Banks (Finance)
Moody's Investors Service has reaffirmed the credit ratings of Attijariwafa Bank (AWB) at Ba1 with a stable outlook, citing the bank's strong risk management, stable funding, and high liquidity. The ratings agency also noted AWB's diversified franchise in Morocco, North Africa, West Africa, and
Banks (Finance)
The UK's FTSE 100 closed lower on Thursday, with investors spooked by ongoing Middle East tensions and a rise in oil prices. The market had been expecting the Bank of England to hold interest rates at 4.25%, which it did. However, the decision was seen as less
Banks (Finance)
Lloyds Bank's pensions division, Scottish Widows, is set to pull out billions of pounds from Britain's stock market in a major blow to the UK economy. The move, which aims to have Scottish Widows' funds realigned by January 2026, is part of a broader trend
Banks (Finance)
The Bank of England's decision to keep interest rates on hold at 4.25% has been met with a mixed reaction from market analysts, with some expecting cuts to come later this year. The decision was made by six out of nine members of the bank's
Banks (Finance)
The Consumer Prices Index (CPI) rose 0.2% month-on-month in May, according to figures from the Office for National Statistics, remaining unchanged from the previous month's inflation rate. Despite the slight increase, the annual CPI inflation rate remained at 3.4%, still above the Bank of England'
Banks (Finance)
London's financial markets were mostly lower on Thursday, with the Bank of England deciding to leave its key interest rates unchanged at 4.25%. Despite this, three members of the Monetary Policy Committee voted for a 25 basis point cut, sparking mixed reactions from investors. Key takeaways from
Banks (Finance)
The Central Bank of Norway, Norges Bank, has decided to lower the key interest rate from 4.5% to 4.25% in an effort to balance economic growth and inflation. The decision was made by the Monetary Policy and Financial Stability Committee on June 18, citing uncertainty about the economic
Banks (Finance)
The Bank of England is poised to maintain its current interest rate of 4.25% despite surging oil prices and rising food inflation, which is putting pressure on living costs. The Monetary Policy Committee (MPC) is expected to hold off on rate cuts, having reduced rates at every other meeting
Banks (Finance)
Cathay United Bank Co., Ltd., a Taiwanese bank, has maintained a stable outlook on its long-term deposit ratings at A1, according to Moody's Investors Service. This affirmation reflects the bank's strong fundamentals, including its asset quality, capitalization, and liquidity profile. Moody's expects the bank
Banks (Finance)
The Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank have signed a significant agreement to provide a USD 20 million Commodity Murabaha Facility to support private sector projects in TÈrkiye. This facility, aimed at bolstering economic growth, will focus on small and
Banks (Finance)
The Bank of England's Monetary Policy Committee (MPC) is expected to maintain the UK interest rates at 4.25% on Thursday, amidst growing concerns over soaring food prices and the impact of global economic uncertainty. Economists believe that the MPC will opt to keep rates on hold, following
Banks (Finance)
HDFC Bank managing director and CEO Sashidhar Jagdishan has approached the Bombay High Court seeking to quash an FIR filed by Prashant Mehta, a trustee of Lilavati Kirtilal Mehta Medical Trust, alleging that Jagdishan accepted a Rs2.05 crore bribe to help the Chetan Mehta Group retain control of the
