The biggest banks on Wall Street were very cautious about economic headwinds in the future and they also opted to reduce risks in some areas, while they assess the possibility and severity of an economic recession. In fact, Jamie Dimon…
On Thursday, in a surprise move, the Philippine central bank hiked its interest rate by 75 basis points. As a matter of fact, the central bank also stated that it would keep the door open for further hikes as well,…
The central bank of New Zealand delivered its sixth consecutive hike in the country’s interest rate on Wednesday. In fact, the bank also signaled that it was quite comfortable with the aggressive monetary policy tightening path that it has chosen…
On Tuesday, the Spanish government announced that they would be imposing temporary taxes on banks and power companies in the country. This would help them generate 7 billion euros between 2023 and 2024, which will come in handy in dealing…
This week will mark the beginning of the earnings season, with banks taking the lead. It is expected that US banks will see a sharp decline in their second-quarter profits, as compared to last year and this is because of…
Alonzo Powell