U.S. banking regulators are set to adopt new rules to modernize fair lending standards for banks, requiring them to take into account more than their physical presence to ensure they are adequately servicing communities.
Morocco has signed three financing agreements with the African Development Bank worth more than 2.9 billion dirham ($281.96 million), Morocco state news agency (MAP) reported on Tuesday.
Synchrony Financial on Tuesday beat Wall Street estimates for third-quarter profit as the bank’s interest income was buoyed by customers paying more on loans.
Wall Street’s top financiers showed up in force at an annual financial conference in Saudi Arabia on Tuesday despite broad concerns over travel in the Middle East in the wake of an escalating conflict between Israel and Hamas militants.
Britain’s Barclays will embark on another restructuring round in the coming months to mitigate the effects of margin pressure from competition in the savings market and another lacklustre performance from its investment bank.
Italy’s UniCredit on Tuesday beat third-quarter profit forecasts, but kept its full-year income goal unchanged and outlined plans to counter an eventual weakening in the boost from higher interest rates.
Brown & Brown on Monday reported a near 9% rise in third-quarter profit as the insurance brokerage earned more commissions and fees, sending its shares up 1% in extended trading.
The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation.
Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.
