News

Swiss investment bank UBS has reported a net profit of $1.65bn for the fourth quarter ended 31 December 2022, a 23% increase compared to $1.34bn for the corresponding quarter in 2021. The company reported total revenues of $8.02bn for the...

American Express announced the launch of American Express Business Blueprint™, the company’s new digital cash flow management hub designed exclusively for small businesses, which features cash flow insights, digital financial products, and an easy way to reach and manage...

The US Federal Reserve increased its target interest rate percentage point quarter on February 1 and yet continued to promise an ongoing surge in the borrowing cost as part of its battle against inflation. As per US central bank, the...

The finance ministry of Britain plans for sturdy regulations for crypto assets after the collapse of the crypto exchange giant FTX in 2022, because of which millions had to undergo severe losses. It is well to be noted that crypto...

A surge in the cost of borrowing is a much-needed lift for the already troubled banks in Europe, but it does come with a sting in the tail. As the European Central Bank as well as the US Federal...

As per the Saudi Press Agency, the country is planning to borrow $12.9 billion this year. Mohammed bin Abdullah Al-Jadaan, the country’s foreign minister, has given the go-ahead to the Kingdom’s borrowing plan for the year 2023, following the...

A likely ban on bank commissions to financial advisers who are in the business of selling their products can very well be a part of a wider shake-up when it comes to retail financial services in the European Union,...