Topics: latest bank news

In a surprising turn of events, the renowned Credit Suisse brand is predicted to become extinct by 2026, as the Swiss banking industry faces a significant reduction in its workforce.

In a surprising turn of events, the renowned Credit Suisse brand is predicted to become extinct by 2026, as the Swiss banking industry faces a significant reduction in its workforce.

In a proactive move to address the ongoing challenges faced by borrowers in the Republic of Ireland, Minister for Finance Michael McGrath recently engaged in a crucial meeting with representatives from the main retail banks, along with other industry stakeholders such as the Central Bank of Ireland.

In a proactive move to address the ongoing challenges faced by borrowers in the Republic of Ireland, Minister for Finance Michael McGrath recently engaged in a crucial meeting with representatives from the main retail banks, along with other industry stakeholders such as the Central Bank of Ireland.

UBS, the Swiss bank, has shattered banking industry records by reporting the largest quarterly profit ever achieved by a bank. The bank's remarkable success can be attributed to its takeover of Credit Suisse, which resulted in a staggering $29 billion profit.

UBS, the Swiss bank, has shattered banking industry records by reporting the largest quarterly profit ever achieved by a bank. The bank\'s remarkable success can be attributed to its takeover of Credit Suisse, which resulted in a staggering $29 billion profit.

In recent years, the Bank of Japan (BoJ) has been bolstering its efforts to stabilize the economy by purchasing government bonds (JGBs) at an unprecedented pace.

In recent years, the Bank of Japan (BoJ) has been bolstering its efforts to stabilize the economy by purchasing government bonds (JGBs) at an unprecedented pace.

Bank of Ireland, one of Ireland's leading financial institutions, is set to increase its savings and deposit rates, offering new and existing customers enhanced returns on their investments. This move comes as a response to the recent criticism faced by Irish banks for not passing on the benefits of higher interest rates to savers.

Bank of Ireland, one of Ireland\'s leading financial institutions, is set to increase its savings and deposit rates, offering new and existing customers enhanced returns on their investments. This move comes as a response to the recent criticism faced by Irish banks for not passing on the benefits of higher interest rates to savers.

In the week ended Aug. 16, the most recent data from the Federal Reserve revealed that bank deposits experienced a decline for the second consecutive week.

In the week ended Aug. 16, the most recent data from the Federal Reserve revealed that bank deposits experienced a decline for the second consecutive week.

In recent times, Europe has witnessed a surge in governments imposing taxes on the profits of banks, with Italy leading the way as the largest market to implement such measures.

In recent times, Europe has witnessed a surge in governments imposing taxes on the profits of banks, with Italy leading the way as the largest market to implement such measures.

The Bank of England (BoE) made a significant move in its monetary policy by raising interest rates to a 15-year high of 5.25%. This decision marks the 14th consecutive rate hike undertaken by the central bank. With the key interest rate hitting this unprecedented level, the BoE aims to tackle the persistent issue of high inflation in the UK.

The Bank of England (BoE) made a significant move in its monetary policy by raising interest rates to a 15-year high of 5.25%. This decision marks the 14th consecutive rate hike undertaken by the central bank. With the key interest rate hitting this unprecedented level, the BoE aims to tackle the persistent issue of high inflation in the UK.

In a move that has sent shockwaves through the Australian financial sector, the country's competition regulator, the Australian Competition and Consumer Commission (ACCC), has blocked a proposed A$4.9 billion ($3.2 billion) buyout by ANZ Group, the fourth-largest bank in Australia, of insurer Suncorp's banking arm.

In a move that has sent shockwaves through the Australian financial sector, the country\'s competition regulator, the Australian Competition and Consumer Commission (ACCC), has blocked a proposed A$4.9 billion ($3.2 billion) buyout by ANZ Group, the fourth-largest bank in Australia, of insurer Suncorp\'s banking arm.

Major Global Shifts Propel Central Banks to Stockpile Gold Amid Political and Economic Transformations.

