Banks

Thankfully, they’re only a small-ish part of the banking industry’s overall loan book. But some banks are more exposed than others. By Wolf Richter for WOLF STREET. Banks are still very profitable. The industry reported quarterly…

U.S. Secretary of the Treasury Janet Yellen speaks while presiding over a meeting of the Financial Stability Oversight Council at the Treasury Department on May 10, 2024 in Washington, DC. Kent Nishimura | Getty ImagesU.S. Treasury…

(Bloomberg) -- President Emmanuel Macron said he would be open to seeing a major French bank being taken over by a European Union rival in order to spur the deeper financial integration he sees as critical for the bloc’s future…

The Bank of Japan is joining six other central banks to test what could be the future of money. The group is trying to smooth banking transactions by using digital currencies. The Swiss-based Bank for…

Singapore will be piloting the live issuance and use of wholesale central bank digital currencies next year, said the city-state's central bank."I'm pleased to announce that MAS will pilot the live issuance of wholesale CBDCs to…

A coalition of NGOs has filed a criminal complaint against several French banks for allegedly financing meat companies driving deforestation in Brazil.Between 2013 and 2021, the four French banks involved invested a total of nearly…

LONDON — European markets were uncertain on Thursday as global investors awaited the start of the U.S. Federal Reserve's Jackson Hole economic symposium.The pan-European Stoxx 600 index was up 0.4% by afternoon trade, having given back…

London Stock ExchangeToby Melville | ReutersThe pan-European Stoxx 600 was down 0.8% by early afternoon, with autos falling 3% to lead losses as most sectors and major bourses traded in negative territory. Oil and gas shares bucked the…

As the holiday season approaches, food banks in Phoenix have been making early preparations to ensure that many families will have enough food on their plates, especially in light of the rising cost of inflation.These food banks…