Banking
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Russian Banks Post Record Profits, But Lending Growth Slows
Russia’s banking sector enjoyed a historic year in 2024, raking in 4 trillion roubles ($40.7 billion) in profits. According to a Reuters…
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US Banks Seek Buyers For $3B In X Loans Following Revenue Slump
Wall Street banks are preparing to sell $3 billion worth of loans tied to Elon Musk’s acquisition of X, formerly known as…
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US Banks Roll Out Emergency Mortgage Support Amid LA Wildfire Crisis
United States of America’s leading financial institutions are stepping up with crucial mortgage relief programs. According to Reuters, banking giants JPMorgan Chase…
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U.S. Banks Sue Federal Reserve, Demanding Stress Test Reform
U.S. banks have launched a legal battle against the Federal Reserve, questioning the transparency and legitimacy of its annual stress testing program,…
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Vanguard Agrees To FDIC Oversight of Bank Investment Practices
Vanguard agreed to a new deal with the US Federal Deposit Insurance Corporation (FDIC) to ensure its investments in large banks remain…
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Federal Reserve To Make Bank Stress Tests More Transparent
The Federal Reserve is contemplating a significant overhaul of its annual bank stress testing framework, marking a potential victory for Wall Street…
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Major Australian Banks Collaborate To Launch Anti-Scam Network
Five major Australian banks have collaborated with an Israeli startup to enhance fraud prevention. Through enhanced technology and cooperation, the lenders, Commonwealth…
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European Central Bank Cuts Rates By 0.25 Points, Cites Rising Risks To Eurozone Economy
European Central Bank (ECB) announced its fourth interest rate cut this year, aiming to boost a weakening economy. While inflation is nearing…
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Canadian Banks Poised For Mixed Earnings Amid Economic Shifts
Canadian banks are set to unveil their fourth-quarter financial results, revealing a complex picture of resilience, challenges, and strategic adaptations. This story…
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Bank of England Warns Of Liquidity Risks In Non-Bank Sector
The Bank of England (BoE) recently conducted a test of Britain’s financial networks, uncovering vulnerabilities in the burgeoning non-bank sector. The study…