credit facility to NMB Bank Tanzania, the Dutch institution FMO is setting up a guarantee that will cover the Tanzanian bank’s loans to underserved SMEs and perceived as too risky by banks. The Dutch development finance institution, FMO, announced on Friday 24 February the setting up … Read more