Banking Industry News
A collection of Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Global climate leaders push for overhaul of IMF and World Bank
Barbadian premier Mia Mottley sets out steps at UN for reform as support builds for rethink of financial institutions A rebellion against the status quo of the global financial architecture dating to the second world war gathered momentum in New…
Did the Reserve Bank's money printing cause inflation? The bank says it's complicated
Do you remember how the Reserve Bank printed a huge amount of money in the pandemic? Have you been wondering if it's responsible for the inflation we're seeing? The RBA says it's a complicated question to answer, and it's trying to encourage people…
Kings bank on experience, youth and chemistry
Kings captain Anže Kopitar, seen Thursday, Sept. 22, 2022, at the Toyota Sports Performance Center in El Segundo, is optimistic the Kings can contend with the progress made by some of the team's younger players. (Photo by Drew A. Kelley…
Central banks' fight against inflation could spark global recession
More than 80 central banks are aggressively raising interest rates to cool inflation. Rate hikes are the best tool for easing price surges but bring with them the risk of recession. The synchronized rate hikes could throw the world economy into a…
Russia's gas squeeze to spur deeper European recession: Deutsche Bank
Europe will suffer an even deeper recession than Deutsche Bank predicted, its strategists said. Russia's indefinite shut-off of a key natural gas pipeline has intensified Europe's energy crisis. That bodes ill for Europe's economy, and a very cold…
Palestinian shot dead after suspected ramming near West Bank settlement outpost
A Palestinian driver attempted to run over a soldier and a police officer near a settlement outpost west of Nablus in the West Bank Saturday before being shot dead, according to Israel's military. The police officer was writing a traffic report in…
Landfill mushrooms on the banks of Ulhas Creek
Mumbai A large, unauthorised landfill of municipal waste, which has mushroomed on the banks of the Ulhas Creek in Diva, Thane district, for over a year is now emitting toxic leachate into the water body and nearby patches of mangrove.
Israeli forces fatally shoot Palestinian driver in northern West Bank
Israeli forces shot and killed a Palestinian motorist in the occupied West Bank on Saturday, the latest casualty in a recent spate of violence. The Israeli military said the man had tried to ram soldiers but his family said they believed he had…
Investors warn Kwarteng that fiscal plan threatens markets' confidence in UK
Risk of further falls in sterling as fund managers asked to soak up billions more in public debt Investors have warned UK chancellor Kwasi Kwarteng that the bonanza of tax cuts and spending measures he announced on Friday risk undermining their…
Hoseasons owner Awaze picks banks to oversee £2bn sale
The owner of Hoseasons and some of Europe's biggest holiday rental operations has hired banks to oversee a sale that could value it at up to £2bn. Sky News has learnt that Platinum Equity, a US-based private equity firm, has appointed Goldman…
Britain's sudden lurch to 'Reaganomics' gets a thumbs down from the markets
Sterling was sent into a freefall after hitting 37-year lows against the dollar in recent weeks. It ended Friday down nearly 3.6% against the greenback. On the week it lost 5% and is now down 27% since just before the 2016 Brexit vote. ING analysts…
Israeli army installs remote-control crowd dispersal system at Hebron flashpoint
The Israeli military has installed a remotely-controlled system for crowd dispersal in the West Bank city of Hebron, which includes the capacity to fire stun grenades, tear gas and rubber and sponge-tipped bullets. The system, still in its pilot…
Keir Starmer unveils green growth plan to counter Liz Truss's tax cuts
Keir Starmer will pledge to deliver a new era of economic growth and permanently lower energy bills by turning the UK into an independent green “superpower” before 2030, through a massive expansion of wind and solar energy. Announcing…
High interest rates are here to stay - and markets have woken up
It's not as if we didn't know it was coming. Jerome Powell could hardly have been clearer at the recent Jackson Hole summit that the Fed will keep up the squeeze until the job is done. But sometimes it takes a week like this one to ram the message…
What's 'stopping' India Inc from investing in India?
Last Tuesday, finance minister Nirmala Sitharaman asked India's corporate honchos why they were not investing in the Indian economy. “I want to hear from India Inc,” she said, “what's stopping you when countries and industries…
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