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...The inclusion of ministers such as Teo, a former two-star rear-admiral who has been serving as co-ordinating minister for national security since 2015, “raised eyebrows”, they said....
...Public finances remain very tight and investors have recently scaled back their expectations on the number of interest rate cuts the Bank of England will be able to make in 2024....
...Ermotti has re-emerged as a leading spokesman for European banks since returning to UBS in the wake of its rescue of former rival Credit Suisse in the most significant merger in the sector since the financial...
...The fund also retains full ownership of energy group Botaş, widely seen as one of Turkey’s crown jewel assets, national postal company PTT and a large port near the western city of Izmir....
...(ICBC), as well as Allied Irish Banks and Dutch lender ING, according to people familiar with the matter....
...In the UK retrofit jungle, TrustMark, a quality scheme for tradespeople that applies to all state-funded retrofit, is the closest beast to a government watchdog....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday in a sign of policymakers’ confidence over falling inflation....
...Thomas Jordan, the long-standing chair of the Swiss National Bank, announced his resignation on Friday, bringing to an end a turbulent tenure of unorthodox policymaking....
...They reckoned that positive capital gave national central banks options to act in a crisis among other things....
...Its net interest margin fell 45 basis points to 2.82 per cent quarter on quarter. That is expected to fall further in 2024. Net interest income could fall by as much as $300mn this year....
...In all, banks’ share of private lending in the US economy has fallen from 60 per cent in 1970 to 35 per cent last year, according to a new National Bureau of Economic Research paper....
...The moves came after the Swiss National Bank became the first major central bank to start easing monetary policy as it unexpectedly cut its headline interest rate by 25 basis points to 1.5 per cent....
...A day after the Fed meeting, the Swiss National Bank unexpectedly cut its interest rates, knocking about 1 per cent off the value of its currency....
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...The Swiss National Bank has become the latest central bank to leave its main interest rate on hold, keeping its policy rate at 1.75 per cent....
...A soon-to-be-published IMF survey of national debt management offices in emerging and developing economies shows that such knowledge asymmetries are not limited to commercial banks and domestic borrowers...
...The Bank of England is set to keep interest rates unchanged this week as it hunts for clearer signs that pay growth and services inflation are cooling sufficiently to permit a cut in the cost of borrowing...
...Valley Bank and First Republic a year ago and that befell the Wall Street investment banks back in 2008....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday, in a sign of policymakers’ confidence over falling inflation....
...Local banks have over $700bn in reserves that are currently paying no interest, according to central bank data. It is not just banks that have piles of idle cash....
...Central banks in the US, UK, Japan, Australia and Mexico all announce interest rate decisions next week....
...The National Bank of Hungary accelerated the speed of rate cuts following a 0.75 percentage point cut in January....
...A concern that the Swiss National Bank had waited too long was evident in its statement after cutting rates to 1.5 per cent last month....
...A bigger than expected fall in UK inflation has bolstered arguments for the Bank of England to start cutting interest rates and allowed Prime Minister Rishi Sunak to seize on the news as proof his economic...
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