Banks

The ECB is dealing with both record-high inflation and a slowing economy.Bloomberg | Bloomberg | Getty ImagesThe European Central Bank is set to hike interest rates again on Thursday, with policymakers in Frankfurt shifting their focus to…

The Federal Reserve is widely expected to announce its eighth consecutive rate hike at this week's policy meeting. This time, Fed officials likely will approve a 0.25 percentage point increase as inflation starts to ease, a more modest pace…

"In the coming quarters there could still be some marginal hikes which can come in because of the way market will behave whether it is on the banks MCLR sides or on the repo side. If need be we will do some kind of a pass on or ensure that…

UBS' fourth-quarter profit beat market expectations, but the Swiss banking giant reported a fall in revenues on the back of weaker client activity and warned of an "uncertain" year ahead.The bank reported $1.7 billion of net income for the…

WELLINGTON, New Zealand – More than 30 years ago, some relatively youthful central bank and Treasury economists in New Zealand were grappling with how to bring two decades of double-digit inflation under control in an economy less…

WASHINGTON/FRANKFURT/LONDON – Top central bankers, who credit the use of a 2% inflation target with anchoring decades of stable prices, are facing the first full-on test of how well that approach to monetary policy works once…

Central bankers trying to ensure that surging consumer prices don’t feed yet more inflation are doing what they can to keep their own houses in order. For staff working for U.S. Federal Reserve Chair Jerome Powell, his eurozone…

David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBCGoldman Sachs CEO David Solomon will get a $25 million compensation package for his work last…

Clients of Japan’s biggest bank are bracing for the central bank to finally abandon its ultraeasy monetary policy, which could happen by the end of September, according to the head of Mitsubishi UFJ Financial Group’s global…

Banks are relying more on costly market borrowings instead of deposits to meet credit demand. Experts say that banks are yet to turn aggressive in mobilising deposits on concerns of getting stuck with expensive long-tenor term deposits when…