Major Global Shifts Propel Central Banks to Stockpile Gold Amid Political and Economic Transformations.

In recent news, the highly anticipated merger between UBS and Credit Suisse has raised concerns about the potential impact on employees.

In recent news, the highly anticipated merger between UBS and Credit Suisse has raised concerns about the potential impact on employees.

In a recent development in the United States' financial landscape, Kansas Heartland Tri-State Bank has become the latest casualty, falling into insolvency and subsequently being taken over by the US Federal Deposit Insurance Corporation (FDIC).

In a recent development in the United States\' financial landscape, Kansas Heartland Tri-State Bank has become the latest casualty, falling into insolvency and subsequently being taken over by the US Federal Deposit Insurance Corporation (FDIC).

The US banking industry has recently witnessed significant changes as two prominent banks in California have announced their merger, forming a new financial entity that is valued at a staggering $36 billion.

The US banking industry has recently witnessed significant changes as two prominent banks in California have announced their merger, forming a new financial entity that is valued at a staggering $36 billion.

In a much-anticipated decision, the Federal Reserve (Fed) announced a 25 basis point increase in interest rates, bringing it to a range of 5.25% to 5.5%.

In a much-anticipated decision, the Federal Reserve (Fed) announced a 25 basis point increase in interest rates, bringing it to a range of 5.25% to 5.5%.

The European Central Bank (ECB) made an important announcement on July 27th, raising the basic interest rate by 25 basis points to 3.75%.

The European Central Bank (ECB) made an important announcement on July 27th, raising the basic interest rate by 25 basis points to 3.75%.

According to the latest data from the Federal Reserve's Economic Data System (FRED), customer withdrawals from US banks spiked to about $78 billion between July 5 and 12.

According to the latest data from the Federal Reserve\'s Economic Data System (FRED), customer withdrawals from US banks spiked to about $78 billion between July 5 and 12.

 Among the myriad choices available, bank stocks have long been a safe bet for astute investors, instilling confidence and attracting interest through their dependability and potential for growth.

 Among the myriad choices available, bank stocks have long been a safe bet for astute investors, instilling confidence and attracting interest through their dependability and potential for growth.

Scaling up too quickly can have detrimental effects on any business, and America's biggest banks are no exception. Recently, Goldman Sachs experienced a significant setback due to a slowdown in its business and investment banking sectors. This is just one example of how expanding operations excessively during the COVID-19 pandemic can take a toll on financial institutions.

Scaling up too quickly can have detrimental effects on any business, and America\'s biggest banks are no exception. Recently, Goldman Sachs experienced a significant setback due to a slowdown in its business and investment banking sectors. This is just one example of how expanding operations excessively during the COVID-19 pandemic can take a toll on financial institutions.

In a bid to tackle the persistent issue of money laundering, the German Financial Supervisory Authority, BaFin, has extended its controls over N26 Internet Banking.

In a bid to tackle the persistent issue of money laundering, the German Financial Supervisory Authority, BaFin, has extended its controls over N26 Internet Banking.

As we move into the second quarter of 2023, US banks find themselves on uncertain terrain, facing a challenging profit outlook and the possibility of new regulations. The aftermath of the financial crisis that unfolded this past spring has left the banking industry grappling with the implications of a changing landscape.

As we move into the second quarter of 2023, US banks find themselves on uncertain terrain, facing a challenging profit outlook and the possibility of new regulations. The aftermath of the financial crisis that unfolded this past spring has left the banking industry grappling with the implications of a changing landscape.

The US Federal Reserve (Fed) has recently introduced the FedNow digital payment system, revolutionizing money transfers within the domestic banking system.

The US Federal Reserve (Fed) has recently introduced the FedNow digital payment system, revolutionizing money transfers within the domestic banking system.

The Reserve Bank of Australia (RBA) has decided to keep the basic interest rate unchanged, announced on July 4th.

The Reserve Bank of Australia (RBA) has decided to keep the basic interest rate unchanged, announced on July 4th.