Inflation has tumbled spectacularly across much of the world this year but the job is only half done, even if top central banks are now getting ready to wrap up their most aggressive interest rate hike cycle in history.
The New Development Bank of the BRICS group of nations will not be announcing new members at the BRICS Summit in South Africa this week, its Chief Financial Officer Leslie Maasdorp told Reuters on Wednesday.
Top asset manager BlackRock on Wednesday reported a further decline in its support for shareholder resolutions on environmental and social themes, citing corporate progress on the areas and poor crafting of the measures by filers.
NatWest is deciding whether to claw back bonuses from former CEO Alison Rose after she resigned in July, the British bank said on Wednesday, as it investigates the closing of former Brexit party leader Nigel Farage’s bank account, which led to her exit.
China Construction Bank Corp (CCB), the first of the country’s Big Five lenders to report half-year results this week, posted a 3.36% rise in first-half net profit on Wednesday.
Bank of Singapore, one of Asia’s largest private banks, said on Wednesday former Credit Suisse executive Jacky Ang was appointed as its global chief operating officer.
U.S. bank regulator the Federal Deposit and Insurance Corporation (FDIC) will on Aug. 29 propose new rules overhauling how large regional banks prepare for their own failure, according to a notice published late on Tuesday.
Shares of Charles Schwab fell by nearly 5% to a one-month low on Tuesday after the U.S. brokerage unveiled a cost-cutting plan that came with steep one-time charges.
Shares of several U.S. banks fell on Tuesday, the day after ratings agency S&P Global followed Moody’s in cutting its credit ratings on some regional lenders with high commercial real estate (CRE) exposure.
