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The central bank keeps interest rates steady, plans to implement three cuts

March 21, 2024
Central bank holds rates steady, maintains three cuts coming

The Federal Reserve held interest rates steady on Wednesday and indicated that multiple cuts are still planned before the end of the year. Following its two-day policy meeting, the central bank’s rate-setting Federal Open Market … Read more

Categories Finance Tags Bank, Central, cuts, implement, Interest, plans, rates, steady

Bank of England likely to keep rates steady as inflation decreases, potential cuts on the horizon

March 20, 2024
Bank of England set to hold rates, but falling inflation brings cuts into view

The Bank of England: What to Expect in the Coming Months The Bank of England is facing a crucial decision in the coming months as the UK economy grapples with inflation, a technical recession, and … Read more

Categories Finance Tags Bank, cuts, decreases, England, Horizon, inflation, Potential, rates, steady

Customers withdraw millions due to glitch at Commercial Bank of Ethiopia

March 19, 2024
Commercial Bank of Ethiopia 'glitch' sees customers withdraw millions

Last weekend, Ethiopia’s largest bank, the Commercial Bank of Ethiopia, faced a major glitch that allowed customers to withdraw unlimited funds. According to reports, over $40 million was withdrawn or transferred before transactions were halted. … Read more

Categories Finance Tags Bank, Commercial, Customers, due, Ethiopia, glitch, millions, withdraw

Bank of America recommends constructing a tax-efficient portfolio using these funds

March 19, 2024
Build a tax-efficient portfolio with these funds, Bank of America says

As April 15 approaches, investors are focusing on taxes and how to reduce the tax drag on their portfolios. While there isn’t much that can be done to cut last year’s taxes, there are steps … Read more

Categories Investing Tags America, Bank, constructing, funds, portfolio, recommends, taxefficient

Lessons Learned from the Silicon Valley Bank Crisis

March 19, 2024
Silicon Valley Bank crisis lessons

Title: The Rise and Fall of Silicon Valley Bank: Lessons Learned from Jim Cramer Silicon Valley Bank’s sudden collapse in 2023 sent shockwaves through the financial world, leaving many investors reeling. CNBC’s Jim Cramer, known … Read more

Categories Mad Money Tags Bank, crisis, Learned, Lessons, Silicon, Valley

Japanese Stock Market on the Rise as Bank of Japan Prepares to Increase Interest Rates: Market Summary

March 18, 2024
Japanese Shares Climb as BOJ Set to Raise Rates: Markets Wrap

Asian Stocks Rise on Positive Economic Data and Awaited Policy Decisions The Asian stock market saw gains today as investors looked to upcoming policy decisions in Japan and the US for trading cues. The MSCI … Read more

Categories Finance Tags Bank, increase, Interest, Japan, Japanese, Market, Prepares, rates, Rise, stock, Summary

Jacqueline Reses, Bank Leader

March 16, 2024
Jacqueline Reses, Lead Bank

Welcome to our blog! Today, we are shining a spotlight on Jacqueline Reses, the Co-founder, Chair, and Chief Executive Officer of Lead Bank. Reses, a native of Atlantic City, New Jersey, has made waves in … Read more

Categories Innovation Tags Bank, Jacqueline, Leader, Reses

Bank of America Strategist Warns of Potential Bubble in Markets as Crypto Prices Soar: Report

March 16, 2024
Markets Flashing Signs of a Possible Bubble Amid Soaring Crypto Prices, Says Bank of America Strategist: Report

The stock market is showing signs of a potential bubble, at least according to Michael Hartnett, the chief investment strategist at Bank of America. In a recent interview with Bloomberg, Hartnett highlighted the soaring prices … Read more

Categories Cryptocurrency Tags America, Bank, Bubble, Crypto, Markets, Potential, Prices, Report, Soar, Strategist, Warns
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