Wells Fargo Leaves Climate-Banking Group
Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.
Finance & Economics - page 6
Morgan Stanley Reportedly Predicts Favorable Environment for Lenders in 2025
The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.
Bank of England Holds Rates
The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.
Indian Startups Raise 6% More This Year, With Funding Rounds Getting Scarcer
In 2024, Indian startups experienced a 32% decline in funding rounds compared to the previous year, although the aggregate funding amount itself grew by 6%.
India’s GDP Growth Slumps to 5,4%
Indian economy is experiencing a noticeable decline, with economic growth falling to a seven-quarter low level.
UniCredit Raises Stake in Commerzbank
Italian UniCredit SpA increased its holding in German Commerzbank AG to about 28%.
Fed Cuts Interest Rates by Quarter Point
On Wednesday, December 18, Federal Reserve officials made the third decision in the current year to cut their benchmark interest rate, but at the same time decreased the scale of expectations for continued monetary easing next year.
UK Inflation Demonstrates Growth
In the United Kingdom, inflation showed an increase in November, reaching 2.6%.
FXGiants, a CFD Broker, Expands Trading Accounts to Include Zero-Commission, Zero-Spread Options
In a recent announcement, FXGiants, a known CFD broker in the field, has introduced a notable update for its clients. The company has launched new trading account options that come with zero commissions and zero spreads. This move aims to offer both new and experienced traders a cost-effective way to engage with the financial markets. […]
US Economy Faces Threat of Negative Scenario Amid Donald Trump’s Tariffs
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest financial institution in the structure of the United States banking sector, has repeatedly made some kind of warning statements over the past year that the US economy faces a high level of risk that a negative stagflation scenario will be implemented in its space, repeating […]
China’s Weak Consumption Puts Pressure on Economy
Last month, industrial output growth accelerated in China, but at the same time, retail sales in this Asian country turned out to be disappointing, amid which calls for Beijing to strengthen measures to stimulate consumer activity increased.
Christine Lagarde Says ECB to Cut Interest Rates Further
The European Central Bank will continue cutting interest rates as the inflation spike in recent years has increasingly moved into the rear-view mirror, bringing the 2% target.
European Private-Sector Contraction Eases on Services
In December, the private sector of the eurozone shrank in smaller volumes compared to initial expectations, which is the result of contributions from the services sector that exceeded forecasts.
HSBC Reportedly to Scale Back Retail Banking in Some Countries
The media has released information according to which HSBC is currently considering scaling back its retail banking operations in countries such as Mexico, Malaysia, Indonesia, and some others.
Moody’s Downgrades France’s Credit Rating
Moody’s Ratings downgraded France’s credit rating after local far-right leader Marine Le Pen toppled the country’s government as part of a dispute over reducing the public’s budget deficit.
Flushing Financial Seeks to Raise $70 Million
The media published information according to which Flushing Financial, a New York-based commercial real estate lender, is currently seeking to raise $70 million.
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