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Uncovering Vulnerabilities; EU Stress Test Exposes Risks In European Banks
In a recent stress test conducted by the EBA, the resilience of the European Union’s banking sector was put to the ultimate…
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Standard Chartered Raises Profit Forecast Amid Strong H1 Performance
Standard Chartered Bank released its financial results for the first half of the year on Friday, reporting impressive growth in earnings due…
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The U.S. Central Bank May Raise Rates By 25 BPS; How Will This Impact Financial And Crypto Markets?
Investors continue to observe comments from Federal Reserve officials that could give more insight into the path of interest rates, but it…
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EU Aims To Stimulate Economy With Eased Rules For Alternative Investments
In a significant development for the financial industry, the European Union (EU) has reached a landmark agreement on revising its rules for…
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U.S. Stocks Are Advancing At The Start Of The Earnings Season; Here’s What To Expect
Shares on Wall Street continue to be supported, led by gains in financial and technology stocks, with investors looking toward the next…
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NAB’s Scam Alerts Halt $270M In Crypto Scam Transactions
National Australia Bank (NAB) has successfully intervened in over $270 million in customer payments over the past four months. According to NAB…
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Deciphering The Current Landscape of US Bank Credit; Lessons From Earnings Season
As the earnings season commences, U.S. banks are set to report their financial performance for the April-through-June period. This quarter is especially…
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Citi Reports 36% Drop In Q2 Net Income Amid Challenging Macroeconomic Environment
Citigroup released its financial results for the second quarter of the year on Friday, disclosing a decline in profit and revenue during the period.…
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Inflation Cooled More Than Expected In June. Does This Indicate That The Federal Reserve Is Near The End Of Its Rapid Interest Rate Hikes?
The U.S. Bureau of Labor Statistics released its June inflation report this Wednesday, and the report showed that the Consumer Price Index…
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South Korea Allows New Local Entrants Access To Banking Industry After 30 Years
South Korea has allowed new banks to enter the industry for the first time in 30 years. Financial firms can now apply…