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...Are you getting the best deal on your savings? Check the latest interest rates on National Savings & Investments accounts. See our coverage of the latest savings and investment issues....
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...At Bank of America, rising deposit costs equalled two-thirds of new interest received in the quarter....
...The New York Fed has stopped publishing UK results....
...Plus, after years of negative news surrounding South Africa, there are grounds for medium-term optimism....
...The optimists have a story to tell A chart that matters Last week the Bank of Japan held interest rates at the new range between zero and 0.1 per cent, expressing few concerns about the declining value...
...But banks are finally having to pass on higher savings rates to depositors, according to JPMorgan and Wells Fargo, which also reported earnings....
...The US announced last week that it would offer up to $6.4bn in federal subsidies to South Korean tech giant Samsung Electronics, which is investing $40bn in its Texas facilities for cutting-edge logic chips...
...Monetary policy: Federal Reserve Bank of Minneapolis president Neel Kashkari participates in conversation with Missoula community members and University of Montana faculty and students, in Missoula, Montana...
...The flipside to higher interest rates is people also want more for their savings....
...The caution reflects similar uncertainty in the US Federal Reserve and other developed-world central banks....
...On Wednesday, Bank of Korea governor Rhee Chang-yong said the central bank would intervene to control currency volatility if needed....
...However, competition in the savings and mortgage markets and expectations of rate cuts have weighed on interest margins....
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...In 2021, Nguyen Thi Thanh Thuy jumped at an offer by Vietnam’s Saigon Joint Stock Commercial Bank (SCB) to invest in a new savings product offering high interest rates....
...DBS, south-east Asia’s largest bank by total assets, this month reported that NIM in October-December stood at 2.13 per cent, just a whisker above the 2.12 per cent recorded in January-March and the second-lowest...
...The Bank of Japan said last week that it could raise interest rates if the impact of a weakened yen became “too big to ignore”, while policymakers in China and South Korea have expressed concerns about the...
...The US Federal Trade Commission’s action to ban non-compete agreements has left Wall Street businesses rushing to restructure contracts and find new ways to tie down the high-priced personnel that their...
...South Korea’s financial regulator is considering banning all equity-linked securities after finding that the country’s biggest banks and brokerages misled retail investors over products tied to Chinese stocks...
...Between 2005 and 2022, however, only one new sector — displays — entered the country’s list of top ten export products. Meanwhile, South Korea’s lead in a range of critical technologies has dwindled....
...It is increasingly infiltrating the likes of the Federal Reserve Board, the European Central Bank and the Bank of England. And it is one of the few acronyms for which economists deserve forgiveness....
...From the bank: When can we expect sagging S&L tax revenues to moderate consumption and gross investment growth?...
...You see the same thing when you look at savings — the amount of money people have in checking and savings accounts across the income distribution. Look at people who make less than $25,000 a year....
...The tax measures would improve the federal government’s fiscal accounts by about 0.9 per cent of gross domestic product, per local investment bank BancTrust, boosting market confidence....
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