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Simply Put: A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
Indians seem to be depositing less money in banks, and everyone's blaming the stock markets. But ar…
A key US consumer indicator has dipped to 'crisis levels,' SocGen says
The US personal savings rate has dropped below 3%, a level historically associated with recessions,…
Jennifer Sor
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But …
Gold shines as demand for safe haven asset strong; Infomerics Ratings anticipates 10% price jump this year
Historical trends, such as the surge during the Russia-Ukraine war, highlight gold's role as a safe…
ANI
Bank stocks soar after Donald Trump's election victory
Shares of the biggest US lenders soared Wednesday after the election, as markets eye looser regulat…
Jennifer Sor
Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says
Investors now see "shadow banking" as the leading source of a potential credit event, respondents i…
Filip De Mott
Big banks are bracing for losses as Americans struggle to pay off debt
Banks are building cash reserves as more and more Americans struggle to pay off credit card, auto, …
Jacob Zinkula
China's retirement crisis is here, and Beijing will be forced to keep raising the retirement age, demographer says
People 60 years and older are expected to make up nearly half of China's population by 2050, accord…
Jennifer Sor
India's diamond sector faces major crisis amid plummeting imports, exports, and massive job losses
According to the think tank data, a 24.5% drop in rough diamond imports from USD 18.5 billion in 20…
Jamie Dimon, CEO of JPMorgan Chase, just hinted at retirement. Here's how he became an iconic billionaire banker.
Jamie Dimon, the CEO of JPMorgan Chase, began his career in banking at American Express.
Katherine Tangalakis-Lippert
Scientists want to send our endangered species to the Moon to “save” them
Scientists are considering using the moon's craters for cryopreserving endangered species' cells to…
Status-quo on interest rate likely, say experts ahead of RBI's policy review
The Reserve Bank of India is expected to maintain the current repo rate at 6.5% in its upcoming pol…
PTI
FPIs inject Rs 11,366 cr in debt market in Aug; inflow tally crosses Rs 1 lakh cr for 2024
Foreign investors' strong buying interest in the Indian debt market can be attributed to India's in…
PTI
Bank of America's CEO says the US economy is 'vibrant' — and you should thank the banks
Bank of America CEO Brian Moynihan said the US economy has weathered enormous challenges — largely …
Geoff Weiss
Swelling US debt could tip US markets into crisis as soon as next year, Wharton professor says
If the US doesn't adjust fiscal policy, markets could have a reaction similar to the UK's 2022 fina…
Filip De Mott
US Fed says it failed to take forceful action on Silicon Valley Bank
The US Federal Reserve said that it failed to act with "sufficient force and urgency" in its oversi…
FADA urges banks to tighten funding to dealers as rains play spoilsport in August
Auto sales in India experienced a significant decline in August 2024, primarily due to excessive ra…
Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official
The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…
PTI
US bank SVB taken over is largest failure since 2008
US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits i…