Russia’s Largest Banks Face Sharp Rise in Loan Defaults
Russia’s two largest lenders, Sberbank and VTB, reported a sharp increase in delinquencies on mortgage and unsecured consumer…
Banking passwords stolen from Australians are being traded online by cybercriminals
More than 31,000 passwords belonging to Australian customers of the Big Four banks are being shared amongst cyber…
Wealthy consumers up spending while the rest of America cuts back
Shoppers walk through the King of Prussia Mall, as global markets brace for a hit to trade and…
European gas prices slide to 9-month lows – ING
In gas, natural gas prices in Europe extended declines for a fourth straight session and fell around 4.9%…
Battle over top Italian insurer Generali pits oligarchs against Milan elite – POLITICO
In favor of Donnet is Mediobanca, the revered Milan investment bank that owns a 13.1 percent share in…
European Central Bank Reportedly Looks to Simplify Bank Rules
The European Central Bank (ECB) has reportedly created a task force to simplify Europe’s banking rules. The task…
UK lifts sanctions on Syria’s defense ministry – POLITICO
The measures will “support Syria’s economic recovery following the fall of Assad,” Prime Minister Keir Starmer’s official spokesperson…
Finance Denmark chooses SurePay to rollout nationwide VoP service
SurePay has been chosen by Finance Denmark, an association representing banks, mortgage institutions and financial firms in Denmark,…
The US has already lost the trade war – ABN AMRO
One of the primary objectives of the Trump administration’s (trade) policies is to become less dependent on China,…
IMF slashes world growth forecasts due to trade war – POLITICO
It was a week when penguins, bonds, the new German coalition, Louisiana soybeans, fossil fuels, the EU’s Digital…
ECB slashes rates again as desperation mounts over trade war impact – POLITICO
The decision comes after extraordinary market volatility last week following U.S. President Donald Trump’s announcement of 10 percent…
Bank of America (BAC) earnings Q1 2025
Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in New York,…