Italy introduces surprise windfall tax on banks’ interest rate profits
The Italian government has introduced a surprise 40% windfall tax on the profits made by banks from high interest rates.Ministers…
Italy hits banks with surprise windfall tax
Receive free Banks updatesWe’ll send you a myFT Daily Digest email rounding up the latest Banks news every morning. Italy’s…
Moody’s downgrades 10 US banks, warns of possible cuts to others
By Lananh Nguyen and Juby Babu(Reuters) - Ratings agency Moody's downgraded the credit ratings of several U.S. banks on Monday…
Moody’s downgrades 10 US banks, warns of possible cuts to others
By Lananh Nguyen and Juby Babu(Reuters) - Ratings agency Moody's downgraded the credit ratings of several U.S. banks on Monday…
Federal Reserve’s Rate Hike Cycle Has Peaked, Investment Banks Say
Back then, most central banks, including the Fed, were pumping record amounts of money into the system through zero interest…
Small banks hit by liquidity crisis turn to CBK for rescue
Economy Small banks hit by liquidity crisis turn to CBK for rescue Monday August 07 2023 CBK Governor Kamau Thugge.…
Rise in fraudsters spoofing the websites of leading UK banks
Despite their best efforts to get on top of the problem, some of the UK’s biggest retail banks continue…
Goldman Sachs CEO David Solomon bets on asset management
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at…
Meet the Redditch residents turning to food banks to survive amid rising interest rates
At Batchley Support Group in Redditch, I meet Tony.He's 59 and one of a higher-than-average number of people in the…
Banks face ‘very large’ fines if they close customers’ accounts over political views
Chancellor Jeremy Hunt has said banks face "very large" fines if they close customers' accounts because of their political opinions.His…
