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The U.S. Central Bank Left Its Benchmark Lending Rate Unchanged This Wednesday
As widely expected, the U.S. Central Bank left its interest rate unchanged this Wednesday after a two-day meeting but warned that inflation…
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Banking Chatbots & Customer Service; What Are Regulators Recommending?
Artificial Intelligence (AI) today has revolutionized various industries, and the banking sector is no exception. In a tech-savvy world today, banks and…
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Hong Kong Monetary Authority Prepares To Implement Retail CBDC
According to a report published by the regulator on Friday, the Hong Kong Monetary Authority (HKMA) is laying the groundwork for implementing…
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US Inflation Data And Federal Reserve Policy Meeting Is The Center Of Attention For June 2023
U.S. Inflation data and Federal Reserve policy meeting will be at the centre of attention in June 2023, and according to estimates,…
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Chase Bank Resolves Online Banking Disruption; Issues Refunds
JPMorgan Chase Bank, one of the top banks in the US, has restored its online banking services after a technical disruption affected…
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Economic Challenges Impact Goldman Sachs; Revenue Slump And Job Cuts Looming
Goldman Sachs Group Inc (GS.N), a prominent institution in the US financial market, is facing challenging times as it anticipates a sharp…
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Debt Ceiling Deal Is A Huge Relief; Investors Shift Focus To The U.S. Jobs Report
U.S. President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy on Sunday signed off on an agreement to temporarily suspend…
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Ongoing Debt Ceiling Negotiations In Washington; Weak Corporate Results Dampened Investor Risk Appetite. What’s Expected In The Coming Weeks?
The ongoing debt ceiling negotiations in Washington continue to make investors nervous, especially after U.S. Treasury Secretary Janet Yellen expressed concerns that…
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European Central Bank Warns Interest Rate Hikes Could Increase Bad Debts As Inflation Persists
European Central Bank has warned that increasing borrowing rates by the central banks could make it difficult for borrowers to repay their…
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Race Towards Financial Innovation; Britain Contemplates Introducing “Digital Pound”
The Bank of England and the finance ministry launched a public consultation in February this year to explore the possibility of issuing…