Tag: Banking and credit
Eurozone inflation rebounds to 2.0% on higher energy prices
FRANKFURT, Germany — Eurozone inflation rose to 2.0% in May, driven higher by rising oil prices as other inflationary pressures appeared to remain subdued....
Bank of Italy forecasts 4% GDP growth in 2021
MILAN — The head of Italy’s central bank said Monday the eurozone’s third-largest economy could grow 4% this year, after shedding 9% during the...
Bank CEOs return to testify in front of divided Congress
WASHINGTON — The chief executives of the nation’s largest banks are back in front of Congress, where they are likely to face another round...
HSBC exiting US retail banking to focus on wealth management
NEW YORK — British banking giant HSBC says it is closing its U.S. retail banking business in order to refocus its efforts on wealth...
Saved by online lenders, businesses say they’ll borrow again
NEW YORK — Some small businesses forced to turn to online lenders for pandemic relief are making those niche players a bigger part of...
World Bank allocates $2 billion to fund projects in Sudan
CAIRO — The World Bank said Monday it has allocated $2 billion to cash-stripped Sudan as the transitional government has struggled to address the...
Fed officials in April cautioned about inflation pressures
WASHINGTON — Federal Reserve officials at their April meeting reaffirmed the view that the central bank's ultra-low interest rate remained the best policy approach,...
ECB sees elevated risks to financial stability in Europe
<p>FRANKFURT, Germany — The European Central Bank says risks to the stability of companies, banks and financial markets remain “elevated” due to the uneven...
Fed officials in April cautioned about inflation pressures
<p>WASHINGTON — Federal Reserve officials at their April meeting reaffirmed the view that the central bank's ultra-low interest rate remained the best policy approach,...
ECB sees elevated risks to financial stability in Europe
FRANKFURT, Germany — The European Central Bank says risks to the stability of companies, banks and financial markets remain “elevated” due to the uneven...