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    Sector turmoil could make US banks ‘more cautious’: Yellen

    16 Apr 2023

    US banks may become more circumspect in granting loans following recent turmoil in the sector, the country’s treasury secretary said in an interview to air on Sunday,

    European banks battered as Credit Suisse drops over 20%

    15 Mar 2023

    European shares fell on Wednesday as bank stocks resumed their selloff, after a short-lived bounce in the previous session, with Credit Suisse plunging to a fresh record low. The pan-European STOXX 600 index fell 2.5 per cent by 1118 GMT, languishing at 10-week lows, as was the banks sector index after plunging nearly 6 per cent.

    SVB shockwaves pound bank stocks gripped by contagion fears

    14 Mar 2023

    Silicon Valley Bank’s (SVB’s) collapse continued to pound global bank stocks on Tuesday as investors fretted over the financial health of some lenders,

    OECD raises global growth forecast but recovery fragile

    17 Mar 2023

    The Organisation for Economic Co-operation and Development (OECD) raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions,

    SVB Financial seeks bankruptcy protection

    17 Mar 2023

    SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets,

    Working to address SVB collapse, but not looking at bailout: Yellen

    12 Mar 2023

    US Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors,

    Indian minister to meet start-ups on SVB fallout

    12 Mar 2023

    India’s state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank’s collapse,

    FAB records Dhs12.4 billion net profit for first 9 months of 2023

    19 Oct 2023

    First Abu Dhabi Bank (FAB) has achieved record performance in the first nine months of 2023, reporting that net profit for the period reached Dhs12.4 billion,

    Fed likely to pause again with interest rates at 22-year high

    29 Oct 2023

    The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.

    HSBC reviewing a possible exit from a dozen countries

    24 May 2023

    HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role. The reviews follow pressure from Chinese shareholder Ping An Insurance, which wants

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