IMF warns deeper financial turmoil would slam global growth

[ad_1] WASHINGTON, April 11 (Reuters) – The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe…

Sweden faces recession lasting into 2024, finance minister says

[ad_1] COPENHAGEN, Dec 22 (Reuters) – The Swedish economy will enter a deeper, more long-lasting recession next year than previously forecast as soaring energy prices drive up inflation, hitting households…

Bank deposits edge up after record outflows, Fed data shows

[ad_1] April 7 (Reuters) – Deposits at U.S. commercial banks rose near the end of March for the first time in about a month, showing signs of stabilizing after the…

Fed refocuses on job market as financial risks ease and inflation remains high

[ad_1] WASHINGTON, April 7 (Reuters) – Federal Reserve officials counting on slower U.S. job growth to help them in their fight to lower high inflation will receive key employment and…

US weekly jobless claims drop; revisions suggest labor market looser

[ad_1] Weekly jobless claims fall 18,000 to 228,000 Revisions show claims higher in 2023 than thought Continuing claims increase 6,000 to 1.823 million WASHINGTON, April 6 (Reuters) – The number…

Exclusive: Bank of England approves UBS’s Credit Suisse takeover in UK -sources

[ad_1] LONDON, April 4 (Reuters) – The Bank of England has approved UBS Group AG’s (UBSG.S) takeover of Credit Suisse Group AG (CSGN.S) in the United Kingdom, people familiar with…

Banking turmoil means recession fears are creeping back

[ad_1] March 29 (Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have…

Analysis: US bank trading and deposits in focus after rollercoaster month

[ad_1] New York, March 27 (Reuters) – As U.S. banks prepare to close the books on a tumultuous quarter, analysts say trading revenue and deposits are among the key numbers…

Banking stress puts U.S. and Europe on watch for credit crunch

[ad_1] WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said on…

Central banks keep hiking rates amid banking turmoil

[ad_1] March 23 (Reuters) – The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in hiking interest rates, as policymakers ploughed on with their…